According to Technavio’s latest market research study, the global flex fuel engines market is expected to grow at a CAGR of more than 3% during the forecast period 2016 to 2020.
This report by Technavio provides an in-depth analysis of the global flex fuel engines market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the engine capacity
Global flex-fuel engine market in the compact-size segment: In 2015, Brazil and the US occupied the highest market share in the global compact-size segment. This market segment uses technologies like forced induction (turbocharged) and direct injection to downsize older generation cars of 2L-2.5L to make it compact-size. This technique helps the manufacturers to create powerful engines that enhance the performance of the vehicle. The number of cylinders used in these engines are lesser, making the vehicle lighter and reduces the friction in the engine.
“The stringent government regulations to reduce carbon emissions is encouraging OEMs to produce power machines with lesser engine capacity. The introduction of these compact size engines will increase the fuel efficiency and reduce carbon emission. The passenger cars sector is the highest user of these compact size engines in the global market,” says Praveen Kumar, a lead analyst at Technavio for research on the powertrain.
Global flex-fuel engine market in the mid-size segment: The manufacturers in the market are focusing on downsizing full-size engines and increase the fuel efficiency to attract more consumers in this market segment. Recently, Ford Motor and FEV Engineering co-developed EcoBoost engines that provide around 30% more power and are light weight engines. These developments in the mid-size segment will boost the demand for these engines in the market.
Global flex-fuel engine market in the full-size segment: The vendors in the market are launching full-size engines with innovative technology features, which will contribute to the growth of this market segment. Some of the features implemented include VVT, piston-cooling jets, direct fuel injection, turbo, and cylinder deactivation. These features improve the fuel efficiency and power of these engines.
The top vendors operating in the global flex fuel engines market are:
- General Motors
Other prominent vendors in the market include Fiat, Hyundai, Kia Motors, Mitsubishi, Renault, Toyota, and Peugeot.
A more detailed analysis is available in the Technavio report titled, ‘Global Flex Fuel Engines Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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