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

Rare birds, wildflowers: 'Secret garden' opens after century

Jul 28, 2017

TRUCKEE, Calif. — Pink and yellow wildflowers burst from a lush bed of grass hidden from public view for more than a century. Towering trees and snow-capped mountains encircle the wild meadow, beckoning visitors to a largely untouched piece of California's Sierra Nevada. Conservation groups bought the land in Lower Carpenter Valley north of Lake Tahoe and are opening it for tours. It contains rare carnivorous plants and threatened birds and serves as a migration corridor for other species. Bird songs and the gurgle of a serpentine creek provide the soundtrack in the meadow less than 8 miles from noisy...

Indonesia orangutan sanctuary says villagers encroaching

Jul 28, 2017

JAKARTA, Indonesia — A conservation group says nearly a fifth of the forest in an orangutan sanctuary on the Indonesian part of Borneo has been taken over by people, threatening efforts to rehabilitate the critically endangered great apes for release into the wild. People thought to have migrated from other parts of Indonesia have occupied part of the sanctuary, cut down trees and planted crops including palm oil, Borneo Orangutan Survival Foundation spokesman Nico Hermanu said Thursday. The human activities are near a "forest school" where more than 20 orangutans live semi-independently and learn how to find food, build nests...

Warming to worsen dead zones, algae blooms choking US waters

Jul 28, 2017

WASHINGTON — Projected increases in rain from global warming could further choke U.S. waterways with fertilizer runoff that trigger dead zones and massive algae blooms, a new study said. If greenhouse gas emissions keep rising, more and heavier rain will increase nitrogen flowing into lakes, rivers and bays by about 19 percent by the end of the century, according to a study in Thursday's journal Science . While that may not sound like much, many coastal areas are already heavily loaded with nitrogen. Researchers calculated that an extra 860,000 tons of nitrogen yearly will wash into American waterways by century's...

Prosecutor: Martin Shkreli repeatedly lied to investors

Jul 28, 2017

NEW YORK — A prosecutor at the securities fraud trial of Martin Shkreli says the former pharmaceutical CEO scammed investors in a pair of failed hedge funds. Prosecutor Alixandra Smith told a jury in closing arguments on Thursday that Shkreli repeatedly lied to investors about how much money was in one of the funds as it was going under. She said he assured investors that he was managing $40 million at a time when there as only a few hundred dollars in his firm's brokerage account. In a recent Facebook post, the 34-year-old defendant calls the case "bogus." Before his...

Businesses, cities cashing in on total solar eclipse crowds

Jul 28, 2017

BARTLETT, Tenn. — Millions of eyes will be fixed on the sky when a total solar eclipse crosses the U.S. in August. It's likely many of them will be safely behind the special glasses churned out by a Tennessee company. American Paper Optics ramped up production for this year's eclipse and expects to make 50 million paper and plastic eclipse glasses. The company in suburban Memphis is one of many businesses — hotels, campgrounds and stores — taking advantage of the total solar eclipse. The total eclipse will move across the country from Oregon to South Carolina on Aug. 21....

Search

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@recentdiscovery.com

Trending News

ScienceAgricultural ScienceArchaeologyAstronomy Press