The global plug-in hybrid electric vehicles (PHEV) market size accounted for USD 145.08 billion in 2024, grew to USD 158.58 billion in 2025 and is predicted to surpass around USD 353.04 billion by 2034, representing a healthy CAGR of 9.30% between 2024 and 2034.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
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
5.1. COVID-19 Landscape: Plug-in Hybrid Electric Vehicles (PHEV) 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
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
8.1. Plug-in Hybrid Electric Vehicles (PHEV) Market, by Power Source, 2024-2034
8.1.1 Stored Electricity
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. On-board Electric Generator
8.1.2.1. Market Revenue and Forecast (2021-2034)
9.1. Plug-in Hybrid Electric Vehicles (PHEV) Market, by Powertrain, 2024-2034
9.1.1. Series Hybrid
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Parallel Hybrid
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Combined Hybrid
9.1.3.1. Market Revenue and Forecast (2021-2034)
10.1. Plug-in Hybrid Electric Vehicles (PHEV) Market, by Vehicle Type, 2024-2034
10.1.1. Passenger Cars
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Commercial Vehicles
10.1.2.1. Market Revenue and Forecast (2021-2034)
10.1.3. Two Wheelers
10.1.3.1. Market Revenue and Forecast (2021-2034)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2021-2034)
11.1. North America
11.1.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.1.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.1.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.1.4.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.1.4.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.1.5.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.1.5.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.2.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.2.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.2.4.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.2.4.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.2.5.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.2.5.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.2.6.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.2.6.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.2.7.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.2.7.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.3.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.3.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.3.4.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.3.4.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.3.5.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.3.5.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.3.6.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.3.6.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.3.7.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.3.7.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.4.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.4.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.4.4.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.4.4.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.4.5.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.4.5.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.4.6.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.4.6.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.4.7.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.4.7.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.5.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.5.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.5.4.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.5.4.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Power Source (2021-2034)
11.5.5.2. Market Revenue and Forecast, by Powertrain (2021-2034)
11.5.5.3. Market Revenue and Forecast, by Vehicle Type (2021-2034)
12.1. Nissan Motor Co., Ltd
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Mercedes-Benz Group AG
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. General Motors
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Volkswagen AG
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Renault Group
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Ford Motor Company
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. BMW Group
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. BMW Group
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. MITSUBISHI HEAVY INDUSTRIES, LTD
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. TOYOTA MOTOR CORPORATION
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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