APAC Mild-Hybrid Vehicles Market Share

Statistics for the 2023 & 2024 APAC Mild-Hybrid Vehicles market share, created by Mordor Intelligence™ Industry Reports. APAC Mild-Hybrid Vehicles share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of APAC Mild-Hybrid Vehicles Industry

The Asia-Pacific mild hybrid vehicles market is dominated by several key players such as Toyota Motor Corporation, Nissan Motor Company, Honda Motor Company, Hyundai Motor, and others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that may help with new technology. For instance, in September 2022, Volvo updated the SUVs and sedans model lineup for 2023, with each of the models now getting a petrol mild-hybrid drivetrain.

In June 2022, Maruti Suzuki India Limited announced that Toyota Motor Corporation and Suzuki Motor Corporation started production of a new SUV model developed by Suzuki at the Toyota Kirloskar Motor Pvt. Ltd. Bidadi plant. The powertrains of the new model to be on sale in India will be equipped with a mild hybrid developed by Suzuki and a strong hybrid developed by Toyota.

In November 2021, Vitesco Technologies opened its new research and development center in Tianjin, China. In Tianjin, Vitesco Technologies develops battery, motor, and electronic control systems for battery electric, full hybrid, and 48 V mild hybrid vehicles.

Asia Pacific Mild Hybrid Vehicles Market Leaders

  1. Toyota Motor Corporation

  2. Nissan Motor Co. Ltd

  3. The Hyundai Motor Company

  4. Volkswagen AG

  5. Suzuki Motor Corporation

*Disclaimer: Major Players sorted in no particular order

APAC Mild-Hybrid Vehicles Market Concentration

Asia-Pacific Mild Hybrid Vehicles Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)