Energy Industry Analysis and Market Trends

The global hybrid cars market witnesses a high degree of competition between the leading players, namely, Toyota, General Motors, Hyundai, Ford, Nissan, Honda, BMW, and Volkswagen, finds a new study by Transparency Market Research (TMR). Researchers anticipate this rivalry to intensify further in the near future as companies will try to take center stage by introducing new products constantly. Browse Market Research Report @ http://www.transparencymarketresearch.com/hybrid-cars-market.html As per the research report, the global market for hybrid cars stood at US$102.88 bn in 2015. Rising at a CAGR of 16.50% during the period from 2016 to 2024, the opportunity in this market is likely to reach a value of US$398.90 bn by the end of the forecast period. Currently, series parallel hybrid cars are registering a higher demand than other vehicles. Analysts expect the scenario to continue being so over the next few years, thanks to the unmatched efficiency offered by series parallel ...

An increasing demand for alternative fuels has led to the growth of the hybrid car market, especially in the developing automobile hubs.  Hybrid vehicles provide efficient fuel options  when compared to conventional fuels such as petrol and diesel. The implementation of Kyoto Protocol is one of the motivating forces driving the adoption of vehicles running on alternative fuel sources. The increasing pace of adoption of vehicles running on alternative fuels has encouraged many major automobile companies to invest in developing new models for the hybrid car segment. Though there is a range of hybrid models available in the car market, Toyota Prius occupies the major market share in this market. Ford Fusion is another popular hybrid car model which is available in regions across the world. Currently, hybrid cars account for a small share of the overall automobile market, but the market for these cars is anticipated to increase in the future owing to their increasing efficienc...