A recent report published by Infinium Global Research on flex fuel engine market provides in-depth analysis of segments and sub-segments in the global as well as regional flex fuel engine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional flex fuel engine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global flex fuel engine market. According to the report, the global flex fuel engine market is projected to grow at a CAGR of 5.7% over the forecast period of 2019-2025.
A flex fuel engine operates on two different fuels from the same tank. It is designed to run on more than one fuel like gasoline or diesel that can be stored in the same tank. Flex fuel engines have properties such as flexible, independent, and resource-saving and can start the engine, easily. The flex fuel engine reduces petroleum content that helps preserve existing stores of fossil fuels intake. It has the capability to burn any proportion of gasoline in the combustion chamber. Spark timing and injection are structured according to the combination of both fuels detected by fuel mixture sensor in flex fuel engines. Recently, vehicle manufacturers are developing new technologies such as flex start, to increase vehicle efficiency and decrease vehicle emission.
Countries with limited oil reserves are continuously looking for less oil consumption that is the major driving factor of the flex fuel engine market. Furthermore, factors such as strict environmental regulations, exhausting natural sources of diesel, increasing vehicle emission norms, and low-dependence on oil import are other driving factors of the market. Ethanol burns cleaner than gasoline that led to an increase in the demand for the flex fuel engine. Several flex fuel vehicles make use of ethanol that originates from corn and sugar cane, a viable alternative to purchasing foreign oil. However, the high production cost of ethanol is restraining the growth of the market. Moreover, increasing use of second-generation ethanol in flexible fuel vehicle is expected to provide growth opportunities to the market players.
Geographically, North America dominates the global flex fuel engine market due to increasing demand for fuel-efficient vehicles in countries such as the U.S. and Canada. Brazil is the largest market for the flex fuel engine and has the highest penetration rate for flex fuel vehicles. The fleet of flexible-fuel vehicles in the U.S. is the second-largest in the world after Brazil. Asia-Pacific is the second-largest market owing to increasing demand for alternative fuels in this region.
The report on global flex fuel engine market covers segments such as engine capacity, fuel type, and vehicle type. On the basis of engine capacity, the sub-markets include compact-size, and full-size. On the basis of fuel type, the sub-markets include gasoline, and diesel. On the basis of vehicle type, the sub-markets include passenger car, and commercial vehicle.
The report provides profiles of the companies in the market such as Volkswagen AG, General Motors Company, Ford Motor Company, Honda Motor Co. Ltd., Nissan Motor Co. Ltd., Toyota Motor Corporation, Mitsubishi Motors Corporation, Audi AG, Fiat Chrysler Automobiles, Volvo Cars, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of flex fuel engine market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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