North America Micro-hybrid Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The North America Micro-hybrid Vehicles Market is segmented by Capacity (12V Micro Hybrid, 48V Micro Hybrid, Others), Vehicle Type (Passenger Cars, Commercial Vehicles), by Battery Type (Lead-Acid, Lithium-ion, and Others), and by Country.

North America Micro-hybrid Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Micro-hybrid Vehicles Industry Overview

The North America micro-hybrid vehicles market is dominated by major players like General Motors, Toyota Motor Corporation, BMW AG, and Daimler AG. The manufacturers are strategically increasing their production capabilities and developing new and advanced micro-hybrid engines to gain an advantage in the market. For instance,

  • In 2020, Kubota launches its V3307 Micro-Hybrid prototype in North America. The company's micro-hybrid system contains an AC synchronous motor-generator, a DC/DC converter, and a 48V lithium-ion battery, along with the 55.4 kW V3307 diesel engine, which can provide electrical power boost of up to 10kW.
  • In 2020, Toyota Motor Manufacturing West Virginia (TMMWV) manufactured its first hybrid transaxle in North America. The transaxles were built for the Toyota Sienna and Highlander hybrid vehicles. The company has made an initial USD 113 million investment in late 2017 for yearly production of 120,000 hybrid transaxles.

North America Micro-hybrid Vehicles Market Leaders

  1. General Motors

  2. BMW Group

  3. Toyota Motor Corporation

  4. Daimler AG

  5. Hyundai Motor Company

  6. *Disclaimer: Major Players sorted in no particular order
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North America Micro-hybrid Vehicles Market Report Snapshots

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