Technology News & Trends

  The global market for hybrid vehicles is gaining traction and is projected to enjoy a high level of competition among the prominent players over the next few years, states a new market study by TMR. The rise in the number of players that are estimated to expand their product horizon into hybrid vehicles and the rising investments by the prominent players are projected to support the development of the   global hybrid vehicles market   over the next few years. The key players in the market are further projected to focus on mergers and acquisitions, which is predicted to create potential growth opportunities for the new entrants in the coming years. The prominent players engaged in the hybrid vehicles market across the globe include Audi AG, MAN SE, Ford Motor Company, Nissan Motor Co. Ltd., Hyundai Motor Company, Renault SA., Mercedes-Benz USA, LLC, General Motors Company, Toyota Motor Corporation, and Bayerische Motoren Werke (BMW) AG. As per the market study by TMR, in...

The rise in the number of players that are estimated to expand their product horizon into hybrid vehicles and the rising investments by the prominent players are projected to support the development of the global hybrid vehicles market over the next few years. The key players in the market are further projected to focus on mergers and acquisitions, which is predicted to create potential growth opportunities for the new entrants in the coming years. The prominent players engaged in the hybrid vehicles market across the globe include Audi AG, MAN SE, Ford Motor Company, Nissan Motor Co. Ltd., Hyundai Motor Company, Renault SA., Mercedes-Benz USA, LLC, General Motors Company, Toyota Motor Corporation, and Bayerische Motoren Werke (BMW) AG. As per the market study by TMR, in 2015, the global market for hybrid vehicles stood at US$75.52 bn and is projected to reach a value of US$193.29 bn by 2024. The market is estimated to register a healthy 10.30% CAGR between 2016 and 2024. Geogra...