 | • レポートコード：MRC2304H137 • 出版社/出版日：Mordor Intelligence / 2023年1月23日 • レポート形態：英文、PDF、100ページ • 納品方法：Eメール（受注後2-3営業日） • 産業分類：自動車 |
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レポート概要
| モルドールインテリジェンス社の市場調査レポートでは、2021年に1,040億ドルであった世界のフレックス燃料車市場規模が、2027年には1,430億ドルまで予測期間中（2022-2027）にCAGR 5%以上で増加すると予測しています。本書では、フレックス燃料車の世界市場について調査・分析し、イントロダクション、調査手法、エグゼクティブサマリー、市場動向、エタノール混合率別（E10-E25、E25-E85、E85以上）分析、自動車種類別（乗用車、商用車）分析、燃料別（ガソリン、ディーゼル）分析、地域別（北米、ヨーロッパ、アジア太平洋、中南米、中東・アフリカ、アメリカ、カナダ、ドイツ、フランス、スペイン、イギリス、中国、インド、韓国、日本、ブラジル、アルゼンチン、メキシコ、サウジアラビア、UAE、南アフリカ）分析、競争状況、市場機会・将来の動向など、以下の内容でまとめています。なお、参入企業情報として、General Motors、Ford Motor Company、Toyota Motor Corporation、Stellantis NV、Honda Motor Company、Hyundai Motor Company、Nissan Motor Company、Subaru Corporation、Volkswagen AG、BMW AG、Volvo Car Corporationなどが含まれています。 ・イントロダクション ・調査手法 ・エグゼクティブサマリー ・市場動向 ・世界のフレックス燃料車市場規模：エタノール混合率別 - E10-E25のフレックス燃料車市場規模 - E25-E85のフレックス燃料車市場規模 - E85以上のフレックス燃料車市場規模 ・世界のフレックス燃料車市場規模：自動車種類別 - 乗用車における市場規模 - 商用車における市場規模 ・世界のフレックス燃料車市場規模：燃料別 - ガソリン燃料車の市場規模 - ディーゼル燃料車の市場規模 ・世界のフレックス燃料車市場規模：地域別 - 北米のフレックス燃料車市場規模 アメリカのフレックス燃料車市場規模 カナダのフレックス燃料車市場規模 … - ヨーロッパのフレックス燃料車市場規模 ドイツのフレックス燃料車市場規模 フランスのフレックス燃料車市場規模 スペインのフレックス燃料車市場規模 … - アジア太平洋のフレックス燃料車市場規模 中国のフレックス燃料車市場規模 インドのフレックス燃料車市場規模 韓国のフレックス燃料車市場規模 … - 南米のフレックス燃料車市場規模 ブラジルのフレックス燃料車市場規模 アルゼンチンのフレックス燃料車市場規模 メキシコのフレックス燃料車市場規模 … - 中東・アフリカのフレックス燃料車市場規模 サウジアラビアのフレックス燃料車市場規模 UAEのフレックス燃料車市場規模 南アフリカのフレックス燃料車市場規模 … ・競争状況 ・市場機会・将来の動向 |
The flex-fuel vehicle market is expected to register a CAGR of over 5% during the forecast period, 2022 – 2027. The market was valued at USD 104 billion in 2021, and it is anticipated to reach USD 143 billion by 2027.
The market for flex-fuel vehicles (FFV) has not been impacted by the COVID-19 pandemic as severely as other automotive industries. However, with limited options for an FFV in the market, it did witness a slight decline in sales, considering the restrictions imposed by the respective governments. However, with the situation easing and life returning to normalcy, the FFV market is anticipated to grow during the projected period.
Most of the vehicles running are fueled using conventional fossil fuels, which has led to an increase in toxic exhaust gas emissions. To control vehicular pollution, multiple county governments have put forth several emission restrictions for IC (internal combustion) engine-powered vehicles. These restrictions have opened the scope for research on vehicles running on flex fuels.
In the market, there are various categories and types of FFV from E10 to E85 and above. According to the tests conducted, FFVs running on E85 fuel produce 23% less NOx, 30% less CO, and 4-6% lower CO2. Due to numerous factors, including the reduced tailpipe emissions, domestic production capabilities of ethanol-based fuels, and limiting the use of naturally occurring fossil fuels, the demand for FFVs is expected to increase during the forecast period.
The demand for flex-fuel vehicles is growing significantly in the United States and the Latin American region. It is estimated that more than 84% of the world’s ethanol is produced by the United States and Brazil.
Flex Fuel Vehicle Market Trends
Ratification of Stringent Exhaust Emission Regulations
The increase in vehicle exhaust emissions from all types of vehicles using fossil fuels has contaminated the atmosphere. The poor air quality has led to an increase in a plethora of serious respiratory diseases. In Europe alone, vehicular pollution contributes to over 30% of total air pollution, including NOx, VOCs, PM2.5, PM10, and others.
To bring exhaust emissions under control, country-specific vehicle authorities have barricaded the production of greenhouse gasses like NOx, SOx, and other harmful pollutants from vehicle tailpipes.
For instance, in Europe, the exhaust emission norms have become even more strict over the years. According to the regulatory authority European Environmental Agency (EEA), in Euro 4 launched in 2005, the NOx standards were affixed at 0.08g/km, whereas in 2009, it got reduced to 0.06g/km, and it has remained the same for light passenger cars since.
Similarly, for CO2 emissions in 2015, standard passenger cars were not allowed to exceed 130g/km of CO2. In 2020, it was revised to 95g/km. The European Commission also targets to reduce this number to 70g/km by 2025.
The reduced amount of greenhouse gases from the exhaust will have a significant impact on health in the long run. Alongside, this will also allow the flex-fuel market to witness an increase in demand in the upcoming years as it is a clean-burning fuel as compared to conventional gasoline or diesel.
Asia-Pacific to Witness Significant Growth
More than 70% of the countries in the Asia-Pacific region currently rely upon the import of fossil fuels to run vehicles. The cost of crude oil and its refinement significantly increases the consumer cost of fuel. With emerging markets like India and China, the Asia-Pacific region is expected to witness significant growth.
For instance, in India, to curb the consumption of fossil fuels and tone down the fuel cost, MoRTH (Ministry of Road Transport and Highways) has put forward various deadlines to introduce ethanol-based fuel in the country. Additionally, India accounts for 2% of the global flex-fuel production, which is not enough to fulfill the country’s requirements. Hence, the domestic production of ethanol is targeted to rise from 70 to 150 million liters in the next few years.
The transport ministry is planning to roll out the use of ethanol-based fuel in phases. E10 production is expected to be in motion from April 2022 and E20 from 2025. Various vehicle manufacturers in the country have also been notified to scale up the research to run vehicles on E10 from April 2023 and E20 from April 2025.
As flex fuels can be manufactured domestically using renewable materials like sugar cane, the ethanol-blended fuel will reduce the quantity of raw fuel imported, helping reduce the fuel cost for end users.
With the increase in the availability of ethanol-based flex-fuel, the demand for flex-fuel vehicles may witness significant growth as India is the world’s second-most populated country.
Flex Fuel Vehicle Market Competitor Analysis
The flex-fuel vehicle market constitutes various players accounting for a consolidated market. Owing to a wide range of products running on flex fuels and constant developments to find an alternative fuel, the top five players in the market account for more than 60% of the total market share. For instance, General Motors has about 13 vehicle models, Ford Motor Co. has 11 vehicle models, and Stallintis NV has seven vehicle models running on ethanol blend fuel.
The top five players include General Motors, Ford Motor Co., Toyota Motor Corp., Stellantis NV, Honda Motor Co., and Hyundai Motor Co. Other players include Nissan Motor Company, Subaru Corporation, and Volkswagen AG.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Ethanol Blend Type
5.1.1 E10 to E25
5.1.2 E25 to E85
5.1.3 E85 and Above
5.2 Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
5.3 Fuel Type
5.3.1 Petrol
5.3.2 Diesel
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 France
5.4.2.3 Spain
5.4.2.4 United Kingdom
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 South Korea
5.4.3.4 Japan
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Mexico
5.4.4.4 Rest of Latin America
5.4.5 Middle-East
5.4.5.1 Saudi Arabia
5.4.5.2 United Arab Emirates
5.4.5.3 South Africa
5.4.5.4 Rest of Middle-East
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 General Motors
6.2.2 Ford Motor Company
6.2.3 Toyota Motor Corporation
6.2.4 Stellantis NV
6.2.5 Honda Motor Company
6.2.6 Hyundai Motor Company
6.2.7 Nissan Motor Company
6.2.8 Subaru Corporation
6.2.9 Volkswagen AG
6.2.10 BMW AG
6.2.11 Volvo Car Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS