Hybrid Cars Market: Series Parallel Hybrid Cars to Surface as Most Valued Product, predicts TMR

The global hybrid cars market witnesses a high degree of competition between the leading players, namely, Toyota, General Motors, Hyundai, Ford, Nissan, Honda, BMW, and Volkswagen, finds a new study by Transparency Market Research (TMR). Researchers anticipate this rivalry to intensify further in the near future as companies will try to take center stage by introducing new products constantly.

Obtain Report Details @: http://www.transparencymarketresearch.com/hybrid-cars-market.html

As per the research report, the global market for hybrid cars stood at US$102.88 bn in 2015. Rising at a CAGR of 16.50% during the period from 2016 to 2024, the opportunity in this market is likely to reach a value of US$398.90 bn by the end of the forecast period. Currently, series parallel hybrid cars are registering a higher demand than other vehicles. Analysts expect the scenario to continue being so over the next few years, thanks to the unmatched efficiency offered by series parallel hybrid cars.

Continued Strong Demand for Hybrid Cars in Asia Pacific

The report also presents a regional analysis of the worldwide market for hybrid cars that includes its performance in North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America. Asia Pacific has acquired the dominance in this market. It led the overall market in 2015 with a share of more than 70% and is projected to continue to dominate at a high cumulative average growth rate throughout the forecast period. The rise in the awareness level pertaining to the benefits offered eco-friendly vehicles as compared to conventional vehicles among consumers in Asian economies, especially in Japan and China and the increase in various governments’ initiatives to encourage the uptake of hybrid cars are anticipated to ensure the leadership of Asia Pacific market for hybrid cars over the forthcoming years.

On the flip side, Europe and North America are likely to record a moderate progress in their respective markets for hybrid cars in the near future due to motorization. The markets in Latin America and the Middle East and Africa are expected to register sluggish growth in the near future, as the penetration of these cars is minimal in these regions, states the research report.

Make an Enquiry @: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=250

Increasing Level of Air Pollution due to Carbon Emission to Fuel Need for Hybrid Cars

“The increase in air pollution to alarming levels has influenced the uptake of hybrid vehicles remarkably,” says an analyst at TMR. Carbon emission from vehicles is the most prominent factor behind the rising air pollution across the world. The surge in concerns of people regarding this has shifted their interests towards hybrid cars, which are eco-friendly and utilize electricity as the main source of power for their functioning. This, as a result, is reflecting amazingly on the sales of these cars, leading to a thriving future for the global hybrid cars market.

Apart from this, the increasing enforcement of regulations mandating strict emission standards is also anticipated to promote the uptake of hybrid cars substantially over the next few years. However, the high costs associated with hybrid cars, together with the availability of electric cars at much lower rates may limit the market’s growth in the near future, notes the study.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Hybrid Cars Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024.”

The global hybrid cars market has been segmented as follows:

By Type

Series hybrid
Parallel hybrid
Plug-in hybrid
Series-Parallel hybrid

By Energy Source

ICE hybrids
Fuel cell hybrids
Solar hybrid
Natural gas hybrid

By Vehicle Type

Passenger Cars
Commercial Car

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Name: Rohit Bhisey
Organization: Transparency Market Research
Website: http://www.transparencymarketresearch.com/hybrid-cars-market.html

Latest News

The Latest: UN chief condemns attack on Afghan vote center

Apr 24, 2018

KABUL, Afghanistan — The Latest on the violence in Afghanistan (all times local): 6 a.m. U.N. Secretary-General Antonio Guterres has condemned the attack on a voter registration center in Afghanistan. The suicide bombing in Kabul on Sunday killed at least 57 people with more than 100 wounded. The Islamic State group claimed responsibility, saying it targeted Shiite "apostates." Guterres said the culprits must be brought to justice. "They must not be allowed to succeed in deterring Afghan citizens from carrying out their constitutional right to take part in forthcoming elections." He extended condolences to the families and expressed solidarity with...

Nepal honors 1st conquest of Everest without bottled oxygen

Apr 24, 2018

KATHMANDU, Nepal — Nepal's government on Thursday honored two climbers who were the first to scale Mount Everest without supplementary oxygen 40 years ago. Minister for Tourism Rabindra Adhikari praised the climbers at a ceremony in the capital, Kathmandu. Italian Reinhold Messner and Austrian Peter Habeler reached the summit without use of supplementary oxygen, while others on their team used bottled oxygen. Until then, all climbers carried oxygen cylinders to aid them at high altitudes where oxygen levels are low. Since Everest was first scaled in 1953, thousands of climbers have reached the summit and hundreds more make attempts every...

Iran bans government bodies from using foreign message apps

Apr 24, 2018

TEHRAN, Iran — Iran's presidency has banned all government bodies from using foreign-based messaging apps to communicate with citizens, state media reported Wednesday, after economic protests organized through such apps shook the country earlier this year. Chief among those apps is Telegram, used by over 40 million Iranians for everything from benign conversations to commerce and political campaigning. Iranians using Telegram, which describes itself as an encrypted message service, helped spread the word about the protests in December and January. Telegram channels run on behalf of Iran's Supreme Leader, Ayatollah Ali Khamenei, and Vice President Eshaq Jahangiri were already shut...

Sherpa guide trying to reach top of the world for 22nd time

Apr 24, 2018

KATHMANDU, Nepal — Three men have climbed to the top of the world 21 times, all of them mountain guides who grew up in the shadow of Mount Everest. Two of these famed Sherpa guides have retired. But 48-year-old Kami Rita says he'll be summiting Everest for years to come. "My goal is to reach the summit of Everest at least 25 times," he told The Associated Press in Kathmandu, Nepal's capital, shortly before heading back to the mountain for what he hopes will mark a record-breaking climb. "I want to set a new record not just for myself but...

23 children die in India when school bus plunges into gorge

Apr 24, 2018

NURPUR, India — A school bus plunged off a mountain road Monday into a deep gorge in the Himalayan foothills, killing 23 children, some as young as 4, Indian officials said. Four adults also died, said Sandeep Kumar, a local official. Ten children were hospitalized. Initial reports indicated the bus driver was speeding as he took the children home and lost control at the edge of the gorge. The bus fell some 200 feet (60 meters) to the ground below, said police officer Sunil Kumar. The adults killed included the bus driver, two teachers and another woman, officials said. Most...

Search
Broaden News

Sign up now!

Recent Discovery will take you to the captivating developments in science, technology, and the universe around us. We deliver to you the latest news, theories, and developments in the world of science.

Contact us: sales[at]recentdiscovery.com