Alternative Fuel and Hybrid Vehicle Market – 2014–2022 — Fuel & Vehicle Type Analysis

Allied Market Research has recently published a report on the alternative fuel and hybrid vehicle (AFHV) market, which is an extensive study of the industry for the period 2014–2022. It covers the various market segment, based on the alternative fuel type and vehicle type. It examines the various driving factors, restraints, opportunities and challenges faced by the industry for the given period. A detailed analysis of the key market players is also provided to give a comprehensive understanding of the market scenario. The report consists of key charts, statistics, and tables to add credibility to the conclusions and research findings of the report. The conclusions are arrived at after careful processing of raw data from primary and secondary resources.

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Alternative fuels have a rapidly emerging market owing to the decreased dependency on fossil fuels. It has become imperative for automobiles to use substitute fuels that do not emit excess of greenhouse gases. These fuels include gaseous fuels, such as LPG, CNG, and LNG. More environmental-friendly versions of fuels include biofuel, biodiesel, fuel cell, liquid nitrogen, and dimethyl ether. Hybrid vehicles are form an expanding market and are growing along with the advancements in the alternative fuel industry. The popularity of hybrid cars and electric vehicles has soared higher and contributed significantly to a robust industry. The entire market for both the segments is flourishing due to the increase in government initiatives and rapid technological progress in the field.

The AFHV market report emphasizes on the exponential growth of the industry in the forecast period 2014–2020. According to the findings of the study, the market is projected to garner a total value of $614 billion by the year 2022. This figure can be reached at by a projected CAGR of 12.9% during the given forecast period. The study also emphasizes on the presence of the market in various geographical regions of the world. With an in-depth analysis, the global connected car market explains the growth potential of each region and highlights the probable investment pockets for the investors and stakeholders.

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Key Findings of the AFHV Market Report:
• According to the alternative fuels and hybrid vehicles market report, the passenger cars segment accounted for the highest market revenue in 2015. The segment is projected to maintain this status and continue to grow at a CAGR of 11.9% during the given forecast period.
• The commercial vehicle category is also expected to yield the highest CAGR of 21.1% due to the widespread adoption of alternative fuel commercial vehicles in many regions across the world.
• A detailed geographical analysis of the AFHV market depicts that the Asia-Pacific region dominated the entire global market in 2015, accounting for as much as 47%/.
• In the entire Asia-Pacific market, China is the largest shareholder and held a significant share of 58.4% of the entire regional market in 2015.

The report enlists the key market players’ profiles engaged in the industry. The inclusion of crucial data about the business performances, operating business segments, key strategic moves and developments, and the marketing strategies of each player provided in the report enable a better competitive analysis of the major players. The main companies mentioned in the study include names, such as Toyota Motor Corporation, Tesla Motors, Audi AG, BMW, Daimler AG, Honda Motor Co., Ltd., and Zero Motorcycles, Inc. Acquisition and partnerships were observed to be the most prominent business strategy adopted by the players.

The alternative fuels and hybrid vehicles market report focusses on the essential factors driving the growth of the market. With a detailed competitive analysis, the study enables a more in-depth understanding of the current market scenario and future trends. The significant investment pockets highlighted in the report give the interested stakeholders a comprehensive analysis of the various market dynamics. The report gives a better guidance to investors and business owners about the market lucrativeness of each segment and various technologies that propel its share in the overall market. Overall, the study is an important source of information for those looking at expanding their horizons about the market, through detailed industry insights.

Allied Market Research is a global 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.

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