Alternative Fuel Vehicles (AFV) Market Size- By Fuel Type, By Vehicle Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Description

Alternative Fuel Vehicles (AFV) Market Introduction and Overview

According to SPER market research, 'Alternative Fuel Vehicles (AFV) Market Size- By Fuel Type, By Vehicle Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Alternative Fuel Vehicles (AFV) Market is predicted to reach 3931.1 billion by 2034 with a CAGR of 20.12%.

The rising cost of fossil fuels is one of the primary factors driving the expanding demand for alternative fuel cars. As dependency on imported fossil fuels increases, particularly in developing countries, there is a growing need for cars that run on alternative fuels. This shift is reflected in the growing number of cars powered by compressed natural gas (CNG), hydrogen, and electricity. One example of this tendency is the dramatic rise in crude oil prices from 2020 to 2021. Furthermore, the rapid growth of the electric car market is a major driver of the whole alternative fuel vehicle business.

One major obstacle to the growth of the electric car charging business is the low usage rate of commercial charging stations and the associated high charging fees. Even though DC fast-charging stations have the potential to generate significant returns on investment, low usage is an issue. Compared to ordinary gas stations, which have high usage rates (about 34%), commercial EV charging stations typically run at a much lower rate (5-10%).

Scope of the Report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Fuel Type, By Vehicle Type.

Regions covered

North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

Companies Covered BYD Company Ltd, Daimler AG, Ford Motor Company, Honda Motor Co., Ltd., JAGUAR LAND ROVER AUTOMOTIVE PLC, MITSUBISHI MOTORS CORPORATION, Nissan Motor Corporation, SHELL International B.V., Tesla, Toyota Motor Corporation, and others.

Alternative Fuel Vehicles (AFV) Market Segmentation:

By Fuel Type: Based on the Fuel Type, Global Alternative Fuel Vehicles (AFV) Market is segmented as; BEV, HEV, PHEV, FCV, CNG, Biofuels, Others.

By Vehicle Type: Based on the Vehicle Type, Global Alternative Fuel Vehicles (AFV) Market is segmented as; Passenger Cars, Commercial Vehicles.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

Product Code: AMIN2503

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Alternative Fuel Vehicles (AFV) Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Alternative Fuel Vehicles (AFV) Market

7. Global Alternative Fuel Vehicles (AFV) Market, By Fuel Type (USD Million) 2021-2034

7.1. BEV
7.2. HEV
7.3. PHEV
7.4. FCV
7.5. CNG
7.6. Biofuels
7.7. Others

8. Global Alternative Fuel Vehicles (AFV) Market, By Vehicle Type (USD Million) 2021-2034

8.1. Passenger Cars
8.2. Commercial Vehicles

9. Global Alternative Fuel Vehicles (AFV) Market (USD Million) 2021-2034

9.1. Global Alternative Fuel Vehicles (AFV) Market Size and Market Share

10. Global Alternative Fuel Vehicles (AFV) Market, By Region (USD Million) 2021-2034

10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America

11. Company Profile

11.1. BYD Company Ltd
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
11.2. Daimler AG
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
11.3. Ford Motor Company
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
11.4. Honda Motor Co., Ltd.
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
11.5. JAGUAR LAND ROVER AUTOMOTIVE PLC
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
11.6. MITSUBISHI MOTORS CORPORATION.
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
11.7. Nissan Motor Corporation
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
11.8. SHELL International B.V.
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
11.9. Tesla
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
11.10. Toyota Motor Corporation
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
11.11. Others