Delray Beach, FL, July 08, 2025 (GLOBE NEWSWIRE) — The hybrid market is projected to grow from 14.8 million units in 2024 to 26.3 million units by 2030, at a CAGR of 10.0%, as per the recent study by MarketsandMarkets™. The hybrid market is expanding in Europe due to high emission targets set by the governing bodies of European countries. Moreover, EU7 has strict emission regulations, which have boosted the sales of hybrids in the region and will continue to be the primary reason for the growth. Moreover, hybrids are helping to smooth the transition from ICEs to BEVs. The hybrid product portfolio of OEMs is built to redefine the future of transportation solutions.
Browse in-depth TOC on “Hybrid Product Portfolio of OEMs”
10 – Tables
10 – Figures
70 – Pages
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List of Key Players in Hybrid Product Portfolio of OEMs:
- Toyota (Japan)
- BYD (China)
- Renault-Nissan-Mitsubishi (France)
- Hyundai Group (South Korea)
- Honda (Japan)
- Stellantis (Netherlands)
- Suzuki (Japan)
- Volkswagen (Germany)
- Geely Group (China)
- Mercedes-Benz (Germany)
- Great Wall Motors [GWM] (China)
- Li Auto (China)
- BMW Group (Germany)
- Ford Motors (US)
Drivers, Opportunities and Restrain in Hybrid Product Portfolio of OEMs:
- Driver: Stringent emission norms set by the governments
- Restraint: High cost compared to traditional ICE vehicles
- Opportunity: Advancements in battery technology will help the faster adoption of hybrids
Key Findings of the Study:
- The SUV segment is projected to lead the hybrid market during the forecast period.
- Europe is projected to …