Market Research

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

Best Price Guarantee Length Publisher Published Date SKU
from $4,520 268 Pages SPER Market Research Pvt. Ltd. January, 2025 SPER19599309
Best Price Guarantee
Price from $4,520
Length 268 Pages
Publisher SPER Market Research Pvt. Ltd.
Published Date January, 2025
SKU SPER19599309

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.

Restraints: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 coveredBy 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.


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
12. Conclusion
13. List of Abbreviations
14. Reference Links

$4,520
$7,450

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings