Technological advancement in the automotive sector is leading to the development of multiple systems that are energy efficient and are positively tested for enhancing the functioning and performance of automobiles. The paradigm shift to electric propulsion systems is aiding the development of Micro-hybrid Car. Market Research Future (MRFR) has published a report stating that the global Micro-hybrid Car market is marked to expand significantly at a CAGR of 12% During the forecast period of 2017-2023.

Segmentation

The global Micro-hybrid Car market has been segmented on the basis of battery type, capacity and vehicle type. Based on battery type, the micro-hybrid vehicle market has been segmented into lead-acid, lithium-ion and others. The lead-acid battery segment is forecasted to project significant growth in the global Micro-hybrid Car market owing to the high power density. Based on capacity, the micro-hybrid vehicle market has been segmented into 12V micro-hybrid, 48V micro-hybrid and others. based on vehicle type, the Micro-hybrid Car market has been segmented into passenger vehicle and commercial vehicle.

Regional Analysis

The global Micro-hybrid Car market has been geographically segmented into four major regions such as Europe, Asia Pacific, North America and the rest of the world. The Europe region is forecasted to dominate the global COVID-19 Impact owing to the increasing production of Micro-hybrid Car in order to meet the global demand for high-performance automobiles. The Micro-hybrid Car market is expanding at a noteworthy growth rate during the assessment period due to the increasing demand for affordable Micro-hybrid Car by the players operating in logistics industry and rise in launch of new automobiles with micro-hybrid technology in the emerging economies of this region. The North America region is projecting significant growth in the global Micro-hybrid Car market owing to the presence of large pool of manufacturers of automobiles with micro-hybrid technology, increasing adoption of electric vehicles for personal as well as commercial purposes and rapid advancement in automotive technology in this region.

Key players

The major players profiled by MRFR that are operating in the global Micro-hybrid Car market are Audi AG (Germany), BMW AG (Germany), Daimler AG (Germany), Subaru (Japan), Hyundai Motor Company (South Korea), and Kia Motors Corporation (South Korea). Mahindra and Mahindra Limited (India), Jaguar Land Rover Automotive PLC (the U.K.), Mazda Motor Corporation (Japan), Porsche AG (Germany) and others.

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