Automotive Flex Fuel Engine Market Highlights:
A flexible fuel engine or dual-fuel engine is also called flex-fuel engine and can operate on two different fuels from the same tank. Flex-fuel engines are designed to run on more than one fuel, such as gasoline or diesel, which can be stored in the same tank. Flex-fuel engines are flexible, independent, resource saving and can start the engine, easily. The main advantage of flex-fuel engine is the reduced petroleum content that helps preserve existing stores of fossil fuels consumption. Flex-fuel engines have the capacity to burn any percentage of gasoline in the combustion chamber.
Countries with limited oil reserves are taking several initiates to reduce oil consumption, which further increases the growth of the market. The factors that drive the automotive flex fuel engine market are government initiatives, across the globe, towards the development of advanced flex fuel engine, low dependence on import of oil, and increased sales of passenger vehicles in emerging economies.
The Key players in the Automotive Flex Fuel Engine Market are-
Ford Motor Company (US), Volkswagen (Germany), General Motors Company (US), Honda Motor Co. Ltd. (Japan) and Nissan Motor Co. Ltd. (Japan). Toyota Motor Corporation (Japan), AUDI (Germany), Fiat Chrysler Automobiles (UK), Volvo Cars (Sweden), and Mitsubishi Motors Corporation (Japan) are among others.
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Segmentation:
By Engine Capacity
• Compact-Size
• Full-Size
By Fuel Type
• Gasoline
• Diesel
By Vehicle Type
• Passenger Car
• Commercial Vehicle
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Scope of the Report
This study provides an overview of the global automotive flex fuel engine market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive flex-fuel engines market by its engine capacity, fuel type, vehicle type, and region
Regional Analysis:
On the basis of region, the market is segmented into North America, Asia-Pacific, Europe, and Rest of the World. North America was the market leader in the flex-fuel vehicle market in 2015 followed by Asia-Pacific and Europe. North America is expected to dominate the market in future due to an increase in demand of fuel-efficient vehicles in countries such as US and Canada. This growth of the market in Asia-Pacific can be attributed to the increase in production of luxury and high-end vehicles along with increased demand for alternatives, which has encouraged vehicle manufacturers to invest heavily in flex fuel engine technology
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