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Hybrid & Electric Cars Global Industry Guide 2020-2029

Summary

Global Hybrid & Electric Cars industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- Hybrid & electric cars market includes the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles. Market value is calculated at the retail selling price (RSP) and the market volume is given in terms of units sold.
- Electric cars segment refers to all-electric vehicles only, namely Battery Electric Vehicles (BEVs). Hybrid cars segment refers to all types of hybrid electric cars such as full-standard Hybrid Electric Vehicles (FHEVs), and mild and plug-in hybrid electric vehicles (MHEVs and PHEVs). The other alternative fuel vehicles (e.g., LPG, Hydrogen fuel cell, or 48vMEHVs) are not included in our scope.
- All market data and forecasts are based on nominal prices and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates. The USD values may show a declining trend for few countries such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
- The global hybrid & electric cars market recorded revenues of $1,022,687.4 million in 2024, representing a compound annual growth rate (CAGR) of 36.4% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 37.5% between 2019 and 2024, reaching a total of 23,791,720.0 units in 2024.
- The growth of the global hybrid & electric cars market in 2024 was primarily driven by the increase in disposable income. Rising wages boosted vehicle purchasing, resulting in increased vehicle registrations and a shift from public transport to personal mobility among a broader population. According to the National Bureau of Statistics (NBS) of China, in 2024, the per capita disposable income in China reached CNY41,314 ($5,740.2), marking a 5.3% increase over 2023.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global hybrid & electric cars market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global hybrid & electric cars market
- Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global hybrid & electric cars market with five year forecasts by both value and volume
- Macroeconomic indicators provide insight into general trends within the Asia-Pacific economy

Reasons To Buy

- What was the size of the global hybrid & electric cars market by value in 2024?
- What will be the size of the global hybrid & electric cars market in 2029?
- What factors are affecting the strength of competition in the global hybrid & electric cars market?
- How has the market performed over the last five years?
- What are the main segments that make up the global hybrid & electric cars market?