| Product Code: ETC8156892 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives continues to see a significant rise in plug-in hybrid electric vehicle powertrain imports in 2024, with China, UK, Japan, Sri Lanka, and Turkey being the top exporting countries. The market remains moderately concentrated, indicating healthy competition. The impressive compound annual growth rate (CAGR) of 27.14% from 2020-2024 demonstrates the increasing demand for eco-friendly transportation solutions in the Maldives. Moreover, the growth rate of 27.0% from 2023-2024 highlights the sustained momentum in this market segment, reflecting a positive outlook for the future of plug-in hybrid electric vehicles in the country.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market - Industry Life Cycle |
3.4 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market - Porter's Five Forces |
3.5 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume Share, By Powertrain Type, 2021 & 2031F |
3.7 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume Share, By Position Type, 2021 & 2031F |
3.8 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and incentives for promoting environmentally friendly transportation solutions. |
4.2.2 Growing awareness and concern about air pollution and climate change, leading to a shift towards cleaner energy sources. |
4.2.3 Rising fuel prices driving interest in more fuel-efficient vehicles. |
4.2.4 Advancements in technology leading to improved performance and efficiency of plug-in hybrid electric vehicle powertrains. |
4.3 Market Restraints |
4.3.1 High initial cost of plug-in hybrid electric vehicles and powertrains compared to traditional vehicles. |
4.3.2 Lack of widespread charging infrastructure in the Maldives leading to range anxiety for potential buyers. |
4.3.3 Limited availability of models and options for plug-in hybrid electric vehicles in the market. |
4.3.4 Concerns about battery life and maintenance costs associated with plug-in hybrid electric vehicles. |
5 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Trends |
6 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market, By Types |
6.1 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Transmission, 2021- 2031F |
6.1.4 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Motor/Generator, 2021- 2031F |
6.1.5 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Battery, 2021- 2031F |
6.1.6 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Engine, 2021- 2031F |
6.1.7 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Controller, 2021- 2031F |
6.1.8 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Axles, 2021- 2031F |
6.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market, By Powertrain Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Series Hybrid, 2021- 2031F |
6.2.3 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Parallel Hybrid, 2021- 2031F |
6.3 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market, By Position Type |
6.3.1 Overview and Analysis |
6.3.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Front Wheel Drive, 2021- 2031F |
6.3.3 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Rear Wheel Drive, 2021- 2031F |
6.3.4 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By All Wheel Drive, 2021- 2031F |
6.4 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.4.3 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
7 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Import-Export Trade Statistics |
7.1 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Export to Major Countries |
7.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Imports from Major Countries |
8 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Key Performance Indicators |
8.1 Average annual growth rate of charging stations in the Maldives. |
8.2 Percentage increase in government subsidies or tax incentives for plug-in hybrid electric vehicles. |
8.3 Adoption rate of plug-in hybrid electric vehicles compared to traditional vehicles in the Maldives. |
8.4 Average cost reduction percentage in plug-in hybrid electric vehicle technology over a specific period. |
8.5 Number of charging stations per capita in the Maldives. |
9 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market - Opportunity Assessment |
9.1 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Opportunity Assessment, By Powertrain Type, 2021 & 2031F |
9.3 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Opportunity Assessment, By Position Type, 2021 & 2031F |
9.4 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market - Competitive Landscape |
10.1 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Revenue Share, By Companies, 2024 |
10.2 Maldives Plug-In Hybrid Electric Vehicle Powertrain Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |