Automotive Flex Fuel Engine Market
Automotive Flex Fuel Engine Market Global Industry Assessment & Forecast
#
Pages:
142
2021
Nov - 2021
VMR-2021-0575
Segments Covered
By
Engine Capacity Mid-size, Full-size
-
By
Fuel Type Gasoline, Diesel
-
By
Vehicle Type Passenger Cars, Commercial Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
8.72 Billion |
 Revenue 2028:
|
19.62 Billion |
 Revenue CAGR
(2021 - 2028): |
10.51% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Automotive Flex Fuel Engine Market - Global Market Assessment, 2021 - 2028
Automotive Flex Fuel Engine Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Flex Fuel Engine market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Flex Fuel Engine market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Flex Fuel Engine in terms of revenue?
-
The global Automotive Flex Fuel Engine valued at 8.72 Billion in 2020 and is expected to reach 19.62 Billion in 2028 growing at a CAGR of 10.51%%.
Which are the prominent players in the market?
-
The prominent players in the market are General Motors Company, AUDI, Mitsubishi Motors Corporation, Nissan Motor Co. Ltd., Ford Motor Company, Fiat Chrysler Automobiles, Volkswagen, Toyota Motor Corporation, Honda Motor Co. Ltd., Volvo Cars..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 10.51%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Flex Fuel Engine include
- The increasing stringent government regulation on vehicle emissions is one of the primary factors propelling the growth of the automotive flex-fuel engine market in the upcoming years. The use of ethanol cuts greenhouse gas emissions by half compared to other fuels. According to RFA analysis using the U.S. Department of Energy’s GREET model, the use of ethanol in gasoline in 2020 reduced CO2-equivalent greenhouse gas emissions from the transportation sector by 47.3 million metric tons which is equivalent to removing 10.1 million cars from the road for an entire year, or eliminating the annual emissions from 12 coal-fired power plants. Additionally, the European Union has set itself a target of net-zero greenhouse gas emissions by 2050. This in turn, is projected to support the growth of the market.
- The rising vehicle sale across the globe is anticipated to augment the growth of the automotive flex-fuel engine market during the forecast period. This is owing to the rapid urbanization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles which in turn is expected to support the growth of the automotive flex-fuel engine market in the forecast period.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Automotive Flex Fuel Engine in 2020.
