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Global Micro-Hybrid Vehicle Market to reach USD xx billion by the end of 2030

Global Micro-Hybrid Vehicle Market Size study & Forecast, by Capacity (48 Volt, 12 Volt, Others), by Battery type (Lithium ion, Lead based, Others), by Vehicle type (Light vehicles, Heavy vehicles) and Regional Analysis, 2023-2030

Product Code: ALTPCV-88305439
Publish Date: 20-10-2023
Page: 200

Global Micro-Hybrid Vehicle Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. A micro-hybrid vehicle, also known as a start-stop vehicle, is a type of automotive technology designed to improve fuel efficiency and reduce emissions. It is considered a mild hybrid system because it provides a level of electrification without the capability of full-electric driving. The Micro-Hybrid Vehicle market is expanding because of factors such as rising demand for lithium-ion batteries and a growing number of passenger vehicles. Its importance has progressively increased during the forecast period 2023-2030.

In some micro-hybrid vehicles, the start-stop system is complemented by regenerative braking technology. During braking or deceleration, the system stores kinetic energy as electrical energy in the lithium-ion battery. This stored energy can then be used to power vehicle accessories or assist in engine restarts and improves fuel efficiency. According to Statista, the global lithium-ion battery market accounts for USD 40.5 billion in 2020. The market is expected to grow at a rate of 14.6%, reaching around USD 92 billion by the year 2026. Furthermore, in 2030, China’s demand for lithium-ion batteries for electric vehicles is estimated to reach 740 GWh. This accounts for about half of the global demand for lithium-ion batteries used in electric vehicles that year. Another important factor that drives the Micro-Hybrid Vehicle market is the increasing number of passenger vehicles. Micro-hybrid vehicles are well-suited for urban mobility due to their ability to save fuel in congested city traffic and reduce emissions in areas with high population density. They offer a practical solution to address the challenges of urban transportation. In addition, as per Statista, in 2022, A total of 57.5 million passenger automobiles were purchased, reflecting a year-on-year growth of 1.9%. In 2022, Chinese travelers purchased approximately 23.56 million passenger cars. Moreover, rising stringent emission standards and technological advancement in high-performance lithium-ion batteries are anticipated to create lucrative growth opportunities for the market over the forecast period. However, less availability of charging infrastructure and the high initial cost of Micro-Hybrid Vehicles stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Micro-Hybrid Vehicle Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to government initiatives towards the adoption of electric vehicles, including environmental concerns, government regulations, consumer preferences, and advancements in automotive technology in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing population and stringent government emission norms in the region.

Major market player included in this report are:

Fiat Automobiles S.p.A.
Fuji Heavy Industries Ltd
General Motors Company
Toyota Motor Corporation
Hyundai Motor Company
Mercedes-Benz Group AG
Nissan Motor Co., Ltd
Jaguar Land Rover Automotive PLC
Audi AG
Bayerische Motoren Werke AG

Recent Developments in the Market:
Ø In July 2023, Hyundai India has officially announced the name of their upcoming compact SUV as the Exter. This new addition to Hyundai’s lineup is scheduled to commence series production in July, indicating its anticipated market debut in August of this year. The Exter, previously referred to as the Ai3 micro-SUV, is set to be manufactured in India with plans for future exports to neighbouring countries.

Global Micro-Hybrid Vehicle Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Capacity, Battery type, Vehicle type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Capacity
48 Volt
12 Volt

By Battery type
Lithium ion
Lead based

By Vehicle type
Light vehicles
Heavy vehicles

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Micro-Hybrid Vehicle Market, by Region, 2020-2030 (USD Billion)
1.2.2. Micro-Hybrid Vehicle Market, by Capacity, 2020-2030 (USD Billion)
1.2.3. Micro-Hybrid Vehicle Market, by Battery type, 2020-2030 (USD Billion)
1.2.4. Micro-Hybrid Vehicle Market, by Vehicle type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Micro-Hybrid Vehicle Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Micro-Hybrid Vehicle Market Dynamics
3.1. Micro-Hybrid Vehicle Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising demand of lithium-ion batteries Growing number of passenger vehicles
3.1.2. Market Challenges Less availability of charging infrastructure High initial cost of Micro-Hybrid Vehicles
3.1.3. Market Opportunities Rising stringent emission standards Technological advancement in high-performance lithium-ion batteries
Chapter 4. Global Micro-Hybrid Vehicle Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Micro-Hybrid Vehicle Market, by Capacity
5.1. Market Snapshot
5.2. Global Micro-Hybrid Vehicle Market by Capacity, Performance – Potential Analysis
5.3. Global Micro-Hybrid Vehicle Market Estimates & Forecasts by Capacity 2020-2030 (USD Billion)
5.4. Micro-Hybrid Vehicle Market, Sub Segment Analysis
5.4.1. 48 Volt
5.4.2. 12 Volt
5.4.3. Others
Chapter 6. Global Micro-Hybrid Vehicle Market, by Battery type
6.1. Market Snapshot
6.2. Global Micro-Hybrid Vehicle Market by Battery type, Performance – Potential Analysis
6.3. Global Micro-Hybrid Vehicle Market Estimates & Forecasts by Battery type 2020-2030 (USD Billion)
6.4. Micro-Hybrid Vehicle Market, Sub Segment Analysis
6.4.1. Lithium ion
6.4.2. Lead based
6.4.3. Others
Chapter 7. Global Micro-Hybrid Vehicle Market, by Vehicle type
7.1. Market Snapshot
7.2. Global Micro-Hybrid Vehicle Market by Vehicle type, Performance – Potential Analysis
7.3. Global Micro-Hybrid Vehicle Market Estimates & Forecasts by Vehicle type 2020-2030 (USD Billion)
7.4. Micro-Hybrid Vehicle Market, Sub Segment Analysis
7.4.1. Light vehicles
7.4.2. Heavy vehicles
Chapter 8. Global Micro-Hybrid Vehicle Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Micro-Hybrid Vehicle Market, Regional Market Snapshot
8.4. North America Micro-Hybrid Vehicle Market
8.4.1. U.S. Micro-Hybrid Vehicle Market Capacity breakdown estimates & forecasts, 2020-2030 Battery type breakdown estimates & forecasts, 2020-2030 Vehicle type breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Micro-Hybrid Vehicle Market
8.5. Europe Micro-Hybrid Vehicle Market Snapshot
8.5.1. U.K. Micro-Hybrid Vehicle Market
8.5.2. Germany Micro-Hybrid Vehicle Market
8.5.3. France Micro-Hybrid Vehicle Market
8.5.4. Spain Micro-Hybrid Vehicle Market
8.5.5. Italy Micro-Hybrid Vehicle Market
8.5.6. Rest of Europe Micro-Hybrid Vehicle Market
8.6. Asia-Pacific Micro-Hybrid Vehicle Market Snapshot
8.6.1. China Micro-Hybrid Vehicle Market
8.6.2. India Micro-Hybrid Vehicle Market
8.6.3. Japan Micro-Hybrid Vehicle Market
8.6.4. Australia Micro-Hybrid Vehicle Market
8.6.5. South Korea Micro-Hybrid Vehicle Market
8.6.6. Rest of Asia Pacific Micro-Hybrid Vehicle Market
8.7. Latin America Micro-Hybrid Vehicle Market Snapshot
8.7.1. Brazil Micro-Hybrid Vehicle Market
8.7.2. Mexico Micro-Hybrid Vehicle Market
8.8. Middle East & Africa Micro-Hybrid Vehicle Market
8.8.1. Saudi Arabia Micro-Hybrid Vehicle Market
8.8.2. South Africa Micro-Hybrid Vehicle Market
8.8.3. Rest of Middle East & Africa Micro-Hybrid Vehicle Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Fiat Automobiles S.p.A. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Fuji Heavy Industries Ltd
9.3.3. General Motors Company
9.3.4. Toyota Motor Corporation
9.3.5. Hyundai Motor Company
9.3.6. Mercedes-Benz Group AG
9.3.7. Nissan Motor Co., Ltd
9.3.8. Jaguar Land Rover Automotive PLC
9.3.9. Audi AG
9.3.10. Bayerische Motoren Werke AG
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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