Dublin, July 31, 2020 (GLOBE NEWSWIRE) -- The "Alternative Fuel Vehicle - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Alternative Fuel Vehicle market accounted for $392.92 billion in 2019 and is expected to reach $1,244.4 billion by 2027 growing at a CAGR of 15.5% during the forecast period.
Shifting consumer preference towards alternative fuel vehicles and rapid decrease in oil reserves and development of efficient alternative fuel are the major factors propelling the growth of the market. However, the high initial cost of alternative fuel production is hampering the growth of the market.
Based on the fuel type, the electric segment is going to have a lucrative growth during the forecast period owing to the performance and distinct advantages. The electricity-based vehicle provides an attractive prospect by offering easily chargeable and noiseless urban transportation. It comes in three types as all-electric, hybrid electric and plug-in hybrid electric vehicles. Due to the increase in popularity of electric-based cars, registrations of electrically chargeable vehicles showed double-digit gains and this factor drives the growth of alternative fuel vehicle market. The increasing availability of electric vehicles and recharging points in public or private outlets is further expected to drive the growth of the alternative fuel vehicle market.
By geography, North America is anticipated to hold considerable market share during the forecast period due to the outlined new plans to support the sales and use of alternative-fuel vehicles including cars and trucks that run on hydrogen and natural gas by the US government. They have increased the current tax credit for advanced technology vehicles to a maximum. The credit would also be broadened so that it applies to more different types of vehicles instead of just plug-in cars and this factor is majorly driving the growth of alternative fuel vehicle market in North America.
Some of the key players profiled in the Alternative Fuel Vehicle Market include Ford Motor Company, Jaguar Land Rover Limited, Toyota Motor Corporation, Hyundai Motor Company, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., Shell International B.V., BMW Group, Tesla Motors, Mitsubishi Motors, EI DuPont, Audi AG, Volkswagen AG, Daimler AG., General Motors, Beiqi Foton Motor Co., Ltd., Fiat Chrysler Automobiles, BYD Auto, Renault and Yutong.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company Profiling with detailed strategies, financials and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of COVID-19
4 Porters Five Force Analysis
5 Global Alternative Fuel Vehicle Market, By Vehicle Type
5.1 Introduction
5.2 Two Wheelers
5.3 Passenger Cars
5.4 Commercial Vehicles
5.4.1 Light Commercial Vehicle
5.4.2 Heavy Commercial Vehicle
5.5 Luxury Vehicles
6 Global Alternative Fuel Vehicle Market, By Fuel Type
6.1 Introduction
6.2 Gaseous Fuels
6.3 Electric
6.4 Bio-Fuels
6.5 Liquid Nitrogen
6.6 Bio-Diesel
6.7 Ethanol
6.8 Methanol
6.9 Natural Gas
6.10 Liquefied Petroleum Gas
6.11 Biomass
6.12 Propane
6.13 Hydrogen
6.14 Non-Fossil Methane
6.15 Non-Fossil Natural Gas
7 Global Alternative Fuel Vehicle Market, By Application
7.1 Introduction
7.2 Transportation
7.3 Chemical
7.4 Agricultural
7.5 Industrial
8 Global Alternative Fuel Vehicle Market, By End User
8.1 Introduction
8.2 Government Vehicles
8.3 Private Fleets
8.4 Domestic User's Vehicle
9 Global Alternative Fuel Vehicle Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 South America
9.6 Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Ford Motor Company
11.2 Jaguar Land Rover Limited
11.3 Toyota Motor Corporation
11.4 Hyundai Motor Company
11.5 Nissan Motor Co. Ltd.
11.6 Honda Motor Co. Ltd.
11.7 Shell International B.V.
11.8 BMW Group
11.9 Tesla Motors
11.10 Mitsubishi Motors
11.11 E.I. DuPont
11.12 Audi AG
11.13 Volkswagen AG
11.14 Daimler AG
11.15 General Motors
11.16 Beiqi Foton Motor Co. Ltd.
11.17 Fiat Chrysler Automobiles
11.18 BYD Auto
11.19 Renault
11.20 Yutong
For more information about this report visit https://www.researchandmarkets.com/r/y8iiz3
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