Europe Mild Hybrid Vehicles Market Growth, Size, Trends, Share, Revenue and Future Outlook
Europe Mild Hybrid Vehicles Market Size- By Battery Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN2494 | Pages: 1 - 151 | Formats*: |
| Category : Automotive & Transportation | |||
Europe Mild Hybrid Vehicles Market Introduction and Overview
According to SPER Market Research, the Europe Mild Hybrid Vehicles Market is estimated to reach USD 24.35 billion by 2033 with a CAGR of 4.77%.
The report includes an in-depth analysis of the Europe Mild Hybrid Vehicles Market, including market size and trends, product mix, distribution channels, and supplier analysis. Mild hybrid vehicles are hybridization technologies that combine a conventional internal combustion engine with an electric motor and a small battery. They do not rely only on electricity, like their conventional counterparts do. Regenerative braking is a crucial component of mild hybrid automobiles that captures and stores energy created while braking for subsequent use. This technology improves fuel efficiency and lowers pollution by allowing the internal combustion engine to work more effectively. Mild hybrid vehicles are a low-cost and accessible entry point that provides environmental benefits while reducing the need for major infrastructural improvements.
- In November 2023: Toyota introduced the Hilux, a lifestyle pickup truck with a mild-hybrid diesel engine for European markets. Hilux has a 48V mild hybrid system and a 204PS 2.8-litre four-cylinder diesel engine. In India, the Hilux is available with the same diesel engine combined with a 6-speed manual or 6-speed automatic transmission.
- In June 2023: Volkswagen made the next generation Tiguan worldwide public. It features a variety of powertrain options, including plug-in hybrid systems (eHybrid), mild hybrid turbo petrol engines (eTSI), turbo diesel engines (TDI), and turbo petrol engines (TSI). The world premiere of the Tiguan took place in Wolfsburg, Germany.
Market Opportunities and Challenges
Opportunities: The market for mild hybrid vehicles is expanding gradually in Europe. Growing customer demand for more environmentally friendly transportation options and more knowledge of environmental issues are two of the factors driving the expansion of mild hybrids in Europe. Additionally, the transition to greener transportation is being supported by European governments. Mild hybrid vehicles are a more appealing option for consumers due to incentives like tax breaks and subsidies. Additionally, the laws designed to lower carbon emissions are encouraging automakers and buyers to choose more environmentally friendly vehicles, which is making opportunity for mild-hybrids to expand. These factors offers plenty of opportunities for market expansion.
Challenges: The market growth for mild hybrid vehicles is expected to be hampered by the vehicles' increased torque and quiet engines. The car's simplicity and the reasonably priced cost of power can draw in final customers. Despite the fact that these functions are not available in mild hybrid vehicles, which is expected to hinder the sales. The expansion of the worldwide mild hybrid vehicle market is expected to be hampered by the delay in the release of new models and the reduction in research and development during the pandemic.
Market Competitive Landscape
The mild hybrid vehicle market in Europe is extremely competitive and consolidated. The market is distinguished by the existence of a few of sizable firms who have long controlled it. Among the leading companies controlling the European market are Mercedes-Benz, VW AG, Toyota Motors, Nissan Motor Corp., Audi AG, BMW Group, and BMW Group.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Battery Type, By Vehicle Type |
| Regions covered | Germany, France, Italy, Spain, UK, Rest of Europe |
| Companies Covered | Audi AG, BMW Group, Ford Motor Co., Hyundai Motor Company, Kia Motors Company, Mercedes-Benz, Mitsubishi Motors, Nissan Motors Co., Toyota Motors, Volkswagen AG, Volvo Group, Others. |
COVID-19 Impact on Europe Mild Hybrid Vehicles Market
The mild hybrid car market in Europe has been greatly affected by the COVID-19 pandemic. Initially, the outbreak caused a dramatic drop in car sales throughout the region as consumers were discouraged from making purchases due to lockdown procedures and uncertain economic conditions. The sales of non-essential goods like cars, especially mild hybrid models, were especially impacted by this downturn. The problem was made worse by factory closures and supply chain interruptions, which resulted in manufacturing delays and shortages of specific car models.
Key Target Audience:
- Urban Commuters
- Eco-conscious Consumers
- Fleet Managers
- Government Agencies and Municipalities
- Automotive Enthusiasts
- Taxi and Ride-sharing Companies
- Corporate Car Fleets
Our in-depth analysis of the Europe Mild Hybrid Vehicles Market includes the following segments:
| By Battery Type: |
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| By Vehicle Type: |
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| By Region: |
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Key Topics Covered in the Report:
- Europe Mild Hybrid Vehicles Market Size (FY’2024-FY’2033)
- Overview of Europe Mild Hybrid Vehicles Market
- Segmentation of Europe Mild Hybrid Vehicles Market By Battery Type (Less than, Battery, 48V Battery, Above 48V Battery)
- Segmentation of Europe Mild Hybrid Vehicles Market By Vehicle Type (Passenger Cars, Commercial Vehicles)
- Expansion Analysis of Europe Mild Hybrid Vehicles Market
- Problems and Obstacles in Europe Mild Hybrid Vehicles Market
- Competitive Landscape in the Europe Mild Hybrid Vehicles Market
- Impact of COVID-19 and Demonetization on Europe Mild Hybrid Vehicles Market
- Details on Current Investment in Europe Mild Hybrid Vehicles Market
- Competitive Analysis of Europe Mild Hybrid Vehicles Market
- Prominent Players in the Europe Mild Hybrid Vehicles Market
- SWOT Analysis of Europe Mild Hybrid Vehicles Market
- Europe Mild Hybrid Vehicles Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Mild Hybrid Vehicles Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Mild Hybrid Vehicles Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Mild Hybrid Vehicles Market
7. Europe Mild Hybrid Vehicles Market, By Battery Type (USD Million)
7.1. Europe Mild Hybrid Vehicles Market Value Share and Forecast, By Battery Type, 2024-20337.2. Less than 48V Battery7.3. 48V Battery7.4. Above 48V Battery
8. Europe Mild Hybrid Vehicles Market, By Vehicle Type (USD Million)
8.1. Europe Mild Hybrid Vehicles Market Value Share and Forecast, By Vehicle Type, 2024-20338.2. Passenger Cars8.3. Commercial Vehicles
9. Europe Mild Hybrid Vehicles Market Forecast, 2020-2033 (USD Million)
9.1. Europe Mild Hybrid Vehicles Market Size and Market Share
10. Europe Mild Hybrid Vehicles Market, By Battery Type, 2020-2033 (USD Million)
10.1. Europe Mild Hybrid Vehicles Market Size and Market Share By Battery Type (2020-2026)10.2. Europe Mild Hybrid Vehicles Market Size and Market Share By Battery Type (2027-2033)
11. Europe Mild Hybrid Vehicles Market, By Vehicle Type, 2020-2033 (USD Million)
11.1. Europe Mild Hybrid Vehicles Market Size and Market Share By Vehicle Type (2020-2026)11.2. Europe Mild Hybrid Vehicles Market Size and Market Share By Vehicle Type (2027-2033)
12. Europe Mild Hybrid Vehicles Market, By Region, 2020-2033 (USD Million)
12.1. Europe Mild Hybrid Vehicles Market Size and Market Share By Region (2020-2026)12.2. Europe Mild Hybrid Vehicles Market Size and Market Share By Region (2027-2033)12.3. Germany12.4. France12.5. Italy12.6. Spain
12.7. UK12.8. Rest of Europe
13. Company Profile
13.1. Audi AG13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. BMW Group13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Ford Motor Co.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Hyundai Motor Company13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Kia Motors Company13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Mercedes-Benz13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Mitsubishi Motors13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Nissan Motors Co.13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Toyota Motors13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Volkswagen AG13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Volvo Group13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Mild Hybrid Vehicles Market is projected to reach USD 24.35 billion by 2033, growing at a CAGR of 4.77% during the forecast period.
Europe Mild Hybrid Vehicles Market size from 2022. The Market is expected to reach USD 24.35 billion by 2033, at a CAGR of 4.77% during the forecast period.
Europe Mild Hybrid Vehicles Market CAGR of 4.77% during the forecast period.
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Europe Mild Hybrid Vehicles Market size is 24.35 billion from 2024 to 2033.
Europe Mild Hybrid Vehicles Market Segment is covered By Battery Type, By Vehicle Type
The Europe is anticipated to have the highest market share in the Europe Mild Hybrid Vehicles Market.
The key players in the market include Companies Covered Audi AG, BMW Group, Ford Motor Co., Hyundai Motor Company, Kia Motors Company, Mercedes-Benz, Mitsubishi Motors, Nissan Motors Co., Toyota Motors, Volkswagen AG, Volvo Group, Others.
Additionally, the laws designed to lower carbon emissions are encouraging automakers and buyers to choose more environmentally friendly vehicles, which is making opportunity for mild-hybrids to expand.
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