Micro-hybrid vehicles are gaining importance among consumers and manufacturers as a means of economically enhancing the fuel efficiency of automobiles and cost-effectiveness. Hence, the Micro-Hybrid Vehicles Market Size is expected to be driven primarily by the technological advancements in batteries and cost reduction of vehicular maintenance.

Regional Analysis

The global Micro-Hybrid Vehicles Market Size is segmented into North America, Europe, Asia Pacific, and Rest of the World. Among these regions, Europe is expected to dictate the global Micro-Hybrid Vehicles Market Size. This can be accredited to the ample scope achieved by the regional market. A dominant presence of various high profile countries such as Germany, France, Norway, and the UK in Europe is one of the primary factors driving the market growth. Rising standard of living, along with the proliferation of disposable income among consumers has led to higher demand for advanced performance vehicles that are made from high-quality components. Moreover, prevalence of major market players in the region is also one of the major factors contributing to the ascension of the Micro-Hybrid Vehicles Market Size.

Segmentation

The global Micro-Hybrid Vehicles Market Size has been segmented on the basis of battery type, vehicle type, capacity, and region. Based on battery type, the market is segmented into lead-acid and lithium-ion. Among these, the lead-acid battery segment is expected to witness the highest growth during the forecast period. Lead-acid batteries require low maintenance and are rechargeable. These batteries have a widespread use owing to various features such as ease of use and high power density. Lead-acid batteries are available in several sizes, voltages, sizes, and amperages.

Based on capacity, the market is segmented into 48V micro-hybrid and 12V micro-hybrid. Based on vehicle type, the global Micro-Hybrid Vehicles Market Size is segmented into commercial vehicle and passenger vehicle.

Key Players

Some of the high profile players present in the global Micro-Hybrid Vehicles Market Size include Audi AG (Germany), BMW AG (Germany), Daimler AG (Germany), Subaru (Japan), Hyundai Motor Company.