Alternative Fuel Vehicle Market Size, Share, Trends, Growth and Forecast 2032

Alternative Fuel Vehicle Market

Alternative Fuel Vehicle Market By Alternative Fuel Type (Gaseous Fuels, Electric, Bio Fuels, Liquid Nitrogen, And Others) For Vehicle Type (Two Wheelers, Passenger Cars, And Commercial Vehicles) - Global Industry Perspective, Comprehensive Analysis And Forecast, 2024-2032

Category: Automotive Report Format : PDF Pages: 130 Report Code: ZMR-2671 Published Date: May-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 366.38 Billion USD 516.98 Billion 3.9% 2023

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Fuel Type
        • 2.1.1.2. Market Attractiveness Analysis, By Vehicle Type
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Alternative Fuel Vehicle Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Alternative Fuel Vehicle Market – Fuel Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Gaseous Fuels
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Electric
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. BioFuels
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Liquid Nitrogen
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Alternative Fuel Vehicle Market – Vehicle Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Vehicle Type, 2020 & 2028
    • 5.2. Two Wheelers
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Passenger Cars
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Commercial Vehicles
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6: Alternative Fuel Vehicle Market – Industry Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Fuel Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Fuel Type, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Fuel Type, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Fuel Type, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Vehicle Type, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Fuel Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Fuel Type, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Fuel Type, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Fuel Type, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Fuel Type, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Fuel Type, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Fuel Type, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Vehicle Type, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Fuel Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Fuel Type, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Fuel Type, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Fuel Type, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Fuel Type, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Fuel Type, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Fuel Type, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Vehicle Type, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Fuel Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Fuel Type, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Fuel Type, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Fuel Type, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Vehicle Type, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Fuel Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Fuel Type, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Fuel Type, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Vehicle Type, 2016 – 2028
      • 6.6.5. Rest of Middle-East Africa
        • 6.6.5.1. Rest of Middle-East Africa Market Revenue, By Fuel Type, 2016 – 2028
        • 6.6.5.2. Rest of Middle-East Africa Market Revenue, By Vehicle Type, 2016 – 2028
  • Chapter No. 7: Alternative Fuel Vehicle Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Alternative Fuel Vehicle Market: Company Market Share, 2019
      • 8.1.2. Global Alternative Fuel Vehicle Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Alternative Fuel Vehicle Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Alternative Fuel Vehicle Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Fuel Type Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Ford Motor Company
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Fuel Type Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Jaguar Land Rover Limited
    • 9.3. Toyota Motor Corporation.
    • 9.4. Hyundai Motor Company
    • 9.5. Nissan Motor Co. Ltd.
    • 9.6. Honda Motor Co., Ltd.
    • 9.7. Shell International B.V.
    • 9.8. BYD Company Limited
    • 9.9. Daimler AG
    • 9.9. Mitsubishi Motors
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Fuel Type
FIG NO. 2. Market Attractiveness Analysis, By Vehicle Type
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Alternative Fuel Vehicle Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Fuel Type, 2020 & 2028 
FIG NO. 7. Global Alternative Fuel Vehicle Market for Gaseous Fuels, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Alternative Fuel Vehicle Market for Gaseous Fuels, By Country, 2020 & 2028
FIG NO. 9. Global Alternative Fuel Vehicle Market for Electric, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Alternative Fuel Vehicle Market for Electric, By Country, 2020 & 2028
FIG NO. 11. Global Alternative Fuel Vehicle Market for BioFuels, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Alternative Fuel Vehicle Market for BioFuels By Country, 2020 & 2028
FIG NO. 13. Global Alternative Fuel Vehicle Market for Liquid Nitrogen, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Alternative Fuel Vehicle Market for  Liquid Nitrogen By Country, 2020 & 2028
FIG NO. 15. Global Alternative Fuel Vehicle Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Alternative Fuel Vehicle Market for Others By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By Vehicle Type, 2020 & 2028 
FIG NO. 18. Global Alternative Fuel Vehicle Market for Two Wheelers, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Alternative Fuel Vehicle Market for Two Wheelers, By Country, 2020 & 2028
FIG NO. 20. Global Alternative Fuel Vehicle Market for Passenger Cars, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Alternative Fuel Vehicle Market for Passenger Cars, By Country, 2020 & 2028
FIG NO. 22. Global Alternative Fuel Vehicle Market for Commercial Vehicles, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Alternative Fuel Vehicle Market for Commercial Vehicles, By Country, 2020 & 2028
FIG NO. 24. Global Alternative Fuel Vehicle Market Revenue Share, By Region, 2020 & 2028
FIG NO. 25. North America Alternative Fuel Vehicle Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 26. Porter’s Five Forces Analysis for Global Alternative Fuel Vehicle Market
FIG NO. 27. PEST Analysis for Global Alternative Fuel Vehicle Market
FIG NO. 28. Pricing Analysis for Global Alternative Fuel Vehicle Market
FIG NO. 29. Value Chain Analysis for Global Alternative Fuel Vehicle Market
FIG NO. 30. Company Share Analysis, 2019
FIG NO. 31. Radar Determinant Chart, 2019
FIG NO. 32. Company Strategic Developments – Heat Map Analysis
FIG NO. 33. Archer Daniels Midland Company Business Segment Revenue Share, 2020 (%)
FIG NO. 34. Archer Daniels Midland Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 35. Market Channels
FIG NO. 36. Marketing Channel Development Trend
FIG NO. 37. Growth in World Gross Fuel Type, 2008-2018
FIG NO. 38. Research Methodology – Detailed View
FIG NO. 39. Research Methodology


Table Of Tables

List of Tables 

TABLE NO. 1. Global Alternative Fuel Vehicle Market: Snapshot
TABLE NO. 2. Quarterly Alternative Fuel Vehicle Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Alternative Fuel Vehicle Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Alternative Fuel Vehicle Market for Gaseous Fuels, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Alternative Fuel Vehicle Market for Electric, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Alternative Fuel Vehicle Market for BioFuels by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Alternative Fuel Vehicle Market for Liquid Nitrogen by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Alternative Fuel Vehicle Market for Others by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11: Global Alternative Fuel Vehicle Market for Two Wheelers, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Alternative Fuel Vehicle Market for Passenger Cars, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Alternative Fuel Vehicle Market for Commercial Vehicles, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Alternative Fuel Vehicle Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Alternative Fuel Vehicle Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Alternative Fuel Vehicle Market Revenue, By Fuel Type, 2016 – 2028 (USD Billon)
TABLE NO. 17. North America Alternative Fuel Vehicle Market Revenue, By Vehicle Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Alternative Fuel Vehicle Market Revenue, By Fuel Type, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S. Alternative Fuel Vehicle Market Revenue, By Vehicle Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada Alternative Fuel Vehicle Market Revenue, By Fuel Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada Alternative Fuel Vehicle Market Revenue, By Vehicle Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico Alternative Fuel Vehicle Market Revenue, By Fuel Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico Alternative Fuel Vehicle Market Revenue, By Vehicle Type, 2016 – 2028 (USD Billion)
TABLE NO. 24. Drivers for the Alternative Fuel Vehicle Market: Impact Analysis
TABLE NO. 25. Restraints for the Alternative Fuel Vehicle Market: Impact Analysis
TABLE NO. 26. Major Buyers of Alternative Fuel Vehicle
TABLE NO. 27. Distributors/Traders List of Alternative Fuel Vehicle
TABLE NO. 28. Global Alternative Fuel Vehicle Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 29: Global Alternative Fuel Vehicle Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

FrequentlyAsked Questions

Alternative Fuel Vehicle Market size worth at USD 366.38 Billion in 2023

Alternative Fuel Vehicle Market size worth at USD 366.38 Billion in 2023 and projected to USD 516.98 Billion by 2032, with a CAGR of around 3.9% between 2024-2032.

The growth of the alternative fuel vehicle industry is expected to be boosted in the coming years by an increase in demand for environmentally sustainable fuels, as well as stringent regulations regulating fuel emissions and air quality. The rapid decline of crude oil reserves and other fuels is expected to increase the product's use in the coming years.

Regionally, North America has been leading the worldwide alternative fuel vehicle market and is anticipated to continue on the dominant position in the years to come, states the alternative fuel vehicle market study. The countries such as the U.S. in North America are offering various incentives to the customers to boost the sale of alternative fuel. Thereby further supporting the growth of the alternative fuel vehicle market in the region.

Some of the major players of global Alternative Fuel Vehicle market includes Ford Motor Company, Jaguar Land Rover Limited, Toyota Motor Corporation, Hyundai Motor Company, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., Shell International B.V., BYD Company Limited, Daimler AG, Honda Motor Co., Ltd., Mitsubishi Motors, and others .

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Market InsightsOverview Growth Factors Report ScopeFuel Type Segment Analysis Preview Vehicle Type Segment Analysis Preview Key Players Competitive LandscapeBy Fuel TypeBy Vehicle TypeBy Region

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