Hybrid Commercial Vehicle Market- Roadmap for Recovery from COVID-19 | Decreasing Prices of Lithium-ion Battery to boost the Market Growth | Technavio


LONDON–()–Technavio has been monitoring the hybrid commercial vehicle market and it is poised to grow by 68.43 thousand units during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by type, which is the leading segment in the market?
  • The LCVs segment is expected to be the leading segment based on type in the global market during the forecast period.
  • What are the major trends in the market?
  • Small-sized Li-ion batteries with high density and high power is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 8%, the incremental growth of the market is anticipated to be 68.43 thousand units.
  • Who are the top players in the market?
  • AB Volvo, CNH Industrial NV, Daimler AG, Dongfeng Motor Group Co. Ltd., Ford Motor Co., Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Tata Motors Ltd., and Volkswagen AG. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Decreasing prices of lithium-ion batteries is one of the major factors driving the market. However, the insufficient charging infrastructure restraints market growth.
  • How big is the APAC market?
  • The APAC region will contribute 54% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, CNH Industrial NV, Daimler AG, Dongfeng Motor Group Co. Ltd., Ford Motor Co., Hino Motors Ltd., Navistar International Corp., PACCAR Inc., Tata Motors Ltd., and Volkswagen AG are some of the major market participants. The decreasing prices of lithium-ion batteries will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Hybrid Commercial Vehicle Market 2020-2024: Segmentation

Hybrid Commercial Vehicle Market is segmented as below:

  • Type

  • Geography

    • APAC
    • North America
    • Europe
    • South America
    • MEA

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Hybrid Commercial Vehicle Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hybrid commercial vehicle market report covers the following areas:

  • Hybrid Commercial Vehicle Market Size
  • Hybrid Commercial Vehicle Market Trends
  • Hybrid Commercial Vehicle Market Analysis

This study identifies small-sized Li-ion batteries with high density and high power as one of the prime reasons driving the hybrid commercial vehicle market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Hybrid Commercial Vehicle Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist hybrid commercial vehicle market growth during the next five years
  • Estimation of the hybrid commercial vehicle market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the hybrid commercial vehicle market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hybrid commercial vehicle market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • LCVs – Market size and forecast 2019-2024
  • M and HCVs – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB Volvo
  • CNH Industrial NV
  • Daimler AG
  • Dongfeng Motor Group Co. Ltd.
  • Ford Motor Co.
  • Hino Motors Ltd.
  • Navistar International Corp.
  • PACCAR Inc.
  • Tata Motors Ltd.
  • Volkswagen AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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