A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Hybrid
Cars
market. The study,
titled “Hybrid
Cars Market - Global Industry Analysis, Size, Share, Trends,
Analysis, Growth and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Hybrid Cars Market: Overview
Efficient
fuel energy resources are limited in nature, whereas growing
population across the globe is forever escalating the demand for
vehicles. Consequently, the need for vehicles that can run on
alternate energy or increases the fuel efficiency is on the rise.
This has led to the growth of the hybrid car market, particularly in
developing automobile hubs. Hybrid cars utilizes more than one form
of onboard energy to achieve propulsion, reusing the energy that
normally goes wasted in standard cars. Currently, gasoline-burning
hybrid cars are being manufactured, although diesel-electric hybrids
would be even more fuel-efficient. However, high cost associated with
hybrid systems and diesel engines makes them a prohibitively
expensive concept, as of now. The global hybrid cars market is
estimated for a healthy growth rate during the forecast period of
2016 to 2024.
Get
PDF Brochure for more Professional and Technical insights :
Global
Hybrid Cars Market: Trends and Opportunities
Though
hybrid cars currently occupy a negligible share in the global
automobile market, the future is anticipated to be very lucrative due
to several following factors. The Kyoto Protocol, which is an
international agreement linked to the United Nations Framework
Convention on climate change, is one the primary factor that is
motivating the adoption of hybrid cars. In addition to it, the
increasing adoption of hybrid cars has inspired many major automobile
companies to invest aggressively for the development of new models of
hybrid cars. Currently, variety of hybrid car models are available in
the market, although Toyota Prius has managed to catch most of the
attention. Ford Fusion is another popular hybrid car model.
The
growing awareness for eco-friendliness is quickly gaining attention
of end-users. Hybrid cars run on twin powered engine (gasoline engine
and electric engine) which not only cuts the fuel consumption and
thus conserves energy, its exhaust is much cleaner and eco-friendly.
Many national agencies have enforced rules for pollution control and
are providing concessions on purchasing hybrid cars. Fluctuations in
crude oil prices is another driving factor for this market. However,
since the concept of hybrid cars is still in the process of
technological advancements, the high cost associated is a major
restraint over the growth rate.
The
global market for hybrid cars can be segmented on the basis of
topologies used for the designing of the car. The major topology
segments of this market are parallel hybrids, series or parallel
hybrids, plug-in hybrids, series hybrids, and dual mode hybrids.
Presently, the models that utilize battery power besides gasoline
engine under emergency conditions are most in demand.
Global
Hybrid Cars Market: Region-wise Outlook
Geographically,
the global hybrid cars market can be divided into North America,
Europe, Asia Pacific, and rest of the world. Currently, North America
serves most of the demand for hybrid cars due to robust buying
potential of the consumers and high adoptability rate of new
technology. Moreover, presence of several pioneer companies in this
emerging market for hybrid cars in the region, particularly in the
country of the U.S., is driving the North American market.
Browse
Market Research Report with ToC & Analysis :
The
stringent environmental regulations implemented by several European
countries, coupled with attractive rebates, are augmenting the demand
in for hybrid cars in Europe. The regional markets of Asia Pacific
and Middle East are also projected for substantial growth during the
forecast period.
Companies
Mentioned in the Research Report
The
global market for hybrid cars is progressive in nature and innovation
will decide the leader in time to come. The players that are
currently have hybrid cars in the market include Toyota Motor
Corporation, Hyundai Motor Company, Honda Motor Corporation, Ford
Motor Company, Chevrolet, and Nissan Motor Company.
Major
regions analyzed under this research report are:
- Europe
- North America
- Asia Pacific
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
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
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Us
Transparency
Market Research
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NY 12207
Tel:
+1-518-618-1030
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