Market Size of North America Mild Hybrid Vehicles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Mild Hybrid Vehicles Market Analysis
The North America Mild Hybrid Vehicles Market is anticipated to register a CAGR of about 6.9% during the forecast period (2020 - 2025).
- Mild hybrid cars are also known as gasoline-electric vehicles. Benefits such as saving fuel by shutting off the engine when the vehicle is stopped, braking or crushing, and electric motors improves the capacity to restart gas motor make this technology a must-have in all the vehicles.
- In the United States, stringent emission standards and government incentives are further moving automakers to provide a Mild Hybrid installed, which could assist the existing gasoline/diesel engine.
- However, unlike full hybrids, mild hybrid cars cannot propel the engines on its own. The United States sees a more significant growth towards pure electric or fully hybrid vehicles, and as a result, it would hinder the potential growth for Mild hybrid cars. Nevertheless, this is ab alternative system that offers a stepping stone into an E.V. future.
