Pune, India, Feb. 07, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global flex fuel engine market size was remunerated at USD 63.21 billion in 2020 and is expected to expand at 5.6% CAGR to accumulate over USD 92.6 billion over the study duration.
The research literature highlights different market segments based on fuel type, vehicle range, blend, and regional landscape. It also includes the competitive landscape, which can assist organizations in formulating lucrative strategies to assure high profitability.
Rising environmental regulations and stricter vehicle emission norms are the major factors driving market growth. For instance, as per the World Forum Organization in 2020, different countries are enacting strict laws and regulations to reduce environmental deterioration. France is implementing strict vehicle laws, such as increased taxes on high-polluting vehicles. Owners of automobiles that emit more than 184g/km CO2 are required to pay an extra USD 14,000 to the government.
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Moreover, limited fossil-fuel reserves are favoring the industry outlook. Rising demand for sustainable automotive technologies is further adding traction to the overall market size. On the downside, concerns regarding the engine damage are likely to hinder the market progression over the projected timeframe.
For the record, a flex fuel engine is one that can run on more than one fuel or a combination of fuels, such as ethanol and gasoline. It is suitable for both passenger and commercial vehicles.
Market segmentation overview
Based on fuel type, worldwide flex fuel engine industry is segmented into gasoline and diesel. Speaking of vehicle type, the marketplace is divided into passenger vehicles and commercial vehicles. On the basis of blend, the business space is categorized into above E85, E25 to E85, E10 to E25, and others.
An overview of the geographical outlook
The geographical analysis of global flex fuel engine industry involves Asia Pacific, Europe, North America, and Latin America regions. Experts cite that Europe is slated to garner significant returns for the market participants over the estimated timeline, owing to rising concerns towards environment, along with government and consumer awareness towards the adoption of ecofriendly products in the region.
Meanwhile, Asia Pacific market is expected to showcase a strong growth rate over the analysis period, on account of stringent government laws and increasing awareness towards sustainable development.
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Global Flex Fuel Engine Market, by Fuel Type (Revenue, USD Billion, 2018-2027)
- Gasoline
- Diesel
Global Flex Fuel Engine Market, by Vehicle Type (Revenue, USD Billion, 2018-2027)
- Passenger vehicles
- Commercial vehicles
Global Flex Fuel Engine Market, by Blend (Revenue, USD Billion, 2018-2027)
- E10 to E25
- E25 to E85
- Above E85
- Others
Global Flex Fuel Engine Market, by Regional Terrain (Revenue, USD Billion, 2018-2027)
North America
- U.S.
- Canada
Latin America
- Mexico
- Brazil
Asia Pacific
- China
- Japan
- Australia
- India
- South Korea
- Rest of Asia-Pacific
Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
Rest of the World
Global Flex Fuel Engine Market, Competitive Dashboard (Revenue, USD Billion, 2018-2027)
- Volkswagen AG
- Toyota Motor Corporation
- Nissan Motor Co. Ltd.
- Mitsubishi Motors Corporation
- Honda Motor Co., Ltd.
- General Motors Company
- Ford Motor Company
- Fiat Chrysler Automobiles N.V.
- Cummins Inc.
- AB Volvo
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Flex Fuel Engine Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Flex Fuel Engine Market, by Fuel, 2019-2027 (USD Billion)
1.2.3. Global Flex Fuel Engine Market, by Vehicle, 2019-2027 (USD Billion)
1.2.4. Global Flex Fuel Engine Market, by Blend, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Flex Fuel Engine Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Flex Fuel Engine Market Dynamics
3.1. Flex Fuel Engine Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing environmental regulations and vehicle emission norms
3.1.1.2. Limited fossil-fuel reserves
3.1.2. Market Challenges
3.1.2.1. Engine damage concerns
3.1.3. Market Opportunities
3.1.3.1. Increasing demand for sustainable automotive technologies
Chapter 4. Global Flex Fuel Engine Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Flex Fuel Engine Market, by Fuel
6.1. Market Snapshot
6.2. Global Flex Fuel Engine Market by Fuel, Performance - Potential Analysis
6.3. Global Flex Fuel Engine Market Estimates & Forecasts by Fuel, 2018-2027 (USD Billion)
6.4. Flex Fuel Engine Market, Sub Segment Analysis
6.4.1. Gasoline
6.4.2. Diesel
Chapter 7. Global Flex Fuel Engine Market, by Vehicle
7.1. Market Snapshot
7.2. Global Flex Fuel Engine Market by Vehicle, Performance - Potential Analysis
7.3. Global Flex Fuel Engine Market Estimates & Forecasts by Vehicle, 2018-2027 (USD Billion)
7.4. Flex Fuel Engine Market, Sub Segment Analysis
7.4.1. Passenger vehicles
7.4.2. Commercial vehicles
Chapter 8. Global Flex Fuel Engine Market, by Blend
8.1. Market Snapshot
8.2. Global Flex Fuel Engine Market by Blend, Performance - Potential Analysis
8.3. Global Flex Fuel Engine Market Estimates & Forecasts by Blend, 2018-2027 (USD Billion)
8.4. Flex Fuel Engine Market, Sub Segment Analysis
8.4.1. E10 to E25
8.4.2. E25 to E85
8.4.3. Above E85
8.4.4. Others
Chapter 9. Global Flex Fuel Engine Market, Regional Analysis
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