Hyderabad – Sep 18th, 2026 – According to Mordor Intelligence, the mild hybrid vehicles market size is expected to grow from USD 117.83 billion in 2026 to USD 164.56 billion by 2031, registering a CAGR of 6.91% during the forecast period.
The mild hybrid vehicles industry is being supported by tightening global CO₂ and fuel-economy regulations, the relatively low cost of 48V architectures, and declining lithium-ion battery prices. Automakers are using mild-hybrid systems as an electrification option to improve fuel efficiency while managing the costs associated with higher levels of vehicle electrification.
The market is also benefiting from the emergence of sodium-ion batteries, increasing fleet demand for fuel-efficient light commercial vehicles, and the wider adoption of over-the-air software upgrades. These developments are expanding the applications of mild-hybrid technology across passenger cars and commercial vehicles.
Key Trends Shaping the Mild Hybrid Vehicles Market
Tightening CO₂ Regulations Supporting Mild Hybrid Vehicles Market Growth
One of the key mild hybrid vehicles market trends is the tightening of global CO₂ and fuel-economy standards. Regulatory requirements in major automotive markets are encouraging manufacturers to adopt electrification technologies that can improve vehicle efficiency while meeting emissions targets.
48V Architecture Driving Mild Hybrid Vehicles Market Size Expansion
The 48V mild-hybrid architecture is playing an important role in expanding the mild hybrid vehicles market size. The 48V system accounted for 73.88% of the market share in 2025 and is projected to grow at an 8.91% CAGR through 2031. Its lower cost compared with higher-level hybrid systems is supporting adoption across mass-market vehicle platforms.
Falling Battery Costs Accelerating Mild Hybrid Vehicles Market Adoption
Declining lithium-ion battery prices and the emergence of sodium-ion technology are supporting the adoption of mild-hybrid systems. Lower battery costs can reduce the overall cost of 48V systems, particularly for light commercial vehicles and entry-level passenger cars.
Fleet Demand Supporting Mild Hybrid Vehicles Industry Expansion
Growing demand for fuel-efficient light commercial vans is creating additional opportunities for the mild hybrid vehicles industry. Light commercial vehicles are projected to register an 8.17% CAGR through 2031 as fleet operators seek fuel-saving technologies while managing charging-infrastructure limitations.
Mild Hybrid Vehicles Market Segmentation Analysis
By Vehicle Type
Passenger Cars
Light Commercial Vehicles (LCVs)
Medium and Heavy Commercial Vehicles (MHCVs)
By Hybrid System
12V Mild Hybrid System
24V Mild Hybrid System
48V Mild Hybrid System
By Propulsion Type
Gasoline Mild Hybrid
Diesel Mild Hybrid
By Battery Type
Lithium-Ion
Nickel-Metal Hydride (NiMH)
Others
By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Read this Report in Japanese Version: マイルドハイブリッド車市場シェア・規模 2031年展望
Mild Hybrid Vehicles Market Key Players and Competitive Landscape
The mild hybrid vehicles market includes major automotive manufacturers and technology suppliers developing 12V, 24V, and 48V hybrid systems. Companies are focusing on powertrain electrification, battery technologies, power electronics, and software-enabled vehicle functions.
Key players include:
Ford Motor Company
General Motors Company
Honda Motor Company Ltd
Hyundai Motor Company
Kia Motors Corporation
Nissan Motor Co. Ltd.
Mitsubishi Motors Corporation
Toyota Motor Corporation
Suzuki Motor Corporation
Volkswagen AG
BMW AG
Conclusion
The mild hybrid vehicles market forecast indicates steady growth through 2031, supported by tightening CO₂ and fuel-economy mandates, growing adoption of 48V architectures, declining battery costs, and increasing demand for fuel-efficient commercial vehicles.
However, declining battery-electric vehicle costs, thermal and electromagnetic compatibility limitations for high-power 48V components, tariff volatility, and inconsistent hybrid incentives in emerging markets remain important challenges for the industry.
Overall, the mild hybrid vehicles market is expected to continue expanding as automakers use 48V systems and other mild-hybrid technologies across passenger and commercial vehicle platforms. The development of lower-cost battery chemistries and software-enabled features is also expected to influence market growth through 2031.
Industry Related Reports
Commercial Vehicles Market: The Commercial Vehicle Market is projected to grow from USD 0.97 trillion in 2026 to USD 1.20 trillion by 2031, registering a CAGR of 4.48% during the forecast period. The market’s growth is driven by increasing demand for freight and logistics transportation, expanding e-commerce and last-mile delivery activities, rising infrastructure and construction projects, and the growing need for efficient and reliable commercial transportation solutions.
Electric Vehicle Market: The Electric Vehicle Market is projected to grow from USD 0.77 trillion in 2026 to USD 1.34 trillion by 2031, registering a CAGR of 11.68% during the forecast period. The market’s growth is driven by increasing adoption of electric mobility, growing demand for low-emission transportation, supportive government policies and incentives, expanding charging infrastructure, and continued advancements in electric vehicle technologies.
About Mordor Intelligence
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
Media ContactCompany Name: Mordor Intelligence Private LimitedContact Person: Jignesh ThakkarEmail: Send EmailPhone: +1 617-765-2493Address:11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: HyderabadState: Telangana 500008Country: IndiaWebsite: https://www.mordorintelligence.com/
