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‘Alternative Fuel Vehicle Market Worth $313 Billion In 2017’ Says Visiongain Report

September 18th, 2020 8:12 AM

Visiongain’s new report Alternative Fuel Vehicle (AFV) Market Report 2017-2027: Forecasts By Fuel Type (Gaseous, Electric, Others), By Vehicle Type (Two-Wheelers, Passenger Cars (Battery Electric, Hybrid Electric, Gaseous & Other), Commercial Vehicles (Battery Electric, Hybrid Electric, Gaseous & Other) Plus Analysis of Top Companies Developing BEV, HEV, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), Biofuel, Bio-Diesel & Fuel Cell Technologies indicates that the global alternative fuel vehicle market will achieve revenues of $313 billion in 2017.

The lead analyst of the report said: “The adoption of alternative fuel vehicles has increased significantly owing to increasing need to reduce vehicular emission. Market players in the global industry are introducing fuel-efficient and low-cost alternative fuel vehicles to cater to these growing consumer needs. However, high initial costs associated with alternative fuel vehicles limit the market growth. Stringent emission laws & regulations are encouraging automobile manufacturers to launch alternative fuel technologies across the globe. The adoption of alternative fuel vehicles in the commercial sector is also increasing. Increasing need to increase efficiency and reduce the maintenance costs of transportation of commercial goods majorly drives the growth of this market. Special initiatives taken by governments in the form of subsidy and special schemes for users of alternative fuel vehicles supplements the growth of this market. New product launches and acquisitions by leading players in the market coupled with technological advancements have increased the acceptance of alternative fuel vehicles. “

The 182 page report contains 200+ tables, charts and graphs that add visual analysis in order to explain developing trends within the alternative fuel vehicles market. Visiongain provides sales revenue forecasts for the period 2017-2027 for the various types of fuel types and vehicle types. The report offers market forecast and analysis for 4 regions and 20 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering 10 companies leading in the field of alternative fuel vehicles.

The Alternative Fuel Vehicle (AFV) Market Report 2017-2027: Forecasts By Fuel Type (Gaseous, Electric, Others), By Vehicle Type (Two-Wheelers, Passenger Cars (Battery Electric, Hybrid Electric, Gaseous & Other), Commercial Vehicles (Battery Electric, Hybrid Electric, Gaseous & Other) Plus Analysis of Top Companies Developing BEV, HEV, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), Biofuel, Bio-Diesel & Fuel Cell Technologies report will be of value to anyone who wants to better understand the alternative fuel vehicle market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, pharmaceutical, materials and telecoms sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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