Industry Background:
Ethanol fuel is simply the same primary alcohol found in alcoholic beverages that have been converted into fuel. It is primarily used as a biofuel supplement to gasoline as a motor fuel. Because of its chemical composition, ethanol fuel provides less energy per unit volume than gasoline. As a result, any ethanol-blended gasoline is less efficient than pure gasoline. Ethanol-based Vehicles have an internal combustion engine and can run on gasoline or any gasoline-ethanol blend up to 83 percent. E85 also known as flex-fuel is a gasoline-ethanol blend that contains 51 to 83 percent ethanol, depending on geography and season. There were more than 21 million FFVs in the United States in 2018. Because FFVs are factory built and can run on gasoline and gasoline-ethanol blends, many vehicle owners are unaware that their vehicle is an FFV and that they have a choice of fuels.This growth is primarily driven by Rising Demand for Environmentally Friendly Automobiles
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Volume Unit | K Units |
Value Unit | Value (USD Million) |
Key Companies in Study | Chrysler (United States), Isuzu (Japan), Jaguar (United Kingdom), John Deere (United States), Mercedes (Germany), Nissan (Japan), Ford (United States), General Motors (United States), Toyota (Japan), Volkswagen (Germany), Scania (Sweden) and Audi (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Automobile Manufacturers sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Chrysler (United States), Isuzu (Japan), Jaguar (United Kingdom), John Deere (United States), Mercedes (Germany), Nissan (Japan), Ford (United States), General Motors (United States), Toyota (Japan), Volkswagen (Germany), Scania (Sweden) and Audi (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2022- UGI Corporation announced that it has entered into a 15-year agreement with California-based technology developer, Vertimass, to utilize their catalytic technology to produce renewable fuels from renewable ethanol in the U.S. and Europe.
The market is highly fragmented by-product consumption and penetration in regional application sectors, raw material supply security, and a high degree of forwarding integration determine the industry's competitiveness. The Indian government is attempting to reduce its reliance on imported crude oil by encouraging Indian sugar producers to produce ethanol for Oil Marketing Companies.
Market Drivers
- Rising Demand for Environmentally Friendly Automobiles
- Growing Concerns about GHG Emissions and Air Pollution
Market Trend
- Increasing Technological Advancements in the Production of Ethanol and Other Biofuel-Based Automobile Products
- Environmentally Friendly Automobiles Equipped with GPS Trackers
Restraints
- Lack of Awareness among people about FFV Vehicles.
Opportunities
Ethanol has been shown to be suitable for a wide range of integrated production setups. and By acting as a gas-line coolant, ethanol aids in the prevention of wintertime problems.
Challenges
Increasing Raw Material Prices, as well as Rarely Available Biofuel
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ethanol-based Vehicle Study Sheds Light on
The Ethanol-based Vehicle Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ethanol-based Vehicle industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ethanol-based Vehicle industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.