LONDON--(BUSINESS WIRE)--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.
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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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Hybrid Commercial Vehicle Market 2020-2024: Segmentation
Hybrid Commercial Vehicle Market is segmented as below:
- North America
- South America
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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:
- Market ecosystem
- Value chain analysis
- 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
- 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
- Landscape disruption
- 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
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.