Micro-Hybrid Vehicles Market Share| COVID-19 Impact

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The global Micro-Hybrid Vehicles Market Share segmentation covers battery type, capacity, vehicle type, and lastly, region. By battery type, this market has been segmented into lead-acid, lithium-ion and others. During the forecast period, the lead-acid battery segment is expected to witness the highest growth in the market because lead acid batteries are rechargeable, and they require low maintenance. These batteries have high power density, and they are available in all amperages, shapes, sizes, and voltages.

North America is also an important regional market due to the presence of many developed countries and key market players. Other factors aid the market growth in North America are increasing the adoption of electric vehicles for commercial as well as personal purposes and rapid technological advancement. United States of America (USA) has an established automotive sector. After the USA, Canada is the most important country-specific market in this region.

In the Asia Pacific region, the market is growing due to the demand for the affordable vehicle, the growing purchasing power of people, increasing urbanization, and stable technological development. In this region, the important country-specific markets are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.

Key Players

The key players in the global Micro-Hybrid Vehicles Market Share include Audi AG (Germany), BMW AG (Germany), Daimler AG (Germany), Hyundai Motor Company (South Korea), Jaguar Land Rover Automotive PLC (UK), Kia Motors Corporation (South Korea), Mahindra & Mahindra Limited (India), Mazda Motor Corporation (Japan), Porsche AG (Germany), and Subaru (Japan).

Latest Industry News

• Equipped with the micro-hybrid system, a fleet of 28 new Diamond buses is set to operate on the streets of Worcester, UK. 27 MAR 2019
• Morris Garages (MG), the British brand owned by China’s SAIC, has unveiled an MG Hector Hybrid SUV that is equipped with a micro-hybrid system. MG has plans to launch the vehicle in India soon. 29 MAR 2019
• Equipped with the micro-hybrid system, Mahindra compact SUV XUV300 has crossed the mark of 13,000 bookings. The vehicle was launched in February 2019. 14 MAR 2019