The global hybrid drivetrain market is anticipated to grow at a considerable CAGR of 26.5% during the forecast period (2024-2031). The advancement in technology is expected to fuel the global hybrid drivetrain market. Due to advanced technology in EVs there are several plug-in hybrid and battery EV options available in the market and various companies are launching new products. For instance, in September 2021, Dacia launched first hybrid with jogger compact crossover using Renault’s E-tech system. Dacia revealed that the drivetrain in hybrid version will produce 140 hp in the Clio and it will be affordable seven seater hybrid in the market. The Renault’s e-tech system provides 80 percent of urban driving in electric-only made and save 40 percent of fuel compared to gasoline drivetrain.
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Further, in November 2021, Punch Powertrain Launched its e-propulsion technology kit, which offered automobile producers wide range of e-drive configuration options. The features in the e-propulsion technology kit are the result of growing need for sustainable powertrain technology. Due to sustainability, the global demand for EV and hybrid vehicle is expected to increase during the forecast period as a result of which various companies are focusing on launching innovative and advanced vehicles to remain competitive in the market.
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Market Coverage
- Segment Covered-
o By Type
o By Component
o By Degree of Hybridization
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Autovia Ltd., BAE Systems, BorgWarner Inc., ContiTech AG, Ford Motor Co., Honda Motor Co., Ltd., Jaguar Land Rover Automotive Plc, Toyota Motor Corp., Vantage Power Ltd., ZF Friedrichshafen AG, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hybrid Drivetrain Market Report by Segment
By Type
- Series Drivetrains
- Parallel Drivetrains
- Series-parallel Drivetrains
By Component
- Electric Motor
- Power Electronics
- Controller
- Inverter/Converter
- Battery Pack
By Degree of Hybridization
- Mild HEV
- Full HEV
- PHEV
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