Market overview of ethanol-based vehicles
Technavio’s market research analyst predicts the global ethanol-based vehicle market to grow at a CAGR of more than 6% during the forecast period. The shift from petroleum-based vehicles to alternative fuel-based vehicles is a key growth driver for this market. Concerns about greenhouse gas emissions have led governments to focus on alternative sources of fuel and an emphasis on fuel economy by the transportation sector, as more vehicles are hitting the road every day. The transportation sector is the second largest GHG emissions contributor, with more than 25% of GHG emissions being generated by the transportation sector in the US. Ethanol-based vehicles offer notable GHG emissions benefits when compared to their gasoline counterparts. Vehicle emissions of carbon dioxide (CO2) are also offset by growing plants from which ethanol is derived.
However, the growing popularity of biodiesel is expected to pose challenges to the growth of this market over the next four years. Biodiesel yields higher energy output than ethanol. Europe is the predominant consumer of biodiesel as an automotive fuel due to its legacy fleet of diesel vehicles. In addition to producing biodiesel, Europe meets its demands by importing the same from the US, Argentina, and Indonesia. In the US, more than 8% of the public bus system runs on biodiesel. Moreover, the dependency of ethanol on feedstock and the need to reduce the same remains a primary driver for biodiesel consumption by the automotive sector.
Segmentation by vehicle type and analysis of the ethanol-based vehicle market
- Commercial vehicles
- Passenger cars
During 2015, the ethanol-based vehicle market for passenger cars was estimated at 3.72 million units. This segment will register a healthy growth rate during the forecast period compared to commercial vehicles, due to the
Market overview of hybrid commercial vehicles
Technavio’s research analyst predicts the global hybrid commercial vehicle market to grow at a CAGR of more than 17% during the forecast period. Hybrid powertrains offer more benefits, such as fuel economy and low operating costs, when compared to ICE vehicles. These factors are driving the market for hybrid commercial vehicles that run on both ICE and electricity. Hybrid commercial vehicles offer the best solution for fuel efficiency and lower pollutant emissions as a result of the start-stop system and regenerative braking mechanisms typical of these vehicles. The use of regenerative braking systems in micro hybrid vehicles also ensures a long life for the vehicle’s brake discs and pads as these do not wear out quickly.
The various incentives and tax benefits offered by regulatory bodies worldwide to increase the use of hybrid commercial vehicles has been aiding the growth of this market. The transportation sector is a major consumer of fossil fuels in many parts of the world. For instance, the transportation sector utilizes about two-thirds of the oil consumed in the US, and about 93% of the fuel consumed is derived from petroleum. Such factors have led to the promotion of hybrid commercial vehicles to reduce the dependency on oil. Many states across the US are providing incentives to hybrid vehicle users and EV users. For instance, the state of California offers rebates up to $2,500 for EV users and $1,500 for PHEV users.
Competitive landscape and key vendors
Very few global vendors operate in hybrid commercial vehicle sector with key vendors holding a major share of the market. The market is highly competitive, with players competing to gain more market share through partnerships and exploring new potential markets. The competition in the market is anticipated to intensify as the market for hybrid commercial vehicles
Market outlook of the electric three wheeler market in APAC
Technavio’s market research analyst estimates the electric three wheeler market in APAC to grow at a healthy CAGR of around 7% by 2020. Government subsidies and incentives to increase the manufacturing and sales of electric three wheel vehicles are anticipated to be the primary growth impelling factors for this market. The ability of electric three wheelers to aid in the transportation of passengers and goods in countries like China, India, and Japan is estimated to result in this market’s healthy growth rate during the forecast period.
The low ownership, operating, and maintenance cost of electric three wheelers (E3Ws) is the key driver for the growth of this market. Due to their design, electric vehicles have low maintenance costs when compared to conventional vehicles. The vendors’ growing focus on improving the vehicle technology and reducing the total cost of maintenance are expected to attract more buyers during the forecast period.
Competitive landscape and key vendors
The electric three-wheeler market in APAC has limited vendors and is characterized by rapid technological innovations. Growing investments towards the development of lighter electric three wheeler vehicles with higher drive range are expected to augment vehicle sales during the forecast period. The vendors in this market compete on the basis of design, better technology, and range and performance of these vehicles to gain an edge over their rivals.
The top vendors in the market are -
- Chongqing Bajaj Machinery
- Qiangsheng Electric Tricycle Factory
- Scooters India
- Terra Motors
Geographical segmentation of the electric three wheeler market by key countries
Technavio market research analysts estimate China to be the biggest market for E3Ws during the forecast period. This
About Amphibious Landing Crafts
Landing crafts are boats or crafts used to transport troops, equipment, and military vehicles from sea to shore during amphibious assault. Amphibious operations are a feature of modern day warfare. Modern day landing crafts were first developed in the US and are segmented into three categories based on product type: LCAC, LCM, and LCU. Changing customer requirements and advances in technology have led to the manufacture of advanced landing crafts that can move easily on different types of terrain, and carry troops, vehicles, weapons, and equipment. They are designed to transport these directly to the war zone without causing any casualties.
TechNavio's analysts forecast the Global Amphibious Landing Craft market to grow at a CAGR of 0.13 percent over the period 2013-2018.
Covered in this Report
The Global Amphibious Landing Craft market can be segmented into three divisions: LCAC, LCM, and LCU.
TechNavio's report, Global Amphibious Landing Craft Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the Europe, the Asia and Oceania, the Middle East, and the Africa regions; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
• Asia and Oceania
• Middle East
• Griffon Hoverwork
• L-3 Unidyne
• Marine Alutech Oy
Other Prominent Vendors
• Abu Dhabi Shipbuilding
• Almaz Shipbuilding
• Construction Industrielles De La Méditerranée
• Goa Shipyard
• Strategic Marine
Key Market Driver
• Increased Demand for
About Electric Unmanned Aerial Vehicles
UAVs, also referred to as drones, are aerial vehicles without a human pilot aboard. The vehicle is controlled either autonomously by an on-board computer or by a remote control from the ground or on another vehicle. UAVs range in sizes. Large UAVs are used for tactical missions that are powered by internal combustion engines. Small electric powered UAVs are primarily used for military and defense applications, and are driven by electric motors. Without combustion, these electric powered UAVs are quiet and found more suitable for spy missions. Also, there has been an increase in interest for commercial applications of UAVs like aerial photography, agriculture, 3D mapping, wildlife protection, etc.
TechNavio's analysts forecast the Global Electric Unmanned Aerial Vehicles Market to grow at a CAGR of 18.20 percent over the period 2013-2018.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Electric Unmanned Aerial Vehicles Market for the period 2014-2018. It considers the global overview of the market as well as the market share by region. The report contains projections of the global market for the forecast period. The report also presents the vendor landscape and a corresponding detailed analysis of the leading vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the industry, as well as the key trends that are emerging in the market.
TechNavio's report, the Global Electric Unmanned Aerial Vehicles Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC
About Marine Electric Vehicles
Fuel used by ships and boats is varied and ranges from diesel and gasoline to just wind energy. For instance, ships that carry cargos and containers majorly run on diesel; gasoline and sails are also commonly used. With fuel prices growing exponentially, the demand for alternative energy sources to propel ships and boats is greater than ever. Electricity and solar energy are cheaper than diesel and gasoline,. and small ships and boats are now using these alternative sources of energy. Those boats that run on electric energy as the primary fuel source are known as electric boats.
TechNavio's analysts forecast the Global Marine Electric Vehicles market will grow at a CAGR of 9.15 percent over the period 2013-2018.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Marine Electric Vehicles market for the period 2014-2018. To calculate the market size, the report considers the annual revenue generated from sales and after sales service of marine electric vehicles including hybrid vehicles to the Defense and Commercial sectors.
TechNavio's report, the Global Marine Electric Vehicles Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Marine Electric Vehicles market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
• Andaman Boatyard Co. Ltd.
• Duffy Electric Boat Co.
• Ruban Bleu
• Triton Submarines LLC
Other Prominent Vendors
• Autonomous Undersea Vehicle Applications Center
• BOESCH MOTORBOOTE AG
• Boote Marian GmbH
• Liquid Robotics, Inc.
• Tamarack Lake Electric Boat Co.
Aerospace manufacturing refers to designing, manufacturing, testing, and selling aircraft, aircraft parts, military equipment, components, and spacecraft.
Aerospace manufacturing has been shrinking in tandem with diminishing Western defense budgets. However, many companies in the US and Europe are investing in manufacturing operations in Mexico, Poland, North Africa, India, and China, among other regions.
The aerospace industry has integrated additive manufacturing (also known as 3D printing) through all processes and functions — from design through to near-end-of-life repairs. Aerospace led the way in this segment and all other industries have followed in its footsteps.