The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Southeast Asia Hybrid Electric Vehicle Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Southeast Asia Hybrid Electric Vehicle Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Southeast Asia Hybrid Electric Vehicle Market is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Southeast Asia Hybrid Electric Vehicle Market Segmentation?
The report has segmented the market into the following categories:
By Vehicle Type
– Passenger Car- Market Size & Forecast 2019-2030, Thousand Units
– Commercial Vehicle- Market Size & Forecast 2019-2030, Thousand Units
– Two-wheeler– Market Size & Forecast 2019-2030, Thousand Units
By Electric Powertrain Type
– Series Hybrid- Market Size & Forecast 2019-2030, Thousand Units
– Parallel Hybrid- Market Size & Forecast 2019-2030, Thousand Units
– Parallel-Series Hybrid- Market Size & Forecast 2019-2030, Thousand Units
By Degree of Hybridization
– Micro Hybrid- Market Size & Forecast 2019-2030, Thousand Units
– Mild Hybrid- Market Size & Forecast 2019-2030, Thousand Units
– Full Hybrid- Market Size & Forecast 2019-2030, Thousand Units
– Plug-in Hybrid- Market Size & Forecast 2019-2030, Thousand Units
The demand for Plug-in Hybrid vehicles has been growing considerably across the region in recent years. This has been primarily attributed to the improving charging infrastructure across the country. In addition, several players like Mercedes, Volvo, etc., have been establishing their plug-in hybrid vehicle manufacturing or assembly facilities across Southeast Asian countries. These initiatives are made to reduce the import dependence of hybrid vehicles across the regions. Also, local manufacturing would allow companies to offer competitive pricing to consumers by reducing import tariffs. Consequently, these efforts are anticipated to further escalate the adoption of plug-in hybrid vehicles among consumers in the coming years.
By Country
– Thailand
– Malaysia
– Indonesia
– Singapore
– Cambodia
– Philippines
– Rest of Southeast Asia
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Key Factor Driver Southeast Asia Hybrid Electric Vehicle Industry Growth by 2030
Surging Greenhouse Gas Emissions Across the Region to Propel Hybrid Vehicle Adoption – Rapid industrialization, urbanization, and economic development in countries like Thailand, Malaysia, Singapore, and others have led to increased energy consumption, primarily reliant on fossil fuels such as coal & natural gas. The expanding transportation sector, characterized by a growing number of vehicles on the roads, exacerbated emissions from burning gasoline & diesel. For instance, in 2022, the transport sector contributed about 15% to total greenhouse gas emissions in Indonesia.
Who are the Key Players Operating in the Southeast Asia Hybrid Electric Vehicle Industry?
The top companies of the Southeast Asia Hybrid Electric Vehicle market ruling the industry are:
- Toyota Motor Corporation
- Honda Motor Company Limited
- BMW Group
- Hyundai Motor Company
- Mitsubishi Motors Corporation
- MG Motor
- Mazda Motor Corporation
- BYD Co. Ltd
- Nissan Motor Company
- Audi AG
- AB Volvo
- PT Yamaha Indonesia
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Southeast Asia Hybrid Electric Vehicle Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Southeast Asia Hybrid Electric Vehicle industry?
- Which is the Leading segment in the market?
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