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COVID-19 Impacts: Hybrid Electric Vehicle Conversion Kit Market will Accelerate at a CAGR of almost 13% through 2020-2024 | Enforcement of Regulations to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Sep 8, 2020--

Technavio has been monitoring the hybrid electric vehicle conversion kit market and it is poised to grow by 27.70 thousand units during 2020-2024, progressing at a CAGR of almost 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200908005624/en/

Technavio has announced its latest market research report titled Global Hybrid Electric Vehicle Conversion Kit Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A123 Systems LLC, ALTe Technologies, Altigreen Propulsion Labs Pvt. Ltd., Enginer, EVDrive, Hybrid Design Services Inc., IX Energy Pvt. Ltd., KPIT Technologies Ltd., Odyne Systems LLC, and XL Hybrids Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The enforcement of regulations has been instrumental in driving the growth of the market. However, issues pertaining to mile range and battery performance of converted hybrid vehicles might hamper the market growth.

Hybrid Electric Vehicle Conversion Kit Market 2020-2024: Segmentation

Hybrid Electric Vehicle Conversion Kit Market is segmented as below:

  • Application
    • Commercial Vehicles
    • Passenger Cars
  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR44629

Hybrid Electric Vehicle Conversion Kit Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our hybrid electric vehicle conversion kit market report covers the following areas:

  • Hybrid Electric Vehicle Conversion Kit Market size
  • Hybrid Electric Vehicle Conversion Kit Market trends
  • Hybrid Electric Vehicle Conversion Kit Market industry analysis

This study identifies the growing development of solar hybrid electric cars as one of the prime reasons driving the hybrid electric vehicle conversion kit market growth during the next few years.

Hybrid Electric Vehicle Conversion Kit Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the hybrid electric vehicle conversion kit market, including some of the vendors such as A123 Systems LLC, ALTe Technologies, Altigreen Propulsion Labs Pvt. Ltd., Enginer, EVDrive, Hybrid Design Services Inc., IX Energy Pvt. Ltd., KPIT Technologies Ltd., Odyne Systems LLC, and XL Hybrids Inc. Backed with competitive intelligence and benchmarking, our research reports on the Hybrid Electric Vehicle Conversion Kit Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Hybrid Electric Vehicle Conversion Kit Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist hybrid electric vehicle conversion kit market growth during the next five years
  • Estimation of the hybrid electric vehicle conversion kit market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the hybrid electric vehicle conversion kit market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hybrid electric vehicle conversion kit market vendors

Table Of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Commercial vehicles - Market size and forecast 2019-2024
  • Passenger cars - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • A123 Systems LLC
  • ALTe Technologies
  • Altigreen Propulsion Labs Pvt. Ltd.
  • Enginer
  • EVDrive
  • Hybrid Design Services Inc.
  • IX Energy Pvt. Ltd.
  • KPIT Technologies Ltd.
  • Odyne Systems LLC
  • XL Hybrids Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200908005624/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 09/08/2020 10:15 AM/DISC: 09/08/2020 10:15 AM

http://www.businesswire.com/news/home/20200908005624/en

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