Initially, ethanol vehicles 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. Additionally, many countries have begun to mandate that fuel suppliers include a certain amount of renewable energy in their products. This has led to an increased demand for ethanol as a blending agent in gasoline. For instance, in December 2021, Australia's federal government implemented new fuel standards for gasoline from 1 January 2022, which significantly raised the ethanol blend rate in the country and boosted the demand for imports.
In addition, many governments offer subsidies or tax breaks to encourage the use of biofuels like ethanol, which in turn boosting the ethanol vehicle market. These policies have helped making ethanol an increasingly attractive option around the world. Furthermore, the usage of ethanol as a cost-effective and pollution-free fuel assists the several governments in meeting its goal of reducing oil dependence on other countries, resulting in a statewide increase in ethanol-based vehicles adoption in the future years. For instance, in September 2021, the Indian government announced intentions for all automobile manufacturers operating in the nation to use flex engines, which can run on many fuels.
For the purpose of analysis, the global ethanol vehicle market is segmented on the basis of type, fuel type, blend type, drive type, and region. By type, the market is divided into trucks, cars, and others. By fuel type, it is fragmented into gasoline and diesel. By blend type, it is categorized into E10 to E25, E25 to E85, and above E85. By drive type, it is categorized 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 vehicle market are AB Volvo, BMW AG, Daimler AG, Deere & Company, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Nissan Motor Corporation, Scania, Toyota Motor Corporation, and Volkswagen AG.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global ethanol vehicle market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall ethanol vehicle 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 vehicle market with a detailed impact analysis.
- The current ethanol vehicle market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
Key Market Segments
By Type
- Trucks
- Cars
By Blend Type
- E10 to E25
- E25 to E85
- Above E85
By Fuel Type
- Gasoline
- Diesel
By Drive Type
- Front Wheel Drive (FWD)
- Rear Wheel Drive (RWD)
- All Wheel Drive (AWD)
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Rest of LAMEA
Key Market Players
- AB Volvo
- Ford Motor Company
- Honda Motor Co., Ltd.
- Nissan Motor Corporation
- Scania
- Volkswagen AG
- Deere & Company
- Daimler AG
- BMW AG
- General Motors
- Mitsubishi Motors Corporation
- TOYOTA MOTOR CORPORATION
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. High threat of substitutes
3.3.4. Moderate threat of new entrants
3.3.5. High intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Exhausting fossil-fuel reserves
3.4.1.2. Less CO2 emission from vehicles
3.4.1.3. Stringent environmental guidelines and vehicle emission models
3.4.2. Restraints
3.4.2.1. Scarcity of ethanol-based fuel stations
3.4.2.2. Engine damage concerns
3.4.3. Opportunities
3.4.3.1. Integration of sustainable automotive technologies
3.4.3.2. Rising automotive performance on higher ethanol blends
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: ETHANOL VEHICLE MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Trucks
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Cars
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: ETHANOL VEHICLE MARKET, BY FUEL TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Gasoline
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Diesel
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: ETHANOL VEHICLE MARKET, BY BLEND TYPE
6.1. Overview
6.1.1. Market size and forecast
6.2. E10 to E25
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. E25 to E85
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Above E85
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: ETHANOL VEHICLE MARKET, BY DRIVE TYPE
7.1. Overview
7.1.1. Market size and forecast
7.2. Front Wheel Drive (FWD)
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Rear Wheel Drive (RWD)
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
7.4. All Wheel Drive (AWD)
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market share analysis by country
CHAPTER 8: ETHANOL VEHICLE MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key trends and opportunities
8.2.2. Market size and forecast, by Type
8.2.3. Market size and forecast, by Fuel Type
8.2.4. Market size and forecast, by Blend Type
8.2.5. Market size and forecast, by Drive Type
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Key market trends, growth factors and opportunities
8.2.6.1.2. Market size and forecast, by Type
8.2.6.1.3. Market size and forecast, by Fuel Type
8.2.6.1.4. Market size and forecast, by Blend Type
8.2.6.1.5. Market size and forecast, by Drive Type
8.2.6.2. Canada
8.2.6.2.1. Key market trends, growth factors and opportunities
8.2.6.2.2. Market size and forecast, by Type
8.2.6.2.3. Market size and forecast, by Fuel Type
8.2.6.2.4. Market size and forecast, by Blend Type
8.2.6.2.5. Market size and forecast, by Drive Type
8.2.6.3. Mexico
8.2.6.3.1. Key market trends, growth factors and opportunities
8.2.6.3.2. Market size and forecast, by Type
8.2.6.3.3. Market size and forecast, by Fuel Type
8.2.6.3.4. Market size and forecast, by Blend Type
8.2.6.3.5. Market size and forecast, by Drive Type
8.3. Europe
8.3.1. Key trends and opportunities
8.3.2. Market size and forecast, by Type
8.3.3. Market size and forecast, by Fuel Type
8.3.4. Market size and forecast, by Blend Type
8.3.5. Market size and forecast, by Drive Type
8.3.6. Market size and forecast, by country
8.3.6.1. UK
8.3.6.1.1. Key market trends, growth factors and opportunities
8.3.6.1.2. Market size and forecast, by Type
8.3.6.1.3. Market size and forecast, by Fuel Type
8.3.6.1.4. Market size and forecast, by Blend Type
8.3.6.1.5. Market size and forecast, by Drive Type
8.3.6.2. Germany
8.3.6.2.1. Key market trends, growth factors and opportunities
8.3.6.2.2. Market size and forecast, by Type
8.3.6.2.3. Market size and forecast, by Fuel Type
8.3.6.2.4. Market size and forecast, by Blend Type
8.3.6.2.5. Market size and forecast, by Drive Type
8.3.6.3. France
8.3.6.3.1. Key market trends, growth factors and opportunities
8.3.6.3.2. Market size and forecast, by Type
8.3.6.3.3. Market size and forecast, by Fuel Type
8.3.6.3.4. Market size and forecast, by Blend Type
8.3.6.3.5. Market size and forecast, by Drive Type
8.3.6.4. Italy
8.3.6.4.1. Key market trends, growth factors and opportunities
8.3.6.4.2. Market size and forecast, by Type
8.3.6.4.3. Market size and forecast, by Fuel Type
8.3.6.4.4. Market size and forecast, by Blend Type
8.3.6.4.5. Market size and forecast, by Drive Type
8.3.6.5. Rest of Europe
8.3.6.5.1. Key market trends, growth factors and opportunities
8.3.6.5.2. Market size and forecast, by Type
8.3.6.5.3. Market size and forecast, by Fuel Type
8.3.6.5.4. Market size and forecast, by Blend Type
8.3.6.5.5. Market size and forecast, by Drive Type
8.4. Asia-Pacific
8.4.1. Key trends and opportunities
8.4.2. Market size and forecast, by Type
8.4.3. Market size and forecast, by Fuel Type
8.4.4. Market size and forecast, by Blend Type
8.4.5. Market size and forecast, by Drive Type
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Key market trends, growth factors and opportunities
8.4.6.1.2. Market size and forecast, by Type
8.4.6.1.3. Market size and forecast, by Fuel Type
8.4.6.1.4. Market size and forecast, by Blend Type
8.4.6.1.5. Market size and forecast, by Drive Type
8.4.6.2. Japan
8.4.6.2.1. Key market trends, growth factors and opportunities
8.4.6.2.2. Market size and forecast, by Type
8.4.6.2.3. Market size and forecast, by Fuel Type
8.4.6.2.4. Market size and forecast, by Blend Type
8.4.6.2.5. Market size and forecast, by Drive Type
8.4.6.3. India
8.4.6.3.1. Key market trends, growth factors and opportunities
8.4.6.3.2. Market size and forecast, by Type
8.4.6.3.3. Market size and forecast, by Fuel Type
8.4.6.3.4. Market size and forecast, by Blend Type
8.4.6.3.5. Market size and forecast, by Drive Type
8.4.6.4. South Korea
8.4.6.4.1. Key market trends, growth factors and opportunities
8.4.6.4.2. Market size and forecast, by Type
8.4.6.4.3. Market size and forecast, by Fuel Type
8.4.6.4.4. Market size and forecast, by Blend Type
8.4.6.4.5. Market size and forecast, by Drive Type
8.4.6.5. Australia
8.4.6.5.1. Key market trends, growth factors and opportunities
8.4.6.5.2. Market size and forecast, by Type
8.4.6.5.3. Market size and forecast, by Fuel Type
8.4.6.5.4. Market size and forecast, by Blend Type
8.4.6.5.5. Market size and forecast, by Drive Type
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Key market trends, growth factors and opportunities
8.4.6.6.2. Market size and forecast, by Type
8.4.6.6.3. Market size and forecast, by Fuel Type
8.4.6.6.4. Market size and forecast, by Blend Type
8.4.6.6.5. Market size and forecast, by Drive Type
8.5. LAMEA
8.5.1. Key trends and opportunities
8.5.2. Market size and forecast, by Type
8.5.3. Market size and forecast, by Fuel Type
8.5.4. Market size and forecast, by Blend Type
8.5.5. Market size and forecast, by Drive Type
8.5.6. Market size and forecast, by country
8.5.6.1. Brazil
8.5.6.1.1. Key market trends, growth factors and opportunities
8.5.6.1.2. Market size and forecast, by Type
8.5.6.1.3. Market size and forecast, by Fuel Type
8.5.6.1.4. Market size and forecast, by Blend Type
8.5.6.1.5. Market size and forecast, by Drive Type
8.5.6.2. Argentina
8.5.6.2.1. Key market trends, growth factors and opportunities
8.5.6.2.2. Market size and forecast, by Type
8.5.6.2.3. Market size and forecast, by Fuel Type
8.5.6.2.4. Market size and forecast, by Blend Type
8.5.6.2.5. Market size and forecast, by Drive Type
8.5.6.3. South Africa
8.5.6.3.1. Key market trends, growth factors and opportunities
8.5.6.3.2. Market size and forecast, by Type
8.5.6.3.3. Market size and forecast, by Fuel Type
8.5.6.3.4. Market size and forecast, by Blend Type
8.5.6.3.5. Market size and forecast, by Drive Type
8.5.6.4. Rest of LAMEA
8.5.6.4.1. Key market trends, growth factors and opportunities
8.5.6.4.2. Market size and forecast, by Type
8.5.6.4.3. Market size and forecast, by Fuel Type
8.5.6.4.4. Market size and forecast, by Blend Type
8.5.6.4.5. Market size and forecast, by Drive Type
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
10.1. AB Volvo
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.2. BMW AG
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.3. Ford Motor Company
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.3.7. Key strategic moves and developments
10.4. General Motors
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. Business performance
10.5. Honda Motor Co., Ltd.
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. Business performance
10.6. Mitsubishi Motors Corporation
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. Business performance
10.7. Nissan Motor Corporation
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. Business performance
10.8. Scania
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.8.6. Business performance
10.8.7. Key strategic moves and developments
10.9. TOYOTA MOTOR CORPORATION
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.9.6. Business performance
10.10. Volkswagen AG
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance
10.11. Deere & Company
10.11.1. Company overview
10.11.2. Key Executives
10.11.3. Company snapshot
10.11.4. Operating business segments
10.11.5. Product portfolio
10.11.6. Business performance
10.11.7. Key strategic moves and developments
10.12. Daimler AG
10.12.1. Company overview
10.12.2. Key Executives
10.12.3. Company snapshot
10.12.4. Operating business segments
10.12.5. Product portfolio
10.12.6. Business performance
List of Tables
Table 01. Global Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 02. Ethanol Vehicle Market for Trucks, by Region, 2021-2031 (Revenue, $Million)
Table 03. Ethanol Vehicle Market for Cars, by Region, 2021-2031 (Revenue, $Million)
Table 04. Ethanol Vehicle Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 05. Global Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 06. Ethanol Vehicle Market for Gasoline, by Region, 2021-2031 (Revenue, $Million)
Table 07. Ethanol Vehicle Market for Diesel, by Region, 2021-2031 (Revenue, $Million)
Table 08. Global Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 09. Ethanol Vehicle Market for E10 to E25, by Region, 2021-2031 (Revenue, $Million)
Table 10. Ethanol Vehicle Market for E25 to E85, by Region, 2021-2031 (Revenue, $Million)
Table 11. Ethanol Vehicle Market for Above E85, by Region, 2021-2031 (Revenue, $Million)
Table 12. Global Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 13. Ethanol Vehicle Market for Front Wheel Drive (Fwd), by Region, 2021-2031 (Revenue, $Million)
Table 14. Ethanol Vehicle Market for Rear Wheel Drive (Rwd), by Region, 2021-2031 (Revenue, $Million)
Table 15. Ethanol Vehicle Market for All Wheel Drive (Awd), by Region, 2021-2031 (Revenue, $Million)
Table 16. Ethanol Vehicle Market, by Region, 2021-2031 (Revenue, $Million)
Table 17. North America Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 18. North America Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 19. North America Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 20. North America Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 21. North America Ethanol Vehicle Market, by Country, 2021-2031 (Revenue, $Million)
Table 22. U.S. Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 23. U.S. Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 24. U.S. Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 25. U.S. Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 26. Canada Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 27. Canada Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 28. Canada Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 29. Canada Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 30. Mexico Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 31. Mexico Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 32. Mexico Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 33. Mexico Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 34. Europe Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 35. Europe Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 36. Europe Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 37. Europe Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 38. Europe Ethanol Vehicle Market, by Country, 2021-2031 (Revenue, $Million)
Table 39. UK Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 40. UK Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 41. UK Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 42. UK Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 43. Germany Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 44. Germany Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 45. Germany Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 46. Germany Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 47. France Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 48. France Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 49. France Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 50. France Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 51. Italy Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 52. Italy Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 53. Italy Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 54. Italy Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 55. Rest of Europe Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 56. Rest of Europe Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 57. Rest of Europe Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 58. Rest of Europe Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 59. Asia-Pacific Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 60. Asia-Pacific Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 61. Asia-Pacific Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 62. Asia-Pacific Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 63. Asia-Pacific Ethanol Vehicle Market, by Country, 2021-2031 (Revenue, $Million)
Table 64. China Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 65. China Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 66. China Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 67. China Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 68. Japan Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 69. Japan Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 70. Japan Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 71. Japan Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 72. India Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 73. India Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 74. India Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 75. India Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 76. South Korea Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 77. South Korea Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 78. South Korea Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 79. South Korea Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 80. Australia Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 81. Australia Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 82. Australia Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 83. Australia Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 84. Rest of Asia-Pacific Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 85. Rest of Asia-Pacific Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 86. Rest of Asia-Pacific Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 87. Rest of Asia-Pacific Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 88. LAMEA Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 89. LAMEA Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 90. LAMEA Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 91. LAMEA Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 92. LAMEA Ethanol Vehicle Market, by Country, 2021-2031 (Revenue, $Million)
Table 93. Brazil Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 94. Brazil Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 95. Brazil Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 96. Brazil Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 97. Argentina Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 98. Argentina Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 99. Argentina Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 100. Argentina Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 101. South Africa Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 102. South Africa Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 103. South Africa Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 104. South Africa Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 105. Rest of LAMEA Ethanol Vehicle Market, by Type, 2021-2031 (Revenue, $Million)
Table 106. Rest of LAMEA Ethanol Vehicle Market, by Fuel Type, 2021-2031 (Revenue, $Million)
Table 107. Rest of LAMEA Ethanol Vehicle Market, by Blend Type, 2021-2031 (Revenue, $Million)
Table 108. Rest of LAMEA Ethanol Vehicle Market, by Drive Type, 2021-2031 (Revenue, $Million)
Table 109. Ab Volvo: Key Executives
Table 110. Ab Volvo: Company Snapshot
Table 111. Ab Volvo: Product Segments
Table 112. Ab Volvo: Product Portfolio
Table 113. BMW AG: Key Executives
Table 114. BMW AG: Company Snapshot
Table 115. BMW AG: Product Segments
Table 116. BMW AG: Service Segments
Table 117. BMW AG: Product Portfolio
Table 118. Ford Motor Company: Key Executives
Table 119. Ford Motor Company: Company Snapshot
Table 120. Ford Motor Company: Product Segments
Table 121. Ford Motor Company: Service Segments
Table 122. Ford Motor Company: Product Portfolio
Table 123. Ford Motor Company: Key Strategies
Table 124. General Motors: Key Executives
Table 125. General Motors: Company Snapshot
Table 126. General Motors: Product Segments
Table 127. General Motors: Service Segments
Table 128. General Motors: Product Portfolio
Table 129. Honda Motor Co. Ltd.: Key Executives
Table 130. Honda Motor Co. Ltd.: Company Snapshot
Table 131. Honda Motor Co. Ltd.: Product Segments
Table 132. Honda Motor Co. Ltd.: Service Segments
Table 133. Honda Motor Co. Ltd.: Product Portfolio
Table 134. Mitsubishi Motors Corporation: Key Executives
Table 135. Mitsubishi Motors Corporation: Company Snapshot
Table 136. Mitsubishi Motors Corporation: Product Segments
Table 137. Mitsubishi Motors Corporation: Service Segments
Table 138. Mitsubishi Motors Corporation: Product Portfolio
Table 139. Nissan Motor Corporation: Key Executives
Table 140. Nissan Motor Corporation: Company Snapshot
Table 141. Nissan Motor Corporation: Product Segments
Table 142. Nissan Motor Corporation: Service Segments
Table 143. Nissan Motor Corporation: Product Portfolio
Table 144. Scania: Key Executives
Table 145. Scania: Company Snapshot
Table 146. Scania: Product Segments
Table 147. Scania: Service Segments
Table 148. Scania: Product Portfolio
Table 149. Scania: Key Strategies
Table 150. Toyota Motor Corporation: Key Executives
Table 151. Toyota Motor Corporation: Company Snapshot
Table 152. Toyota Motor Corporation: Product Segments
Table 153. Toyota Motor Corporation: Service Segments
Table 154. Toyota Motor Corporation: Product Portfolio
Table 155. Volkswagen AG: Key Executives
Table 156. Volkswagen AG: Company Snapshot
Table 157. Volkswagen AG: Product Segments
Table 158. Volkswagen AG: Service Segments
Table 159. Volkswagen AG: Product Portfolio
Table 160. Deere & Company: Key Executives
Table 161. Deere & Company: Company Snapshot
Table 162. Deere & Company: Product Segments
Table 163. Deere & Company: Service Segments
Table 164. Deere & Company: Product Portfolio
Table 165. Deere & Company: Key Strategies
Table 166. Daimler AG: Key Executives
Table 167. Daimler AG: Company Snapshot
Table 168. Daimler AG: Product Segments
Table 169. Daimler AG: Product Portfolio
List of Figures
Figure 01. Ethanol Vehicle Market, 2021-2031
Figure 02. Segmentation of Ethanol Vehicle Market, 2021-2031
Figure 03. Top Investment Pockets in Ethanol Vehicle Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. High Threat of Substitutes
Figure 07. Moderate Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalethanol Vehicle Market
Figure 10. Ethanol Vehicle Market, by Type, 2021(%)
Figure 11. Comparative Share Analysis of Ethanol Vehicle Market for Trucks, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Ethanol Vehicle Market for Cars, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Ethanol Vehicle Market for Others, by Country 2021-2031(%)
Figure 14. Ethanol Vehicle Market, by Fuel Type, 2021(%)
Figure 15. Comparative Share Analysis of Ethanol Vehicle Market for Gasoline, by Country 2021-2031(%)
Figure 16. Comparative Share Analysis of Ethanol Vehicle Market for Diesel, by Country 2021-2031(%)
Figure 17. Ethanol Vehicle Market, by Blend Type, 2021(%)
Figure 18. Comparative Share Analysis of Ethanol Vehicle Market for E10 to E25, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Ethanol Vehicle Market for E25 to E85, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Ethanol Vehicle Market for Above E85, by Country 2021-2031(%)
Figure 21. Ethanol Vehicle Market, by Drive Type, 2021(%)
Figure 22. Comparative Share Analysis of Ethanol Vehicle Market for Front Wheel Drive (Fwd), by Country 2021-2031(%)
Figure 23. Comparative Share Analysis of Ethanol Vehicle Market for Rear Wheel Drive (Rwd), by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of Ethanol Vehicle Market for All Wheel Drive (Awd), by Country 2021-2031(%)
Figure 25. Ethanol Vehicle Market by Region, 2021
Figure 26. U.S. Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 27. Canada Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 28. Mexico Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 29. UK Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 30. Germany Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 31. France Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 32. Italy Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 33. Rest of Europe Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 34. China Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 35. Japan Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 36. India Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 37. South Korea Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 38. Australia Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 39. Rest of Asia-Pacific Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 40. Brazil Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 41. Argentina Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 42. South Africa Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 43. Rest of LAMEA Ethanol Vehicle Market, 2021-2031 ($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap: Ethanol Vehicle Market
Figure 50. Top Player Positioning, 2021
Figure 51. Ab Volvo: Net Sales, 2019-2021 ($Million)
Figure 52. Ab Volvo: Research & Development Expenditure, 2019-2021
Figure 53. Ab Volvo: Revenue Share by Segment, 2021 (%)
Figure 54. Ab Volvo: Revenue Share by Region, 2021 (%)
Figure 55. BMW AG: Research & Development Expenditure, 2019-2021
Figure 56. BMW AG: Net Sales, 2019-2021 ($Million)
Figure 57. BMW AG: Revenue Share by Segment, 2021 (%)
Figure 58. BMW AG: Revenue Share by Region, 2021 (%)
Figure 59. Ford Motor Company: Research & Development Expenditure, 2019-2021
Figure 60. Ford Motor Company: Net Sales, 2019-2021 ($Million)
Figure 61. Ford Motor Company: Revenue Share by Segment, 2021 (%)
Figure 62. Ford Motor Company: Revenue Share by Region, 2021 (%)
Figure 63. General Motors: Research & Development Expenditure, 2019-2021
Figure 64. General Motors: Net Sales, 2019-2021 ($Million)
Figure 65. General Motors: Revenue Share by Segment, 2021 (%)
Figure 66. General Motors: Revenue Share by Region, 2021 (%)
Figure 67. Honda Motor Co. Ltd.: Research & Development Expenditure, 2019-2021
Figure 68. Honda Motor Co. Ltd.: Net Sales, 2019-2021 ($Million)
Figure 69. Honda Motor Co. Ltd.: Revenue Share by Segment, 2021 (%)
Figure 70. Honda Motor Co. Ltd.: Revenue Share by Region, 2021 (%)
Figure 71. Mitsubishi Motors Corporation: Research & Development Expenditure, 2019-2021
Figure 72. Mitsubishi Motors Corporation: Net Sales, 2019-2021 ($Million)
Figure 73. Mitsubishi Motors Corporation: Revenue Share by Segment, 2021 (%)
Figure 74. Mitsubishi Motors Corporation: Revenue Share by Region, 2021 (%)
Figure 75. Nissan Motor Corporation: Research & Development Expenditure, 2019-2021
Figure 76. Nissan Motor Corporation: Net Sales, 2019-2021 ($Million)
Figure 77. Nissan Motor Corporation: Revenue Share by Segment, 2021 (%)
Figure 78. Nissan Motor Corporation: Revenue Share by Region, 2021 (%)
Figure 79. Scania: Research & Development Expenditure, 2019-2021
Figure 80. Scania: Net Sales, 2019-2021 ($Million)
Figure 81. Scania: Revenue Share by Segment, 2021 (%)
Figure 82. Scania: Revenue Share by Region, 2021 (%)
Figure 83. Toyota Motor Corporation: Research & Development Expenditure, 2019-2021 ($Million)
Figure 84. Toyota Motor Corporation: Net Sales, 2019-2021 ($Million)
Figure 85. Toyota Motor Corporation: Revenue Share by Segment, 2021 (%)
Figure 86. Toyota Motor Corporation: Revenue Share by Region, 2021 (%)
Figure 87. Volkswagen AG: Research & Development Expenditure, 2019-2021
Figure 88. Volkswagen AG: Net Sales, 2019-2021 ($Million)
Figure 89. Volkswagen AG: Revenue Share by Segment, 2021 (%)
Figure 90. Volkswagen AG: Revenue Share by Region, 2021 (%)
Figure 91. Deere & Company: Research & Development Expenditure, 2019-2021
Figure 92. Deere & Company: Net Sales, 2019-2021 ($Million)
Figure 93. Deere & Company: Revenue Share by Segment, 2021 (%)
Figure 94. Deere & Company: Revenue Share by Region, 2021 (%)
Figure 95. Daimler AG: Research & Development Expenditure, 2019-2021
Figure 96. Daimler AG: Net Sales, 2019-2021 ($Million)
Figure 97. Daimler AG: Revenue Share by Segment, 2021 (%)
Figure 98. Daimler AG: Revenue Share by Region, 2021 (%)
Executive Summary
The ethanol vehicle market is likely to experience a growth rate of 9.1% from 2022-2031 owing to depleting natural sources of gasoline along with rising vehicle emission norms.Ethanol vehicles are fitted with reformed components designed specifically to be in sync with ethanol’s chemical properties. These alterations ensure seamless operation and a long advantageous life across a wide range of ethanol blends. Informally, these vehicles are referred to as flexible-fuel vehicles or FFVs. Although a flex-fuel engine can be designed to run on pure ethanol, FFVs in the U.S. are optimized to run on E85, a gasoline-ethanol blend with 51 to 83% ethanol, according to the U.S. Department of Energy. Even though ethanol delivers slightly less gas mileage, its eco-friendly benefits make it a viable option for drivers. Currently, modern flex-fuel vehicle engines can burn any percentage of the resulting mixture of gasoline with ethanol in the combustion chamber along with spontaneous adjustments in the fuel injection system by an added fuel mixture composition sensor.
The key factors driving the growth of the ethanol vehicle market include depleting natural sources of gasoline along with rising vehicle emission norms and rising automotive performance on higher ethanol blends, which creates lucrative opportunities for the growth of the market across the globe. Moreover, factors such as less CO2 emission from vehicles and integration of sustainable automotive technologies also propel the market across the globe. Moreover, factors such as rising awareness about lesser fuel consumption to reduce the carbon footprint and rapidly growing economy have provided a boost to ethanol vehicle sales globally.
The market also offers growth factors to the key players operating in the market owing to the exciting advancements in the trucking industry. For instance, in April 2022, ClearFlame Engine Technologies demonstrated a heavy-duty truck running on 98% ethanol. The new technology is introduced in Class 8 diesel trucks, running on a Cummins X15 500hp 15L heavy-duty engine, commonly used for long-haul trucks and off-highway applications, and converting it to run on renewable E98 ethanol. Furthermore, numerous developments and investments carried out by car manufacturers such as Ford and General Motors supplement the growth of the market.
The ethanol vehicle market is segmented on the basis of type, fuel type, blend type, drive type, and region. By type, the market is divided into trucks, cars, and others. By fuel type, it is fragmented into gasoline and diesel. By blend type, it is categorized into E10 to E25, E25 to E85, and above E85. By drive type, it is categorized into front wheel drive (FWD), rear wheel drive (RWD), and all-wheel drive (AWD). By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and Rest of LAMEA).
The key players profiled in the study include AB Volvo, BMW AG, Daimler AG, Deere & Company, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Nissan Motor Corporation, Scania, Toyota Motor Corporation, and Volkswagen AG. The players in the market have been actively engaged in the adoption of various Strategies such as have adopted partnerships, investments, and product launches to remain competitive and gain advantage over the competitors in the market. For instance, Scania has introduced its 410 hp ethanol Euro 6 compliant engine truck based on AWD drivetrain with alternative power & fuel consumption which is equal to its diesel counterpart for long-distance applications. The foundation was built by Scania’s 13-litre inline-six engines. It uses compression ignition similar to conventional diesel engines, which limits the need for hardware modifications.
Key Market Insights
By type, the cars segment was the highest revenue contributor to the market, and is estimated to reach $1,049,249.6 million by 2031, with a CAGR of 8.7%. However, the others segment is estimated to be the fastest growing segment with a CAGR of 11.1% during the forecast period.By fuel type, the gasoline segment was the highest revenue contributor to the market, and is estimated to reach $1,107,739.4 million by 2031 as well as it is the fastest growing segment with a CAGR of 11.2% during the forecast period.
By blend type, the E25 to E85 segment was the highest revenue contributor to the market, and is estimated to reach $719,481.7 million by 2031, with a CAGR of 8.5%. However, the E10 to E25 segment is estimated to be the fastest growing segment with a CAGR of 10.5% during the forecast period.
By drive type, the front wheel drive (FWD) segment was the highest revenue contributor to the market, and is estimated to reach $706,516.6 million by 2031, with a CAGR of 8.5%. However, the rear wheel drive (RWD) segment is estimated to be the fastest growing segment with a CAGR of 10.8% during the forecast period.
Companies Mentioned
- AB Volvo
- Ford Motor Company
- Honda Motor Co., Ltd.
- Nissan Motor Corporation
- Scania
- Volkswagen AG
- Deere & Company
- Daimler AG
- BMW AG
- General Motors
- Mitsubishi Motors Corporation
- TOYOTA MOTOR CORPORATION
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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