About Hybrid Commercial Vehicle

Commercial vehicles are defined as vehicles that are over 8,500 lb. in gross weight. These vehicles include heavy trucks and light commercial vehicles (LCVs), such as pickup trucks and vans. Internal combustion engines (ICE) propel most conventional commercial vehicles. However, recent emphasis on preserving the environment coupled with the need to explore and promote fuel-efficient energy sources has pushed manufacturers to explore fuel-efficient propulsion technologies. Hybrid engines represent one such technology.
A hybrid commercial vehicle combines two energy sources: mechanical (ICE) and electrical. The engine in a hybrid vehicle is smaller than that in a traditional vehicle. The combination of the two power sources helps the vehicle achieve better fuel economy and on-road performance. Hybrid commercial vehicles use efficient technologies (such as regenerative braking) to charge the battery by converting kinetic energy into electric energy.

Technavio’s analysts forecast the global hybrid commercial vehicle market to grow at a CAGR of 17.37% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global hybrid commercial vehicle market for 2016-2020. To calculate the market size, the report considers the unit production of light and medium-duty trucks, heavy-duty trucks, and hybrid buses across regions.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Hybrid Commercial Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Daimler AG
• Hino Motors Ltd.
• PACCAR Inc.
• AB Volvo

Other prominent vendors
• MAN

Market driver
• Benefits of low fuel consumption and low cost of ownership
• For a full, detailed list, view our report

Market challenge
• High initial investments
• For a full, detailed list, view our report

Market trend
• Growing adoption of Li-ion batteries
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.