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.
For the purpose of analysis, the global ethanol car market is segmented on the basis of fuel type, vehicle class, blend type, drive type, and region. By fuel type, the market is divided into gasoline and diesel. By vehicle class, it is fragmented into hatchback, sedan, SUV, and others. By blend type, it is categorized into E10 to E25, E25 to E85, and Above E85. By drive type, it is further classified into front wheel drive (FWD), rear wheel drive (RWD), and all wheel drive (AWD). By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the ethanol car market are AB Volvo, ADM, Alcogroup SA, BlueFire Renewables, BMW AG, BP p.l.c., Cristal Union Group, CropEnergies AG, Cummins Inc., Ford Motor Company, General Motors, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Nissan Motor Corporation, Pannonia Bio Zrt., Petrobras, Scania, Stellantis NV, Toyota Motor Corporation, and Volkswagen AG.
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.
For the purpose of analysis, the global ethanol car market is segmented on the basis of fuel type, vehicle class, blend type, drive type, and region. By fuel type, the market is divided into gasoline and diesel. By vehicle class, it is fragmented into hatchback, sedan, SUV, and others. By blend type, it is categorized into E10 to E25, E25 to E85, and Above E85. By drive type, it is further classified into front wheel drive (FWD), rear wheel drive (RWD), and all wheel drive (AWD). By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the ethanol car market are AB Volvo, ADM, Alcogroup SA, BlueFire Renewables, BMW AG, BP p.l.c., Cristal Union Group, CropEnergies AG, Cummins Inc., Ford Motor Company, General Motors, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Nissan Motor Corporation, Pannonia Bio Zrt., Petrobras, Scania, Stellantis NV, Toyota Motor Corporation, and Volkswagen AG.
KEY BENEFITS FOR STAKEHOLDERS
- 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)
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ETHANOL CAR MARKET, BY FUEL TYPE
CHAPTER 5: ETHANOL CAR MARKET, BY VEHICLE CLASS
CHAPTER 6: ETHANOL CAR MARKET, BY BLEND TYPE
CHAPTER 7: ETHANOL CAR MARKET, BY DRIVE TYPE
CHAPTER 8: ETHANOL CAR MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Ethanol Car Market," 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 concept of ethanol cars is typically attributed to the transportation options that use ethanol blend to enhance car performance and make engine efficient to give the best performance. The best use of ethanol is blended with gasoline. However, the quantity of ethanol required is 10%, and 90% is gasoline. The blend of ethanol helps to increase the life of the engine. Automakers recommend a particular quantity of ethanol to make engine performance smooth and long last. Hence, the shift in the focus from petroleum-based vehicles to alternative fuel-based vehicles such as ethanol-based vehicles and the increasing focus of governments on ethanol-based vehicles due to concerns regarding greenhouse gas emissions are expected to foster market growth over the forecasted period. For instance, the Environmental Protection Agency (EPA) finalized federal greenhouse gas (GHG) emissions standards for passenger cars and light trucks in the US through 2026. The final standards leverage advances in clean car technology to unlock $190 billion in net benefits to Americans, including reducing climate pollution, improving public health, and saving drivers money at the pump.
In addition, the ethanol car market has witnessed significant growth in recent years, owing to the increased demand for improved vehicle performance and the inclination of consumers towards environment-friendly vehicles. Furthermore, the companies operating in the market have adopted partnerships, R&D, and product launches to increase their market share and expand their geographical presence. For instance, in 2020, according to an analysis by Argonne National Laboratory, it has been found that using corn-based ethanol in place of gasoline reduces life cycle GHG emissions on average by 40%. Using cellulosic ethanol provides an even more significant benefit. Also, adopting higher ethanol blends for more efficient engine designs gives the desired boost and is incorporated in car fuels since it is clean, renewable, abundant, and inexpensive. Such enhancements in the automotive industry to develop & implement more pristine automobiles are anticipated to drive the ethanol car market in the forecast period.
The factors such as stringent environmental regulations & vehicle emission norms, depleting fossil-fuel reserves, and less CO2 emission from ethanol vehicles, thereby 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 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.
COVID-19 Impact Analysis
- The COVID-19 crisis has created uncertainty in the ethanol car market. Governments of different regions have announced total lockdown and temporarily shutdown of industries, thereby adversely affecting the overall production and sales. It also resulted in flight cancellations, travel bans, and quarantines, which led to massive slowing of the supply chain and logistics activities across the world. Also, the COVID-19 outbreak severely impacted the automotive sector on a global level, which in turn leads to considerable drop in automotive sales, insufficiency of raw material, and others. Many small and big players in the automotive sector is witnessing issues such as halt of production activities, mandated plant closures by the government, and others. It results in a severe influence on the automobile industry's competitiveness, economic growth, and job losses by disrupting global supply chains.
- The pandemic hampered the production of crucial raw materials such as steel, which are used to produce alternative fuel-powered vehicles, hurting the global supply of these engines. For instance, in January 2021, Japanese steel output declined by 3.9%, while in January 2020, it plummeted by 9.9%. Flex fuel engine manufacturers' (ethanol cars) production capacity has been hampered by a widening gap between supply and demand for raw materials, as well as the closure of automobile component manufacturing sites. Hence, the pandemic has had a detrimental impact on ethanol car engine suppliers due to decreased vehicle sales and manufacturing. Ethanol car engine manufacturers, on the other hand, have focused their efforts on developing and launching better ethanol vehicles through innovative methods. Owing to the development of advanced environmentally friendly automobiles with the ability to increase vehicle drivability, automotive manufacturers are increasingly using current alternative power sources to power modern automobiles.
Key Findings of the Study
- By fuel type, the diesel segment dominated the global ethanol car market in terms of growth rate.
- By vehicle class, the others segment dominated the global ethanol car market in terms of growth rate.
- By blend type, the above E85 segment dominated the global ethanol car market in terms of growth rate.
- By drive type, the all-wheel drive segment dominated the global ethanol car market in terms of growth rate.
- The leading players operating in the ethanol car market are AB Volvo, ADM, Alcogroup SA, BlueFire Renewables, BMW AG, BP p.l.c., Cristal Union Group, CropEnergies AG, Cummins Inc., Ford Motor Company, General Motors, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Nissan Motor Corporation, Pannonia Bio Zrt., Petrobras, Scania, Stellantis NV, Toyota Motor Corporation, and Volkswagen AG.
Companies Mentioned
- 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)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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