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The ethanol-based vehicle market share is expected to increase by 760.85 thousand units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.06%.
This ethanol-based vehicle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ethanol-based vehicle market segmentation by type (passenger cars and commercial vehicles) and geography (North America, South America, Europe, APAC, and MEA). The ethanol-based vehicle market report also offers information on several market vendors, including Daimler AG, Deere and Co., Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Toyota Motor Corp., and Volkswagen AG among others.
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The government regulations mandating and promoting use of ethanol fuels in vehicles is notably driving the ethanol-based vehicle market growth, although factors such as subsidies to fossil fuel consumption may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ethanol-based vehicle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ethanol-based Vehicle Market Driver
One of the key factors driving growth in the ethanol-based vehicle market is the government regulations mandating and promoting use of ethanol fuels in vehicles. The US Energy Independence and Security Act of 2007 consider ethanol an accurate solution to cut gasoline consumption and reduce dependence on petrol imports, though adoption rates have been mixed based on the EPA targets under Renewable Fuel Standard. The Philippines has an E10 mandate and is likely to have ethanol blending of 20% by 2020. In Australia, New South Wales has an E6 ethanol-blending mandate. India has an E5 ethanol mandate scheduled to be upgraded to E10 as soon as ethanol production and infrastructure. On a similar note, several countries such as Fiji, Indonesia, Malaysia, South Korea, Taiwan, Thailand, and Vietnam have been promoting the use of ethanol blends. Africa. Several other countries, such as Zambia and Nigeria, have a national ethanol target in place, and these are likely to be key drivers for Africa's ethanol-based vehicle market.
Key Ethanol-based Vehicle Market Trend
The second-generation ethanol commercialization to pick up is another factor supporting the ethanol-based vehicle market share growth. Until the early 2010s, the production and use of second-generation ethanol were limited only to the US. The market has registered considerable growth in the production of second-generation ethanol. Ethanol manufacturers, such as Novozymes and Diversa, are contributing to the development and commercialization of second-generation ethanol for use as an automotive fuel. Technavio expects the second-generation fuel to eat into the share of first-generation ethanol, even though the former is more expensive. As a result, the commercial use of fuel as an automotive fuel has been limited. Biodiesel has been trending in the market in terms of volume production, but cellulosic ethanol use is likely to register faster growth rates during the forecast period.
Key Ethanol-based Vehicle Market Challenge
The subsidies to fossil fuel consumption will be a major challenge for the ethanol-based vehicle market during the forecast period. According to the OECD, subsidies for fossil fuel production increased across 44 rich and emerging economies in 2019 by 38% to $55 billion as compared with 2018. Several emerging regions in APAC and South America prefer the use of petrol to renewable energy sources because of these subsidies. These pose a challenge to the consumption of ethanol, thereby restraining the growth of the ethanol-based vehicle market.
This ethanol-based vehicle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global ethanol-based vehicle market as a part of the global automotive market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ethanol-based vehicle market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the ethanol-based vehicle market encompasses successful business strategies deployed by the key vendors. The ethanol-based vehicle market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Ford Motor Co. -The company offers ethanol-based vehicles such as Cargo Van, Super Duty Chassis Cab, and more.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ethanol-based vehicle market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the ethanol-based vehicle market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the automotive market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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56% of the market's growth will originate from North America during the forecast period. The US is the key market for ethanol-based vehicles in North America. Market growth in this region will be faster than the growth of the market in the South American, MEA and APAC regions.
The likely commercialization of second-generation ethanol may play a key role in the widespread consumption of FFVs in the US and more so at the global level. This will facilitate the ethanol-based vehicle market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The market in focus experienced a decline in 2020 due to the COVID-19 pandemic. Governments across the region imposed nationwide lockdowns to curb the spread of COVID-19. Like many other industries, automotive manufacturing was adversely impacted by the pandemic in 2020. Therefore, a decline in the production of vehicles affected the demand for ethanol-based vehicles. However, governments in the region are focusing on reviving industrial growth to give impetus to the sales and production of vehicles from 2021 onward.
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The ethanol-based vehicle market share growth by the passenger cars segment will be significant during the forecast period. The passenger car segment should grow at a higher rate than the commercial vehicle segment during the forecast period. Such a trend may stem from factors such as the rising awareness of biofuels and the impact of pollution on climate among consumers and government efforts to promote the use of ethanol-based vehicles. This will lead to widespread adoption of the technology. This segment may register a healthier growth rate compared with commercial vehicles because new models may be launched in this segment during the forecast period. Some factors driving the sales of passenger FFVs are higher product availability and better awareness among consumers, as automakers work to promote alternative-fuel-based vehicles in response to government regulations and emission norms.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ethanol-based vehicle market size and actionable market insights on post COVID-19 impact on each segment.
Ethanol-based Vehicle Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.06%
Market growth 2021-2025
760.85 th units
YoY growth (%)
North America, South America, Europe, APAC, and MEA
Performing market contribution
North America at 56%
Key consumer countries
US, Brazil, UK, China, and Germany
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Daimler AG, Deere and Co., Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Toyota Motor Corp., and Volkswagen AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*2.1.1 Parent market
*Exhibit 01: Parent market
*Exhibit 02: Market characteristics
**2.2 Value chain analysis
*188.8.131.52 Raw material suppliers
*184.108.40.206 Component manufacturers and system suppliers
*2.2.2 Inbound logistics
*2.2.3 Automobile manufacturers
*2.2.4 Distribution and logistics
*2.2.5 Marketing and sales
*2.2.6 Aftermarket and service
*2.2.7 Industry innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 03: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 04: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 05: Global - Market size and forecast 2020 - 2025 (thousand units)
*Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 07: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
*Exhibit 08: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 09: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 10: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 11: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 12: Threat of rivalry
**4.7 Market condition
*Exhibit 13: Market condition - Five forces 2020
***5. Market Segmentation by Type by Volume
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 14: Type by Volume - Market share 2021-2026 (%)
**5.2 Comparison by Type by Volume
*Exhibit 15: Comparison by Type by Volume
**5.3 Passenger cars - Market size and forecast 2020-2025 (units)
*Exhibit 16: Passenger cars - Market size and forecast 2020-2025 (thousand units)
*Exhibit 17: Passenger cars - Year-over-year growth 2020-2025 (%)
**5.4 Commercial vehicles - Market size and forecast 2020-2025 (Units)
*Exhibit 18: Commercial vehicles - Market size and forecast 2020-2025 (thousand units)
*Exhibit 19: Commercial vehicles - Year-over-year growth 2020-2025 (%)
**5.5 Market opportunity by Type by Volume
*Exhibit 20: Market opportunity by Type by Volume
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Customer landscape
*Exhibit 21: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 22: Market share by geography 2020-2025 (%)
**7.2 Geographic comparison
*Exhibit 23: Geographic comparison
**7.3 North America - Market size and forecast 2020-2025
*Exhibit 24: North America - Market size and forecast 2020-2025 (thousand units)
*Exhibit 25: North America - Year-over-year growth 2020-2025 (%)
**7.4 South America - Market size and forecast 2020-2025
*Exhibit 26: South America - Market size and forecast 2020-2025 (thousand units)
*Exhibit 27: South America - Year-over-year growth 2020-2025 (%)
**7.5 Europe - Market size and forecast 2020-2025
*Exhibit 28: Europe - Market size and forecast 2020-2025 (thousand units)
*Exhibit 29: Europe - Year-over-year growth 2020-2025 (%)
**7.6 APAC - Market size and forecast 2020-2025
*Exhibit 30: APAC - Market size and forecast 2020-2025 (thousand units)
*Exhibit 31: APAC - Year-over-year growth 2020-2025 (%)
**7.7 MEA - Market size and forecast 2020-2025
*Exhibit 32: MEA - Market size and forecast 2020-2025 (thousand units)
*Exhibit 33: MEA - Year-over-year growth 2020-2025 (%)
**7.8 Key leading countries
*Exhibit 34: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 35: Market opportunity by geography (thousand units)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Government regulations mandating and promoting use of ethanol fuels in vehicles
*8.1.2 Shift from petroleum-based vehicles to alternative fuel-based vehicles
*8.1.3 Economic revival in target markets for ethanol-based vehicles
**8.2 Market challenges
*8.2.1 Subsidies to fossil fuel consumption
*8.2.2 Heavy capital requirements
*8.2.3 Lack of infrastructure
*8.2.4 Lack of consumer awareness
*8.2.5 Biodiesel may dominate automotive fuels
*Exhibit 36: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Second-generation ethanol commercialization to pick up
*8.3.2 Decline in ethanol exports
*8.3.3 Market dominated by North America region
***9. Vendor Landscape
*Exhibit 37: Vendor landscape
**9.2 Landscape disruption
*Exhibit 38: Landscape disruption
*Exhibit 39: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 40: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 41: Market positioning of vendors
**10.3 Daimler AG
*Exhibit 42: Daimler AG - Overview
*Exhibit 43: Daimler AG - Business segments
*Exhibit 44: Daimler AG-Key news
*Exhibit 45: Daimler AG - Key offerings
*Exhibit 46: Daimler AG - Segment focus
**10.4 Deere and Co.
*Exhibit 47: Deere and Co. - Overview
*Exhibit 48: Deere and Co. - Business segments
*Exhibit 49: Deere and Co. - Key offerings
*Exhibit 50: Deere and Co. - Segment focus
**10.5 Ford Motor Co.
*Exhibit 51: Ford Motor Co. - Overview
*Exhibit 52: Ford Motor Co. - Business segments
*Exhibit 53: Ford Motor Co.- Key news
*Exhibit 54: Ford Motor Co. - Key offerings
*Exhibit 55: Ford Motor Co. - Segment focus
**10.6 General Motors Co.
*Exhibit 56: General Motors Co. - Overview
*Exhibit 57: General Motors Co. - Business segments
*Exhibit 58: General Motors Co. - Key offerings
*Exhibit 59: General Motors Co. - Segment focus
**10.7 Nissan Motor Co. Ltd.
*Exhibit 60: Nissan Motor Co. Ltd. - Overview
*Exhibit 61: Nissan Motor Co. Ltd. - Business segments
*Exhibit 62: Nissan Motor Co. Ltd. - Key offerings
*Exhibit 63: Nissan Motor Co. Ltd. - Segment focus
**10.8 Toyota Motor Corp.
*Exhibit 64: Toyota Motor Corp. - Overview
*Exhibit 65: Toyota Motor Corp. - Business segments
*Exhibit 66: Toyota Motor Corp.-Key news
*Exhibit 67: Toyota Motor Corp. - Key offerings
*Exhibit 68: Toyota Motor Corp. - Segment focus
**10.9 Volkswagen AG
*Exhibit 69: Volkswagen AG - Overview
*Exhibit 70: Volkswagen AG - Business segments
*Exhibit 71: Volkswagen AG - Key offerings
*Exhibit 72: Volkswagen AG - Segment focus
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 73: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 74: Research Methodology
*Exhibit 75: Validation techniques employed for market sizing
*Exhibit 76: Information sources
**11.4 List of abbreviations
*Exhibit 77: List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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