How big is the APAC Mild-Hybrid Vehicles Market?

The APAC Mild-Hybrid Vehicles Market size is expected to reach USD 22.71 billion in 2024 and grow at a CAGR of 18.88% to reach USD 66.91 billion by 2029. Read More

What is the current APAC Mild-Hybrid Vehicles Market size?

In 2024, the APAC Mild-Hybrid Vehicles Market size is expected to reach USD 22.71 billion. Read More

Who are the key players in APAC Mild-Hybrid Vehicles Market?

Toyota Motor Corporation, Nissan Motor Co. Ltd, The Hyundai Motor Company, Volkswagen AG and Suzuki Motor Corporation are the major companies operating in the APAC Mild-Hybrid Vehicles Market. Read More

What years does this APAC Mild-Hybrid Vehicles Market cover, and what was the market size in 2023?

In 2023, the APAC Mild-Hybrid Vehicles Market size was estimated at USD 18.42 billion. The report covers the APAC Mild-Hybrid Vehicles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APAC Mild-Hybrid Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

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.

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.