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Global Hybrid Cars Market Anticipated to Grow at a CAGR of 16.5% during the Period of 2016 – 2024

Press release Description

Albany, New York, March 29, 2017: The increase in the levels of air pollution has raised concerns among people regarding carbon emissions, leading to use of carbon-free products. Hybrid cars are environment friendly vehicles that use electricity for their functioning. Market Research Reports Search Engine (MRRSE) has announced the addition of a new research report to its massive online offerings. The research report is titled “Global Hybrid Cars Market – Industry Analysis, Size, Growth, Trends and Forecast 2016 – 2024”. This research report is an in-depth and professional study on the current state and future prospect of the global hybrid cars market. The study includes drivers and restraints of the market and their impact on the demand during the forecast period, along with risks and opportunities at the global and regional level. 

According to Transparency Market Research, the global market for hybrid cars is anticipated to rise at a CAGR of 16.50% between 2016 and 2024. The market stood at US$102.88 billion in 2015 and is expected to touch US$398.90 billion mark by 2024. The report provides an extensive executive summary covering the market revenue & volume in global and regional market and market snapshot along with key industry developments and market indicators. It also covers detailed value chain analysis, which provides an all-inclusive view of the global hybrid cars market. Porter’s five forces model has also been provided for proper understanding of the competitive landscape in the market.

The study discusses a decisive view of the global hybrid cars market by segmenting it in terms of type, vehicle type and energy source. Based on type, the market for hybrid cars is segmented into:

  • Series
  • Parallel
  • Plug-in
  • Series-parallel

In terms of energy source, the market is segregated into ICE hybrid, fuel cell hybrid, natural gas hybrid, solar hybrid and on the basis of vehicle type, it is classified as passenger cars and commercial cars. For each segment, market volume and size have been provided in terms of global, regional and country level markets. Moreover, geographically, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa.

Browse Full Global Hybrid Cars Market Report with TOC :

In the later part, the report covers profiles of major firms operating in the market. Key companies in the hybrid cars market are Toyota Motor Corporation, Hyundai Motor Company, Ford Motor Company, Nissan Motor Company Ltd, General Motors, Volkswagen AG, Honda Motor Co., Ltd., BMW and FCA N.V. Market players have been profiled in terms of attributes such as company overview, business strategies, financial overview and recent developments.

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