Plug-in Hybrid Electric Vehicles Market Segmentation: Identifying Key Segments for Growth – openPR.com

Plug-in Hybrid Electric Vehicles Market Segmentation: Identifying Key Segments for Growth – openPR.com

Report on the Global Plug-in Hybrid Electric Vehicles Market with Emphasis on Sustainable Development Goals (SDGs)

Market Overview

The global market for Plug-in Hybrid Electric Vehicles (PHEVs) is projected to reach approximately $65 billion in 2024, highlighting a significant consumer shift towards sustainable mobility solutions. Forecasts indicate growth to around $150 billion by 2034, representing a Compound Annual Growth Rate (CAGR) of about 9.5% during the forecast period. This growth aligns with several Sustainable Development Goals (SDGs), particularly SDG 9 (Industry, Innovation and Infrastructure), SDG 11 (Sustainable Cities and Communities), and SDG 13 (Climate Action), by promoting cleaner transportation technologies and reducing greenhouse gas emissions.

Research and Market Analysis

Exactitude Consultancy, Ltd. has released a comprehensive research report examining the production processes and materials used in the PHEVs market. The study provides insights into market segments and applications impacting future growth, excluding certain key regions accelerating marketization. The report analyzes:

  • Market trends and developments
  • Growth drivers and emerging technologies
  • Investment structures within the PHEVs market

This research supports SDG 12 (Responsible Consumption and Production) by encouraging sustainable manufacturing practices and innovation in vehicle technologies.

Market Segmentation

  1. By Product Type
    • Passenger Cars
    • Commercial Vehicles
  2. By Application
    • Personal Use
    • Fleet Management
  3. By End User
    • Individual Consumers
    • Businesses
  4. By Technology
    • Series
    • Parallel
  5. By Distribution Channel
    • Online Retail
    • Dealerships

Geographical Coverage

The global version of the PHEVs market report includes analysis of the following regions and countries, supporting SDG 17 (Partnerships for the Goals) through international cooperation and knowledge sharing:

  • North America: USA, Canada, Mexico
  • Europe: Germany, France, United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, Rest of Europe
  • Asia-Pacific: China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, Rest of APAC
  • South America: Brazil, Argentina, Chile, Colombia, Rest of countries
  • Middle East and Africa: Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA

Key Market Players

  • Toyota Motor Corporation
  • Honda Motor Co., Ltd.
  • Ford Motor Company
  • BMW AG
  • Volkswagen AG
  • Hyundai Motor Company
  • Kia Corporation
  • Audi AG
  • Mercedes-Benz Group AG
  • Nissan Motor Co., Ltd.
  • General Motors Company
  • Volvo Cars
  • PHEV Motors (Tata Motors)
  • Mitsubishi Motors Corporation
  • Porsche AG

Market Insights and Strategic Importance

The report provides valuable insights into:

  • Market Penetration: Detailed product portfolios of leading PHEV manufacturers.
  • Competitive Assessment: Analysis of market strategies, geographic presence, and business segments of key players.
  • Market Development: Identification of emerging markets and growth opportunities.
  • Market Diversification: Information on new products, untapped geographies, recent developments, and investments.

These insights contribute to achieving SDG 8 (Decent Work and Economic Growth) by fostering innovation and sustainable industrialization.

Reasons to Invest in the PHEVs Market

  • Comprehensive global and regional market analysis
  • Understanding of dynamic market changes and competitive landscape
  • Segmentation by type, application, geography, and other factors
  • Historical and forecasted market data including size, share, growth, volume, and sales
  • Identification of emerging key segments and regions
  • Insight into key business strategies and methodologies of major market players

Contribution to Sustainable Development Goals

The expansion of the Plug-in Hybrid Electric Vehicles market directly supports multiple SDGs:

  • SDG 7 (Affordable and Clean Energy): Promotes energy-efficient transportation options reducing fossil fuel dependence.
  • SDG 11 (Sustainable Cities and Communities): Encourages cleaner urban mobility solutions.
  • SDG 12 (Responsible Consumption and Production): Advances sustainable manufacturing and resource use.
  • SDG 13 (Climate Action): Mitigates climate change impacts by lowering vehicle emissions.
  • SDG 9 (Industry, Innovation and Infrastructure): Drives innovation in automotive technologies.
  • SDG 17 (Partnerships for the Goals): Fosters global cooperation in sustainable transport development.

Additional Information and Support

Exactitude Consultancy offers customization options including:

  • 20% free customization
  • Addition of up to five countries and five companies of choice
  • Up to 40 hours of free customization
  • One-year post-sales support

Contact Information

Irfan Tamboli
Phone: +1 (704) 266-3234
Email: sales@exactitudeconsultancy.com

References and Further Reading

1. Sustainable Development Goals (SDGs) Addressed or Connected

  1. SDG 7: Affordable and Clean Energy
    • The article discusses Plug-in Hybrid Electric Vehicles (PHEVs), which are part of the transition to cleaner energy sources in transportation.
  2. SDG 9: Industry, Innovation and Infrastructure
    • The article highlights emerging technologies, market development, and innovation in the automotive industry focusing on PHEVs.
  3. SDG 11: Sustainable Cities and Communities
    • The shift to PHEVs supports sustainable urban mobility and reduces pollution in cities.
  4. SDG 12: Responsible Consumption and Production
    • The article mentions market segmentation and diversification, implying more sustainable production and consumption patterns.
  5. SDG 13: Climate Action
    • The promotion of PHEVs contributes to reducing greenhouse gas emissions from the transport sector.

2. Specific Targets Under Those SDGs Identified

  1. SDG 7: Target 7.3
    • By 2030, double the global rate of improvement in energy efficiency – PHEVs contribute to energy-efficient transportation.
  2. SDG 9: Target 9.5
    • Enhance scientific research, upgrade the technological capabilities of industrial sectors – reflected in emerging technologies and innovation in PHEVs.
  3. SDG 11: Target 11.2
    • By 2030, provide access to safe, affordable, accessible and sustainable transport systems for all – PHEVs support this target.
  4. SDG 12: Target 12.2
    • By 2030, achieve the sustainable management and efficient use of natural resources – implied by market diversification and sustainable production methods.
  5. SDG 13: Target 13.2
    • Integrate climate change measures into national policies, strategies and planning – adoption of PHEVs contributes to climate action.

3. Indicators Mentioned or Implied to Measure Progress

  1. Market Valuation and Growth Rate
    • The article mentions the global market size for PHEVs ($65 billion in 2024, projected $150 billion by 2034) and a CAGR of 9.5%, which can be used as indicators of market penetration and adoption rate.
  2. Market Segmentation and Application
    • Segmentation by product type, application, end user, technology, and distribution channel provides data points to measure diversity and reach of PHEVs.
  3. Geographic Market Analysis
    • Country and regional market data (North America, Europe, Asia-Pacific, South America, Middle East and Africa) can serve as indicators of global adoption and diffusion.
  4. Technological Innovation and Investment Structure
    • Information on emerging technologies and investment patterns can be used to track progress towards innovation-related targets.
  5. Environmental Impact (Implied)
    • Though not explicitly stated, the adoption of PHEVs implies reductions in greenhouse gas emissions and energy consumption, which align with SDG 13 indicators.

4. Table of SDGs, Targets and Indicators

SDGs Targets Indicators
SDG 7: Affordable and Clean Energy 7.3: Double the global rate of improvement in energy efficiency by 2030 Market valuation of PHEVs; CAGR of 9.5%; adoption rate of energy-efficient vehicles
SDG 9: Industry, Innovation and Infrastructure 9.5: Enhance scientific research and upgrade technological capabilities of industrial sectors Emerging technologies in PHEVs; investment structure; innovation indices
SDG 11: Sustainable Cities and Communities 11.2: Provide access to safe, affordable, accessible and sustainable transport systems by 2030 Market segmentation by application (personal use, fleet management); geographic market penetration
SDG 12: Responsible Consumption and Production 12.2: Achieve sustainable management and efficient use of natural resources by 2030 Market diversification; sustainable production methods implied by product and technology segmentation
SDG 13: Climate Action 13.2: Integrate climate change measures into policies, strategies and planning Adoption rate of PHEVs; implied reduction in greenhouse gas emissions; energy consumption metrics

Source: openpr.com