With the ever rising concerns regarding the volatile nature of crude oil prices and the impact of global warming due to rising carbon emissions, the global automobile players are investing huge amounts of money into the development of advanced alternative fuel vehicles over the recent past. The concept of hybrids has emerged as the most viable solution to deal with these problems and is gaining considerable attention of major industry players. According to RNCOS’s new research report, “Hybrid Car Market Forecast to 2012“, the global hybrid car sales will grow at a CAGR of 20% between 2009 and 2012.
Their team of industry experts has undertaken an extensive research to identify the present and future trends in the global hybrid car market at the regional level. Among all the major geographic markets, their research has said that the European region will have one of the highest growth rates in terms of hybrid car sales. The report highlights the factors that will make the region one of the fastest growing hybrid car markets in the world. Their report forecasts that the number of hybrid car sales in Europe will grow at a CAGR of over 23% between 2009 and 2012.
They have also studied the European hybrid car market to identify those European countries which will play a critical role in the overall development of region’s hybrid car market. Various countries covered as part of their research includes UK, Netherlands, Germany, Sweden and France. Their country level analysis projects that the hybrid car market in UK, Netherland, German and Sweden will grow at a CAGR of around 23%, over 25%, around 26% and over 25% respectively between 2009 and 2012.
“Hybrid Car Market Forecast to 2012” offers a comprehensive review of the global hybrid car market. Thorough evaluation of the current industry trends and developments vital for the success of overall hybrid car market has been done in the report. Besides, the report provides detailed analysis of key automobile companies worldwide, including study of their strengths, weaknesses, opportunities and threats.
Press Release dated March 9, 2010
