Market Research

Hybrid Vehicle Powertrain Component Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Vehicle Type (Passenger Car, Medium & Heavy Commercial Vehicle (M&HCV), Light Commercial Vehicle (LCV)); By Propulsio

Best Price Guarantee Length Publisher Published Date SKU
from $4,850 400 Pages BlueWeave Consulting March, 2023 BLWC18215599
Best Price Guarantee
Price from $4,850
Length 400 Pages
Publisher BlueWeave Consulting
Published Date March, 2023
SKU BLWC18215599

Hybrid Vehicle Powertrain Component Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Vehicle Type (Passenger Car, Medium & Heavy Commercial Vehicle (M&HCV), Light Commercial Vehicle (LCV)); By Propulsion (HEV, PHEV); By Component (Battery, Motor, Controller, Engine, Transmission); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Global Hybrid Vehicle Powertrain Component Market Size Booming at Robust CAGR of 28.2% during 2023–2029

Global hybrid vehicle powertrain component market is flourishing because of a high demand for hybrid vehicle powertrains and favorable initiatives by governments across countries.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects global hybrid vehicle powertrain component market size to zoom at a robust CAGR of 28.22% during the forecast period between 2023 and 2029. Major growth drivers for global hybrid vehicle powertrain component market include rising demand for vehicles that are both fuel-efficient and environmentally friendly, as well as increasing fuel costs. Hybrid powertrain components are utilized in hybrid vehicles to enhance fuel efficiency and provide power. Likewise, government regulations aimed at reducing carbon emissions, significant investments in charging infrastructure development, and an increasing demand for green vehicles are also driving the market growth. Also, technology advancements have led to the development of more efficient and reliable powertrain components, which are expected to contribute to the market's growth during the forecast period. However, shortage of semiconductors in the global market is anticipated to restrain the growth of the market.

Global Hybrid Vehicle Powertrain Component Market – Overview

A hybrid vehicle powertrain component is a combination of mechanical, electrical, and electronic systems that work together to power a hybrid vehicle. It includes the components that convert the energy stored in the battery or fuel cell into mechanical power that propels the vehicle. Hybrid vehicle powertrain components typically consist of an electric motor, battery or fuel cell, power electronics, transmission or gearbox, and other auxiliary components, such as regenerative braking systems and cooling systems. The powertrain components in a hybrid vehicle are designed to work in a highly integrated manner to optimize fuel efficiency and reduce emissions while still providing the necessary power and performance for the vehicle. The hybrid vehicle powertrain component market includes the production and sale of these components for use in hybrid vehicles.

Impact of COVID-19 on Global Hybrid Vehicle Powertrain Component Market

COVID-19 had a detrimental impact on the hybrid vehicle powertrain component market. The pandemic caused disruptions in the supply chain, manufacturing operations, and a decline in demand for hybrid vehicles. The global lockdowns and travel restrictions led to a reduction in production capacity and disrupted the supply chain of components and raw materials. As a result, the production of hybrid vehicles was delayed, leading to a decline in sales and revenue for manufacturers. Also, the pandemic caused a decline in consumer demand for hybrid vehicles as the economic uncertainty led to a decrease in purchasing power. Many customers postponed their plans to buy a hybrid vehicle due to financial constraints, which resulted in a drop in sales. However, the pandemic has also brought opportunities for the hybrid vehicle powertrain component market. The shift towards remote work and the increased focus on sustainability have led to a growing interest in hybrid and electric vehicles. The pandemic has also led to increased government support and incentives for the adoption of electric and hybrid vehicles, which could help to drive the market growth.

Global Hybrid Vehicle Powertrain Component Market – By Component

Based on component, global hybrid vehicle powertrain component market is divided into Battery, Motor, Controller, Engine, and Transmission segments. The battery segment holds the highest share in the global hybrid vehicle powertrain component market. Hybrid vehicles rely on a combination of electric motor and internal combustion engine (ICE), and the battery is an essential component that powers the electric motor. It is responsible for storing and providing energy to the electric motor, thereby reducing the reliance on the internal combustion engine and improving the fuel efficiency of the vehicle. The increasing demand for hybrid vehicles has led to a surge in demand for batteries, and battery manufacturers are investing in research and development to improve the efficiency and durability of batteries used in hybrid vehicles. Moreover, governments across the world are offering subsidies and incentives to promote the adoption of electric and hybrid vehicles, which is expected to drive the growth of the battery segment in the global hybrid vehicle powertrain component market.

Competitive Landscape

Major players operating in global hybrid vehicle powertrain component market include Robert Bosch GmbH, BorgWarner Inc., Magna International Inc., Hitachi Automotive Systems Ltd, Cummins Inc., ZF Friedrichshafen AG, Mitsubishi Electric Corp., Schaeffler AG, Continental AG, Marelli Holdings Co. Ltd, Tianjin Santroll, Allison Technologies, Bosch, ALTe Technology, and Voith. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Hybrid Vehicle Powertrain Component Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Hybrid Vehicle Powertrain Component Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Global Hybrid Vehicle Powertrain Component Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Supportive government initiatives
3.2.1.2. Increasing demand in hybrid vehicle powertrain
3.2.2. Restraints
3.2.2.1. Shortage of semiconductors in global market
3.2.3. Opportunities
3.2.3.1. Concerns regarding negative effect of carbon emissions
3.2.3.2. Rapid advancements in the automotive industry
3.2.4. Challenges
3.2.4.1. High maintenance and lack of charging infrastructure.
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Global Hybrid Vehicle Powertrain Component Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.1.2. Market Share and Forecast
4.1.3. By Vehicle Type
4.1.3.1. Passenger Car
4.1.3.2. Medium & Heavy Commercial Vehicle (M&HCV)
4.1.3.3. Light Commercial Vehicle (LCV)
4.1.3.4. Others
4.1.4. By Propulsion
4.1.4.1. HEV
4.1.4.2. PHEV
4.1.4.3. Others
4.1.5. By Component
4.1.5.1. Battery
4.1.5.2. Motor
4.1.5.3. Controller
4.1.5.4. Engine
4.1.5.5. Transmission
4.1.5.6. Others
4.1.6. By Region
4.1.6.1. North America
4.1.6.2. Europe
4.1.6.3. Asia Pacific (APAC)
4.1.6.4. Latin America (LATAM)
4.1.6.5. Middle East and Africa (MEA)
5. North America Hybrid Vehicle Powertrain Component Market
5.1. Market Size & Forecast, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Vehicle Type
5.2.2. By Propulsion
5.2.3. By Component
5.2.4. By Country
5.2.4.1. United States
5.2.4.1.1. By Vehicle Type
5.2.4.1.2. By Propulsion
5.2.4.1.3. By Component
5.2.4.2. Canada
5.2.4.2.1. By Vehicle Type
5.2.4.2.2. By Propulsion
5.2.4.2.3. By Component
6. Europe Hybrid Vehicle Powertrain Component Market
6.1. Market Size & Forecast, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Propulsion
6.2.3. By Component
6.2.4. By Country
6.2.4.1. Germany
6.2.4.1.1. By Vehicle Type
6.2.4.1.2. By Propulsion
6.2.4.1.3. By Component
6.2.4.2. United Kingdom
6.2.4.2.1. By Vehicle Type
6.2.4.2.2. By Propulsion
6.2.4.2.3. By Component
6.2.4.3. Italy
6.2.4.3.1. By Vehicle Type
6.2.4.3.2. By Propulsion
6.2.4.3.3. By Component
6.2.4.4. France
6.2.4.4.1. By Vehicle Type
6.2.4.4.2. By Propulsion
6.2.4.4.3. By Component
6.2.4.5. Spain
6.2.4.5.1. By Vehicle Type
6.2.4.5.2. By Propulsion
6.2.4.5.3. By Component
6.2.4.6. Belgium
6.2.4.6.1. By Vehicle Type
6.2.4.6.2. By Propulsion
6.2.4.6.3. By Component
6.2.4.7. Russia
6.2.4.7.1. By Vehicle Type
6.2.4.7.2. By Propulsion
6.2.4.7.3. By Component
6.2.4.8. The Netherlands
6.2.4.8.1. By Vehicle Type
6.2.4.8.2. By Propulsion
6.2.4.8.3. By Component
6.2.4.9. Rest of Europe
6.2.4.9.1. By Vehicle Type
6.2.4.9.2. By Propulsion
6.2.4.9.3. By Component
7. Asia-Pacific Hybrid Vehicle Powertrain Component Market
7.1. Market Size & Forecast, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Propulsion
7.2.3. By Component
7.2.4. By Country
7.2.4.1. China
7.2.4.1.1. By Vehicle Type
7.2.4.1.2. By Propulsion
7.2.4.1.3. By Component
7.2.4.2. India
7.2.4.2.1. By Vehicle Type
7.2.4.2.2. By Propulsion
7.2.4.2.3. By Component
7.2.4.3. Japan
7.2.4.3.1. By Vehicle Type
7.2.4.3.2. By Propulsion
7.2.4.3.3. By Component
7.2.4.4. South Korea
7.2.4.4.1. By Vehicle Type
7.2.4.4.2. By Propulsion
7.2.4.4.3. By Component
7.2.4.5. Australia & New Zealand
7.2.4.5.1. By Vehicle Type
7.2.4.5.2. By Propulsion
7.2.4.5.3. By Component
7.2.4.6. Indonesia
7.2.4.6.1. By Vehicle Type
7.2.4.6.2. By Propulsion
7.2.4.6.3. By Component
7.2.4.7. Malaysia
7.2.4.7.1. By Vehicle Type
7.2.4.7.2. By Propulsion
7.2.4.7.3. By Component
7.2.4.8. Singapore
7.2.4.8.1. By Vehicle Type
7.2.4.8.2. By Propulsion
7.2.4.8.3. By Component
7.2.4.9. Vietnam
7.2.4.9.1. By Vehicle Type
7.2.4.9.2. By Propulsion
7.2.4.9.3. By Component
7.2.4.10. Rest of APAC
7.2.4.10.1. By Vehicle Type
7.2.4.10.2. By Propulsion
7.2.4.10.3. By Component
8. Latin America Hybrid Vehicle Powertrain Component Market
8.1. Market Size & Forecast, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Propulsion
8.2.3. By Component
8.2.4. By Country
8.2.4.1. Brazil
8.2.4.1.1. By Vehicle Type
8.2.4.1.2. By Propulsion
8.2.4.1.3. By Component
8.2.4.2. Mexico
8.2.4.2.1. By Vehicle Type
8.2.4.2.2. By Propulsion
8.2.4.2.3. By Component
8.2.4.3. Argentina
8.2.4.3.1. By Vehicle Type
8.2.4.3.2. By Propulsion
8.2.4.3.3. By Component
8.2.4.4. Peru
8.2.4.4.1. By Vehicle Type
8.2.4.4.2. By Propulsion
8.2.4.4.3. By Component
8.2.4.5. Rest of LATAM
8.2.4.5.1. By Vehicle Type
8.2.4.5.2. By Propulsion
8.2.4.5.3. By Component
9. Middle East & Africa Hybrid Vehicle Powertrain Component Market
9.1. Market Size & Forecast, 2019–2029
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Propulsion
9.2.3. By Component
9.2.4. By Country
9.2.4.1. Saudi Arabia
9.2.4.1.1. By Vehicle Type
9.2.4.1.2. By Propulsion
9.2.4.1.3. By Component
9.2.4.2. UAE
9.2.4.2.1. By Vehicle Type
9.2.4.2.2. By Propulsion
9.2.4.2.3. By Component
9.2.4.3. Qatar
9.2.4.3.1. By Vehicle Type
9.2.4.3.2. By Propulsion
9.2.4.3.3. By Component
9.2.4.4. Kuwait
9.2.4.4.1. By Vehicle Type
9.2.4.4.2. By Propulsion
9.2.4.4.3. By Component
9.2.4.5. South Africa
9.2.4.5.1. By Vehicle Type
9.2.4.5.2. By Propulsion
9.2.4.5.3. By Component
9.2.4.6. Nigeria
9.2.4.6.1. By Vehicle Type
9.2.4.6.2. By Propulsion
9.2.4.6.3. By Component
9.2.4.7. Algeria
9.2.4.7.1. By Vehicle Type
9.2.4.7.2. By Propulsion
9.2.4.7.3. By Component
9.2.4.8. Rest of MEA
9.2.4.8.1. By Vehicle Type
9.2.4.8.2. By Propulsion
9.2.4.8.3. By Component
10. Competitive Landscape
10.1. List of Key Players and Their Offerings
10.2. Global Hybrid Vehicle Powertrain Component Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Covid-19 on Global Hybrid Vehicle Powertrain Component Market
12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
12.1. Robert Bosch GmbH
12.2. BorgWarner Inc.
12.3. Magna International Inc.
12.4. Hitachi Automotive Systems Ltd
12.5. Cummins Inc.
12.6. ZF Friedrichshafen AG
12.7. Mitsubishi Electric Corp.
12.8. Schaeffler AG
12.9. Continental AG
12.10. Marelli Holdings Co. Ltd
12.11. Tianjin Santroll
12.12. Allison Technologies
12.13. Bosch
12.14. ALTe Technology
12.15. Voith
12.16. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
14.1. Qualitative Research
14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
14.3.1. Secondary Research
14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations

$4,850
$5,750
$8,150

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings