PORTLAND, Ore., December 7, 2021 / PRNewswire / – Allied Market Research recently released a report entitled “Flex Fuel Engine Market by Fuel Type (Gasoline and Diesel), Vehicle Type (Passenger Cars and Commercial Vehicles), and Mixture Type (E10 to E25, E25 to E85, via E85 and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”. According to the report, the global flex-fuel engine industry was on $ 63.20 billion in 2020 and is expected to be achieved $ 105.11 billion by 2027 with an annual growth rate of 5.6% from 2020 to 2030.

Drivers, Limitations, and Opportunities

Depletion of fossil fuel reserves as well as stringent environmental regulations and vehicle emissions standards are driving the growth of the global market for flex fuel engines. However, concerns about engine demand, the development of electric and hybrid-electric vehicles, and the lack of flex-fuel stations are hampering market growth. On the contrary, it is expected that the increasing acceptance of sustainable automotive technologies and the increase in automotive performance for blends with higher ethanol content will open up new opportunities for market participants in the future.

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Covid-19 scenario:

• The Covid-19 pandemic resulted in a nationwide lockdown and implementation of social distancing norms. In addition, several companies have adopted the work-from-home culture. As a result, the demand for automobiles fell drastically.
• The supply chain was interrupted and production sites were partially or completely closed due to a lengthy lockdown.

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The gasoline segment dominated the market

By fuel type, the gasoline segment held the lion’s share in 2020, accounting for more than four-fifths of the global flex-fuel engine market. In addition, the segment is estimated to have the highest CAGR of 5.7% over the forecast period as the demand for low-cost sustainable automotive technologies grows around the world. The report contains an analysis of the diesel segment.

The car segment with the highest CAGR by 2030

According to vehicle type, the passenger car segment is expected to have the highest CAGR of 5.9% from 2020 to 2030. Additionally, the segment had the largest share in 2020 and contributed in raising awareness of increasing pollution and the global warming scenario due to nearly two-thirds of the global flex fuel engine market. The report contains an analysis of the commercial vehicle segment.

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North America held the largest share

Global Flex Fuel Engine Market By Region North America Sales dominate in 2020 and account for more than a quarter of the market. However, the market is cross Asia Pacific is expected to have the highest CAGR of 6.5% over the forecast period as government regulation to reduce vehicle emissions increases.

Important market participants

• Cummins Inc.
• Volkswagen AG
• Ford Motor Company
• General Motors Company
• Fiat Chrysler automobiles
• Mitsubishi Motors Corporation
• Honda Motor Co., Ltd.
• Toyota Motor Corporation
• Nissan Motor Co., Ltd.
• AB Volvo

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