This industry research report outlines the growth prospects and market forecast for micro-hybrid vehicles until 2019. The research report details the segmentation by light vehicles and heavy vehicles. The report also provides market shares for APAC, Americas, and EMEA regions. The leading vendors analyzed by this report include Audi, BMW, Daimler, GM, and Toyota.
Technavio has released its new market research report, global micro hybrid vehicle market, which is expected to grow at a CAGR of more than 18% between 2015 and 2019. Increase in demand and adoption for alternative fuel vehicles such as flexible-fuel vehicles, natural-gas based vehicles, and various types of hybrid and battery operated vehicles, has boosted the growth of the global micro-hybrid vehicle market in recent years. EMEA is the largest market for micro-hybrid vehicles across the globe, accounting for around 40% of the overall market share. The regulatory bodies of EU have set emission targets for all car manufacturers till 2020, based on the average mass of new cars registered in the region. The EMEA region receives a major share of its business from European countries such as Germany, Sweden, Italy, and France.
“The manufacturers are increasingly using li-ion batteries in micro-hybrid vehicles as these vehicles require more powerful and long-lasting batteries. Li-ion batteries are becoming popular, owing to their very high energy and power densities for long useful life. These batteries provide high thermal stability and enhanced power output at low currents. Also, the declining prices of these batteries will increase their implementation in hybrid vehicles over the next few years,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
The market is also expected to witness increased use of 48V batteries in micro-hybrid vehicles during the forecast period. The newly designed 48V battery is more powerful and long lasting, and are finding immense installations in the Class 2 micro-hybrids. These batteries are designed in such a way that they can support higher loads such as air conditioning, active chassis and safety, and electric supercharging.
The key vendors in the global micro hybrid vehicle market include Audi, BMW, Daimler, GM, and Toyota. This market is highly competitive due to the presence of various international and regional players. The competition is set to intensify with the advent of innovations in technology, increase in product extensions, and M&A. Also, the market promises huge growth potential over the next few years.
A more detailed analysis is available in the Technavio report, Global Micro Hybrid Vehicle Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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