Automotive Flex Fuel Engine Market Global Industry analysis done by Engine Capacity Type (Compact-Size Engine, Full-Size Engine), Fuel Type (Gasoline, Diesel), and Vehicle Type (Passenger Car, Commercial Vehicle) and Region – Forecast till 2023.
Global Automotive Flex Fuel Engine Market Highlights:
A flexible fuel engine or dual-fuel engine is also called flex-fuel engine that can operate on two different fuels from the same tank. Market Research Future (MRFR) has published a research report about the global automotive flex fuel engine market that infers boost for this market with 6% CAGR (Compound Annual Growth Rate) between 2018 and 2023.
The major market factors driving the growth of the global automotive flex fuel engine market include the advantages of flex-fuel engines that include easy to start, flexible, fuel mixture sensor, reduced petroleum content, reduced emissions, and resource saving.
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Automotive Flex Fuel Engine Market Key Companies Studied in this report are: AUDI (Germany), Fiat Chrysler Automobiles (UK), Ford Motor Company (USA), General Motors Company (USA), Honda Motor Co. Ltd. (Japan), Mitsubishi Motors Corporation (Japan), Nissan Motor Co. Ltd. (Japan), Toyota Motor Corporation (Japan), Volkswagen (Germany), and Volvo Cars (Sweden).
Other important market drivers are advanced power systems for vehicles, cleaner alternative fuels, depleting natural sources of diesel, rising vehicle emission norms, and stringent environmental regulations. Today, the ethanol is popular in flex-fuel vehicles. However, the high production cost of ethanol can hinder the market growth.
Market Segments Analysis:
The global automotive flex fuel engine market has been segmented on the basis of engine capacity, fuel, vehicle type, and lastly, region. With regards to engine capacity, this market has been segmented into compact-size and full-size. The fuel-based segmentation segments the market into diesel and gasoline. By vehicle type, the market has been segmented into the commercial vehicle and passenger car.
The regional segmentation of the global automotive flex fuel engine market segments the market into continent-based regional markets known as North America, Europe, Asia Pacific, and rest of the world (RoW). Being the largest regional market, North America is expected to dominate the global market share during the forecast period due to an increase in demand of fuel-efficient vehicles in countries like the United States of America (USA) and Canada. Many major market players are also based in North America, especially in the USA, aiding the market growth.
The growth of the Asia Pacific market is due to the increased demand for alternatives, increase in the production of luxury and high-end vehicles, and the increase in investment regarding flex fuel engine technology by vehicle manufacturers. In China, and some other Asian countries, the demand for passenger vehicles is increasing. Other most important country-specific markets in this region are India, and Japan, followed by the rest of the Asia Pacific region.
In Europe, the market is strong due to the high density of population, a technological advancement that is second only to North America, and the presence of some key market players. The significant market players in this region are France, Germany, Italy, and the United Kingdom (UK). In the RoW segment, due to the lack of technology, the market is slow during the forecast period in countries of regions like Africa.
Latest Industry News:
Toyota is set to introduce an ethanol hybrid to market. A prototype was revealed in Brazil last month as Brazil is the biggest ethanol producer in the world. 14 NOV 2018
Toyota Brazil has confirmed a BRL 1 bn (the US $ 280mn) investment for its Indaiatuba, Sao Paulo state, manufacturing plant. This investment will update the plant and make it more flexible. The new generation saloon based on Toyota New Global Architecture (TNGA) architecture is due to be launched in Brazil in 2020. This vehicle will feature a flex fuel engine. 5 NOV 2018
ŠKODA UK has earned a new contract with the Cleveland Fire Brigade to supply 14 fully equipped Octavia Scout models that feature flex engines. 19 NOV 2018
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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