New York, NY -- (SBWIRE) -- 04/12/2019 -- The global Alternative Fuel Vehicle (AFV) Market is expected to reach USD 791.23 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rise of fuel-efficient vehicles and depletion in the number of oil reserves.

Traditional fuels sources, including petroleum, is said to be depleting, since these fuels are typically not renewable, due to which there is a possibility that a day would come when the demand for these fuels may be more than their supply, creating a considerable world crisis. Also, the majority of oil fields (situated in the Middle East) in the world are associated with both economic and political problems. Determining a new method or solution for finding different countries to create new fuels would reduce the unrest and conflict resulting from the world's dependence on fuel supply.

The high initial costs involved in the manufacturing of the alternative fuel market may hinder the growth of the market.

The major players covered in this Alternative fuel vehicles (AFV) market report are: Geely, Volvo, Jaguar Land Rover Limited, Ford Motor Company, Hyundai Motor Company, Toyota Motor Corporation, Mercedes-Benz, Gree, Honda Motor Co., Ltd., Wuliangye, Nissan Motor Co., Ltd., BYD Company Limited, Shell International B.V., Honda Motor Co., Ltd., Daimler AG, and Mitsubishi Motors, among others

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Knowing the trends influencing the Alternative fuel vehicles (AFV) industry performance
Stakeholders, marketing executives and business owners planning to refer Alternative fuel vehicles (AFV) market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.

Our trend analysts look for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.

Market split by Fuel Type, can be divided into:
- Gaseous fuels
- LPG
- CNG
- LNG
- Electric
- Biofuel
- Biodiesel
- Fuel Cell
- Liquid Nitrogen
- Dimethyl Ether

Market split by Vehicle Type, can be divided into:
- Electric Two wheeler
- Passenger cars
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Alternative Fuel
- Commercial Vehicle

Market split by End users, can be divided into:
- Government Vehicles
- Private Fleets
- Industrial Transportation
- Domestic User's Vehicle

Market split by Application, can be divided into:
- Transportation
- Chemical
- Agricultural
- Industrial
- Others

Geographically, this Alternative fuel vehicles (AFV) market report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)

We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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Further key findings from the report suggest:
- The market is segmented on the basis of fuel type into gaseous fuels, electric, biofuel, biodiesel, fuel cell, liquid nitrogen, and dimethyl ether. Dimethyl Ether segment accounted for over USD 63.42 billion in 2018 and is forecasted to grow at the highest rate of 12.1% during the forecast period.
- Rising consumer preferences and growing environmental concerns shift for less hazardous and improved quality is likely to increase the growth of the overall dimethyl ether segment. Also, the compound's clear burning property is the primary factor likely to drive the market.
- The market is segmented on the basis of vehicle type into electric two-wheeler, passenger cars, and commercial vehicle. The passenger cars dominate the segment in 2018 and is forecasted to have a CAGR of 8.7%, during the forecast period, due to the rising demand of hatchback, sedans, multi-utility vehicles (MUV), sports utility vehicles (SUV), and electric cars (battery electric vehicle (BEV) and hybrid electric vehicle (HEV)).
- The market is segmented on the basis of end users into private fleets, government vehicles, industrial transportation, and domestic user's vehicle. The government vehicles formed the largest share of about 31.2% of the market in 2018. This is majorly due to government investments and stringent regulations laid for environmental benefits.
- The market is segmented on the basis of application into transportation, chemical, agricultural, industrial and others. The transportation segment is forecasted to witness the highest growth with a CAGR of 12.0%, during the forecast period, closely followed by the industrial applications. The demand for commercial and passenger alternative fuel vehicles will fuel the demand in the transportation application segment.
- The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America, and North America, particularly The U.S., dominates the market throughout the forecast period with a CAGR of 9.6%, due to stringent laws imposed in the region. Moreover, the major focus of the region is to reduce the import dependency on fuels.

Browse complete Alternative fuel vehicles (AFV) report description and Full TOC@ https://www.reportsanddata.com/report-detail/alternative-fuel-vehicle-afv-market

Key Points from TOC:
Chapter 11. Company Profiles
11.1. Jaguar Land Rover Limited
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Vehicle type Length Benchmarking
11.1.4. Strategic Initiatives
11.2. Nissan Motor Co., Ltd.
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Vehicle type Length Benchmarking
11.2.4. Strategic Initiatives
11.3. Volvo
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Vehicle type Length Benchmarking
11.3.4. Strategic Initiatives
Continued…

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