Mild Hybrid Vehicle Market, By Battery Capacity (Less than 48V and 48V and Above), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Description

Global mild hybrid vehicle market is estimated to be valued at US$ 107.72 billion in 2024 and is expected to reach US$ 311.09 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 16.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 107.72 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	16.40%	2031 Value Projection:	US$ 311.09 Bn

Figure. Mild Hybrid Vehicle Market Share (%), By Region, 2024

Global mild hybrid vehicle market has been witnessing growth in the recent years, owing to stricter emission norms and focus on fuel economy. Mild hybrid vehicles utilize mild-hybrid technology which helps to recover energy lost during braking and coasting that is stored in a lithium-ion battery and is used to provide an electric boost to the engine when needed. This boosts acceleration and improves fuel efficiency by around 10-15% as compared to non-hybrid vehicles. With growing environmental concerns and rising fuel prices, more consumers are inclined towards hybrid vehicles for their lower running costs and reduced emissions. Manufacturers are also focusing on mass production of affordable mild hybrid models to meet the increasing demand.

Market Dynamics

Global mild hybrid vehicle market growth is driven by various factors like stringent emission regulations promoting electrified vehicles, rising fuel prices incentivizing fuel efficient options, increasing R&D efforts by OEMs to develop affordable mild hybrid technologies and government incentives and tax rebates for hybrid electric vehicles. The high initial costs of mild hybrid systems as compared to conventional vehicles and lack of standardization of charging infrastructure are hindering the market growth. The market provides opportunities for expansion in commercial vehicle and passenger car segments as more affordable options emerge. Key players are focusing on developing 48V mild hybrid systems that provide larger boost capability at lower costs. Partnerships with automotive suppliers will accelerate mass-scale production and components integration.

Key features of the study

This report provides in-depth analysis of the global mild hybrid vehicle market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global mild hybrid vehicle market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ford Motor Company, General Motors Company, Great Wall Motors Co., Ltd., Honda Motor Co., Ltd., Hyundai Motor Company, Kia Corporation, Mahindra & Mahindra Limited, Mazda Motor Corporation, Mitsubishi Motors Corporation, Nissan Motor Co., Ltd., Renault Group S.A.S., Stellantis N.V., Subaru Corporation, Suzuki Motor Corporation, Toyota Motor Corporation, Volkswagen Group, Volvo Car Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global mild hybrid vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mild hybrid vehicle market

Market Segmentation

By Battery Capacity
- Less than 48V
- 48V and Above
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players Insights
- Ford Motor Company
- General Motors Company
- Great Wall Motors Co., Ltd.
- Honda Motor Co., Ltd.
- Hyundai Motor Company
- Kia Corporation
- Mahindra & Mahindra Limited
- Mazda Motor Corporation
- Mitsubishi Motors Corporation
- Nissan Motor Co., Ltd.
- Renault Group S.A.S.
- Stellantis N.V.
- Subaru Corporation
- Suzuki Motor Corporation
- Toyota Motor Corporation
- Volkswagen Group
- Volvo Car Corporation

Product Code: CMI5245

Table of Contents

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Battery Capacity
- Market Snippet, By Vehicle Type
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of COVID-19 Pandemic

4. Global Mild Hybrid Vehicle Market, By Battery Capacity, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis 2019-2031
- Segment Trends
Less than 48V
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
48V and Above
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Mild Hybrid Vehicle Market, By Vehicle Type, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis 2019-2031
- Segment Trends
Passenger Vehicle
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Commercial Vehicle
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Mild Hybrid Vehicle Market, By Region, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
North America
- Regional Trends
- Market Size and Forecast, By Battery Capacity, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Battery Capacity, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Battery Capacity, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Battery Capacity, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Battery Capacity, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - South Africa
  - GCC Countries
  - Rest of the Middle East& Africa

7. Competitive Landscape

Company Profiles
- Ford Motor Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Motors Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Great Wall Motors Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Honda Motor Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hyundai Motor Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kia Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mahindra & Mahindra Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mazda Motor Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mitsubishi Motors Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Nissan Motor Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Renault Group S.A.S.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Stellantis N.V.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Subaru Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Suzuki Motor Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Toyota Motor Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Volkswagen Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Volvo Car Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Research Methodology

References
Research Methodology
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