by [150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global alternative fuel vehicle market was valued at around USD 468.83 billion in 2021 and is expected to register revenues worth USD 1,331.57 billion by the end of 2030, growing at an exceptional CAGR of approximately 12.3% between 2022 and 2030.
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Alternative Fuel Vehicle Market Growth Factors:
The global alternative fuel market has witnessed a significant growth rate owing the rising demand for the fuel efficient vehicles and eco-friendly transportation solutions. The stringent government regulations to curb the emission of greenhouse gases is encouraging the customers to opt for alternative fuel vehicles across the globe. The rising investments of the vehicle manufacturers in the production of alternative fuel vehicles and the government subsidies sanctioned to them is boosting the overall growth of the global alternative fuel vehicle market.
The technological advancements and increasing government investments in the development of clean transportation for public is driving the sales of electric buses. Moreover, the rising awareness among the population regarding the deteriorating environmental conditions due to the rising pollution levels is encouraging them to demand for the alternative fuel vehicles, especially in the developed markets like Europe and North America.
The oil reserves are depleting rapidly across the globe. Government of various nations are heavily investing towards the development of the renewable energy sources. Hence, the alternative fuel vehicle market is estimated to grow at a rapid pace during the forecast period.
Alternative Fuel Vehicle Market Report Scope
| Report Highlights | Details |
| Market Size in 2030 | USD 1,331.57 Billion |
| Growth Rate | CAGR of 12.3% From 2021 to 2030 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Vehicle Type, Fuel Type, Region |
Alternative Fuel Vehicle Market Report Highlights
- Based on the vehicle type, the passenger vehicle segment dominated the global alternative fuel vehicle market in 2020. The rising disposable income, desire for luxury vehicles, and improved standard of living has significantly fostered the adoption of various passenger vehicles. Moreover, changing demographic of the middle class consumers and shifting preferences of the consumers towards eco-friendly fuel is further expected to drive the segment growth during the forecast period.
- Based on the fuel type, the electric segment was the dominating segment in 2020 and is expected to be the fastest-growing segment during the forecast period. The increased pollution levels and growing initiatives of the government and the corporate sector to reduce carbon footprint in order to achieve sustainability in the long-term is rapidly boosting the adoption of the electric fuel across the globe.
Competition Landscape
The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.
This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
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some of the prominent players in the alternative fuel vehicle market include:
- Volkswagen AG
- 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.
- Nissan Motor Corporation
- Mitsubishi Motors Corporation
- Nikola Motor Company
- Renault
- Tata Motors
- Polaris Industries
- Scania
Alternative Fuel Vehicle Market Segments
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Fuel Type
- Electric
- Biofuels
- Gas Fuels
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global alternative fuel vehicle market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the alternative fuel vehicle market.
The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.
Why should you invest in this report?
If you are aiming to enter the global alternative fuel vehicle market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for alternative fuel vehicle are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Alternative Fuel Vehicle Market
5.1. COVID-19 Landscape: Alternative Fuel Vehicle Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Alternative Fuel Vehicle Market, By Vehicle
8.1. Alternative Fuel Vehicle Market, by Vehicle Type, 2021-2030
8.1.1. Passenger Vehicle
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Commercial Vehicle
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Alternative Fuel Vehicle Market, By Fuel
9.1. Alternative Fuel Vehicle Market, by Fuel, 2021-2030
9.1.1. Electric
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Biofuels
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Gas Fuels
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Alternative Fuel Vehicle Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.1.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Fuel (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Fuel (2019-2030)
Chapter 11. Company Profiles
11.1. Volkswagen AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Toyota Motor Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Tesla Motors
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. AUDI AG
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. BMW Group
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. General Motors
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Ford Motor Company
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Honda Motor Co., Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. BYD Company Limited
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Daimler AG
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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