Hybrid Electric Vehicle Sales in Europe and Opportunity Analysis

Study on Hybrid Electric Vehicles in Europe by Stored and On-Board Power in Passenger Cars, Two-wheelers, and Commercial Vehicles from 2024 to 2034

Analysis of Hybrid Electric Vehicles Industry Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Hybrid Electric Vehicle Sales Outlook for Europe (2024 to 2034)

As revealed in a recently updated market analysis by Fact.MR, revenue from the sales of hybrid electric vehicles in Europe is projected to reach US$ 5.09 billion in 2024. The market has been forecasted to expand at a CAGR of 14.2% and reach US$ 19.21 billion by the end of 2034.

Increasing environmental concerns and surging requirements for sustainable development along with supportive measures and government subsidies for electric vehicles are contributing to the increasing demand for hybrid electric vehicles. The growing adoption of electric vehicles with increasing initiatives against environmental protection is supporting market growth.

Several countries in Europe have affiliated with a project, ECOCHAMPS. The consortium of 26 partners in ECOCHAMPS is significantly adopting hybrid powertrain technology. Surging use of the technology is expected to help in reducing CO2 emissions caused by transportation and improve air quality. Improved functionalities lead to the introduction of more advanced and efficient hybrid electric vehicles in the regional market.

  • As per a report published by KBA (Federal Motor Transport Authority), sales of electric vehicles increased three-fold to 194,163 units in Germany in 2020.
Report Attributes Details
Hybrid Electric Vehicle Sales in Europe (2024E) US$ 5.09 Billion
Projected Sales (2034F) US$ 19.21 Billion
Demand Growth (2024 to 2034) 14.2% CAGR
Sales of Stored Electricity-based Hybrid Electric Vehicles (2034F) US$ 11.51 Billion
Market Share of Passenger Cars (2034F) 62.8%
Sales in France (2034F) US$ 2.94 Billion
Sales in Russia (2034F) US$ 818 Million
Key Companies Profiled Robert Bosch GmbH; Bayerische Motoren Werke AG; Schaeffler AG; Volkswagen AG; ZF Friedrichshafen AG; Daimler AG; Continental AG; Renault SA; Delphi Technologies Inc.

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What is Responsible for Growing Demand for Hybrid Electric Vehicles in Europe?

“Increasing Government Subsidies for Electric Vehicles”

Governments in more countries in Europe are providing subsidies, such as tax rebates and incentives for consumers to opt for hybrid electric vehicles. Increasing demand for zero or low-emission vehicles and the implementation of stringent regulation standards are also driving market growth. Governments in the regional countries are taking initiatives to reduce emissions of greenhouse gases and their effects. In addition, efforts to improve the fuel economy of vehicles are also driving demand for hybrid electric vehicles.

“Focus on Developing Specialized Lubricants to Meet Unique Lubrication and Cooling Needs”

Some of the key market players are focusing on offering an innovative line of fluids and lubricants for electric and hybrid cars. They are launching a wide range of fluids, specifically designed for electric and hybrid vehicles, matching the lubrication, and cooling requirements of modern as well as differently abled engines. It ensures maintaining peak conditions throughout the lifecycle of the engines. Temperature constraint solutions, dielectric properties of engines, and lubrication for transmission are some key fulfilling applications of these more advanced vehicles.

More companies are working on the development of low-carbon solutions for LNG (liquefied natural gas) and offshore facilities, thereby accelerating energy transitions. These factors are contributing significantly to increased demand for hybrid electric vehicles.

Which Key Challenge is Encountered by Market Players in Europe?

“Accelerating Demand for FCEVs and BEVs”

Growing demand for FCEVs (fuel cell electric vehicles) and BEVs (battery electric vehicles) is creating challenges for the manufacturers of hybrid electric vehicles. There are several types and models of BEVs, such as sedans, SUVs, and hatchbacks in passenger cars. Automotive manufacturers in the region, such as Volkswagen and others, are focusing on the development of BEVs to generate more profit, which is adversely impacting demand for hybrid electric vehicles.

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Country-wise Insights

Why is Demand for Hybrid Electric Vehicles Rising Rapidly in Germany?

“Growing Preference for Fuel-efficient Automobiles Due to Rising Environmental Concerns”

Attribute Germany
Market Value (2024E) US$ 837 Million
Growth Rate (2024 to 2034) 11.4% CAGR
Projected Value (2034F) US$ 2.45 Billion

Germany is evaluated to account for 12.8% share of the market in Europe by the end of 2034. This noteworthy growth in the country is attributed to several factors, such as a growing preference for fuel-efficient automobiles along with increasing environmental concerns. An increased emphasis has been given to the development of advanced technologies and innovative designs for manufacturing zero or low-emission vehicles with soundless operations and high-performance engines.

Will France Emerge as a Hub for Hybrid Electric Vehicle Manufacturers?

“Government Initiatives Promoting Sustainable Development”

Attribute France
Market Value (2024E) US$ 744 Million
Growth Rate (2024 to 2034) 14.7% CAGR
Projected Value (2034F) US$ 2.94 Billion

France is forecasted to occupy 15.3% share of the Europe market by 2034. Favorable government initiatives are imposed for sustainable development to promote the adoption of electric vehicles. Increasing sales of hybrid electric vehicles are driven by the provision of parking privileges, tax benefits, rebates, utility rate reductions, and other factors in France.

Category-wise Insights

Which Vehicle Category Accounts for a Substantial Market Share?

“Passenger Hybrid Electric Cars Enabling Fuel Cost Savings”

Attribute Passenger Cars
Segment Value (2024E) US$ 3.47 Billion
Growth Rate (2024 to 2034) 13.3% CAGR
Projected Value (2034F) US$ 12.06 Billion

According to the recently updated analysis by Fact.MR, a market research and competitive intelligence provider, passenger cars are evaluated to account for 62.8% share of the Europe market by 2034. Growing demand for hybrid electric passenger cars is attributed to the active involvement of more market players in launching new vehicles in use case areas, including taxis. In addition, these cars are good for stop-and-go driving, where electric motors have intermittent use enabling fuel cost savings. Thus, there is a growing preference for hybrid electric passenger cars in the region.

Why are Stored Electricity-based Hybrid Electric Vehicles Popular?

“Preference for Stored Electricity-based Hybrid Electric Vehicles for Higher Energy Efficiency”

Attribute Stored Electricity
Segment Value (2024E) US$ 2.92 Billion
Growth Rate (2024 to 2034) 14.7% CAGR
Projected Value (2034F) US$ 11.51 Billion

Based on power source, stored electricity-based hybrid electric vehicles are analyzed to capture a share of 59.9% of the regional market by 2034. Vehicles based on stored energy are becoming popular for their fuel economy. In addition, modern hybrid electric vehicles generally use technologies for efficiency improvement, such as regenerative brakes, which help in converting the kinetic energy of vehicles to electric energy, which is stored in a supercapacitor or battery.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competition Landscape

The Europe market is at a nascent stage with growing investments by manufacturers of hybrid electric vehicles. In addition, supportive government regulations and policies promoting the adoption of hybrid electric vehicles are also creating lucrative opportunities for market players in the region.

For instance

  • Volkswagen AG, in 2022, acquired one-fourth of stakes in 24M Technologies for expanding its electric vehicle business. The company also invested in QuantumScape, a start-up offering batteries.
  • Robert Bosch GmbH, in 2021, came up with new technology in electric motors and inverters equipped with silicone carbide technology with improved effectiveness. The company is expanding its production capacities in fuel cells used in trucks and cars.

Fact.MR provides detailed information about the price points of leading companies manufacturing hybrid electric vehicles in the European market, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.

Segmentation of Hybrid Electric Vehicle Study in Europe

  • By Vehicle Type:

    • Passenger Cars
    • Two-wheelers
    • Commercial Vehicles

  • By Power Source:

    • Stored
    • On-Board

  • By Power Train:

    • Series
    • Parallel
    • Combined

  • By Region/Country:

    • Western Europe
      • Germany
      • Italy
      • France
      • United Kingdom
      • Spain
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe
      • Russia
      • Hungary
      • Poland
      • Balkan & Baltics
      • Rest of Eastern Europe

Table of Content

1. Europe Industry - Executive Summary

    1.1. Europe Industry Overview

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Fact.MR Analysis and Recommendations

2. Europe Industry Overview

    2.1. Industry Coverage / Taxonomy

    2.2. Industry Introduction and Definition

3. Industry Background and Data Points

    3.1. Need of the Hour for Companies

    3.2. Strategic Priorities

    3.3. Importance of Technology

    3.4. Use Cases of Hybrid Electric Vehicles

    3.5. Forecast Factors: Relevance and Impact

    3.6. Investment Feasibility Matrix

    3.7. PESTLE Analysis

    3.8. Porter’s Five Forces Analysis

    3.9. Industry Dynamics

        3.9.1. Drivers

        3.9.2. Restraints

        3.9.3. Opportunity Analysis

        3.9.4. Trends

4. Europe Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034

    4.1. Historical Industry Value (US$ Mn) Analysis, 2018 to 2023

    4.2. Current and Future Industry Value (US$ Mn) Projections, 2024 to 2034

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Europe Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Vehicle Type

    5.1. Introduction / Key Findings

    5.2. Historical Industry Value (US$ Mn) Analysis By Vehicle Type, 2018 to 2023

    5.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast By Vehicle Type, 2024 to 2034

        5.3.1. Passenger Cars

        5.3.2. Two-wheelers

        5.3.3. Commercial Vehicles

    5.4. Industry Attractiveness Analysis By Vehicle Type

6. Europe Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Power Source

    6.1. Introduction / Key Findings

    6.2. Historical Industry Value (US$ Mn) Analysis By Power Source, 2018 to 2023

    6.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast By Power Source, 2024 to 2034

        6.3.1. Stored

        6.3.2. On-Board

    6.4. Industry Attractiveness Analysis By Power Source

7. Europe Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Power Train

    7.1. Introduction / Key Findings

    7.2. Historical Industry Value (US$ Mn) Analysis By Power Train, 2018 to 2023

    7.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast By Power Train, 2024 to 2034

        7.3.1. Series

        7.3.2. Parallel

        7.3.3. Combined

    7.4. Industry Attractiveness Analysis By Power Train

8. Europe Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Country

    8.1. Introduction / Key Findings

    8.2. Historical Industry Value (US$ Mn) Analysis By Country, 2018 to 2023

    8.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast By Country, 2024 to 2034

        8.3.1. Germany

        8.3.2. France

        8.3.3. BENELUX

        8.3.4. Italy

        8.3.5. Spain

        8.3.6. The United Kingdom

        8.3.7. Russia

        8.3.8. Rest of Europe

    8.4. Industry Attractiveness Analysis By Country

9. Germany Industry Analysis 2018 to 2023 and Forecast 2024 to 2034

    9.1. Introduction / Key Findings

    9.2. Historical Industry Value (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2023

    9.3. Industry Value (US$ Mn) Forecast By Industry Taxonomy, 2024 to 2034

        9.3.1. By Vehicle Type

        9.3.2. By Power Source

        9.3.3. By Power Train

    9.4. Industry Attractiveness Analysis

        9.4.1. By Vehicle Type

        9.4.2. By Power Source

        9.4.3. By Power Train

10. France Industry Analysis 2018 to 2023 and Forecast 2024 to 2034

    10.1. Introduction / Key Findings

    10.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2023

    10.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2024 to 2034

        10.3.1. By Vehicle Type

        10.3.2. By Power Source

        10.3.3. By Power Train

    10.4. Industry Attractiveness Analysis

        10.4.1. By Vehicle Type

        10.4.2. By Power Source

        10.4.3. By Power Train

11. BENELUX Industry Analysis 2018 to 2023 and Forecast 2024 to 2034

    11.1. Introduction / Key Findings

    11.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2023

    11.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2024 to 2034

        11.3.1. By Vehicle Type

        11.3.2. By Power Source

        11.3.3. By Power Train

    11.4. Industry Attractiveness Analysis

        11.4.1. By Vehicle Type

        11.4.2. By Power Source

        11.4.3. By Power Train

12. Italy Industry Analysis 2018 to 2023 and Forecast 2024 to 2034

    12.1. Introduction / Key Findings

    12.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2023

    12.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2024 to 2034

        12.3.1. By Vehicle Type

        12.3.2. By Power Source

        12.3.3. By Power Train

    12.4. Industry Attractiveness Analysis

        12.4.1. By Vehicle Type

        12.4.2. By Power Source

        12.4.3. By Power Train

13. Spain Industry Analysis 2018 to 2023 and Forecast 2024 to 2034

    13.1. Introduction / Key Findings

    13.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2023

    13.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2024 to 2034

        13.3.1. By Vehicle Type

        13.3.2. By Power Source

        13.3.3. By Power Train

    13.4. Industry Attractiveness Analysis

        13.4.1. By Vehicle Type

        13.4.2. By Power Source

        13.4.3. By Power Train

14. The United Kingdom Industry Analysis 2018 to 2023 and Forecast 2024 to 2034

    14.1. Introduction / Key Findings

    14.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2023

    14.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2024 to 2034

        14.3.1. By Vehicle Type

        14.3.2. By Power Source

        14.3.3. By Power Train

    14.4. Industry Attractiveness Analysis

        14.4.1. By Vehicle Type

        14.4.2. By Power Source

        14.4.3. By Power Train

15. Russia Industry Analysis 2018 to 2023 and Forecast 2024 to 2034

    15.1. Introduction / Key Findings

    15.2. Historical Industry Size (US$ Mn) Trend Analysis By Industry Taxonomy, 2018 to 2023

    15.3. Current and Future Industry Value (US$ Mn) Analysis and Forecast, 2024 to 2034

        15.3.1. By Vehicle Type

        15.3.2. By Power Source

        15.3.3. By Power Train

    15.4. Industry Attractiveness Analysis

        15.4.1. By Vehicle Type

        15.4.2. By Power Source

        15.4.3. By Power Train

16. Industry Structure Analysis

    16.1. Industry Analysis by Tier of Companies

    16.2. Industry Concentration

    16.3. Industry Share Analysis of Top Players

    16.4. Industry Presence Analysis

17. Competition Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Competition Deep Dive

        17.3.1. Robert Bosch GmbH

            17.3.1.1. Company Overview

            17.3.1.2. Source overview

            17.3.1.3. SWOT Analysis

            17.3.1.4. Key Developments

        17.3.2. Bayerische Motoren Werke AG

            17.3.2.1. Company Overview

            17.3.2.2. Source overview

            17.3.2.3. SWOT Analysis

            17.3.2.4. Key Developments

        17.3.3. Schaeffler AG

            17.3.3.1. Company Overview

            17.3.3.2. Source overview

            17.3.3.3. SWOT Analysis

            17.3.3.4. Key Developments

        17.3.4. Volkswagen AG

            17.3.4.1. Company Overview

            17.3.4.2. Source overview

            17.3.4.3. SWOT Analysis

            17.3.4.4. Key Developments

        17.3.5. ZF Friedrichshafen AG

            17.3.5.1. Company Overview

            17.3.5.2. Source overview

            17.3.5.3. SWOT Analysis

            17.3.5.4. Key Developments

        17.3.6. Daimler AG

            17.3.6.1. Company Overview

            17.3.6.2. Source overview

            17.3.6.3. SWOT Analysis

            17.3.6.4. Key Developments

        17.3.7. Continental AG

            17.3.7.1. Company Overview

            17.3.7.2. Source overview

            17.3.7.3. SWOT Analysis

            17.3.7.4. Key Developments

        17.3.8. Renault SA

            17.3.8.1. Company Overview

            17.3.8.2. Source overview

            17.3.8.3. SWOT Analysis

            17.3.8.4. Key Developments

        17.3.9. Delphi Technologies Inc.

            17.3.9.1. Company Overview

            17.3.9.2. Source overview

            17.3.9.3. SWOT Analysis

            17.3.9.4. Key Developments

18. Assumptions and Acronyms Used

19. Research Methodology

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List Of Table

Table 1: Europe Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 2: Europe Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 3: Europe Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 4: Europe Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 5: Europe Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 6: Europe Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 7: Europe Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 8: Europe Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 9: Europe Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

Table 10: Europe Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023

Table 11: Europe Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034

Table 12: Europe Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034

Table 13: Germany Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 14: Germany Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 15: Germany Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 16: Germany Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 17: Germany Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 18: Germany Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 19: Germany Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 20: Germany Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 21: Germany Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

Table 22: France Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 23: France Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 24: France Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 25: France Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 26: France Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 27: France Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 28: France Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 29: France Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 30: France Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

Table 31: BENELUX Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 32: BENELUX Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 33: BENELUX Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 34: BENELUX Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 35: BENELUX Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 36: BENELUX Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 37: BENELUX Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 38: BENELUX Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 39: BENELUX Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

Table 40: Italy Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 41: Italy Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 42: Italy Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 43: Italy Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 44: Italy Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 45: Italy Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 46: Italy Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 47: Italy Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 48: Italy Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

Table 49: Spain Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 50: Spain Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 51: Spain Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 52: Spain Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 53: Spain Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 54: Spain Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 55: Spain Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 56: Spain Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 57: Spain Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

Table 58: The United Kingdom Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 59: The United Kingdom Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 60: The United Kingdom Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 61: The United Kingdom Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 62: The United Kingdom Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 63: The United Kingdom Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 64: The United Kingdom Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 65: The United Kingdom Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 66: The United Kingdom Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

Table 67: Russia Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 68: Russia Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 69: Russia Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 70: Russia Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 71: Russia Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 72: Russia Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 73: Russia Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 74: Russia Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 75: Russia Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

Table 76: Rest of Europe Industry Value (US$ Mn) Analysis, by Vehicle Type, 2018 to 2023

Table 77: Rest of Europe Industry Value (US$ Mn) Analysis, by Vehicle Type, 2024 to 2034

Table 78: Rest of Europe Industry Value (US$ Mn) Opportunity Analysis, by Vehicle Type, 2024 to 2034

Table 79: Rest of Europe Industry Value (US$ Mn) Analysis, by Power Source, 2018 to 2023

Table 80: Rest of Europe Industry Value (US$ Mn) Analysis, by Power Source, 2024 to 2034

Table 81: Rest of Europe Industry Value (US$ Mn) Opportunity Analysis, by Power Source, 2024 to 2034

Table 82: Rest of Europe Industry Value (US$ Mn) Analysis, by Power Train, 2018 to 2023

Table 83: Rest of Europe Industry Value (US$ Mn) Analysis, by Power Train, 2024 to 2034

Table 84: Rest of Europe Industry Value (US$ Mn) Opportunity Analysis, by Power Train, 2024 to 2034

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List Of Figures

Figure 1: Europe Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 2: Europe Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 3: Europe Industry Value Y-o-Y Growth and Forecast, 2018 to 2034

Figure 4: Europe Industry Incremental $ Opportunity, 2024 to 2034

Figure 5: Europe Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 6: Europe Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 7: Europe Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 8: Europe Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 9: Europe Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 10: Europe Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 11: Europe Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 12: Europe Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 13: Europe Industry Attractiveness Analysis by Power Train, 2024 to 2034

Figure 14: Europe Industry Share and BPS Analysis by Country, 2024 & 2034

Figure 15: Europe Industry Y-o-Y Growth Projections by Country, 2024 to 2034

Figure 16: Europe Industry Attractiveness Analysis by Country, 2024 to 2034

Figure 17: Germany Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 18: Germany Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 19: Germany Industry Value Y-o-Y Growth and Forecast, 2034

Figure 20: Germany Industry Incremental $ Opportunity, 2024 to 2034

Figure 21: Germany Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 22: Germany Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 23: Germany Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 24: Germany Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 25: Germany Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 26: Germany Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 27: Germany Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 28: Germany Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 29: Germany Industry Attractiveness Analysis by Power Train, 2024 to 2034

Figure 30: France Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 31: France Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 32: France Industry Value Y-o-Y Growth and Forecast, 2018 to 2034

Figure 33: France Industry Incremental $ Opportunity, 2024 to 2034

Figure 34: France Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 35: France Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 36: France Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 37: France Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 38: France Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 39: France Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 40: France Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 41: France Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 42: France Industry Attractiveness Analysis by Power Train, 2024 to 2034

Figure 43: BENELUX Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 44: BENELUX Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 45: BENELUX Industry Value Y-o-Y Growth and Forecast, 2018 to 2034

Figure 46: BENELUX Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 47: BENELUX Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 48: BENELUX Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 49: BENELUX Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 50: BENELUX Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 51: BENELUX Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 52: BENELUX Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 53: BENELUX Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 54: BENELUX Industry Attractiveness Analysis by Power Train, 2024 to 2034

Figure 55: Italy Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 56: Italy Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 57: Italy Industry Value Y-o-Y Growth and Forecast, 2018 to 2034

Figure 58: Italy Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 59: Italy Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 60: Italy Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 61: Italy Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 62: Italy Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 63: Italy Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 64: Italy Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 65: Italy Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 66: Italy Industry Attractiveness Analysis by Power Train, 2024 to 2034

Figure 67: Spain Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 68: Spain Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 69: Spain Industry Value Y-o-Y Growth and Forecast, 2018 to 2034

Figure 70: Spain Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 71: Spain Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 72: Spain Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 73: Spain Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 74: Spain Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 75: Spain Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 76: Spain Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 77: Spain Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 78: Spain Industry Attractiveness Analysis by Power Train, 2024 to 2034

Figure 79: The United Kingdom Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 80: The United Kingdom Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 81: The United Kingdom Industry Value Y-o-Y Growth and Forecast, 2018 to 2034

Figure 82: The United Kingdom Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 83: The United Kingdom Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 84: The United Kingdom Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 85: The United Kingdom Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 86: The United Kingdom Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 87: The United Kingdom Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 88: The United Kingdom Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 89: The United Kingdom Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 90: The United Kingdom Industry Attractiveness Analysis by Power Train, 2024 to 2034

Figure 91: Russia Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 92: Russia Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 93: Russia Industry Value Y-o-Y Growth and Forecast, 2018 to 2034

Figure 94: Russia Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 95: Russia Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 96: Russia Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 97: Russia Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 98: Russia Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 99: Russia Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 100: Russia Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 101: Russia Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 102: Russia Industry Attractiveness Analysis by Power Train, 2024 to 2034

Figure 103: Rest of Europe Industry Value (US$ Mn) Historical Analysis, 2018 to 2023

Figure 104: Rest of Europe Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034

Figure 105: Rest of Europe Industry Value Y-o-Y Growth and Forecast, 2018 to 2034

Figure 106: Rest of Europe Industry Share and BPS Analysis by Vehicle Type, 2024 & 2034

Figure 107: Rest of Europe Industry Y-o-Y Growth Projections by Vehicle Type, 2024 to 2034

Figure 108: Rest of Europe Industry Attractiveness Analysis by Vehicle Type, 2024 to 2034

Figure 109: Rest of Europe Industry Share and BPS Analysis by Power Source, 2024 & 2034

Figure 110: Rest of Europe Industry Y-o-Y Growth Projections by Power Source, 2024 to 2034

Figure 111: Rest of Europe Industry Attractiveness Analysis by Power Source, 2024 to 2034

Figure 112: Rest of Europe Industry Share and BPS Analysis by Power Train, 2024 & 2034

Figure 113: Rest of Europe Industry Y-o-Y Growth Projections by Power Train, 2024 to 2034

Figure 114: Rest of Europe Industry Attractiveness Analysis by Power Train, 2024 to 2034

Know thy Competitors

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- FAQs -

What is the sales value of hybrid electric vehicles in Europe in 2024?

Sales of hybrid electric vehicles in Europe are set to reach US$ 5.09 billion in 2024.

What is the projection for hybrid electric vehicles in Europe by 2034?

The market in Europe is forecasted to climb to US$ 19.21 billion by the end of 2034.

At what rate is the demand for hybrid electric vehicles expected to rise?

Demand for hybrid electric vehicles in Europe is forecasted to increase at 14.2% CAGR through 2034.

What is the contribution of France to the market share in Europe?

France is projected to hold 15.3% share of the market in Europe by the end of 2034.

What are the projected sales of hybrid electric passenger cars in Europe by 2034?

Sales of hybrid electric passenger cars are evaluated to reach US$ 12.06 billion by 2034-end.

At what rate is the demand for hybrid electric vehicles projected to increase in Russia?

Demand for hybrid electric vehicles in Russia is forecasted to rise at a CAGR of 16% from 2024 to 2034.

Who are some of the key market players in Europe?

Some key market players in Europe are Schaeffler AG, Volkswagen AG, ZF Friedrichshafen AG, Daimler AG, and Continental AG.

What are some issues hindering EV adoption in Europe?

The market in Europe is impacted by economic uncertainty, inadequate infrastructure, and high prices, which are slowing down EV adoption.

- Also of Interest -

Hybrid Electric Vehicles Market

Hybrid Electric Vehicles Market Analysis By Power Source (Stored Electricity HEVs, On-Board Electric Generator HEVs), By Powertrain (Series, Parallel, Combined Hybrid Electric Vehicles), By Vehicle & By Region - Global Market Insights 2021-2031

Hybrid Electric Vehicle Sales in United States and Opportunity Analysis

Study on Hybrid Electric Vehicles in United States by Stored Electricity and On-Board Electric Generators for Passenger Cars, Commercial Vehicles, and Two-Wheelers from 2024 to 2034

Electric Vehicle (EV) Battery Market

Electric Vehicle (EV) Battery Market Analysis by Lithium-ion Batteries, Lead Acid Batteries, and Nickel Hydride Batteries for Passenger Cars, Commercial Vehicles, and Two Wheelers from 2023 to 2033

Hybrid Electric Vehicle Sales in Europe and Opportunity Analysis

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