Lewes, DE -- (SBWire) -- 03/07/2016 --Report forecast the global ethanol-based vehicle market to grow at a CAGR of 6.53% during the period 2016-2020.
Vehicles that use a fuel mix of gasoline blended with ethanol or methanol fuels are called flexible-fuel vehicles (FFVs). Vehicles that are ethanol-based are the most commercially viable among alternative vehicle propulsion technologies. First introduced in the late 1970s, FFVs have evolved into a practical automotive alternative, in terms of vehicle performance, reliability, and stability.
The report covers the present scenario and the growth prospects of the global ethanol-based vehicle market for 2016-2020. The market has been calculated on the basis of OEM production.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, automotive OEMs are under pressure to promote alternative fuel-compatible vehicles. This, along with growing sustainability measures, may drive the market for vehicles powered by alternative fuels. Among alternative fuels, ethanol biofuel is the most commercially viable option, and FFVs are likely to lead growth in the ethanol-based vehicle market.
Further, the report states that Fossil fuel consumption subsidies stood at $548 billion in 2013, as per the latest data available from the International Energy Agency. These subsidies are four times higher than the subsidies offered to the renewable energy industry. These pose a challenge to the consumption of ethanol, restraining the growth of the ethanol-based vehicle market.
Global Ethanol-Based Vehicle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Ethanol-Based Vehicle Market: Ford, General Motors (GM), Toyota and Volkswagen.
Other Prominent Vendors in the market are: Audi, Chrysler, Isuzu, Jaguar, John Deere, Mercedes and Nissan
Market driver
- Government regulations mandating and promoting use of ethanol fuels in vehicles
- For a full, detailed list, view our report
Market challenge
- Subsidies to fossil fuel consumption
- For a full, detailed list, view our report
Market trend
- Second-generation ethanol commercialization to pick up
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 68 pages and 33 Exhibit "Global Ethanol-based Vehicle Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by vehicle type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-ethanol-based-vehicle-market-2016-2020
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