Published on : May 09, 2017
Albany, New York, May 09, 2017: With the recent rise in energy and oil prices, and the resultant high gas prices it has become necessary to find alternative methods and source. The advent of hybrid vehicles in the automotive industry has resolved this issue and created its global presence widely. Market Research Hub (MRH) has recently broadcasted a new study into its online database, which is titled as “Global Industrial and Commercial Hybrid Vehicles Industry 2017, Trends and Forecast Report”. This study provides an in-depth analysis of the global market, by analyzing some of the key regions including North America, Asia-Pacific and Europe. Additionally, key countries highlighted in the report are United Kingdom, Japan, United States, Germany, South Korea and China.
This report covers the methodological and current market trends for industrial and commercial hybrid vehicles. It has been analyzed that one of the primary ideas of using hybrid automobile would be to decrease fuel usage by improving the amount of fuel efficiency. Generally, industrial & commercial hybrid vehicles include hybrid cars, passenger cars and heavy industrial vehicles, the term referring to heavy lifting, as with forklifts. Hybrid commercial vehicles offer the best solution for fuel efficiency and lower pollutant emissions as a result of the start-stop system and regenerative braking mechanisms typical of these vehicles, thus are in demand. Most common among these hybrid vehicles are those cars that use gasoline and electrical energy as their source of power.
At first, the report introduces industrial and commercial hybrid vehicles basics along with its definitions, classifications, applications and market overview. Moreover, in this section product specifications, manufacturing processes, raw materials and cost structures are also well defined in this precise study. An electric or hybrid commercial vehicle combines the conventional diesel engine propulsion system with an electric propulsion system. The presence of this electric propulsion system is mainly used to achieve superior fuel economy and to reduce carbon emission that would affect the environment.
Through the geographical analysis, the report inspects world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate for the given forecast period of 2017 to 2021. As per the findings, the global hybrid vehicles market is poised for substantial growth in the coming year, owing to the need for addressing consumers’ needs relating to fuel expenditure reduction and mandatory compliance with CO2 emissions norms. Also, the competition in the market is anticipated to intensify as the market for hybrid commercial vehicles grows.
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Further, the report finds that global industrial and commercial hybrid vehicles industry has a few big players who have marked their presence globally. Leading players in the global market have been profiled and their company overview, financial impression, business strategies and recent developments have been covered in the study.
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