by The global alternative fuel and hybrid vehicle market size was valued at US$ 362.1 billion in 2021 and is anticipated to grow US$ 7,988.1 billion by 2030, registering a CAGR of 41.02% from 2022 to 2030.
Key Takeaway:
- By vehicle, the passenger cars segment has accounted 81% market share in 2021.
- By fuel type, the battery-electric vehicles segment contributed 44% market share in 2021.
- Asia Pacific region accounted highest revenue share of around 43% in 2021.
The alternative fuel and hybrid vehicle market report covering various industry elements and growth trends helpful for predicting the market’s future.
The study provides a strong base for the alternative fuel and hybrid vehicle market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2030.
This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2022 to 2030. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the alternative fuel and hybrid vehicle report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the alternative fuel and hybrid vehicle market have been studied and analysed across many developments.
Report Scope of the Alternative Fuel and Hybrid Vehicle Market
| Report Coverage | Details |
| Market Size in 2022 | USD 510.64 Billion |
| Market Size by 2030 | USD 7,988.1 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 41.02% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Fuel Type, Vehicle Type, Vehicle Class, and Geography |
Research Approach
The comprehensive report on the global alternative fuel and hybrid vehicle market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global alternative fuel and hybrid vehicle market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
Key Players
- Jaguar Land Rover Automotive Plc
- Shell International
- Mitsubishi Motors Corporation
- Ford Motor Company
- BYD Company Ltd
- Tesla
- Daimler AG
- Nissan Motor Corporation
- Toyota Motor Corporation
- Honda Motor Co, Ltd
- Mercedes- Benz Group AG
- Volkswagen AG
Market Segmentations
By Fuel Type
- Hybrid Vehicles
- Plugin Hybrid Vehicles
- Battery Electric Vehicles
- Heavy Commercial Vehicles
- Others (Fuels, Gaseous, Biofuels)
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Vehicle Class
- Economical vehicles
- Mid-priced vehicles
- Luxury vehicles
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Alternative Fuel and Hybrid Vehicle Market
5.1. COVID-19 Landscape: Alternative Fuel and Hybrid Vehicle Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Alternative Fuel and Hybrid Vehicle Market, By Fuel Type
8.1. Alternative Fuel and Hybrid Vehicle Market, by Fuel Type, 2022-2030
8.1.1 Hybrid Vehicles
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Plugin Hybrid Vehicles
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Battery Electric Vehicles
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Heavy Commercial Vehicles
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others (Fuels, Gaseous, Biofuels)
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Alternative Fuel and Hybrid Vehicle Market, By Vehicle Type
9.1. Alternative Fuel and Hybrid Vehicle Market, by Vehicle Type, 2022-2030
9.1.1. Passenger Cars
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Light Commercial Vehicles
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Heavy Commercial Vehicles
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Alternative Fuel and Hybrid Vehicle Market, By Vehicle Class
10.1. Alternative Fuel and Hybrid Vehicle Market, by Vehicle Class, 2022-2030
10.1.1. Economical vehicles
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Mid-priced vehicles
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Luxury vehicles
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Alternative Fuel and Hybrid Vehicle Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.1.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.1.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.2.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.3.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Fuel Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Vehicle Class (2017-2030)
Chapter 12. Company Profiles
12.1. Jaguar Land Rover Automotive Plc
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Shell International
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Mitsubishi Motors Corporation
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Ford Motor Company
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BYD Company Ltd
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Tesla
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Daimler AG
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Nissan Motor Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Toyota Motor Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Honda Motor Co, Ltd
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Why should you invest in this report?
If you are aiming to enter the global alternative fuel and hybrid vehicle market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for alternative fuel and hybrid vehicle are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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