Top Factors Driving the Global Automotive Flex Fuel Engine Market | Technavio
 |
LONDON March 26, 2018;Technavio market research analysts forecast the global automotive flex fuel engine market to grow at a CAGR of close to 6% during the period 2018-2022, according to their latest report.
This market research report segments the global automotive flex fuel engine market into the following engine capacities, including compact-size, mid-size, and full-size and key regions, including the Americas, APAC, and EMEA.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the low dependence on import oil as a key factor contributing to the growth of the global automotive flex fuel engine market:
Low dependence on import oil
Import of oil is a key expenditure for a country's economy. Higher imports of oil may determine a country's progress as most of the funds are locked into importing oil. Therefore, countries with limited oil reserves are constantly working towards reducing oil consumption and increasing the use of domestic alternative fuel. A major adaptor of the petroleum products is the automotive industry. The growing adoption of vehicles directly impacts oil consumption.
According to a senior analyst at Technavio for powertrain, “Several countries are driving the adoption of alternative fuel vehicles to control the consumption of oil. Countries such as the US and Brazil are the largest producers of ethanol due to the high corn and sugarcane production. These countries have adopted the flex fuel technology. This technology enables the vehicle to run on a blend of ethanol and gasoline. This technology has also aided in reducing the consumption of gasoline and allowed automotive OEMs to maintain the power and performance of the vehicles.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global automotive flex fuel engine market segmentation
The Americas was the leading region for the global automotive flex fuel engine market in 2017, accounting for a market share of nearly 91%. The market share for this region is expected to witness a massive decline of nearly 5% by 2022. APAC and EMEA are expected to register positive growth in the market during the forecast period.
|
Technavio’s best deals of the month!
Mark the beginning of spring with Technavio. Get 30% discount on all energy reports. Offer valid from 12th March for a limited period.
OR
Get 20% off on all media and entertainment services reports. Offer valid only till the 31st of March. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
