Plug-In Hybrid Electric Passenger Vehicle Market Insights, Global Outlook and Forecast 2022-2028
Plug-In Hybrid Electric Passenger Vehicle Market Insights, Global Outlook and Forecast 2022-2028
Plug In Hybrid Electric Passenger Vehicle Market by End User (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, Other End Users), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast - is a comprehensive report that provides insights into the market dynamics, including the key drivers, challenges, and opportunities shaping the industry landscape. It also delves into the competitive landscape, highlighting the major players and their strategies.
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The latest research study released by Market IntelliX evaluates market size and forecasts of Plug-In Hybrid Electric Passenger Vehicle in global, including the following market information:
Global Plug-In Hybrid Electric Passenger Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Plug-In Hybrid Electric Passenger Vehicle Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Plug-In Hybrid Electric Passenger Vehicle companies in 2021 (%)
The global Plug-In Hybrid Electric Passenger Vehicle market was valued at 15750 million in 2021 and is projected to reach US$ 32130 million by 2028, at a CAGR of 10.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Range <= 100 km Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Plug-In Hybrid Electric Passenger Vehicle include General Motors, Toyota, Ford, Geely, Honda, Mitsubishi Group, BMW, Volkswagen Group and BYD, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Plug-In Hybrid Electric Passenger Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Plug-In Hybrid Electric Passenger Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Plug-In Hybrid Electric Passenger Vehicle Market Segment Percentages, by Type, 2021 (%)
Range <= 100 km
100 km< Range<200 km
200km <= Range
Global Plug-In Hybrid Electric Passenger Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Plug-In Hybrid Electric Passenger Vehicle Market Segment Percentages, by Application, 2021 (%)
Commercial
Household
Others
Global Plug-In Hybrid Electric Passenger Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Plug-In Hybrid Electric Passenger Vehicle Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Plug-In Hybrid Electric Passenger Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Plug-In Hybrid Electric Passenger Vehicle revenues share in global market, 2021 (%)
Key companies Plug-In Hybrid Electric Passenger Vehicle sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Plug-In Hybrid Electric Passenger Vehicle sales share in global market, 2021 (%)
The report presents profiles of competitors in the market, Some of the prominent key players covered:
General Motors
Toyota
Ford
Geely
Honda
Mitsubishi Group
BMW
Volkswagen Group
BYD
SAIC MOTOR
Mercedes-Benz
Hyundai Motor Group
Fiat Chrysler Automobiles
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Plug-In Hybrid Electric Passenger Vehicle Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Plug-In Hybrid Electric Passenger Vehicle Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Plug-In Hybrid Electric Passenger Vehicle Overall Market Size
2.1 Global Plug-In Hybrid Electric Passenger Vehicle Market Size: 2021 VS 2028
2.2 Global Plug-In Hybrid Electric Passenger Vehicle Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Plug-In Hybrid Electric Passenger Vehicle Sales: 2017-2028
3 Company Landscape
3.1 Top Plug-In Hybrid Electric Passenger Vehicle Players in Global Market
3.2 Top Global Plug-In Hybrid Electric Passenger Vehicle Companies Ranked by Revenue
3.3 Global Plug-In Hybrid Electric Passenger Vehicle Revenue by Companies
3.4 Global Plug-In Hybrid Electric Passenger Vehicle Sales by Companies
3.5 Global Plug-In Hybrid Electric Passenger Vehicle Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Plug-In Hybrid Electric Passenger Vehicle Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Plug-In Hybrid Electric Passenger Vehicle Product Type
3.8 Tier 1, Tier 2 and Tier 3 Plug-In Hybrid Electric Passenger Vehicle Players in Global Market
3.8.1 List of Global Tier 1 Plug-In Hybrid Electric Passenger Vehicle Companies
3.8.2 List of Global Tier 2 and Tier 3 Plug-In Hybrid Electric Passenger Vehicle Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Market Size Markets, 2021 & 2028
4.1.2 Range <= 100 km
4.1.3 100 km< Range<200 km
4.1.4 200km <= Range
4.2 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Revenue & Forecasts
4.2.1 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Revenue, 2017-2022
4.2.2 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Revenue, 2023-2028
4.2.3 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Revenue Market Share, 2017-2028
4.3 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Sales & Forecasts
4.3.1 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Sales, 2017-2022
4.3.2 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Sales, 2023-2028
4.3.3 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Sales Market Share, 2017-2028
4.4 By Type - Global Plug-In Hybrid Electric Passenger Vehicle Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Market Size, 2021 & 2028
5.1.2 Commercial
5.1.3 Household
5.1.4 Others
5.2 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Revenue & Forecasts
5.2.1 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Revenue, 2017-2022
5.2.2 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Revenue, 2023-2028
5.2.3 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Revenue Market Share, 2017-2028
5.3 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Sales & Forecasts
5.3.1 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Sales, 2017-2022
5.3.2 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Sales, 2023-2028
5.3.3 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Sales Market Share, 2017-2028
5.4 By Application - Global Plug-In Hybrid Electric Passenger Vehicle Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Market Size, 2021 & 2028
6.2 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Revenue & Forecasts
6.2.1 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Revenue, 2017-2022
6.2.2 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Revenue, 2023-2028
6.2.3 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Revenue Market Share, 2017-2028
6.3 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Sales & Forecasts
6.3.1 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Sales, 2017-2022
6.3.2 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Sales, 2023-2028
6.3.3 By Region - Global Plug-In Hybrid Electric Passenger Vehicle Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America Plug-In Hybrid Electric Passenger Vehicle Revenue, 2017-2028
6.4.2 By Country - North America Plug-In Hybrid Electric Passenger Vehicle Sales, 2017-2028
6.4.3 US Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.4.4 Canada Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.4.5 Mexico Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe Plug-In Hybrid Electric Passenger Vehicle Revenue, 2017-2028
6.5.2 By Country - Europe Plug-In Hybrid Electric Passenger Vehicle Sales, 2017-2028
6.5.3 Germany Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.5.4 France Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.5.5 U.K. Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.5.6 Italy Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.5.7 Russia Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.5.8 Nordic Countries Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.5.9 Benelux Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia Plug-In Hybrid Electric Passenger Vehicle Revenue, 2017-2028
6.6.2 By Region - Asia Plug-In Hybrid Electric Passenger Vehicle Sales, 2017-2028
6.6.3 China Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.6.4 Japan Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.6.5 South Korea Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.6.6 Southeast Asia Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.6.7 India Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America Plug-In Hybrid Electric Passenger Vehicle Revenue, 2017-2028
6.7.2 By Country - South America Plug-In Hybrid Electric Passenger Vehicle Sales, 2017-2028
6.7.3 Brazil Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.7.4 Argentina Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Plug-In Hybrid Electric Passenger Vehicle Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa Plug-In Hybrid Electric Passenger Vehicle Sales, 2017-2028
6.8.3 Turkey Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.8.4 Israel Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.8.5 Saudi Arabia Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
6.8.6 UAE Plug-In Hybrid Electric Passenger Vehicle Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 General Motors
7.1.1 General Motors Corporate Summary
7.1.2 General Motors Business Overview
7.1.3 General Motors Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.1.4 General Motors Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.1.5 General Motors Key News
7.2 Toyota
7.2.1 Toyota Corporate Summary
7.2.2 Toyota Business Overview
7.2.3 Toyota Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.2.4 Toyota Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.2.5 Toyota Key News
7.3 Ford
7.3.1 Ford Corporate Summary
7.3.2 Ford Business Overview
7.3.3 Ford Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.3.4 Ford Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.3.5 Ford Key News
7.4 Geely
7.4.1 Geely Corporate Summary
7.4.2 Geely Business Overview
7.4.3 Geely Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.4.4 Geely Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.4.5 Geely Key News
7.5 Honda
7.5.1 Honda Corporate Summary
7.5.2 Honda Business Overview
7.5.3 Honda Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.5.4 Honda Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.5.5 Honda Key News
7.6 Mitsubishi Group
7.6.1 Mitsubishi Group Corporate Summary
7.6.2 Mitsubishi Group Business Overview
7.6.3 Mitsubishi Group Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.6.4 Mitsubishi Group Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.6.5 Mitsubishi Group Key News
7.7 BMW
7.7.1 BMW Corporate Summary
7.7.2 BMW Business Overview
7.7.3 BMW Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.7.4 BMW Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.7.5 BMW Key News
7.8 Volkswagen Group
7.8.1 Volkswagen Group Corporate Summary
7.8.2 Volkswagen Group Business Overview
7.8.3 Volkswagen Group Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.8.4 Volkswagen Group Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.8.5 Volkswagen Group Key News
7.9 BYD
7.9.1 BYD Corporate Summary
7.9.2 BYD Business Overview
7.9.3 BYD Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.9.4 BYD Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.9.5 BYD Key News
7.10 SAIC MOTOR
7.10.1 SAIC MOTOR Corporate Summary
7.10.2 SAIC MOTOR Business Overview
7.10.3 SAIC MOTOR Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.10.4 SAIC MOTOR Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.10.5 SAIC MOTOR Key News
7.11 Mercedes-Benz
7.11.1 Mercedes-Benz Corporate Summary
7.11.2 Mercedes-Benz Plug-In Hybrid Electric Passenger Vehicle Business Overview
7.11.3 Mercedes-Benz Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.11.4 Mercedes-Benz Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.11.5 Mercedes-Benz Key News
7.12 Hyundai Motor Group
7.12.1 Hyundai Motor Group Corporate Summary
7.12.2 Hyundai Motor Group Plug-In Hybrid Electric Passenger Vehicle Business Overview
7.12.3 Hyundai Motor Group Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.12.4 Hyundai Motor Group Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.12.5 Hyundai Motor Group Key News
7.13 Fiat Chrysler Automobiles
7.13.1 Fiat Chrysler Automobiles Corporate Summary
7.13.2 Fiat Chrysler Automobiles Plug-In Hybrid Electric Passenger Vehicle Business Overview
7.13.3 Fiat Chrysler Automobiles Plug-In Hybrid Electric Passenger Vehicle Major Product Offerings
7.13.4 Fiat Chrysler Automobiles Plug-In Hybrid Electric Passenger Vehicle Sales and Revenue in Global (2017-2022)
7.13.5 Fiat Chrysler Automobiles Key News
8 Global Plug-In Hybrid Electric Passenger Vehicle Production Capacity, Analysis
8.1 Global Plug-In Hybrid Electric Passenger Vehicle Production Capacity, 2017-2028
8.2 Plug-In Hybrid Electric Passenger Vehicle Production Capacity of Key Manufacturers in Global Market
8.3 Global Plug-In Hybrid Electric Passenger Vehicle Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Plug-In Hybrid Electric Passenger Vehicle Supply Chain Analysis
10.1 Plug-In Hybrid Electric Passenger Vehicle Industry Value Chain
10.2 Plug-In Hybrid Electric Passenger Vehicle Upstream Market
10.3 Plug-In Hybrid Electric Passenger Vehicle Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Plug-In Hybrid Electric Passenger Vehicle Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
Research Methodology:
Plug In Hybrid Electric Passenger Vehicle Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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