Top 5 Emerging Countries Hybrid and Electric Cars Market Summary, Competitive Analysis and Forecast, 2017-2026

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The top 5 emerging countries, which include Brazil, China, India, Mexico, and South Africa, contributed $295.66 billion in 2021 to the global hybrid & electric cars industry. The hybrid & electric cars industry in the top 5 emerging countries is expected to grow at a CAGR of more than 22% during 2021-2026. The top 5 emerging countries hybrid & electric cars market research report provides top-line qualitative and quantitative summary information including market size and forecast. The profile also contains descriptions of the leading players including key financial metrics and an analysis of competitive pressures within the market.

Top 5 Emerging Countries Hybrid and Electric Cars Market Summary

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Key Nation in the Top 5 Emerging Countries Hybrid and Electric Cars Market

The top 5 emerging countries include China, Brazil, India, Mexico, and South Africa. China is leading the top 5 emerging countries hybrid & electric cars market in terms of revenue.

China

The Chinese market saw decelerated sales growth in 2021 compared to 2020. Although consumer confidence improved during 2021, as the COVID-19 pandemic had receded, pent-up demand was largely exhausted during the second half of 2020. Moreover, the COVID-19 pandemic exacerbated the already strenuous supply conditions in the semiconductor industry, on which the automotive industry and particular electric cars are reliant for crucial input parts.

Additionally, in a bid to relieve the impact of the pandemic and support the market and the local automotive industry, the government announced that the purchase of electric cars and plug-in hybrids will remain exempt from VAT until the end of 2022, extending the initial plan of ending it after 2020. 

Brazil

The market is set to follow a double-digit growth during the forecast period as the adoption of hybrid and electric cars will continue to increase, driven by increasing affordability and a greater number of offerings, also facilitated by government incentives and expanding infrastructure.

India

The Indian market saw decelerated sales growth in 2021 compared to 2020. However, the sales of hybrid and electric cars will continue to grow strongly over the coming years given that the market is set to expand both in demand and supply terms. 

Mexico

In Mexico, the share of hybrid and electric car sales has grown from 2017 to 2021, according to in-house research, indicating a relatively low adoption rate compared to other markets. The sales of hybrid and electric cars will continue to grow strongly over the coming years given that the market is set to expand both in demand and supply terms. 

South Africa

The South African market saw accelerated sales growth in 2021 compared to 2020. Sales were stronger in 2021 through pent-up demand, as consumer confidence improved after a turbulent year characterized by lockdown measures and economic uncertainty. Moreover, the monetary stimulus in response to the economic recession brought by the COVID-19 pandemic supported new car sales through cheap credit.

Leading Nation in the Top 5 Emerging Countries Hybrid and Electric Cars Market, by Revenue

Leading Nation in the Top 5 Emerging Countries Hybrid and Electric Cars Market, by Revenue

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Key Company in the Top 5 Emerging Countries Hybrid and Electric Cars Market

There are many companies in the top 5 emerging countries hybrid and electric cars market such as Toyota Motor Corporation, Bayerische Motoren Werke AG, General Motors Company, BYD Company Limited, BAIC Motor Corporation Ltd, SAIC Motor Corp Ltd, Tesla, Inc., Tata Motors Limited, and Hyundai Corporation.

Toyota Motor Corporation

Toyota Motor Corporation (Toyota or ‘the company’) is a manufacturer and seller of motor vehicles. The company is headquartered in Toyota City, Aichi, Japan.

Tesla

Tesla, Inc. (Tesla or ‘the company’) is a US-based automotive company that designs, manufactures, and markets electric vehicles, components, and energy storage and generation systems. The company is headquartered in Palo Alto, California, the US. 

General Motors Company

General Motors Company (GM or ‘the company’) is engaged in the design, development, production, and marketing of cars, trucks, and automobile parts. The company is headquartered in Detroit, Michigan, US.

BYD Company

BYD Company Limited (BYD or ‘the company’) manufactures and sell automobile and related products. The key customers of the company include the top brands such as Huawei, Samsung, Apple, Lenovo, Vivo, Xiaomi, Dell, and global leading professional robot brands such as Ecovacs and iRobot. BYD is headquartered in Shenzhen, Guangdong, China.

Market Report Overview

Market Size 2021 $295.66 billion
CAGR % (2021-2026) >22%
Key Top 5 Emerging Countries Brazil, China, India, Mexico, and South Africa
Leading country China
Key Companies Toyota Motor Corporation, Bayerische Motoren Werke AG, General Motors Company, BYD Company Limited, BAIC Motor Corporation Ltd, SAIC Motor Corp Ltd, Tesla, Inc., Tata Motors Limited, and Hyundai Corporation

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the top 5 emerging hybrid & electric car industry
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the top 5 emerging hybrid & electric car industry
  • Leading company profiles reveal details of key hybrid & electric car industry players’ top 5 emerging operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the top 5 emerging hybrid & electric car Industry with five year forecasts by both value and volume
  • Compares data from Brazil, China, India, Mexico, and South Africa, alongside individual chapters on each country

Reasons to Buy

The report includes:

  • The size of the top 5 emerging hybrid & electric car industry by value in 2021
  • The size of the top 5 emerging hybrid & electric car industry in 2026
  • Factors are affecting the strength of competition in the top 5 emerging hybrid & electric car industry
  • The industry performance over the last five years
  • The top competitors in the top 5 emerging hybrid & electric car industry

Toyota Motor Corporation
Bayerische Motoren Werke AG
General Motors Company
BYD Company Limited
BAIC Motor Corporation Ltd
SAIC Motor Corp Ltd
Tata Motors Limited
Hyundai Corporation
Tesla, Inc.

Table of Contents

Table of Contents

1 Introduction

1.1. What is this report about?

1.2. Who is the target reader?

1.3. How to use this report

1.4. Definitions

2 Top 5 Emerging Countries Hybrid & Electric Cars

2.1. Industry Outlook

3 Hybrid & Electric Cars in South Africa

3.1. Market Overview

3.2. Market Data

3.3. Market Segmentation

3.4. Market outlook

3.5. Five forces analysis

4 Macroeconomic Indicators

4.1. Country data

5 Hybrid & Electric Cars in Brazil

5.1. Market Overview

5.2. Market Data

5.3. Market Segmentation

5.4. Market outlook

5.5. Five forces analysis

6 Macroeconomic Indicators

6.1. Country data

7 Hybrid & Electric Cars in China

7.1. Market Overview

7.2. Market Data

7.3. Market Segmentation

7.4. Market outlook

7.5. Five forces analysis

8 Macroeconomic Indicators

8.1. Country data

9 Hybrid & Electric Cars in India

9.1. Market Overview

9.2. Market Data

9.3. Market Segmentation

9.4. Market outlook

9.5. Five forces analysis

10 Macroeconomic Indicators

10.1. Country data

11 Hybrid & Electric Cars in Mexico

11.1. Market Overview

11.2. Market Data

11.3. Market Segmentation

11.4. Market outlook

11.5. Five forces analysis

12 Macroeconomic Indicators

12.1. Country data

13 Company Profiles

13.1. Toyota Motor Corporation

13.2. Bayerische Motoren Werke AG

13.3. General Motors Company

13.4. BYD Company Limited

13.5. BAIC Motor Corporation Ltd

13.6. SAIC Motor Corp Ltd

13.7. Tata Motors Limited

13.8. Hyundai Corporation

13.9. Tesla, Inc.

14 Appendix

14.1. Methodology

14.2. About GlobalData

Table

List of Tables

Table 1: Top 5 emerging countries hybrid & electric cars industry, revenue ($m), 2017-26

Table 2: Top 5 emerging countries hybrid & electric cars industry, revenue ($m), 2017-21

Table 3: Top 5 emerging countries hybrid & electric cars industry forecast, revenue ($m), 2021-26

Table 4: South Africa hybrid & electric cars market value: $ million, 2017–21

Table 5: South Africa hybrid & electric cars market volume: Cars, 2017–21

Table 6: South Africa hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 7: South Africa hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 8: South Africa hybrid & electric cars market geography segmentation: $ million, 2021

Table 9: South Africa hybrid & electric cars market value forecast: $ million, 2021–26

Table 10: South Africa hybrid & electric cars market volume forecast: Cars, 2021–26

Table 11: South Africa size of population (million), 2017–21

Table 12: South Africa gdp (constant 2005 prices, $ billion), 2017–21

Table 13: South Africa gdp (current prices, $ billion), 2017–21

Table 14: South Africa inflation, 2017–21

Table 15: South Africa consumer price index (absolute), 2017–21

Table 16: South Africa exchange rate, 2017–21

Table 17: Brazil hybrid & electric cars market value: $ million, 2017–21

Table 18: Brazil hybrid & electric cars market volume: Cars, 2017–21

Table 19: Brazil hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 20: Brazil hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 21: Brazil hybrid & electric cars market geography segmentation: $ million, 2021

Table 22: Brazil hybrid & electric cars market value forecast: $ million, 2021–26

Table 23: Brazil hybrid & electric cars market volume forecast: Cars, 2021–26

Table 24: Brazil size of population (million), 2017–21

Table 25: Brazil gdp (constant 2005 prices, $ billion), 2017–21

Table 26: Brazil gdp (current prices, $ billion), 2017–21

Table 27: Brazil inflation, 2017–21

Table 28: Brazil consumer price index (absolute), 2017–21

Table 29: Brazil exchange rate, 2017–21

Table 30: China hybrid & electric cars market value: $ million, 2017–21

Table 31: China hybrid & electric cars market volume: Cars, 2017–21

Table 32: China hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 33: China hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 34: China hybrid & electric cars market geography segmentation: $ million, 2021

Table 35: China hybrid & electric cars market value forecast: $ million, 2021–26

Table 36: China hybrid & electric cars market volume forecast: Cars, 2021–26

Table 37: China size of population (million), 2017–21

Table 38: China gdp (constant 2005 prices, $ billion), 2017–21

Table 39: China gdp (current prices, $ billion), 2017–21

Table 40: China inflation, 2017–21

Table 41: China consumer price index (absolute), 2017–21

Table 42: China exchange rate, 2017–21

Table 43: India hybrid & electric cars market value: $ million, 2017–21

Table 44: India hybrid & electric cars market volume: Cars, 2017–21

Table 45: India hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 46: India hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 47: India hybrid & electric cars market geography segmentation: $ million, 2021

Table 48: India hybrid & electric cars market value forecast: $ million, 2021–26

Table 49: India hybrid & electric cars market volume forecast: Cars, 2021–26

Table 50: India size of population (million), 2017–21

Table 51: India gdp (constant 2005 prices, $ billion), 2017–21

Table 52: India gdp (current prices, $ billion), 2017–21

Table 53: India inflation, 2017–21

Table 54: India consumer price index (absolute), 2017–21

Table 55: India exchange rate, 2017–21

Table 56: Mexico hybrid & electric cars market value: $ million, 2017–21

Table 57: Mexico hybrid & electric cars market volume: Cars, 2017–21

Table 58: Mexico hybrid & electric cars market category segmentation: % share, by volume, 2017–2021

Table 59: Mexico hybrid & electric cars market category segmentation: Cars, 2017-2021

Table 60: Mexico hybrid & electric cars market geography segmentation: $ million, 2021

Table 61: Mexico hybrid & electric cars market value forecast: $ million, 2021–26

Table 62: Mexico hybrid & electric cars market volume forecast: Cars, 2021–26

Table 63: Mexico size of population (million), 2017–21

Table 64: Mexico gdp (constant 2005 prices, $ billion), 2017–21

Table 65: Mexico gdp (current prices, $ billion), 2017–21

Table 66: Mexico inflation, 2017–21

Table 67: Mexico consumer price index (absolute), 2017–21

Table 68: Mexico exchange rate, 2017–21

Table 69: Toyota Motor Corporation: key facts

Table 70: Toyota Motor Corporation: Annual Financial Ratios

Table 71: Toyota Motor Corporation: Key Employees

Table 72: Toyota Motor Corporation: Key Employees Continued

Table 73: Toyota Motor Corporation: Key Employees Continued

Table 74: Bayerische Motoren Werke AG: key facts

Table 75: Bayerische Motoren Werke AG: Annual Financial Ratios

Table 76: Bayerische Motoren Werke AG: Key Employees

Table 77: Bayerische Motoren Werke AG: Key Employees Continued

Table 78: General Motors Company: key facts

Table 79: General Motors Company: Annual Financial Ratios

Table 80: General Motors Company: Key Employees

Table 81: General Motors Company: Key Employees Continued

Table 82: General Motors Company: Key Employees Continued

Table 83: BYD Company Limited: key facts

Table 84: BYD Company Limited: Annual Financial Ratios

Table 85: BYD Company Limited: Key Employees

Table 86: BAIC Motor Corporation Ltd: key facts

Table 87: BAIC Motor Corporation Ltd: Annual Financial Ratios

Table 88: BAIC Motor Corporation Ltd: Key Employees

Table 89: SAIC Motor Corp Ltd: key facts

Table 90: SAIC Motor Corp Ltd: Annual Financial Ratios

Table 91: SAIC Motor Corp Ltd: Key Employees

Table 92: Tata Motors Limited: key facts

Table 93: Tata Motors Limited: Annual Financial Ratios

Table 94: Tata Motors Limited: Key Employees

Table 95: Hyundai Corporation: key facts

Table 96: Hyundai Corporation: Annual Financial Ratios

Table 97: Hyundai Corporation: Key Employees

Table 98: Tesla, Inc.: key facts

Table 99: Tesla, Inc.: Annual Financial Ratios

Table 100: Tesla, Inc.: Key Employees

Figures

List of Figures

Figure 1: Top 5 emerging countries hybrid & electric cars industry, revenue ($m), 2017-26

Figure 2: Top 5 emerging countries hybrid & electric cars industry, revenue ($m), 2017-21

Figure 3: Top 5 emerging countries hybrid & electric cars industry forecast, revenue ($m), 2021-26

Figure 4: South Africa hybrid & electric cars market value: $ million, 2017–21

Figure 5: South Africa hybrid & electric cars market volume: Cars, 2017–21

Figure 6: South Africa hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 7: South Africa hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 8: South Africa hybrid & electric cars market value forecast: $ million, 2021–26

Figure 9: South Africa hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 10: Forces driving competition in the hybrid & electric cars market in South Africa, 2021

Figure 11: Drivers of buyer power in the hybrid & electric cars market in South Africa, 2021

Figure 12: Drivers of supplier power in the hybrid & electric cars market in South Africa, 2021

Figure 13: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in South Africa, 2021

Figure 14: Factors influencing the threat of substitutes in the hybrid & electric cars market in South Africa, 2021

Figure 15: Drivers of degree of rivalry in the hybrid & electric cars market in South Africa, 2021

Figure 16: Brazil hybrid & electric cars market value: $ million, 2017–21

Figure 17: Brazil hybrid & electric cars market volume: Cars, 2017–21

Figure 18: Brazil hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 19: Brazil hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 20: Brazil hybrid & electric cars market value forecast: $ million, 2021–26

Figure 21: Brazil hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 22: Forces driving competition in the hybrid & electric cars market in Brazil, 2021

Figure 23: Drivers of buyer power in the hybrid & electric cars market in Brazil, 2021

Figure 24: Drivers of supplier power in the hybrid & electric cars market in Brazil, 2021

Figure 25: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in Brazil, 2021

Figure 26: Factors influencing the threat of substitutes in the hybrid & electric cars market in Brazil, 2021

Figure 27: Drivers of degree of rivalry in the hybrid & electric cars market in Brazil, 2021

Figure 28: China hybrid & electric cars market value: $ million, 2017–21

Figure 29: China hybrid & electric cars market volume: Cars, 2017–21

Figure 30: China hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 31: China hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 32: China hybrid & electric cars market value forecast: $ million, 2021–26

Figure 33: China hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 34: Forces driving competition in the hybrid & electric cars market in China, 2021

Figure 35: Drivers of buyer power in the hybrid & electric cars market in China, 2021

Figure 36: Drivers of supplier power in the hybrid & electric cars market in China, 2021

Figure 37: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in China, 2021

Figure 38: Factors influencing the threat of substitutes in the hybrid & electric cars market in China, 2021

Figure 39: Drivers of degree of rivalry in the hybrid & electric cars market in China, 2021

Figure 40: India hybrid & electric cars market value: $ million, 2017–21

Figure 41: India hybrid & electric cars market volume: Cars, 2017–21

Figure 42: India hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 43: India hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 44: India hybrid & electric cars market value forecast: $ million, 2021–26

Figure 45: India hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 46: Forces driving competition in the hybrid & electric cars market in India, 2021

Figure 47: Drivers of buyer power in the hybrid & electric cars market in India, 2021

Figure 48: Drivers of supplier power in the hybrid & electric cars market in India, 2021

Figure 49: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in India, 2021

Figure 50: Factors influencing the threat of substitutes in the hybrid & electric cars market in India, 2021

Figure 51: Drivers of degree of rivalry in the hybrid & electric cars market in India, 2021

Figure 52: Mexico hybrid & electric cars market value: $ million, 2017–21

Figure 53: Mexico hybrid & electric cars market volume: Cars, 2017–21

Figure 54: Mexico hybrid & electric cars market category segmentation: Cars, 2017-2021

Figure 55: Mexico hybrid & electric cars market geography segmentation: % share, by value, 2021

Figure 56: Mexico hybrid & electric cars market value forecast: $ million, 2021–26

Figure 57: Mexico hybrid & electric cars market volume forecast: Cars, 2021–26

Figure 58: Forces driving competition in the hybrid & electric cars market in Mexico, 2021

Figure 59: Drivers of buyer power in the hybrid & electric cars market in Mexico, 2021

Figure 60: Drivers of supplier power in the hybrid & electric cars market in Mexico, 2021

Figure 61: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in Mexico, 2021

Figure 62: Factors influencing the threat of substitutes in the hybrid & electric cars market in Mexico, 2021

Figure 63: Drivers of degree of rivalry in the hybrid & electric cars market in Mexico, 2021

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