Global Hybrid Commercial Vehicle Market 2017-2021


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Technavio

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About Hybrid Commercial Vehicle

Hybrid commercial vehicles use a combination of an IC engine and an electric motor to power the vehicles. The vehicle uses either a combination of both or the preferred engine as per requirement. The inclusion of an electric motor provides instant torque when required and helps to increase fuel efficiency and reduce emissions.

Technavios analysts forecast the global hybrid commercial vehicle market to grow at a CAGR of 19.57% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global hybrid commercial vehicle market for 2017-2021. To calculate the market size, the report considers the Unit shipments.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Hybrid Commercial Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Daimler
Hino Motors
PACCAR
Volvo

Other prominent vendors
Mahindra & Mahindra
MAN
Tata Motors
Market driver
Decreasing price of Li-ion batteries
For a full, detailed list, view our report

Market challenge
High initial investment
For a full, detailed list, view our report

Market trend
Growing popularity of hydrogen fuel cell hybrid
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.