Global Automotive Flex Fuel Engine Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about 6 % from 2020 to 2027, reaching nearly US$ XX Mn.
Global Automotive Flex Fuel Engine Market: Overview
Flex Fuel Engine is also known as duel fuel or flexible fuel type engine. This engine can be operated on two different kinds of fuels. For storage same tank is used in this type of engine. Flex fuel engine are independent and resource efficient. This engine can be started easily, needs less petroleum content.
Fuel mixture detector sensor detects the mixture of different fuel to regulate spark generation and valve timing. Flex Fuel engine can burn any percentage of petrol (gasoline). These characteristics will drive the market of Flex Fuel Engine.
Global Automotive Flex Fuel Engine Market: Drivers
Flexibility to using different type of fuels in engine makes it convenient to use at cheaper rate fuel. Flex fuel are environment friendly due to its ability to burn smallest quantity of gasoline in the burning chamber.
Global Automotive Flex Fuel Engine Market: Regional Overview
North American region is a major player in the global flex fuel engine market. North America has about 91% of share in flex fuel engine market. This market share will show reduction about 5% by end of 2022.
Asia Pacific will start to gain market of flex fuel engine due to new technology adoption. Passenger vehicle segment is showing growth over the period and this will be the same in the future. Manufacturers in these regions are interested to take part in these changing technologies. This shows predominant growth in the forecasted period.
France implemented tax saving scheme by giving incentives on new vehicle purchase. In corporate vehicles government makes decision to tax free it for 2 years. Also flex fuel prices set at lower rate than gasoline or diesel. These are the main driving factor for the Flex Fuel Engine Market.
The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the Automotive Flex Fuel Engine market size. By Engine Type, the Compact-Size Engine segment was valued at US$ XX Mn in 2020 and is expected to reach US$ XX Mn by 2027 at a CAGR of 6% during the forecast period.
The report also helps in understanding Automotive Flex Fuel Engine Market dynamics, structure by analyzing the market segments and projects the Automotive Flex Fuel Engine Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Engine portfolio, growth strategies, and regional presence in the Automotive Flex Fuel Engine Market make the report investor’s guide.
Scope of the Automotive Flex Fuel Engine Market
Automotive Flex Fuel Engine Market, by Engine Type
• Compact-Size Engine
• Full-Size Engine
Automotive Flex Fuel Engine Market, by Fuel Type
Automotive Flex Fuel Engine Market, by End User
• Passenger Vehicles
• Medium Commercial Vehicles
• Heavy Duty Commercial Vehicles
• Light Duty Commercial Vehicles
Automotive Flex Fuel Engine Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
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