Automotive Flex Fuel Engine Market Size, Sales, Revenue, Trends Forecast 2023


Posted January 31, 2019 by vaibhavhulsure

. Report provides Global Automotive Flex Fuel Engine Market Analysis By Growth, Trends, Opportunities, Segmentation, and Regional Forecast To 2023
 
Automotive Flex Fuel Engine Market Highlights:
Flex-fuel engines reduce the petroleum content, which help preserve the existing reserves of fossil fuel consumption. The improved flex fuel engine enhances the overall performance of the vehicle and reduces the energy consumption by using alternative fuels. The vehicle OEMs are developing different innovative technologies such as ethanol fuel engines to improve the performance of the vehicle and reduce the vehicle emissions. Countries with limited oil reserves are taking several initiates to reduce oil consumption, which further increases the growth of the market. The factors that drive the automotive flex fuel engine market are government initiatives, across the globe, towards the development of advanced flex fuel engine, low dependence on import of oil, and increased sales of passenger vehicles in emerging economies.
Countries with limited oil reserves are taking several initiates to reduce oil consumption, which further increases the growth of the market. The factors that drive the automotive flex fuel engine market are government initiatives, across the globe, towards the development of advanced flex fuel engine, low dependence on import of oil, and increased sales of passenger vehicles in emerging economies.
The Key players in the Automotive Flex Fuel Engine Market are-
Ford Motor Company (US), Volkswagen (Germany), General Motors Company (US), Honda Motor Co. Ltd. (Japan) and Nissan Motor Co. Ltd. (Japan). Toyota Motor Corporation (Japan), AUDI (Germany), Fiat Chrysler Automobiles (UK), Volvo Cars (Sweden), and Mitsubishi Motors Corporation (Japan) are among others.
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Analysis:
Some of the drivers of automotive flex fuel engine market are stringent environmental regulations, depleting natural sources of diesel, rising vehicle emission norms, and low-dependence on oil import. The European automakers are initiating various types of developments such as cleaner alternative fuels and advanced power systems for vehicles, which are being given priority to improve flex fuel engine efficiency. Therefore the reduced import of oil would eliminate a crucial expenditure and improve the country’s economy. Hence, countries with limited oil reserves are continuously taking initiatives to reduce oil consumption and boost the use of domestic alternative fuel. The trend in the automotive flex fuel engine market is second-generation ethanol becoming popular in flex-fuel vehicles. However, high production cost of ethanol hampers the growth of market.   
The global automotive flex fuel market is segmented by engine capacity (compact-size, full-size), fuel type (gasoline, diesel), and vehicle type (passenger car, commercial vehicle) and by region.
Regional Analysis:
On the basis of region, the market is segmented into North America, Asia-Pacific, Europe, and Rest of the World. North America was the market leader in the flex-fuel vehicle market in 2015 followed by Asia-Pacific and Europe. North America is expected to dominate the market in future due to an increase in demand of fuel-efficient vehicles in countries such as US and Canada. This growth of the market in Asia-Pacific can be attributed to the increase in production of luxury and high-end vehicles along with increased demand for alternatives, which has encouraged vehicle manufacturers to invest heavily in flex fuel engine technology
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Categories Automotive
Tags automotive flex fuel engine market , automotive flex fuel engine market analysis , automotive flex fuel engine market share , automotive flex fuel engine market size
Last Updated January 31, 2019