According to a recent report published by Allied Market Research, titled, “Flex Fuel Engine Market by Fuel Type, Vehicle Type, and Blend Type: Global Opportunity Analysis and Industry Forecast, 2020–2030,” The global flex fuel engine market was valued at $63.21 billion in 2020, and is projected to reach $105.11 billion by 2030, registering a CAGR of 5.6%.

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The rest of the world dominates the market in terms of revenue, followed by North America, Europe, and Asia-Pacific. Owing to several initiatives implemented by the Brazilian government to promote the use of flex-fuel vehicles, Brazil led the global flex-fuel engine market share in 2020 and its market share is predicted to increase at a substantial rate during the forecast period.

Flex-fuel engines are utilized to lower vehicle emissions, while reducing dependence on foreign oils. Flex-fuel engines come in a variety of shapes and sizes, as well as for a variety of blended fuel applications. Flex-fuel engines can run on a mix of gasoline and other fuels. The growth in commercial vehicle fleet, expansion in transportation infrastructure, tightened government regulations, and rise in global automobile production have all contributed to a significant increase in flex-fuel engine production in recent years.

Based on changing customer preferences, the leading automobile manufacturers are focused on flex-fuel engine development, which improves the outlook of the global flex-fuel engine market. Automotive manufacturers have designed flex-fuel engines to detect ethanol mixes in fuel and modify combustion accordingly. Furthermore, the surge in global awareness of the need to reduce pollution drives demand for flex-fuel engines.

Key Findings Of The Study

• By fuel type, the gasoline segment is expected to register significant growth during the forecast period.
• On the basis of vehicle type, the passenger vehicles segment is projected to lead the global market in terms of market share by the end of the forecast period.
• Based on blend type, the above E85 segment is expected to register significant CAGR during the forecast period.
• The rest of the world dominated the market in 2020, and is projected to lead the market growth and maintain its dominance in the global market.