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Ethanol Car market Size
WILMINGTON, NEW CASTLE, DE, UNITED STATES, January 31, 2025 /EINPresswire / -- According to the report published by Allied Market Research, the global ethanol car market size generated $567.9 billion in 2021, and is projected to reach $1,207.6 billion by 2031, growing at a CAGR of 7.8% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key
investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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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.
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 report offers detailed segmentation of the global ethanol car market based on fuel type, vehicle type, bend type, drive type, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
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Based on fuel type, the gasoline segment held the largest market share in 2021, holding more than four-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The diesel segment, on the other hand, is expected to cite the fastest CAGR of 8.7% during the forecast period.
Based on vehicle class, the SUV segment held the largest market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The other segment, on the other hand, is expected to cite the fastest CAGR of 11.1% during the forecast period.
Based on drive type, the all wheel drive type segment held the largest market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 8.6% during the forecast period. The report include other segments such as front wheel drive and rear wheel drive.
Based on region, the market across LAMEA region held the dominating market share in 2021, holding more than one-third of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 11.9% during the forecast period.
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The key players analyzed in the global ethanol car market report include 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.
The report analyzes these key players in the global ethanol car market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
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.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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