Reports
Sale
Australia Hybrid Vehicle Market Size, Share, Growth, Report: By Vehicle Type: Commercial Vehicles, Passenger Car; By Electric Powertrain Type: Series Hybrid, Parallel Hybrid, Power Split Hybrid; By Component: Chassis, Body, Powertrain, Electronics, Others; By Hybridisation; By Propulsion; Regional Analysis; Competitive Landscape; 2024-2032
Australia Hybrid Vehicle Market Outlook
The Australia hybrid vehicle market size attained 101.43 thousand units in 2023. The market is further projected to grow at a CAGR of 15.8% between 2024 and 2032, attaining 389.84 thousand units by 2032.
Key Takeaways
- As per National Transport Commission, Australians purchased 70,466 conventional hybrid cars in 2021, representing a 20.3% increase from sales in 2020.
- Toyota hybrid cars and SUVs were the most popular, accounting for 92.9% of hybrid car sales in Australia in 2021. The company’s RAV4 SUV hybrid model led the pack with 25,850 sales.
- According to Electric Vehicle Council’s data, in October 2022, there were 95 variants of electric vehicles available in Australia, including 35 plug-in hybrid variants and 60 battery electric vehicle variants.
- As per industry reports, in September 2022, the number of fully electric vehicles sold in Australia (7,247) surpassed combined sales for hybrid and plug-in hybrid cars (5,141).
One significant market driver is the enactment of stringent emission and fuel economy norms, encouraging the adoption of hybrid vehicles as a more environmentally friendly transportation option. For instance, the fuel efficiency standard set to launch in January 2025 will outline how much carbon dioxide a car can produce. By 2034, this initiative can help reduce the country's vehicle carbon emissions by over 10 million tonnes.
Additionally, the appeal of hybrid vehicles to a broader audience due to their combination of reliability, long-range drivability, and better fuel economy compared to traditional petrol and diesel vehicles contributes to the market's expansion. The increasing availability of hybrid models from key OEMs and the preference of consumers for fully hybrid or mild hybrid vehicles further boost the Australia hybrid vehicle market growth.
Meanwhile, the focus of key players in the Australian hybrid vehicle market is on developing more of charging infrastructure, offering incentives to spur EV purchases, and working towards accelerating the growth of the EV market in Australia through national policies and regulations. vehicle market growth. As per industry reports, in June 2022, there were 3,669 public chargers across 2,147 electric vehicle charging locations in the country.
Fully hybrid vehicles, combining an internal combustion engine with a larger electric motor for significant electrification benefits, hold a significant Australia hybrid vehicle market share. These vehicles offer substantial fuel efficiency gains, reduced emissions, and the ability to operate in electric mode for extended periods.
Plug-in hybrid vehicles, on the other hand offer the flexibility of electric propulsion while providing the convenience of a combustion engine for longer trips. As per Federal Chamber of Automotive Industries (FCAI), conventional hybrid electric vehicle sales comprised 7.6% of the total automotive market as of August 2022, while plug-in hybrids made up 0.6%.
Market Segmentation
Australia Hybrid Vehicle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Vehicle Type
- Commercial Vehicles
- Passenger Car
Market Breakup by Electric Powertrain Type
- Series Hybrid
- Parallel Hybrid
- Power Split Hybrid
Market Breakup by Component
- Chassis
- Body
- Powertrain
- Electronics
- Others
Market Breakup by Hybridisation
- Plug-in Hybrid
- Mild Hybrid
- Fully Hybrid
Market Breakup by Propulsion
- NGV
- HEV
- PHEV
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Competitive Landscape
Market players are focused on expanding the range of available hybrid models, and addressing supply chain challenges to meet the rising demand for hybrid vehicles.
- Honda Motor Co., Ltd.
- Mercedes-Benz Group AG
- Toyota Motor Corporation
- Ford Motor Company
- Hyundai Motor Company
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Electric Powertrain Type |
|
| Breakup by Component |
|
| Breakup by Hybridisation |
|
| Breakup by Propulsion |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Hybrid Vehicle Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Hybrid Vehicle Historical Market (2018-2023)
8.3 Asia Pacific Hybrid Vehicle Market Forecast (2024-2032)
9 Australia Hybrid Vehicle Market Overview
9.1 Key Industry Highlights
9.2 Australia Hybrid Vehicle Historical Market (2018-2023)
9.3 Australia Hybrid Vehicle Market Forecast (2024-2032)
10 Australia Hybrid Vehicle Market by Vehicle Type
10.1 Commercial Vehicles
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Passenger Car
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Hybrid Vehicle Market by Electric Powertrain Type
11.1 Series Hybrid
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Parallel Hybrid
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Power Split Hybrid
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Australia Hybrid Vehicle Market by Component
12.1 Chassis
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Body
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Powertrain
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Electronics
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Australia Hybrid Vehicle Market by Hybridisation
13.1 Plug-in Hybrid
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mild Hybrid
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Fully Hybrid
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 Australia Hybrid Vehicle Market by Propulsion
14.1 NGV
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 HEV
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 PHEV
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
15 Australia Hybrid Vehicle Market by Region
15.1 New South Wales
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Victoria
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Queensland
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 Australian Capital Territory
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.5 Western Australia
15.5.1 Historical Trend (2018-2023)
15.5.2 Forecast Trend (2024-2032)
15.6 Others
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Honda Motor Co., Ltd.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Mercedes-Benz Group AG
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Toyota Motor Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Ford Motor Company
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Hyundai Motor Company
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Hybrid Vehicle Market: Key Industry Highlights, 2018 and 2032
2. Australia Hybrid Vehicle Market: Key Industry Highlights, 2018 and 2032
3. Australia Hybrid Vehicle Historical Market: Breakup by Vehicle Type (Thousand Units), 2018-2023
4. Australia Hybrid Vehicle Market Forecast: Breakup by Vehicle Type (Thousand Units), 2024-2032
5. Australia Hybrid Vehicle Historical Market: Breakup by Electric Powertrain Type (Thousand Units), 2018-2023
6. Australia Hybrid Vehicle Market Forecast: Breakup by Electric Powertrain Type (Thousand Units), 2024-2032
7. Australia Hybrid Vehicle Historical Market: Breakup by Component (Thousand Units), 2018-2023
8. Australia Hybrid Vehicle Market Forecast: Breakup by Component (Thousand Units), 2024-2032
9. Australia Hybrid Vehicle Historical Market: Breakup by Hybridization (Thousand Units), 2018-2023
10. Australia Hybrid Vehicle Market Forecast: Breakup by Hybridization (Thousand Units), 2024-2032
11. Australia Hybrid Vehicle Historical Market: Breakup by Propulsion (Thousand Units), 2018-2023
12. Australia Hybrid Vehicle Market Forecast: Breakup by Propulsion (Thousand Units), 2024-2032
13. Australia Hybrid Vehicle Historical Market: Breakup by Region (Thousand Units), 2018-2023
14. Australia Hybrid Vehicle Market Forecast: Breakup by Region (Thousand Units), 2024-2032
15. Australia Hybrid Vehicle Market Structure
Key Questions Answered in the Report
In 2023, the hybrid vehicle market attained 101.43 thousand units.
The market is expected to grow at a CAGR of 15.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to attain 389.84 thousand units by 2032.
The market is being driven due to increasing demand for environmentally friendly transportation options, government regulations promoting the adoption of hybrid vehicles, and the availability of a wide range of hybrid vehicles from various manufacturers.
Key trends aiding the market expansion include the growing investments in developing charging infrastructure across the country, preference for fully hybrid or mild hybrid vehicles among consumers, and enactment of stringent emission and fuel economy regulations.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on hybridisation, the market segmentations include plug-in hybrid, mild hybrid, and fully hybrid.
In terms of electric powertrain type, the market comprises series hybrid, parallel hybrid, and power split hybrid.
Key players in this market include Honda Motor Co., Ltd., Mercedes-Benz Group AG, Toyota Motor Corporation, Ford Motor Company, and Hyundai Motor Company, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER