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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 40.12 Billion by 2029 | 6.2% | North America |
| MARKET BY TYPE | MARKET BY TECHNOLOGY | MARKET BY VEHICLE TYPE |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Hybrid Truck Market Overview
The Hybrid Truck Market is expected to grow at 6.2% CAGR from 2022 to 2029. It is expected to reach above USD 40.12 Billion by 2029 from USD 23.35 Billion in 2020.
A hybrid truck, also known as a hybrid electric truck, combines an electric propulsion system, which consists of one or more electric motors and battery packs, with a conventional internal combustion engine system and fuel tanks. A hybrid truck is capable of being driven in off-road situations and is propelled by multiple onboard energy sources to provide propulsion. Hybrid trucks typically have larger tyres, flexible suspension, and high ground clearance ratio, which allows these high-traction motor vehicles to travel on off-paved and forest roads that are regularly lumpy and have low traction surface. Customers’ preferences for alternative fuel-powered vehicles are shifting as a result of reasons such rising fossil fuel prices, dwindling supplies of crude oil, government laws and policies against diesel and gasoline-powered automobiles, and dwindling government support for these fuels. This is a driving force in the forecasted growth of the hybrid truck industry.
Furthermore, data points to road travel as being responsible for more than half of the total health effects of air pollution brought on by vehicle emissions of hazardous gases. Governments and automakers are being prompted by this to create and develop alternative methods to reduce transportation emissions. The use of hybrid vehicles in these areas has also been spurred by growing automation and the use of machinery to streamline manual in a variety of industries, including infrastructure, transportation, mining, and agriculture. The market for hybrid trucks is expected to benefit greatly from this soon. However, it is predicted that the market for hybrid trucks will be constrained throughout the projection period due to the high initial and maintenance expenses of these vehicles.
Governments and automakers are being prompted by this to create and develop alternative methods to reduce transportation emissions. Due to this, hybrid automotive technology has been created, which, in contrast to traditional vehicles, uses less fuel and emits less carbon. This will certainly fuel the market for hybrid trucks during the anticipated term. Based on the maximum engine and electric machine power, increased hybridization, such as micro-mild-full, reduces both fuel consumption and carbon dioxide emissions. Lithium batteries have sparked a resurgence in interest for BEVs and hybrids due to they allow for more interior energy storage that is dependable and portable. The development of new batteries that can tolerate frequent and quick load changes will determine if these relatively new hybrid vehicle types can be commercialized.
The COVID-19 epidemic has significantly impacted the automotive sector. Manufacturing facilities have been shut down as a result, and sales volume has decreased. Also, it has long halted transportation activity due to numerous trade restrictions in place all around the world. The market for hybrid trucks has been negatively impacted by all these initiatives. On the other hand, it is possible that the budget allotted for research and development would be reduced, which will impede further development of hybrid trucks. To combat the negative consequences of the outbreak, however, businesses are taking precautions.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) (Thousand Units) |
| Segmentation | By Type, By Technology, By Vehicle Type, By Region |
| By Type |
|
| By Technology |
|
| By Vehicle Type |
|
| By Region |
|
Hybrid Truck Industry Market Segment Analysis
Hybrid truck industry market is segmented based on type, technology, vehicle type, and region.
Based on type, a significant portion of the market was made up of full hybrid. Due to increased electrification in the heavy-duty and pickup vehicle segments. Full hybrid vehicles have an electric motor that enables them to go short distances at low speeds fully on energy. To boost the performance of the petrol engine, it can also increase the frequency and duration of the use of its electric motor.
Based on technology, a significant portion of the market was made up of parallel hybrid. Both an internal combustion engine and an electric motor are included in parallel hybrid systems, and they can run the vehicle either alone or together. The ICE can also function as a generator for additional recharging; however, the parallel hybrids rely more on regenerative braking. They consequently have greater success in stop-and-go city traffic. General Motors’ Parallel Hybrid Truck (PHT) and BAS Hybrids, including the Saturn Vue, Aura Greenline, and Chevy Malibu hybrids, also employ a parallel hybrid design.
Based on vehicle type, a significant portion of the market was made up of light-duty trucks. Pickup trucks and vans are two examples of light-duty vehicles that frequently use hybrid technology. Major OEMs like RAM, Daimler, and others are producing and presenting new cars with cutting-edge technologies as the demand for light-duty commercial vehicles rises around the world.
Hybrid Truck Industry Market Players
The Market research report covers the analysis of market players. Key companies profiled in the report include BYD Motors Inc., General Motors, Eaton Corp., Azure Dynamics Corp., Nikola Motor Company, Daimler AG, Ford Motor Company, Renault Trucks, Liebherr Group, DAF Trucks
Recent Development:
- On February 2022, BYD announced that Swedish freight technology company Einridehas purchased 200 Class 8 8TT battery-electric day cab trucks for deployment across the United States, the largest-ever order of its kind outside of Asia.
- On November 2022, Sysco Corporation(NYSE: SYY), the leading global foodservice distribution company, received its first series-produced battery electric Freightliner eCascadia. With one of the largest private fleets in the United States, Sysco is leading the future of sustainability for foodservice distribution.
Who Should Buy? Or Key stakeholders
- Investors
- Market Players
- End-users
- Government And Regulatory Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- Others
Hybrid Truck Industry Market Regional Analysis
The hybrid truck industry market by region includes North America, Asia-Pacific (APAC), Europe, South America, And Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The greatest revenue share in 2021 over 44% was accounted for by North America. Due to strict pollution control regulations in Canada and the United States. Ford is the most well-known automaker in the US, and sales are anticipated to stay high with the introduction of the Ford hybrid truck. The market demand is also consistently being increased by a number of hybrid truck manufacturers in the US. Also, the government increased infrastructure spending on trucks with plug-in hybrids. These elements are anticipated to increase demand for hybrid trucks in the area.
Key Market Segments: Hybrid Truck Industry Market
Hybrid Truck Industry Market By Type, 2020-2029, (Usd Billion), (Thousand Units)
- Full Hybrid
- Mild Hybrid
- Micro Hybrid
Hybrid Truck Industry Market By Technology, 2020-2029, (Usd Billion), (Thousand Units)
- Parallel Hybrid
- Series Hybrid
- Series-Parallel Hybrid
- Plug-In Hybrid
Hybrid Truck Industry Market By Vehicle Type, 2020-2029, (Usd Billion), (Thousand Units)
- Light-Duty Trucks
- Heavy-Duty Trucks
- Others
Hybrid Truck Industry Market By Region, 2020-2029, (Usd Billion), (Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives
- Increasing sales and Market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the hybrid truck industry market over the next 7 years?
- Who are the major players in the hybrid truck industry market and what is their market share?
- What are the end-use industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as asia-pacific, middle east, and africa?
- How is the economic environment affecting the hybrid truck industry market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the hybrid truck industry market?
- What is the current and forecasted size and growth rate of the global hybrid truck industry market?
- What are the key drivers of growth in the hybrid truck industry market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the hybrid truck industry market?
- What are the technological advancements and innovations in the hybrid truck industry market and their impact on Price Range development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the hybrid truck industry market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the hybrid truck industry market?
- What are the products offerings and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL HYBRID TRUCK INDUSTRY MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON HYBRID TRUCK INDUSTRY MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL HYBRID TRUCK INDUSTRY MARKET OUTLOOK
- GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TYPE, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- FULL HYBRID
- MILD HYBRID
- MICRO HYBRID
- GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- PARALLEL HYBRID
- SERIES HYBRID
- SERIES-PARALLEL HYBRID
- PLUG-IN HYBRID
- GLOBAL HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- LIGHT-DUTY TRUCKS
- HEAVY-DUTY TRUCKS
- OTHERS
- GLOBAL HYBRID TRUCK INDUSTRY MARKET BY REGION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- BYD MOTORS INC.
- GENERAL MOTORS
- EATON CORP.
- AZURE DYNAMICS CORP.
- NIKOLA MOTOR COMPANY
- DAIMLER AG
- FORD MOTOR COMPANY
- RENAULT TRUCKS
- LIEBHERR GROUP
- DAF TRUCKS*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 2 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 3 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 4 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 5 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 6 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 7 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY REGION (USD BILLION) 2020-2029
TABLE 8 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY REGION (THOUSAND UNITS) 2020-2029
TABLE 9 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 10 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 11 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 12 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 13 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 14 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 15 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 16 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 17 US HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 18 US HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 19 US HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 20 US HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 21 US HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 22 US HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 23 CANADA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 24 CANADA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 25 CANADA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 26 CANADA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 27 CANADA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 28 CANADA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 29 MEXICO HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 30 MEXICO HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 31 MEXICO HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 32 MEXICO HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 33 MEXICO HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 34 MEXICO HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 35 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 36 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 37 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 38 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 39 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 40 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 41 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 42 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 43 BRAZIL HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 44 BRAZIL HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 45 BRAZIL HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 46 BRAZIL HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 47 BRAZIL HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 48 BRAZIL HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 49 ARGENTINA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 50 ARGENTINA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 51 ARGENTINA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 52 ARGENTINA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 53 ARGENTINA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 54 ARGENTINA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 55 COLOMBIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 56 COLOMBIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 57 COLOMBIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 58 COLOMBIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 59 COLOMBIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 60 COLOMBIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 61 REST OF SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 62 REST OF SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 63 REST OF SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 64 REST OF SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 65 REST OF SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 66 REST OF SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 67 ASIA-PACIFIC HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 68 ASIA-PACIFIC HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 69 ASIA-PACIFIC HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 70 ASIA-PACIFIC HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 71 ASIA-PACIFIC HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 72 ASIA-PACIFIC HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 73 ASIA-PACIFIC HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 74 ASIA-PACIFIC HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 75 INDIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 76 INDIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 77 INDIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 78 INDIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 79 INDIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 80 INDIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 81 CHINA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 82 CHINA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 83 CHINA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 84 CHINA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 85 CHINA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 86 CHINA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 87 JAPAN HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 88 JAPAN HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 89 JAPAN HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 90 JAPAN HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 91 JAPAN HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 92 JAPAN HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 93 SOUTH KOREA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 94 SOUTH KOREA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 95 SOUTH KOREA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 96 SOUTH KOREA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 97 SOUTH KOREA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 98 SOUTH KOREA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 99 AUSTRALIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 100 AUSTRALIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 101 AUSTRALIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 102 AUSTRALIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 103 AUSTRALIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 104 AUSTRALIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 105 SOUTH-EAST ASIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 106 SOUTH-EAST ASIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 107 SOUTH-EAST ASIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 108 SOUTH-EAST ASIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 109 SOUTH-EAST ASIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 110 SOUTH-EAST ASIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 111 REST OF ASIA PACIFIC HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 112 REST OF ASIA PACIFIC HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 113 REST OF ASIA PACIFIC HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 114 REST OF ASIA PACIFIC HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 115 REST OF ASIA PACIFIC HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 116 REST OF ASIA PACIFIC HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 117 EUROPE HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 118 EUROPE HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 119 EUROPE HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 120 EUROPE HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 121 EUROPE HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 122 EUROPE HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 123 EUROPE HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 124 EUROPE HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 125 GERMANY HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 126 GERMANY HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 127 GERMANY HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 128 GERMANY HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 129 GERMANY HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 130 GERMANY HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 131 UK HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 132 UK HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 133 UK HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 134 UK HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 135 UK HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 136 UK HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 137 FRANCE HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 138 FRANCE HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 139 FRANCE HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 140 FRANCE HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 141 FRANCE HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 142 FRANCE HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 143 ITALY HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 144 ITALY HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 145 ITALY HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 146 ITALY HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 147 ITALY HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 148 ITALY HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 149 SPAIN HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 150 SPAIN HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 151 SPAIN HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 152 SPAIN HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 153 SPAIN HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 154 SPAIN HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 155 RUSSIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 156 RUSSIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 157 RUSSIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 158 RUSSIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 159 RUSSIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 160 RUSSIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 161 REST OF EUROPE HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 162 REST OF EUROPE HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 163 REST OF EUROPE HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 164 REST OF EUROPE HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 165 REST OF EUROPE HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 166 REST OF EUROPE HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 167 MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 168 MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 169 MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 170 MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 171 MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 172 MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 173 MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 174 MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 175 UAE HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 176 UAE HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 177 UAE HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 178 UAE HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 179 UAE HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 180 UAE HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 181 SAUDI ARABIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 182 SAUDI ARABIA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 183 SAUDI ARABIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 184 SAUDI ARABIA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 185 SAUDI ARABIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 186 SAUDI ARABIA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 187 SOUTH AFRICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 188 SOUTH AFRICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 189 SOUTH AFRICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 190 SOUTH AFRICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 191 SOUTH AFRICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 192 SOUTH AFRICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
TABLE 193 REST OF MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 194 REST OF MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 195 REST OF MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (USD BILLION) 2020-2029
TABLE 196 REST OF MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY (THOUSAND UNITS) 2020-2029
TABLE 197 REST OF MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 198 REST OF MIDDLE EAST AND AFRICA HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY, USD BILLION, 2020-2029
FIGURE 10 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE, USD BILLION, 2020-2029
FIGURE 11 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 12 PORTER’S FIVE FORCES MODEL
FIGURE 13 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TYPE, USD BILLION, 2021
FIGURE 14 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY TECHNOLOGY, USD BILLION, 2021
FIGURE 15 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY VEHICLE TYPE, USD BILLION, 2021
FIGURE 16 GLOBAL HYBRID TRUCK INDUSTRY MARKET BY REGION, USD BILLION, 2021
FIGURE 17 NORTH AMERICA HYBRID TRUCK INDUSTRY MARKETSNAPSHOT
FIGURE 18 EUROPE HYBRID TRUCK INDUSTRY MARKETSNAPSHOT
FIGURE 19 SOUTH AMERICA HYBRID TRUCK INDUSTRY MARKETSNAPSHOT
FIGURE 20 ASIA PACIFIC HYBRID TRUCK INDUSTRY MARKETSNAPSHOT
FIGURE 21 MIDDLE EAST ASIA AND AFRICA HYBRID TRUCK INDUSTRY MARKETSNAPSHOT
FIGURE 22 MARKET SHARE ANALYSIS
FIGURE 23 BYD MOTORS INC.: COMPANY SNAPSHOT
FIGURE 24 GENERAL MOTORS: COMPANY SNAPSHOT
FIGURE 25 EATON CORP.: COMPANY SNAPSHOT
FIGURE 26 AZURE DYNAMICS CORP.: COMPANY SNAPSHOT
FIGURE 27 NIKOLA MOTOR COMPANY: COMPANY SNAPSHOT
FIGURE 28 DAIMLER AG: COMPANY SNAPSHOT
FIGURE 29 FORD MOTOR COMPANY: COMPANY SNAPSHOT
FIGURE 30 RENAULT TRUCKS: COMPANY SNAPSHOT
FIGURE 31 LIEBHERR GROUP: COMPANY SNAPSHOT
FIGURE 32 DAF TRUCKS: COMPANY SNAPSHOT
FAQ
The hybrid truck industry market is expected to grow at 6.2% CAGR from 2022 to 2029. It is expected to reach above USD 40.12 Billion by 2029 from USD 23.35 Billion in 2020.
North America held more than 44% of the hybrid truck industry market revenue share in 2021 and will witness expansion in the forecast period.
The adoption of cutting-edge technology in both established and emerging nations around the world, as well as the notable expansion of the automotive industry, are the main reasons fueling the growth of the worldwide hybrid truck industry market.
North America dominates the market for hybrid heavy-duty vehicles as a result of the rigorous pollution control regulations in the United States and Canada. Also, the federal government has restricted the use of diesel-powered vehicles in the area, which is raising demand for system integration and the electrification of heavy-duty vehicles.
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