Alternative Fuel and Hybrid Vehicle Market by Alternative Fuel Type, Electric and Others and Vehicle type and Commercial Vehicle - Global Opportunity Analysis and Industry Forecasts, 2014-2022

  • ID: 3976201
  • Report
  • Region: Global
  • 160 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • AUDI AG
  • BMW Group
  • BYD Company Limited
  • Daimler AG
  • Ford Motor Company
  • General Motors
  • MORE
Alternative Fuel and Hybrid Vehicle Market by Alternative Fuel Type (Gaseous fuels (LPG, CNG, and LNG), Electric and Others (Biofuel, Biodiesel, Fuel Cell, Liquid Nitrogen, and Dimethyl Ether)) and Vehicle type (Electric Two wheeler, Passenger Cars (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Alternative Fuel Passenger Cars), and Commercial Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Alternative Fuel Commercial Vehicles) - Global Opportunity Analysis and Industry Forecasts, 2014-2022

Alternative fuel and hybrid vehicles (AFHV) run on fuels other than conventional types such as gasoline and diesel. The depletion of oil reserve at an alarming rate has given rise to the adoption of these vehicles across the globe. In addition, these vehicles emit less harmful compounds such as oxides of carbon, nitrogen, and sulfur as their exhaust, thus making AFHV eco-friendly. Moreover, electric vehicles use electricity as their power source, in which electric energy is stored in the vehicular batteries and can be recharged at charging stations. On the other hand, hybrid vehicles use both conventional and alternative fuels as a source of power. Passengers can actually switch between these two powers while driving as per their feasibility and usage. China is a potential market of AFHV as it has the maximum percentage of electric vehicles across the globe. As per the Global EV Outlook 2015, China holds 230 million e-bikes, 83,000 e-cars, and 36,500 e-buses. Numerous players such as Toyota Motor Corporation and Tesla Motors, Inc. are regularly manufacturing AFHV. For instance, Tesla Motors, Inc. launched Model S, the fastest electric car for its customers globally.

Increase in demand of fuel-efficient vehicles, stringent government laws and regulations toward vehicular emission, and increase in growth of public charging infrastructure drives the market growth. Also, depletion of fossil fuels such as coal, gasoline, and diesel and increase in prices of fossil fuels are the other factors that propel the market growth. However, high initial cost of vehicle and low fuel economy hamper the market growth. Moreover, advancement in alternative fuel technologies and increase in government initiatives, such as investment in electric and hybrid buses, are expected to create huge opportunities for the growth of market in the coming years.

The market is segmented on the basis of alternative fuel type, vehicle type, and geography. Alternative fuel type segment is further divided into gaseous fuels (LPG, CNG, and LNG), electric, and others (biofuel, biodiesel, fuel cell, liquid nitrogen, and dimethyl ether). Moreover, vehicle type segment is classified into electric two wheelers, passenger cars (battery electric vehicle (BEV), hybrid electric vehicle (HEV), alternative fuel passenger cars), and commercial vehicle (battery electric vehicle (BEV), hybrid electric vehicle (HEV), alternative fuel commercial vehicle). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions. North America comprises the U.S., Canada, and Mexico. Europe includes Germany, France, The Netherlands, Norway, UK, and rest of Europe. Asia-Pacific consists of China, Japan, South Korea, India, and rest of Asia-Pacific. Latin America, Middle East, and Africa are considered in the LAMEA region.

The key players operating in the AFHV market are Toyota Motor Corporation (Japan), Tesla Motors (U.S.), AUDI AG (Germany), BMW Group (Germany), General Motors (U.S.), Ford Motor Company (U.S.), Honda Motor Co., Ltd. (Japan), BYD Company Limited (China), Daimler AG (Germany), and Zero Motorcycles, Inc. (U.S.)

Key Benefits:

The report includes an extensive analysis of the factors that drive as well as restrain the world AFHV market.
The market projections from 2014 to 2022 are included in the report along with the impacting factors.
The report also provides quantitative as well as qualitative trends to assist the stakeholders to understand the situations prevailing in the market.
Competitive intelligence highlights the business practices followed by leading market players across various geographies.

ALTERNATIVE FUEL AND HYBRID VEHICLE SEGMENTATION

BY ALTERNATIVE FUEL TYPE

Gaseous Fuels (LPG, CNG, and LNG)
Electric
Others (Biofuel, Biodiesel, Fuel Cell, Liquid Nitrogen, and Dimethyl Ether)

BY VEHICLE TYPE

Two Wheelers
Passenger Cars
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Alternative Fuel Passenger Cars
Commercial Vehicles
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Alternative Fuel Commercial Vehicles

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
Germany
France
The Netherlands
Norway
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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FEATURED COMPANIES

  • AUDI AG
  • BMW Group
  • BYD Company Limited
  • Daimler AG
  • Ford Motor Company
  • General Motors
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report Description
1.2 Key benefits
1.3 Key Market Segments
1.4 Key Audiences
1.5 Research Methodology

1.5.1 Secondary research
1.5.2 Primary research
1.5.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO Perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key findings

3.2.1 Top factors impacting the market

3.2.1.1 Growing demand of fuel efficient vehicles
3.2.1.2 Stringent government laws and regulation towards vehicle emission
3.2.1.3 Increase in growth of public charging infrastructure
3.2.1.4 Technological advancement of alternative fuel vehicles
3.2.1.5 High initial cost of vehicle
3.2.1.6 Low fuel economy

3.2.2 Top investment pockets
3.2.3 Top winning strategies

3.3 Porters five force analysis
3.4 Value chain analysis
3.5 Case Studies
3.6 Market Dynamics

3.6.1 Drivers

3.6.1.1 Growing demand of fuel efficient vehicles
3.6.1.2 Stringent government laws and regulation towards vehicle emission
3.6.1.3 Increase in growth of public charging infrastructure

3.6.2 Restraints

3.6.2.1 High initial cost of vehicle
3.6.2.2 Low fuel economy

3.6.3 Opportunities

3.6.3.1 Technological advancement of alternative fuel vehicles
3.6.3.2 Increase in government initiatives

CHAPTER 4 WORLD ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY ALTERNATIVE FUEL TYPE

4.1 Overview
4.2 Gaseous Fuel (LPG, CNG, and LNG)

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast

4.3 Pure Electric

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast

4.4 Other (Biofuel, Bio-diesel, Fuel Cell, Liquid Nitrogen and Dimethyl Ether)

4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast

CHAPTER 5 WORLD ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY VEHICLE TYPE

5.1 Overview
5.2 Two wheeler

5.2.1 Key market Trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast

5.3 Passenger cars

5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
5.3.4 Battery Electric Passenger Car

5.3.4.1 Market size and forecast

5.3.5 Hybrid Electric Passenger Car

5.3.5.1 Market size and forecast

5.3.6 Alternative Fuel Passenger Car

5.3.6.1 Market size and forecast

5.4 Commercial vehicle

5.4.1 Key Trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast
5.4.4 Battery Electric Commercial vehicle

5.4.4.1 Market size and forecast

5.4.5 Hybrid Electric Commercial vehicle

5.4.5.1 Market size and forecast

5.4.6 Alternative Fuel Commercial Vehicle

5.4.6.1 Market size and forecast

CHAPTER 6 WORLD ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET, BY GEOGRAPHY

6.1 Overview
6.2 North America

6.2.1 Key trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.2.4 U.S.
6.2.5 Canada
6.2.6 Mexico

6.3 Europe

6.3.1 Key trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.3.4 U.K.
6.3.5 Germany
6.3.6 France
6.3.7 The Netherlands
6.3.8 Norway
6.3.9 Rest of Europe

6.4 Asia-Pacific

6.4.1 Key trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
6.4.4 South Korea
6.4.5 China
6.4.6 Japan
6.4.7 India
6.4.8 Rest of Asia-Pacific

6.5 LAMEA

6.5.1 Key trends
6.5.2 Key growth factors and opportunities
6.5.3 Market size and forecast
6.5.4 Africa
6.5.5 Middle East
6.5.6 Latin America

CHAPTER 7 COMPANY PROFILES

7.1 Toyota Motor Corporation

7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Operating Business Segments
7.1.4 Business Performance
7.1.5 Key Strategic Moves and Developments

7.2 Tesla Motors

7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 Operating Business Segments
7.2.4 Business Performance
7.2.5 Key Strategic Moves and Developments

7.3 Audi AG

7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Operating Business Segments
7.3.4 Business Performance
7.3.5 Key Strategic Moves and Developments

7.4 BMW Group

7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Operating Business Segments
7.4.4 Business Performance
7.4.5 Key Strategic Moves and Developments

7.5 General Motors

7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 Operating Business Segments
7.5.4 Business Performance
7.5.5 Key Strategic Moves and Developments

7.6 Ford Motor Company

7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 Operating Business Segments
7.6.4 Key Strategic Moves and Developments

7.7 Honda Motor Co., Ltd.

7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 Operating Business Segments
7.7.4 Business Performance
7.7.5 Key Strategic Moves and Developments

7.8 BYD Company Limited

7.8.1 Company Overview
7.8.2 Company Snapshot
7.8.3 Operating Business Segments
7.8.4 Business Performance
7.8.5 Key Strategic Moves and Developments

7.9 Daimler AG

7.9.1 Company Overview
7.9.2 Company Snapshot
7.9.3 Operating Business Segments
7.9.4 Business Performance
7.9.5 Key Strategic Moves and Developments

7.10 Zero Motorcycles, Inc.

7.10.1 Company Overview
7.10.2 Company Snapshot
7.10.3 Operating Business Segments
7.10.4 Business Performance
7.10.5 Key Strategic Moves and Developments
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FEATURED COMPANIES

  • AUDI AG
  • BMW Group
  • BYD Company Limited
  • Daimler AG
  • Ford Motor Company
  • General Motors
  • MORE
Global Alternative Fuel and Hybrid Vehicle Market is expected to reach $614 billion by 2022, growing at a CAGR of 12.9% during the forecast period, according to new research . The passenger vehicle segment is estimated to dominate the market from 2016 to 2022. Asia-Pacific dominated the global market accounting for a market share of around 47% in 2015.

Increase in demand for fuel-efficient vehicles, stringent government laws & regulations toward vehicle emission, and increase in growth of public charging infrastructure drive the AFHV market. Technological advancement in alternative fuel vehicles and increase in government initiatives, such as investment in electric and hybrid buses, are expected to boost the market growth. However, high initial cost of vehicle and low fuel economy hamper the market growth.

AFHV are vehicles that run on various fuel sources such as gaseous fuels (LPG, CNG, and LNG), electric, and other alternative fuels (biofuel, biodiesel, fuel cell, liquid nitrogen, and dimethyl ether). The sale of electric and hybrid vehicles has witnessed a strong upsurge in the recent years. The market penetration of electric and hybrid vehicles is expected to increase in the near future. In addition, the adoption of other alternative fuels, such as CNG, LPG, fuel cell, and dimethyl ether has significantly increased in the recent years. Technological advancement in the AFHV sector is expected to boost the market growth in developing economies such as LAMEA and Asia-Pacific.

The passenger vehicles segment is projected to maintain its lead in the near future due to increase in sales of electric vehicles and advent of new technological advancements. The electric two-wheeler industry has witnessed strong uptake owing to stringent emission laws, lightweight components, low cost of vehicle, and increase in public charging infrastructure. Increase in demand for fuel-efficient and adoption of zero emission technologies in commercial vehicles in the developed economies of North America and Europe has boosted the market growth.

Asia-Pacific accounted for majority of the revenue in 2015, and is expected to maintain its dominance till 2022, attributing to increase in public awareness toward fuel-efficient vehicles, increase in adoption of electric vehicles, and enforcement of laws & regulations by government authorities regarding vehicle emissions. Moreover, rise in public charging infrastructure units propel the growth of the Asia-Pacific AFHV market.

Asia-Pacific is projected to be the fastest growing region throughout the analysis period. China is expected to dominate the Asia-Pacific region in terms of sales of passenger cars segment. This is attributed to increase in sales of electric passenger cars & two wheelers, implementation of stringent vehicular emission norms, rise in awareness of fuel-efficient vehicles, and growth in buying power of consumers in the emerging markets such as India, Malaysia, and China to adopt AFHV. Technological advancements for developing low-cost, fuel-efficient vehicles and increase in public charging infrastructure in these nations offer lucrative opportunities to the players in the AFHV market.

Key Findings of Alternative Fuel and Hybrid Vehicle Market Study:

In 2015, passenger cars led the market revenue, and this segment is projected to grow at a CAGR of 11.9% during the forecast period.
Commercial vehicle segment is expected to grow at the highest CAGR of 21.1%, owing to the wider adoption of alternative fuel commercial vehicles around the globe.
China is the major shareholder, accounting for about 58.4% of the Asia-Pacific AFHV market in 2015.

The key players in the AFHV market have focused on expanding their business operations in the emerging countries, with new product launches as a preferred strategy. The major players profiled in this report include Toyota Motor Corporation (Japan), Tesla Motors (U.S.), AUDI AG (Germany), BMW Group (Germany), General Motors (U.S.), Ford Motor Company (U.S.), Honda Motor Co., Ltd. (Japan), BYD Company Limited (China), Daimler AG (Germany), and Zero Motorcycles, Inc. (U.S.)
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  • Toyota Motor Corporation
  • Tesla Motors
  • AUDI AG
  • BMW Group
  • General Motors
  • Ford Motor Company
  • Honda Motor Co Ltd
  • BYD Company Limited
  • Daimler AG
  • Zero Motorcycles Inc
Note: Product cover images may vary from those shown
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