The Mild Hybrid Vehicle Market is segmented by vehicle type (Passenger vehicle, Commercial vehicle, Light commercial vehicle, Heavy commercial vehicle), architecture (Belt-integrated starter generator, Crankshaft-integrated motor generator), Voltage (Up to 12V, 12V-24V, More than 24V), key companies (Daimler Ag, Fiat Spa, Ford Motor Company and others), regional (Germany, Italy, US, France, Japan, China, India, South Korea and others)
The Mild Hybrid Vehicle Market is projected to grow at xx% CAGR in 2020-2031 with a market size of xx Billion
Mild hybrid Vehicle combine an internal combustion engine (IC engine) with an electric motor to boost efficiency and reliability. In Mild hybrid automobiles, small electric motors being exclusively used to help the engine. The electric motors in these cars assist the engine during acceleration and cruising.
Due to various fast technological developments, the automobile sector is continuously improving. The automobile sector is driven by the continuous advancement in technology inside a vehicle with every new model release. Internal combustion engines run and power the majority of automobiles in use across the world. However, strict measures to reduce carbon emissions and harmful pollutants from exhaust gases, improved powertrain performance & electrification in cars are likely to expand significantly.
Mild hybrid cars provide an efficient powertrain option that improves driving comfort and efficiency while decreasing engine load. They consist of an internal combustion engine, a 48-volt battery, an electric motor, and a converter. Additionally, mild hybrids are types of conventional cars with engines that can be turned off in the event of braking, coasting or stoppage, yet restarting cleanly and efficiently. The bigger motor, which spins the engine to working RPM levels before fuel injection, causes the engine to resume. Mild hybrid cars offer a widely accessible, cost-effective, and consumer-friendly platform for meeting rigorous requirements for safer, cleaner, and more fuel-efficient automobiles.
The recent breakout of the COVID-19 pandemic hindered the sale and manufacture of electric cars since raw materials and automotive components were in limited supply throughout the world. The mild-hybrid car industry has been restricted by the drop in electric vehicle sales and manufacturing since the start of the COVID-19 epidemic. The worldwide mild hybrid cars market, on the other hand, is expected to grow shortly, as automakers and suppliers resume operations with preventative measures in place to stem the spread of the virus, and cross-border commerce and transportation activities reopen.
Key Trend & Vehicles
The demand for electric cars is driving the increase of fossil fuel prices owing to depletion of inventories, global politics, & public awareness of pollutants from internal combustion engines. According to the International Energy Agencys Global EV Outlook 2020, more than 2.1 million electric car sales were registered globally in 2019, representing a 40% year-on-year increase. The mild-hybrid car is a feasible alternative to standard I.C engine-powered vehicles since it does not require substantial changes, resulting in expensive costs for OEMs and customers, saving money on fuel, and reduces emissions.
While driving, braking, or stopping, mild hybrid cars allow the engine to shut off, but it instantly resumes. For recharging the batteries, these cars use regenerative braking. Several automakers have introduced mild hybrid vehicles as a result of these features.
They include the VW Golf, Audi A4, BMW 3 Series, Mercedes-Benz C-Class, Fiat 500, Volvo KC 60 and 90 Series, Kia Ceed, Ford Kuga, and others. In a nutshell, the market is driven by the increasing popularity of electric vehicles & a wide range of alternatives available.
Mild hybrid cars with lesser voltage capabilities can easily convert to a 48-volt network at a reasonable cost. Lower-voltage hybrid cars lack acceleration, comfort, and convenience, which is why some OEMs choose 48-volt systems. Volvo Car Corporation, for example, offers a 48-volt system in both its mild hybrid vehicles, the XC90, and XC60. As a result, the worldwide mild-hybrid vehicle market is powering the newly launched vehicle models with improved driving experiences.
Daimler AG (Germany), Fiat Spa (Italy), Ford Motor Company (US), General Motors Company (US), Honda Motor Company Limited (Japan), Peugeot Sa (France), Suzuki Motor Corporation (Japan), Volkswagen AG (Germany), Tesla Motors Incorporated (US), Toyota Motor Corporation (Japan), Renault–Nissan–Mitsubishi Alliance (Netherlands) are the major players in the global mild hybrid vehicles industry (Sweden).
Among various other regions, Europe accounted for a significant portion of the mild-hybrid industry globally, owing to numerous OEMs and strict pollution regulations that encourage electric vehicles. Additionally, European Union member nations such as France and Germany, providing incentives for purchasing various electric vehicles. In Europe, these reasons are pushing the mild hybrid vehicle industry.
• Historical data available (as per request)
• Estimation/projection/forecast for revenue and unit sales (2021-2031)
• Data breakdown for every market segment (2021-2031)
• Gross breakdown for every market segment (2021-2031)
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry and Revenue Segmentation
Vehicle Type Analysis (Revenue, USD Million, 2020-2031)
• Passenger Vehicle
• Commercial Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Architecture Analysis (Revenue, USD Million, 2020-201)
• Belt-Integrated Starter Generator
• Crankshaft-Integrated Motor Generator
Voltage Rating Analysis (Revenue, USD Million, 2020-2031)
• Up to 12V
• More than 24V
Key Company Analysis (Revenue, USD Million, 2020-2031)
• Daimler Ag
• Fiat Spa
• Ford Motor Company
• General Motors Company
• Honda motor Company Limited
• Peugeot Sa
• Suzuki Motor Corporation
• Volkswagen Ag
• Tesla Motors Incorporated
• Toyota Motor Corporation
• Groupe PSA
• Hyundai Motor Company
• BYD Co. Ltd
• AB Volvo
Regional Analysis (Revenue, USD Million, 2020 – 2031)
• United States
• United kingdom
• South Korea
• Saudi Arabia
• Rest of the world
• United States Mild Hybrid Industry Research Report
• Europe Mild Hybrid Industry Research Report
• Asia Mild Hybrid Industry Research Report
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