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Flex Fuel Engine Market

Flex Fuel Engine Market Size, Share and Segmentation by Engine Capacity Type (Full-size Engine, Compact-size Engine), by Fuel Type (Diesel, Gasoline), by Vehicle Type (Passenger car, Commercial vehicle), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1073 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Flex Fuel Engine Market Size was valued at USD 67.71 billion in 2021 and is expected to reach USD 100.47 billion by 2028 and grow at a CAGR of 5.8% over the forecast period 2022-2028.

An internal combustion engine in a flexible-fuel vehicle (FFV) may run on a blend of fuels, most often gasoline and ethanol. According to the US Department of Energy, FFVs in the United States are optimized to run on E85, a gasoline-ethanol blend comprising 51 to 83 percent ethanol. The composition of E85 changes by location and season to ensure that the car can start in cold weather. Leading automakers have increased their efforts to develop flex-fuel engines for passenger and commercial vehicles, creating a significant potential opportunity for the flex-fuel engine market.

Flex Fuel Engine Market Revenue Graph

Other micro variables such as rising disposable income levels and urbanization will further drive the automobile industry, resulting in increased demand for automotive flex-fuel engines. Furthermore, heavy commercial vehicles emit massive amounts of carbon, necessitating the installation of a flex-fuel engine in place of traditional engines to manage emissions.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • The reliance on foreign oil has been greatly decreased.

  • Demand for carbon-neutral vehicles is increasing.

  • The market is seeing a rise in awareness about the prudent use of oil.

  • Because it is a natural resource, there is a risk of rising prices.

RESTRAINTS: 

  • The enormous expense connected with the production, persistence, and use of ethanol has seen a significant increase.

  • Concerns about engine damage

  • Flex-fuel stations are scarce.

  • The market's growth is projected to be limited by the development of electric and hybrid electric vehicles.

OPPORTUNITIES: 

  • The deployment of more environmentally friendly car technologies.

  • The number of government and private sector activities to develop and implement greener car technology is increasing.

CHALLENGES: 

  • Concerns about the depletion of fossil fuels.

  • Concerns about engine damage.

IMPACT OF COVID-19:

The COVID-19 situation is causing market uncertainty, a significant slowdown in the supply chain, a drop in corporate confidence, and an increase in panic among client segments. Different governments have already announced entire lockdowns and temporary shutdowns of industry, negatively impacting overall production and sales. Across the globe, countries have imposed harsh limitations ranging from days to months of lockdown. Many businesses have ceased operations as a result of the pandemic and are waiting for market conditions to improve. The virus's quick spread has had a major impact on the automotive industry, which has an influence on the flex-fuel engine business. The flex-fuel engine maintenance schedule was disrupted as a result of the increased difficulties, resulting in significant expenses for fleet owners and engine manufacturers.

KEY MARKET PLAYERS:

The most significant major key players in the global automotive flex-fuel engine market: Volvo Cars (Sweden), Mitsubishi Motors Corporation (Japan), Fiat Chrysler Automobiles (UK), Toyota Motor Corporation (Japan), AUDI (Germany), Nissan Motor Co. Ltd. (Japan), General Motors Company (US), Honda Motor Co. Ltd. (Japan), Volkswagen (Germany), Ford Motor Company (US).

MARKET ESTIMATION: 

Market, By Engine Capacity Type:

The market is divided into two categories based on the kind of engine capacity: compact-size engines and full-size engines. Compact engine designs are expanding to integrate additional technologies aimed at improving performance while also reducing vehicle weight. Because they are used in light vehicles, they are cost-effective and use less fuel.

Market, By Fuel Type:

The market is divided into fuel types, which are further divided into gasoline and diesel. Currently, gasoline has a sizable market share, with sales of gasoline-powered automobiles outnumbering diesel-powered vehicles. In India, for example, 67 percent of petrol automobiles were sold in 2020, compared to 29 percent for diesel.

Market, by Vehicle Type:

On the market, there are two sorts of automobiles: passenger cars and commercial vehicles. With more disposable income and a higher level of living, demand for passenger vehicles has increased dramatically. Furthermore, in today's world, owning a car has become a status symbol, which has influenced passenger vehicle demand.

MARKET SEGMENTATION:

By Engine Capacity Type:

  • Full-size Engine
  • Compact-size Engine

By Fuel Type:

  • Diesel
  • Gasoline

By Vehicle Type:

  • Passenger cars
  • Commercial vehicles

Flex Fuel Engine Market Segment Chart

REGIONAL ANALYSIS:

The global automobile flex-fuel market has been segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The North American region holds the highest market share in the global market, owing to the existence of nations such as the United States, Canada, and Mexico, which drive market demand in this area. Furthermore, rising demand for fuel-efficient vehicles, combined with rising per capita income, leads to increased market demand.

The Asia-Pacific region, as the fastest-emerging area, holds the second-largest market share in the global market, owing to the existence of highly populous countries such as India, China, Australia, and other countries that drive market demand.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Flex Fuel Engine Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 67.71 Billion
Market Size by 2028 US$ 100.47 Billion
CAGR CAGR of 5.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Engine Capacity Type (Full-size Engine, Compact-size Engine)
• by Fuel Type (Diesel, Gasoline)
• by Vehicle Type (Passenger car, Commercial vehicle)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Volvo Cars (Sweden), Mitsubishi Motors Corporation (Japan), Fiat Chrysler Automobiles (UK), Toyota Motor Corporation (Japan), AUDI (Germany), Nissan Motor Co. Ltd. (Japan), General Motors Company (US), Honda Motor Co. Ltd. (Japan), Volkswagen (Germany), Ford Motor Company (US).
Key Drivers •The reliance on foreign oil has been greatly decreased.

•Demand for carbon-neutral vehicles is increasing.
RESTRAINTS •The enormous expense connected with the production, persistence, and use of ethanol has seen a significant increase.

•Concerns about engine damage


Frequently Asked Questions (FAQ) :

Ans:- The market size is expected to reach USD 100.47 billion by 2028.

Ans:- A vehicle with an internal combustion engine that can run on a variety of fuels, most often gasoline and ethanol.

Ans:- The reliance on foreign oil & demand for carbon-neutral vehicles are expected to drive the expansion of flex-fuel engines in India.

Ans:- The North American region is anticipated to be the primary driver of the market.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Flex Fuel Engine Market Segmentation, by Engine Capacity

8.1 Full-size Engine

8.2 Compact-size Engine

 

9. Global Flex Fuel Engine Market Segmentation, by Fuel Type

9.1 Gasoline

9.2 Diesel

 

10. Global Flex Fuel Engine Market Segmentation, by Vehicle Type

10.1 Passenger cars

10.2 Commercial vehicles

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Ford Motor Company (US),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Volvo Cars (Sweden)

12.3 Mitsubishi Motors Corporation (Japan)

12.4 Fiat Chrysler Automobiles (UK)

12.5 Toyota Motor Corporation (Japan)

12.6 AUDI (Germany)

12.7 Nissan Motor Co. Ltd. (Japan)

12.8 General Motors Company (US)

12.9 Honda Motor Co. Ltd. (Japan)

12.10 Volkswagen (Germany)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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