Alternative Fuel and Hybrid Vehicle Market Size, Share, and Trends 2024 to 2034

The global alternative fuel and hybrid vehicle market size accounted for USD 678.60 billion in 2024, grew to USD 942.57 billion in 2025 and is predicted to surpass around USD 18139.85 billion by 2034, representing a healthy CAGR of 38.90% between 2024 and 2034.

  • Last Updated : December 2024
  • Report Code : 2184
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Alternative Fuel and Hybrid Vehicle Market 

5.1. COVID-19 Landscape: Alternative Fuel and Hybrid Vehicle Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Alternative Fuel and Hybrid Vehicle Market, By Fuel Type

8.1. Alternative Fuel and Hybrid Vehicle Market, by Fuel Type, 2024-2034

8.1.1 Hybrid Vehicles

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Plugin Hybrid Vehicles

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Battery Electric Vehicles

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Heavy Commercial Vehicles

8.1.4.1. Market Revenue and Forecast (2021-2034)

8.1.5. Others (Fuels, Gaseous, Biofuels)

8.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Alternative Fuel and Hybrid Vehicle Market, By Vehicle Type

9.1. Alternative Fuel and Hybrid Vehicle Market, by Vehicle Type, 2024-2034

9.1.1. Passenger Cars

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Light Commercial Vehicles

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Heavy Commercial Vehicles

9.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Alternative Fuel and Hybrid Vehicle Market, By Vehicle Class 

10.1. Alternative Fuel and Hybrid Vehicle Market, by Vehicle Class, 2024-2034

10.1.1. Economical vehicles

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Mid-priced vehicles

10.1.2.1. Market Revenue and Forecast (2021-2034)

10.1.3. Luxury vehicles

10.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Alternative Fuel and Hybrid Vehicle Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.1.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.1.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.1.4.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.1.4.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.1.5.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.1.5.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.2.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.2.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.2.4.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.2.4.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.2.5.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.2.5.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.2.6.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.2.6.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.2.7.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.2.7.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.3.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.3.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.3.4.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.3.4.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.3.5.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.3.5.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.3.6.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.3.6.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.3.7.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.3.7.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.4.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.4.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.4.4.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.4.4.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.4.5.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.4.5.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.4.6.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.4.6.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.4.7.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.4.7.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.5.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.5.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.5.4.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.5.4.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Fuel Type (2021-2034)

11.5.5.2. Market Revenue and Forecast, by Vehicle Type (2021-2034)

11.5.5.3. Market Revenue and Forecast, by Vehicle Class (2021-2034)

Chapter 12. Company Profiles

12.1. Jaguar Land Rover Automotive Plc

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Shell International

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Mitsubishi Motors Corporation

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Ford Motor Company

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. BYD Company Ltd

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Tesla

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Daimler AG

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Nissan Motor Corporation

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Toyota Motor Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Honda Motor Co, Ltd

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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