The report presents an in-depth assessment of the Asia-Pacific Mild-Hybrid Vehicles Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Asia-Pacific Mild-Hybrid Vehicles investments from 2021 till 2025.
Asia-Pacific Mild-Hybrid Vehicles market is growing at a CAGR of 4% during the forecast period (2021-2025).
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The Asia-Pacific Mild-Hybrid Vehicles market is highly competitive and consists of a number of major players. Top Companies like Toyota Motor Corporation, Nissan Motor Co. Ltd, Honda Motor Company Ltd, The Hyundai Motor Company, Kia Motors Corporation, Volvo Group, General Motors, Suzuki Motors, Geely
Industry News And Developments:
In June 2019, Toyota launched Glanza in India which became the most affordable mild Hybrid car in the country. Companies are making new strategic partnerships, investing majorly in R&D projects and launching new products in the market for being ahead of their rivals. In May 2019, Toshiba announced that its lithium ion batteries have been adapted by mild hybrid systems of Nissan Motor Co’s Dayz and Mitsubishi motors eK mini vehicle.
Scope of the Report
– Asia-Pacific is expected to witness a high growth rate during?the forecast period. However, incidents of?lifting and reduced subsidies for the purchase of electric vehicles a may hinder the growth of the market in the region. In India,?for instance the government in 2017, lifted subsidies?on mild-hybrid vehicles under the FAME scheme (State of Karnataka lost subsidy of INR 75 crores from central government).
– In the first half of 2019, 1 in every automobile sold in South Korea was hybrid or electric. The region also witnessed a rise in export of hybrid vehicles during the same time frame. The major players in the region are investing heavily to innovate new products and increase the performance of the vehicles.
Key Market Trends
Increasing Pollutants Concentration in the Atmosphere will Drive Growth
22 of the World’s most polluted 30 cities are from India and other cities are also from some of the south-east Asia countries (China, Pakistan and Bangladesh). The growing pollution levels in the region has forced the governments for stricter emission norms for vehicles. Bharat Stage-VI has been implemented by Indian Government and will come into effect from April 2020. The end users are also getting aware and concerned about the environment and air they breathe. So, they are shifting towards more environmentally friendly vehicles. This will be a major growth driver for mild-hybrid vehicles sales in the region as they are more eco-friendly than the conventional IC engines.
China will be the Market Leader
Across the regions, China has been predominantly capturing the largest share in the market, owing to their highest vehicles sales. The Chinese government is implementing China 6 norms for pollution control in the region which are stricter than previous China 5 norms and are based on EURO 6 norms, form July 2020. This will support the demand of mild hybrid vehicles in the region. The sales of automobiles in the region is expected to be grow with a significant rate during the forecast period and the increasing gasoline prices insists end users to prefer vehicles which works on alternate fuel to increase the performance of the vehicle. Many automotive companies from China made plans to invest in the other Asia-Pacific market to take advantage of the strong demand for hybrid vehicles. For instance, Geely launched Azkarra in February 2020, Hyundai introduced new i20 which is a 48V mild hybrid vehicle claimed to help reduce fuel consumption by 3-4%.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Asia-Pacific Mild-Hybrid Vehicles Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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