DUBLIN--(BUSINESS WIRE)--The "Hybrid Car Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report on global hybrid car market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global hybrid car market to grow with a CAGR of 16.6% over the forecast period of 2018-2024.
The study on hybrid car market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
The report on hybrid car market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global hybrid car market over the period of 2016 to 2024.
Rising concerns over increasing air pollutions has resulted to shift towards eco-friendly vehicles. Also stringent emission standards in various countries and government encouragement in adoption of hybrid cars by providing subsides and incentives are some of the factors that are driving the growth of the hybrid car market.
However high cost of hybrid cars, ease and diverse availability of ICE cars may hamper the growth of the hybrid car market. Technological advancements in hybrid cars and reduction in pricing of hybrid cars can create huge opportunities in near future.
Geographically, Asia Pacific accounted for the largest market share in 2017, in terms of revenue. The increasing awareness among consumers regarding the benefits of eco-friendly vehicles, particularly in China and Japan, coupled with government's incentives and subsidies are facilitating the dominance for Asia Pacific hybrid cars market.
North America and Europe region are expected to grow at the moderate rate during the forecast period.
- Toyota Motor Corp
- General Motors Co
- Hyundai Motor Co
- Ford Motor Co
- Nissan Motor Co. Ltd.
- Volkswagen AG
- Honda Motor Co. Ltd.
- FCA N.V.
For more information about this report visit https://www.researchandmarkets.com/research/33wrwr/global_hybrid_car?w=4