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Alternative Fuel And Hybrid Vehicle Market, By Alternative Fuel Type, (Gaseous, Electric), By Vehicle Type, (Two Wheelers, Passenger Cars, Battery Electric Passenger Cars, Hybrid Electric Passenger Cars, Alternative Fuel Passenger Cars, Commercial Vehicles), Estimation & Forecast, 2016 - 2024

September 2017 | 162 pages | ID: A5EDB16BC01EN
Esticast Research & Consulting

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Alternative fuel and hybrid vehicle market was valued at $318 billion in 2016 and is expected to reach $819 billion by 2024, having a CAGR of 12.8% during the forecast period of 2017 to 2024. The passenger car segment garnered the highest revenue share in the global alternative fuel and hybrid vehicle market.

Alternative fuel and hybrid vehicles (AFHV) are vehicles that run on fuels other than conventional types such as gasoline and diesel. The depletion of oil reserve at an alarming rate has given rise to the adoption of these vehicles across the globe. In addition, the emission of less harmful compounds such as oxides of carbon, nitrogen, and sulfur from these vehicles make them eco-friendly. Moreover, electric vehicles use electricity as their power source, in which electric energy is stored in the vehicular batteries and can be recharged at charging stations. On the other hand, hybrid vehicles use both conventional and alternative fuels as a source of power. Passengers can actually switch between these two powers while driving as per their feasibility and usage. The electricity based vehicle provides an attractive prospect by offering easily chargeable and noiseless urban transportation. In 2016, the total sale of electric drive vehicles in US alone stood at 5, 04,060 units.

MARKET DETERMINANTS

The world AFHV market has witnessed healthy growth in the recent years due to increase in demand for fuel-efficient vehicles, stringent government laws & regulations toward vehicle emission, and increase in public charging infrastructure. Technological advancements in alternative fuel vehicles and proactive government initiatives such as investment in electric and hybrid buses for public transit are propelling the market growth. Such a scenario represents both a challenge and an opportunity to capitalize on new vehicle technologies, and in the process, reap substantial economic development benefits. However, high costs of fuel, lack of awareness and high initial cost of infrastructure act as the major obstacles in the growth of the market. On the other hand, advancement in alternative fuel technologies, increasing interest in eco-friendly vehicles and upsurge in government initiatives are expected to create huge opportunities for the growth of market in the coming years.

MARKET SEGMENTATION

The alternative fuel and hybrid vehicles market is segmented on the basis of alternative fuel type, vehicle type and geography. By alternative fuel type, the market is segmented into gaseous fuels, electric and others. On the basis of vehicle type, the market is segmented as two wheelers, passenger cars, and commercial vehicles. Geographically, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is the largest AFHV market in terms of revenue. However, North America and Europe are expected to witness the fastest growth with a CAGR of 15% during the forecast period of 2017-2024.

ASIA PACIFIC ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET BY COUNTRY

Asia pacific alternative fuel and hybrid vehicle market by countrySome prominent market players are Toyota Motor Corporation, Tesla Motors, AUDI AG, BMW Group, General Motors, Ford Motor Company, Honda Motor Co., Ltd., BYD Company Limited, Daimler AG, and Zero Motorcycles, Inc. Mahindra & Mahindra (M&M) and Ford Motor Company inked a pact to explore a strategic alliance covering areas like product development, electric vehicles and distribution in India and abroad. Under the agreement, teams from both companies would collaborate and work together for up to 3 years to leverage benefits of Ford's global reach and expertise and Mahindra's scale in India.

GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE market segmentation

By Alternative fuel type
  • Gaseous (LPG, CNG, and LNG)
  • Electric
  • Others (Biofuel, Biodiesel, Fuel Cell, Liquid Nitrogen, and Dimethyl Ether)
By Vehicle type
      • Two Wheelers
  • Passenger Cars
    • Battery Electric Passenger Cars
    • Hybrid Electric Passenger Cars
    • Alternative Fuel Passenger Cars
  • Commercial Vehicles
    • Battery Electric Commercial Vehicles
    • Hybrid Electric Commercial Vehicles
    • Alternative Fuel Commercial Vehicles
By Geography
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • The Netherlands
    • Norway
    • France
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World
    • Latin America
    • Middle East
    • Africa
KEY MARKET PLAYERS
  • 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.
CHAPTER 1. INTRODUCTION

1.1. RESEARCH METHODOLOGY
  1.1.1. ERC desk research
  1.1.2. ERC data synthesis
  1.1.3. Data validation and market feedback
  1.1.4. ERC data sources
1.2. RESEARCH SUMMARY

CHAPTER 2. MARKET LANDSCAPE

2.1. ESEARCH SCOPE
2.2. VALUE CHAIN ANALYSIS
2.3. FIVE FORCES ANALYSIS
2.4. MARKET PLAYER POSITIONING
2.5. DEMAND FORECAST
2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
2.7. MARKET DETERMINANTS
  2.7.1. Drivers
    2.7.1.1. Increasing demand for fuel efficient vehicles
    2.7.1.2. Rising growth of public charging infrastructure
    2.7.1.3. Strict government regulations towards vehicle emission
  2.7.2. Restraints
    2.7.2.1. High cost of vehicle
    2.7.2.2. Fuel economy is low
  2.7.3. Opportunities
    2.7.3.1. Increasing government initiatives
    2.7.3.2. Technology advancement in alternative fuel vehicles

CHAPTER 3. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET BY ALTERNATIVE FUEL TYPE

3.1. SEGMENT OUTLINE
3.2. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY ALTERNATIVE FUEL TYPE,2016-2024
3.3. GASEOUS FUEL( LPG,CNG AND LNG)
  3.3.1. Trend analysis
  3.3.2. Market growth indicators
  3.3.3. Global gaseous fuel market revenue by region,2016-2024
3.4. PURE ELECTRIC
  3.4.1. Trend analysis
  3.4.2. Market growth indicators
  3.4.3. Global pure electric market revenue by region,2016-2024
3.5. OTHER( BIOFUEL,BIO-DIESEL, FUEL CELL, DIMETHYL ETHER AND LIQUID NITROGEN)
  3.5.1. Trend analysis
  3.5.2. Market growth indicators
  3.5.3. Global other alternative fuel market revenue by region,2016-2024

CHAPTER 4. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET BY VEHICLE TYPE

4.1. SEGMENT OUTLINE
4.2. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICEL MARKET REVENUE BY VEHICLE TYPE,2016-2024
4.3. TWO WHEELER
  4.3.1. Trend analysis
  4.3.2. Market growth indicators
  4.3.3. Global two wheeler market revenue by region,2016-2024
4.4. PASSENGER CARS
  4.4.1. Trend analysis
  4.4.2. Market growth indicators
  4.4.3. Global passeneger cars market revenue by region,2016-2024
  4.4.4. Battery electric passenger car
  4.4.5. Hybrid electric passenger car
  4.4.6. Alternative fuel passenger car
4.5. COMMERCIAL VEHICLE
  4.5.1. Trend analysis
  4.5.2. Market growth indicators
  4.5.3. Global commercial vehicel market revenue by region,2016-2024
  4.5.4. Battery electric commercial vehicle
  4.5.5. Hybrid electric commercial vehicle
  4.5.6. Alternative fuel commercial vehicle

CHAPTER 5. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET BY GEOGRAPHY

5.1. SEGMENT OUTLINE
5.2. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY GEOGRAPHY,2016-2024
5.3. NORTH AMERICA
  5.3.1. Trend analysis
  5.3.2. Market growth indicators
  5.3.3. North America alternative fuel and hybrid vehicle market revenue by country,2016-2024
  5.3.4. U.S.
  5.3.5. Mexico
  5.3.6. Canada
5.4. EUROPE
  5.4.1. Trend analysis
  5.4.2. Market growth indicators
  5.4.3. Europe alternative fuel and hybrid vehicle market revenue by country,2016-2024
  5.4.4. U.K.
  5.4.5. Germany
  5.4.6. France
  5.4.7. Netherland
  5.4.8. Norway
  5.4.9. Rest of Europe
5.5. ASIA-PACIFIC
  5.5.1. Trend analysis
  5.5.2. Market growth indicators
  5.5.3. Asia-Pacific alternative fuel and hybrid vehicle market revenue by country,2016-2024
  5.5.4. India
  5.5.5. China
  5.5.6. Japan
  5.5.7. South Korea
  5.5.8. Rest of Asia-Pacific
5.6. REST OF THE WORLD (ROW)
  5.6.1. Trend analysis
  5.6.2. Market growth indicators
  5.6.3. ROW alternative fuel and hybrid vehicle market revenue by country,2016-2024
  5.6.4. Latin America
  5.6.5. Middle East
  5.6.6. Africa

CHAPTER 6. KEY VENDOR PROFILES

6.1. FORD MOTOR COMPANY
  6.1.1. Company synopsis
  6.1.2. Company snapshot
  6.1.3. Business overview
  6.1.4. Strategic analysis
6.2. GENERAL MOTORS
  6.2.1. Company synopsis
  6.2.2. Company snapshot
  6.2.3. Business overview
  6.2.4. Strategic analysis
6.3. BYD COMPANY LIMITED
  6.3.1. Company synopsis
  6.3.2. Company snapshot
  6.3.3. Business overview
  6.3.4. Strategic analysis
6.4. HONDA MOTOR CO., LIMITED
  6.4.1. Company synopsis
  6.4.2. Company snapshot
  6.4.3. Business overview
  6.4.4. Strategic analysis
6.5. BMW GROUP
  6.5.1. Company synopsis
  6.5.2. Company snapshot
  6.5.3. Business overview
  6.5.4. Strategic analysis
6.6. AUDI AG
  6.6.1. Company synopsis
  6.6.2. Company snapshot
  6.6.3. Business overview
  6.6.4. Strategic analysis
6.7. TESLA MOTORS
  6.7.1. Company synopsis
  6.7.2. Company snapshot
  6.7.3. Business overview
  6.7.4. Strategic analysis
6.8. ZERO MOTORCYCLES, INC.
  6.8.1. Company synopsis
  6.8.2. Company snapshot
  6.8.3. Business overview
  6.8.4. Strategic analysis
6.9. DAIMLER AG
  6.9.1. Company synopsis
  6.9.2. Company snapshot
  6.9.3. Business overview
  6.9.4. Strategic analysis
6.10. TOYOTA MOTOR CORPORATION
  6.10.1. Company synopsis
  6.10.2. Company snapshot
  6.10.3. Business overview
  6.10.4. Strategic analysis

LIST OF TABLES

TABLE NO 1. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY ALTERNATIVE FUEL TYPE,2016-2024($BILLION)
TABLE NO 2. GLOBAL GASEOUS FUEL MARKET REVENUE BY REGION,2016-2024($BILLION)
TABLE NO 3. GLOBAL PURE ELECTRIC MARKET REVENUE BY REGION,2016-2024($BILLION)
TABLE NO 4. GLOBAL OTHER ALTERNATIVE FUEL MARKET REVENUE BY REGION,2016-2024($BILLION)
TABLE NO 5. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICEL MARKET REVENUE BY VEHICLE TYPE,2016-2024($BILLION)
TABLE NO 6. GLOBAL TWO WHEELER MARKET REVENUE BY REGION,2016-2024($BILLION)
TABLE NO 7. GLOBAL PASSENEGER CARS MARKET REVENUE BY REGION,2016-2024($BILLION)
TABLE NO 8. GLOBAL COMMERCIAL VEHICEL MARKET REVENUE BY REGION,2016-2024($BILLION)
TABLE NO 9. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY GEOGRAPHY,2016-2024($BILLION)
TABLE NO 10. NORTH AMERICA ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY COUNTRY,2016-2024($BILLION)
TABLE NO 11. EUROPE ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY COUNTRY,2016-2024($BILLION)
TABLE NO 12. ASIA-PACIFIC ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY COUNTRY,2016-2024($BILLION)
TABLE NO 13. ROW ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY COUNTRY,2016-2024($BILLION)

LIST OF FIGURES

FIGURE NO 1. VALUE CHAIN ANALYSIS
FIGURE NO 2. FIVE FORCES ANALYSIS
FIGURE NO 3. MARKET PLAYER POSITIONING
FIGURE NO 4. INVESTMENT OPPORTUNITIES
FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE)
FIGURE NO 6. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY ALTERNATIVE FUEL TYPE,2016-2024($BILLION)
FIGURE NO 7. GLOBAL GASEOUS FUEL MARKET REVENUE BY REGION,2016-2024($BILLION)
FIGURE NO 8. GLOBAL PURE ELECTRIC MARKET REVENUE BY REGION,2016-2024($BILLION)
FIGURE NO 9. GLOBAL OTHER ALTERNATIVE FUEL MARKET REVENUE BY REGION,2016-2024($BILLION)
FIGURE NO 10. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICEL MARKET REVENUE BY VEHICLE TYPE,2016-2024($BILLION)
FIGURE NO 11. GLOBAL TWO WHEELER MARKET REVENUE BY REGION,2016-2024($BILLION)
FIGURE NO 12. GLOBAL PASSENEGER CARS MARKET REVENUE BY REGION,2016-2024($BILLION)
FIGURE NO 13. GLOBAL COMMERCIAL VEHICEL MARKET REVENUE BY REGION,2016-2024($BILLION)
FIGURE NO 14. GLOBAL ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY GEOGRAPHY,2016-2024($BILLION)
FIGURE NO 15. NORTH AMERICA ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY COUNTRY,2016-2024($BILLION)
FIGURE NO 16. U.S. ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 17. MEXICO ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 18. CANADA ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 19. EUROPE ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY COUNTRY,2016-2024($BILLION)
FIGURE NO 20. U.K. ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 21 GERMANY ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 22. FRANCE ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 23. NETHERLAND ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 24. NORWAY ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 25. EUROPE ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 26. ASIA-PACIFIC ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY COUNTRY,2016-2024($BILLION)
FIGURE NO 27. INDIA ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 28. CHINA ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 29. JAPAN ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 30. SOUTH KOREA ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 31. REST OF ASIA-PACIFIC ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 32. ROW ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE BY COUNTRY,2016-2024($BILLION)
FIGURE NO 33. LATIN AMERICA ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 34. MIDDLE EAST ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)
FIGURE NO 35. AFRICA ALTERNATIVE FUEL AND HYBRID VEHICLE MARKET REVENUE,2016-2024($BILLION)


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