Hybrid Electric Vehicle Sales in Europe and Opportunity Analysis (2024 - 2034)
Study on Hybrid Electric Vehicles in Europe by Stored and On-Board Power in Passenger Cars, Two-wheelers, and Commercial Vehicles from 2024 to 2034
Core Findings
FREE CustomizationHybrid Electric Vehicle Sales Outlook for Europe (2024 to 2034)
As revealed in a recently updated market analysis by Fact.MR, revenue from the sales of hybrid electric vehicles in Europe is projected to reach US$ 5.09 billion in 2024. The market has been forecasted to expand at a CAGR of 14.2% and reach US$ 19.21 billion by the end of 2034.
Increasing environmental concerns and surging requirements for sustainable development along with supportive measures and government subsidies for electric vehicles are contributing to the increasing demand for hybrid electric vehicles. The growing adoption of electric vehicles with increasing initiatives against environmental protection is supporting market growth.
Several countries in Europe have affiliated with a project, ECOCHAMPS. The consortium of 26 partners in ECOCHAMPS is significantly adopting hybrid powertrain technology. Surging use of the technology is expected to help in reducing CO2 emissions caused by transportation and improve air quality. Improved functionalities lead to the introduction of more advanced and efficient hybrid electric vehicles in the regional market.
- As per a report published by KBA (Federal Motor Transport Authority), sales of electric vehicles increased three-fold to 194,163 units in Germany in 2020.
| Report Attributes | Details |
|---|---|
| Hybrid Electric Vehicle Sales in Europe (2024E) | US$ 5.09 Billion |
| Projected Sales (2034F) | US$ 19.21 Billion |
| Demand Growth (2024 to 2034) | 14.2% CAGR |
| Sales of Stored Electricity-based Hybrid Electric Vehicles (2034F) | US$ 11.51 Billion |
| Market Share of Passenger Cars (2034F) | 62.8% |
| Sales in France (2034F) | US$ 2.94 Billion |
| Sales in Russia (2034F) | US$ 818 Million |
| Key Companies Profiled | Robert Bosch GmbH; Bayerische Motoren Werke AG; Schaeffler AG; Volkswagen AG; ZF Friedrichshafen AG; Daimler AG; Continental AG; Renault SA; Delphi Technologies Inc. |
What is Responsible for Growing Demand for Hybrid Electric Vehicles in Europe?
“Increasing Government Subsidies for Electric Vehicles”
Governments in more countries in Europe are providing subsidies, such as tax rebates and incentives for consumers to opt for hybrid electric vehicles. Increasing demand for zero or low-emission vehicles and the implementation of stringent regulation standards are also driving market growth. Governments in the regional countries are taking initiatives to reduce emissions of greenhouse gases and their effects. In addition, efforts to improve the fuel economy of vehicles are also driving demand for hybrid electric vehicles.
“Focus on Developing Specialized Lubricants to Meet Unique Lubrication and Cooling Needs”
Some of the key market players are focusing on offering an innovative line of fluids and lubricants for electric and hybrid cars. They are launching a wide range of fluids, specifically designed for electric and hybrid vehicles, matching the lubrication, and cooling requirements of modern as well as differently abled engines. It ensures maintaining peak conditions throughout the lifecycle of the engines. Temperature constraint solutions, dielectric properties of engines, and lubrication for transmission are some key fulfilling applications of these more advanced vehicles.
More companies are working on the development of low-carbon solutions for LNG (liquefied natural gas) and offshore facilities, thereby accelerating energy transitions. These factors are contributing significantly to increased demand for hybrid electric vehicles.
Which Key Challenge is Encountered by Market Players in Europe?
“Accelerating Demand for FCEVs and BEVs”
Growing demand for FCEVs (fuel cell electric vehicles) and BEVs (battery electric vehicles) is creating challenges for the manufacturers of hybrid electric vehicles. There are several types and models of BEVs, such as sedans, SUVs, and hatchbacks in passenger cars. Automotive manufacturers in the region, such as Volkswagen and others, are focusing on the development of BEVs to generate more profit, which is adversely impacting demand for hybrid electric vehicles.
Country-wise Insights
Why is Demand for Hybrid Electric Vehicles Rising Rapidly in Germany?
“Growing Preference for Fuel-efficient Automobiles Due to Rising Environmental Concerns”
| Attribute | Germany |
|---|---|
| Market Value (2024E) | US$ 837 Million |
| Growth Rate (2024 to 2034) | 11.4% CAGR |
| Projected Value (2034F) | US$ 2.45 Billion |
Germany is evaluated to account for 12.8% share of the market in Europe by the end of 2034. This noteworthy growth in the country is attributed to several factors, such as a growing preference for fuel-efficient automobiles along with increasing environmental concerns. An increased emphasis has been given to the development of advanced technologies and innovative designs for manufacturing zero or low-emission vehicles with soundless operations and high-performance engines.
Will France Emerge as a Hub for Hybrid Electric Vehicle Manufacturers?
“Government Initiatives Promoting Sustainable Development”
| Attribute | France |
|---|---|
| Market Value (2024E) | US$ 744 Million |
| Growth Rate (2024 to 2034) | 14.7% CAGR |
| Projected Value (2034F) | US$ 2.94 Billion |
France is forecasted to occupy 15.3% share of the Europe market by 2034. Favorable government initiatives are imposed for sustainable development to promote the adoption of electric vehicles. Increasing sales of hybrid electric vehicles are driven by the provision of parking privileges, tax benefits, rebates, utility rate reductions, and other factors in France.
Category-wise Insights
Which Vehicle Category Accounts for a Substantial Market Share?
“Passenger Hybrid Electric Cars Enabling Fuel Cost Savings”
| Attribute | Passenger Cars |
|---|---|
| Segment Value (2024E) | US$ 3.47 Billion |
| Growth Rate (2024 to 2034) | 13.3% CAGR |
| Projected Value (2034F) | US$ 12.06 Billion |
According to the recently updated analysis by Fact.MR, a market research and competitive intelligence provider, passenger cars are evaluated to account for 62.8% share of the Europe market by 2034. Growing demand for hybrid electric passenger cars is attributed to the active involvement of more market players in launching new vehicles in use case areas, including taxis. In addition, these cars are good for stop-and-go driving, where electric motors have intermittent use enabling fuel cost savings. Thus, there is a growing preference for hybrid electric passenger cars in the region.
Why are Stored Electricity-based Hybrid Electric Vehicles Popular?
“Preference for Stored Electricity-based Hybrid Electric Vehicles for Higher Energy Efficiency”
| Attribute | Stored Electricity |
|---|---|
| Segment Value (2024E) | US$ 2.92 Billion |
| Growth Rate (2024 to 2034) | 14.7% CAGR |
| Projected Value (2034F) | US$ 11.51 Billion |
Based on power source, stored electricity-based hybrid electric vehicles are analyzed to capture a share of 59.9% of the regional market by 2034. Vehicles based on stored energy are becoming popular for their fuel economy. In addition, modern hybrid electric vehicles generally use technologies for efficiency improvement, such as regenerative brakes, which help in converting the kinetic energy of vehicles to electric energy, which is stored in a supercapacitor or battery.
Competition Landscape
The Europe market is at a nascent stage with growing investments by manufacturers of hybrid electric vehicles. In addition, supportive government regulations and policies promoting the adoption of hybrid electric vehicles are also creating lucrative opportunities for market players in the region.
For instance
- Volkswagen AG, in 2022, acquired one-fourth of stakes in 24M Technologies for expanding its electric vehicle business. The company also invested in QuantumScape, a start-up offering batteries.
- Robert Bosch GmbH, in 2021, came up with new technology in electric motors and inverters equipped with silicone carbide technology with improved effectiveness. The company is expanding its production capacities in fuel cells used in trucks and cars.
Fact.MR provides detailed information about the price points of leading companies manufacturing hybrid electric vehicles in the European market, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.
Segmentation of Hybrid Electric Vehicle Study in Europe
-
By Vehicle Type:
- Passenger Cars
- Two-wheelers
- Commercial Vehicles
-
By Power Source:
- Stored
- On-Board
-
By Power Train:
- Series
- Parallel
- Combined
-
By Region/Country:
- Western Europe
- Germany
- Italy
- France
- United Kingdom
- Spain
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Hungary
- Poland
- Balkan & Baltics
- Rest of Eastern Europe
- Western Europe
Table of Content
- 1. Europe Industry - Executive Summary
- 2. Europe Industry Overview
- 3. Industry Background and Data Points
- 4. Europe Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 5. Europe Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Vehicle Type
- 5.1. Passenger Cars
- 5.2. Two-wheelers
- 5.3. Commercial Vehicles
- 6. Europe Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Power Source
- 6.1. Stored
- 6.2. On-Board
- 7. Europe Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Power Train
- 7.1. Series
- 7.2. Parallel
- 7.3. Combined
- 8. Europe Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Country
- 8.1. Germany
- 8.2. France
- 8.3. BENELUX
- 8.4. Italy
- 8.5. Spain
- 8.6. The United Kingdom
- 8.7. Russia
- 8.8. Rest of Europe
- 9. Germany Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 10. France Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. BENELUX Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. Italy Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Spain Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. The United Kingdom Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Russia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. Industry Structure Analysis
- 17. Competition Analysis
- 17.1. Robert Bosch GmbH
- 17.2. Bayerische Motoren Werke AG
- 17.3. Schaeffler AG
- 17.4. Volkswagen AG
- 17.5. ZF Friedrichshafen AG
- 17.6. Daimler AG
- 17.7. Continental AG
- 17.8. Renault SA
- 17.9. Delphi Technologies Inc.
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
List Of Table
Table 1: Europe Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 2: Europe Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 3: Europe Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 4: Europe Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 5: Europe Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 6: Europe Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 7: Europe Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 8: Europe Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 9: Europe Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
Table 10: Europe Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 11: Europe Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: Europe Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: Germany Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 14: Germany Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 15: Germany Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 16: Germany Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 17: Germany Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 18: Germany Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 19: Germany Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 20: Germany Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 21: Germany Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
Table 22: France Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 23: France Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 24: France Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 25: France Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 26: France Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 27: France Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 28: France Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 29: France Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 30: France Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
Table 31: BENELUX Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 32: BENELUX Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 33: BENELUX Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 34: BENELUX Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 35: BENELUX Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 36: BENELUX Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 37: BENELUX Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 38: BENELUX Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 39: BENELUX Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
Table 40: Italy Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 41: Italy Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 42: Italy Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 43: Italy Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 44: Italy Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 45: Italy Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 46: Italy Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 47: Italy Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 48: Italy Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
Table 49: Spain Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 50: Spain Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 51: Spain Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 52: Spain Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 53: Spain Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 54: Spain Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 55: Spain Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 56: Spain Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 57: Spain Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
Table 58: The United Kingdom Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 59: The United Kingdom Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 60: The United Kingdom Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 61: The United Kingdom Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 62: The United Kingdom Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 63: The United Kingdom Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 64: The United Kingdom Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 65: The United Kingdom Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 66: The United Kingdom Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
Table 67: Russia Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 68: Russia Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 69: Russia Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 70: Russia Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 71: Russia Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 72: Russia Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 73: Russia Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 74: Russia Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 75: Russia Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
Table 76: Rest of Europe Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023
Table 77: Rest of Europe Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034
Table 78: Rest of Europe Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034
Table 79: Rest of Europe Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023
Table 80: Rest of Europe Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034
Table 81: Rest of Europe Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034
Table 82: Rest of Europe Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023
Table 83: Rest of Europe Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034
Table 84: Rest of Europe Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034
List Of Figures
Figure 1: Europe Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 2: Europe Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 3: Europe Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 4: Europe Industry Incremental $ Opportunity, 2024 to 2034
Figure 5: Europe Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 6: Europe Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 7: Europe Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 8: Europe Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 9: Europe Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 10: Europe Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 11: Europe Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 12: Europe Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 13: Europe Industry Attractiveness Analysis by Power Train, 2024 to 2034
Figure 14: Europe Industry Share and BPS Analysis by Country, 2024 & 2034
Figure 15: Europe Industry Y-o-Y Growth Projections by Country, 2024 to 2034
Figure 16: Europe Industry Attractiveness Analysis by Country, 2024 to 2034
Figure 17: Germany Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 18: Germany Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: Germany Industry Value Y-o-Y Growth and Forecast, 2034
Figure 20: Germany Industry Incremental $ Opportunity, 2024 to 2034
Figure 21: Germany Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 22: Germany Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 23: Germany Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 24: Germany Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 25: Germany Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 26: Germany Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 27: Germany Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 28: Germany Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 29: Germany Industry Attractiveness Analysis by Power Train, 2024 to 2034
Figure 30: France Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 31: France Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 32: France Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 33: France Industry Incremental $ Opportunity, 2024 to 2034
Figure 34: France Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 35: France Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 36: France Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 37: France Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 38: France Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 39: France Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 40: France Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 41: France Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 42: France Industry Attractiveness Analysis by Power Train, 2024 to 2034
Figure 43: BENELUX Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 44: BENELUX Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 45: BENELUX Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 46: BENELUX Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 47: BENELUX Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 48: BENELUX Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 49: BENELUX Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 50: BENELUX Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 51: BENELUX Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 52: BENELUX Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 53: BENELUX Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 54: BENELUX Industry Attractiveness Analysis by Power Train, 2024 to 2034
Figure 55: Italy Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 56: Italy Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 57: Italy Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 58: Italy Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 59: Italy Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 60: Italy Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 61: Italy Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 62: Italy Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 63: Italy Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 64: Italy Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 65: Italy Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 66: Italy Industry Attractiveness Analysis by Power Train, 2024 to 2034
Figure 67: Spain Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 68: Spain Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 69: Spain Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 70: Spain Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 71: Spain Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 72: Spain Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 73: Spain Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 74: Spain Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 75: Spain Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 76: Spain Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 77: Spain Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 78: Spain Industry Attractiveness Analysis by Power Train, 2024 to 2034
Figure 79: The United Kingdom Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 80: The United Kingdom Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: The United Kingdom Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 82: The United Kingdom Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 83: The United Kingdom Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 84: The United Kingdom Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 85: The United Kingdom Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 86: The United Kingdom Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 87: The United Kingdom Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 88: The United Kingdom Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 89: The United Kingdom Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 90: The United Kingdom Industry Attractiveness Analysis by Power Train, 2024 to 2034
Figure 91: Russia Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 92: Russia Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 93: Russia Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 94: Russia Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 95: Russia Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 96: Russia Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 97: Russia Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 98: Russia Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 99: Russia Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 100: Russia Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 101: Russia Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 102: Russia Industry Attractiveness Analysis by Power Train, 2024 to 2034
Figure 103: Rest of Europe Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 104: Rest of Europe Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 105: Rest of Europe Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 106: Rest of Europe Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034
Figure 107: Rest of Europe Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034
Figure 108: Rest of Europe Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034
Figure 109: Rest of Europe Industry Share and BPS Analysis by Power Source, 2024 & 2034
Figure 110: Rest of Europe Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034
Figure 111: Rest of Europe Industry Attractiveness Analysis by Power Source, 2024 to 2034
Figure 112: Rest of Europe Industry Share and BPS Analysis by Power Train, 2024 & 2034
Figure 113: Rest of Europe Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034
Figure 114: Rest of Europe Industry Attractiveness Analysis by Power Train, 2024 to 2034
- FAQs -
What is the sales value of hybrid electric vehicles in Europe in 2024?
Sales of hybrid electric vehicles in Europe are set to reach US$ 5.09 billion in 2024.
What is the projection for hybrid electric vehicles in Europe by 2034?
The market in Europe is forecasted to climb to US$ 19.21 billion by the end of 2034.
At what rate is the demand for hybrid electric vehicles expected to rise?
Demand for hybrid electric vehicles in Europe is forecasted to increase at 14.2% CAGR through 2034.
What is the contribution of France to the market share in Europe?
France is projected to hold 15.3% share of the market in Europe by the end of 2034.
What are the projected sales of hybrid electric passenger cars in Europe by 2034?
Sales of hybrid electric passenger cars are evaluated to reach US$ 12.06 billion by 2034-end.
At what rate is the demand for hybrid electric vehicles projected to increase in Russia?
Demand for hybrid electric vehicles in Russia is forecasted to rise at a CAGR of 16% from 2024 to 2034.
Who are some of the key market players in Europe?
Some key market players in Europe are Schaeffler AG, Volkswagen AG, ZF Friedrichshafen AG, Daimler AG, and Continental AG.
What are some issues hindering EV adoption in Europe?
The market in Europe is impacted by economic uncertainty, inadequate infrastructure, and high prices, which are slowing down EV adoption.
Related Reports
Hybrid Electric Vehicle Sales in Europe and Opportunity Analysis