Car Market: Global Industry Analysis, Trends, Market Size and Forecasts
up to 2024” report has been added to ResearchAndMarkets.com’s
The report on global hybrid car market provides qualitative and
quantitative analysis for the period of 2016 to 2024. The report
predicts the global hybrid car market to grow with a CAGR of 16.6% over
the forecast period of 2018-2024.
The study on hybrid car market covers the analysis of the leading
geographies such as North America, Europe, Asia-Pacific and RoW for the
period of 2016 to 2024.
The report on hybrid car market is a comprehensive study and
presentation of drivers, restraints, opportunities, demand factors,
market size, forecasts, and trends in the global hybrid car market over
the period of 2016 to 2024.
Rising concerns over increasing air pollutions has resulted to shift
towards eco-friendly vehicles. Also stringent emission standards in
various countries and government encouragement in adoption of hybrid
cars by providing subsides and incentives are some of the factors that
are driving the growth of the hybrid car market.
However high cost of hybrid cars, ease and diverse availability of ICE
cars may hamper the growth of the hybrid car market. Technological
advancements in hybrid cars and reduction in pricing of hybrid cars can
create huge opportunities in near future.
Geographically, Asia Pacific accounted for the largest market share in
2017, in terms of revenue. The increasing awareness among consumers
regarding the benefits of eco-friendly vehicles, particularly in China
and Japan, coupled with government’s incentives and subsidies are
facilitating the dominance for Asia Pacific hybrid cars market.
North America and Europe region are expected to grow at the moderate
rate during the forecast period.
For more information about this report visit https://www.researchandmarkets.com/research/33wrwr/global_hybrid_car?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005268/en/