Dec 16, 2022   SOURCE: BusinessWire

Global Ethanol Car Market Report to 2031 - Featuring AB Volvo, Audi, BMW, Cummins and Lexus Among Others - ResearchAndMarkets.com

The "Ethanol Car Market By Fuel Type, By Vehicle Class, By Blend Type, By Drive Type: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

According to this report the ethanol car market was valued at $567.90 billion in 2021, and is estimated to reach $1 billion by 2031, growing at a CAGR of 7.8% from 2022 to 2031.

The report incorporates the study of the global ethanol car market that focuses on the type of alternative fuels used in different vehicles. Ethanol is one of the most promising alternative fuels to be used entirely or in a blended form with gasoline as ethanol can be produced synthetically as well as biologically.

Also, it burns cleaner than conventional fuels, resulting in fewer hazardous gas emissions, which is extremely beneficial from an anti-pollution standpoint.

Hence, while running on flex-fuels such as ethanol, the vehicle's engine maintains its performance, and some even produce more torque and horsepower than when running on conventional fuels.

Initially, ethanol cars are in high demand around the world due to rise in commercial and passenger vehicle manufacturing, as well as improved technology. For instance, in June 2019, Scania launched a 410-horsepower bioethanol engine for its next generation of alternative fuel engines. It can deliver 2,150 Nm torque along with significant reductions in CO2 and NOx emissions.

The factors such as stringent environmental regulations & vehicle emission norms, depleting fossil-fuel reserves, and less CO2 emission from vehicles supplement the growth of the ethanol car market.

However, engine damage concerns and scarcity of ethanol-based fuel stations are the factors expected to hamper the growth of the ethanol car market. In addition, increase in adoption of sustainable automotive technologies and increased automotive performance on higher ethanol blends creates market opportunities for the key players operating in the ethanol car market.

Key Benefits

  • This study presents analytical depiction of the global ethanol car market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall ethanol car market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global ethanol car market with a detailed impact analysis.
  • The current ethanol car market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
  • Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Fuel Type

  • Gasoline
  • Diesel

By Vehicle Class

  • Hatchback
  • Sedan
  • SUV
  • Others

By Blend Type

  • E10 to E25
  • E25 to E85
  • Above E85

By Drive Type

  • Front Wheel Drive
  • Rear Wheel Drive
  • All Wheel Drive

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • South Africa
  • Rest of LAMEA

Key Market Players

  • AB Volvo
  • Audi
  • BMW
  • Cummins Inc.
  • Fiat Chrysler Automobiles
  • Ford Motor Company
  • General Motors Company
  • Honda Motor Co., Ltd.
  • Jaguar
  • Land Rover
  • Lexus
  • Mitsubishi Motors Corporation
  • Nissan Motor Co., Ltd.
  • Toyota Motor Corporation
  • Volkswagen AG
  • Rolls Royce (Key Innovators)
  • Volvo Cars (Key Innovators)

For more information about this report visit https://www.researchandmarkets.com/r/dz867z