Global Electric and Hybrid or Alternative Fuel Vehicle Market is expected to reach $ XX billion by 2026, registering a CAGR of 13% during the forecast period 2019-2026.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Alternative Fuel and Hybrid Vehicle Market is segmented by fuel type, engine type, vehicle type, power train and geography. Fuel type are classified as Gaseous Fuel, Petrol & Diesel, Pure Electric, and Alternative Fuel. Engine type are divided into Gaseous Engine, Petrol & Diesel Engine, Pure Electric Engine, and Alternative Fuel Engine. Power chain are splits into Series Power Train, Combined Power Train, and Parallel Power Train. Geography wise into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
In recent years use of conventional fuels has increased all over the globe. Conventional fuels are causing more of environmental hazards. Countries all over the globe are now focusing on the other form of fuels. With respect to that phenomenon, automotive industry is continuously working to reduce dependency on fossil fuels. Industry experts are continually channelling more resources into developing the next generation of low carbon vehicles, aimed at addressing the issues of CO2 emissions.
Based on vehicle type, Passenger cars comprise vehicles such as sedans, hatchback, sports utility vehicles (SUV), multi-utility vehicles (MUV), electric cars (battery electric vehicle (BEV), and hybrid electric vehicle (HEV)). Global automotive industry exhibited sales of approximately 66 million passenger cars in 2015. Currently, there are around 358,000 BEV and 242,000 PHEV running across the globe. Passenger cars segment account for the major share of overall vehicle sales. However, the number of electric passenger cars are expected to reach 450 million units by 2040.
In terms of region, Asia-Pacific region includes China, Japan, India, Australia, and other countries. It offers lucrative opportunities in the alternative fuel and hybrid vehicle market. The growth of the market in the region is supplemented by stricter vehicle emission norms formulated by European Union and emission control organizations in North America and followed by automobile manufacturers offering their vehicle in the region.
Key players operating on the market are, BMW Group, Telsa, Toyota Motor Corporation, Honda Motor, Zero Motorcycles, Inc., General Motors, Daimler AG, Energica Motor Company S.P.A, Ford Motor Company, BYD Company Motors.
The objective of the report is to present comprehensive analysis of Global Electric and Hybrid or Alternative Fuel Vehicle market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Electric and Hybrid or Alternative Fuel Vehicle market dynamics, structure by analyzing the market segments, and project the Global Electric and Hybrid or Alternative Fuel Vehicle market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Electric and Hybrid or Alternative Fuel Vehicle market make the report investor’s guide.
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Global Electric and Hybrid or Alternative Fuel Vehicle Market, By Fuel Type:
• Gaseous Fuel
• Petrol & Diesel
• Pure Electric
• Alternative Fuel
Global Electric and Hybrid or Alternative Fuel Vehicle Market, By Engine Type:
• Gaseous Engine
• Petrol & Diesel Engine
• Pure Electric Engine
• Alternative Fuel Engine
Global Electric and Hybrid or Alternative Fuel Vehicle Market, By Vehicle Type:
• Two Wheeler
• Passenger Car
• Commercial Vehicle
Global Electric and Hybrid or Alternative Fuel Vehicle Market, By Power Train
• Series Power Train
• Combined Power Train
• Parallel Power Train
Global Electric and Hybrid or Alternative Fuel Vehicle Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players in the Global Electric and Hybrid or Alternative Fuel Vehicle Market Are:
• BMW Group
• Telsa
• Toyota Motor Corporation
• Honda Motor
• Zero Motorcycles, Inc.
• General Motors
• Daimler AG
• Energica Motor Company S.P.A
• Ford Motor Company
• BYD Company Motors
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