Market Research Report
Automotive Flex Fuel Engine Market: Current Analysis and Forecast (2021-2027)
|Automotive Flex Fuel Engine Market: Current Analysis and Forecast (2021-2027)|
Published: October 1, 2021
UnivDatos Market Insights Pvt Ltd
Content info: 271 Pages
Delivery time: 1-2 business days
Rising carbon footprints is a huge concern to health all around the world, from haze hanging over cities to smoke within the home. Almost 9 out of 10 people are exposed to levels of air pollution that raise their risk of diseases such as heart disease, stroke, chronic obstructive pulmonary disease, cancer, and pneumonia. The World Health Organization monitors the levels of exposure and health effects of air pollution at the national, regional, and global levels due to ambient (outdoor) and household air pollution. Transportation sector contributes the highest portion in term of CO2 released globally that is 29% globally, which is a major concern in today's scenario. Flex fuel engine emits less carbon particles as compared to normal IC engine which is due to high combusting biofuels. Additionally, automotive flex fuel engines are flexible with any blend of ethanol and countries are focusing more on increasing the percentage of ethanol in gasoline which emits less carbon dioxide. Urban population is becoming more health conscious and awareness about benefits associated with automotive flex fuel engines are eventually increasing. In addition, increasing disposable income of population would further influence the automotive flex fuel engine market.
Based on engine type, automotive flex fuel engine market is divided into compact size engine, medium size engine, full size engine. Currently, compact size and medium size engines are widely used in automotive industry. This mainly due to compact size engines have low cost and can be used in 4 wheelers providing high efficiency. Moreover, medium size engines are widely used in cars and heavy-duty trucks as well to provide higher power to the vehicles.
On the basis of fuel type, vehicles running on gasoline fuel have more demand than vehicles running on diesel. Owing to high demand of gasoline, automotive flex fuel gasoline engines market would grow at an influential rate as compared to flex fuel diesel engines.
Based on end user, passenger vehicles have a considerable market share due to low cost thus, they are in reachability of common people. However, light commercial vehicles would grow significantly during the forecast period owing to increasing transportation services globally.
For better understanding of the market, the report provides detail analysis for major region and country including North America (US, Canada, rest of North America); Europe (Germany, UK, France, Spain, rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) and Rest of World. Currently, Asia Pacific holds lucrative market share and is expected to maintain its dominance throughout the forecast period.
Some of the major companies operating in the global automotive flex fuel engine market includes Mitsubishi Motors Corporation, Maruti Suzuki India Limited, Fiat Chrysler Automobiles, Audi AG, Toyota Motor Corporation, Nissan Motor Co. Ltd., Honda Motor Co. Ltd., General Motors Company, Volkswagen AG, Ford Motor Company