Southeast Asia Hybrid Electric Vehicle Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

 

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Southeast Asia Hybrid Electric Vehicle Market Industry (2025-2030):

According to the latest report, the Southeast Asia Hybrixd Electric Vehicle Market is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Southeast Asia Hybrid Electric Vehicle Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2025-30): 18%

What are the major Driver the Southeast Asia Hybrid Electric Vehicleindustry?

Surging Greenhouse Gas Emissions Across the Region to Propel Hybrid Vehicle Adoption – Rapid industrialization, urbanization, and economic development in countries like Thailand, Malaysia, Singapore, and others have led to increased energy consumption, primarily reliant on fossil fuels such as coal & natural gas. The expanding transportation sector, characterized by a growing number of vehicles on the roads, exacerbated emissions from burning gasoline & diesel. For instance, in 2022, the transport sector contributed about 15% to total greenhouse gas emissions in Indonesia.

With the rising greenhouse gas emissions, government bodies in countries such as Thailand, Indonesia, and Malaysia have started focusing on reforms for mitigating greenhouse gas emissions in their respective countries. This led governments to provide subsidies & incentives to consumers for adopting hybrid vehicles, thus boosting the sales graph. Moreover, the rising consumer awareness regarding global warming is anticipated to further surge the adoption of hybrid vehicles among consumers, owing to their efficiency & pollution control, therefore driving the growth of the Southeast Asia Hybrid Electric Vehicle Market.

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Southeast Asia Hybrid Electric Vehicle Market Segmentation

The Southeast Asia Hybrid Electric Vehicle Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Vehicle Type
• Passenger Car- Market Size & Forecast 2019-2030, Thousand Units
• Commercial Vehicle- Market Size & Forecast 2019-2030, Thousand Units
• Two-wheeler-- Market Size & Forecast 2019-2030, Thousand Units
• By Electric Powertrain Type
• Series Hybrid- Market Size & Forecast 2019-2030, Thousand Units
• Parallel Hybrid- Market Size & Forecast 2019-2030, Thousand Units
• Parallel-Series Hybrid- Market Size & Forecast 2019-2030, Thousand Units
• By Degree of Hybridization
• Micro Hybrid- Market Size & Forecast 2019-2030, Thousand Units
• Mild Hybrid- Market Size & Forecast 2019-2030, Thousand Units
• Full Hybrid- Market Size & Forecast 2019-2030, Thousand Units
• Plug-in Hybrid- Market Size & Forecast 2019-2030, Thousand Units
• By Country
• Thailand
• Malaysia 
• Indonesia  
• Singapore
• Cambodia
• Philippines
• Rest of Southeast Asia

As per the regional aspect, the Southeast Asia Hybrid Electric Vehicle Market is expected to be dominated by Thailand by capturing the potential market share. 

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Top Companies in the Southeast Asia Hybrid Electric Vehicle Market  

Toyota Motor Corporation, Honda Motor Company Limited, BMW Group, Hyundai Motor Company, Mitsubishi Motors Corporation, MG Motor, Mazda Motor Corporation, BYD Co. Ltd, Nissan Motor Company, Audi AG, AB Volvo, PT Yamaha Indonesia, and Others

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Southeast Asia Hybrid Electric Vehicle Industry Development:

• 2023: Honda Motor Company Limited launched a new Honda Accord RS Hybrid in Indonesia, which is a complete built-up (CBU) import from Thailand.
• 2022: Toyota Motor Corporation launched Kijang Innova Zenix Hybrid MPV in the Indonesian market, and the model has a size of around 4,755 mm in length & a width of 1,855 mm.

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