According to the research report titled ‘Global Flex Fuel Engine Market Size study, by Fuel (Gasoline and Diesel), by Vehicle (Passenger Vehicles and Commercial Vehicles), by Blend (E10 to E25, E25 to E85, Above E85, Others) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global flex fuel engine market was worth USD 63.21 million in 2020 and will account for USD 92.6 billion by 2027, expanding at 5.6% CAGR during the study duration.
 

Focus towards complying with environmental as well as vehicle emission regulations along with growing demand for sustainable automotive solutions are the major factors driving the growth of global flex fuel engine market.
 

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For instance, France has issued tough vehicle laws including tax rises for high polluting vehicles, with owners required to pay additional USD 14,000 on cars that surpass 184g/km CO2 emission limits.
 

Flex fuel engine is basically designed to operate on more than one fuel mixture including gasoline and ethanol. Such engines can be integrated in both passenger as well as commercial vehicles. Apart from this, limited availability of fossil-fuel resources are fueling global flex fuel engine market size.
 

High concerns regarding engine damage could, however, act as restraining factor to the overall market growth.
 

By fuel, global flex fuel market is divided into diesel and gasoline. Moving on to vehicle type, the market is split into commercial vehicles and passengers vehicles. As per blend, the industry is segmented into Above E85, E25 to E85, E10 to E25 and others.
 

From the regional point of view, Europe is likely to account for a prominent market share by the end of the forecast period, primarily due to rising environmental concerns and growing demand for sustainable products.
 

Asia-Pacific flex fuel engine industry, on the other hand, is also deemed to witness stellar growth throughout the study period, owing to strict emission regulations and rising cognizance regarding sustainable development.
 

The prominent companies operating in global flex fuel engine market are Volkswagen AG, Toyota Motor Corporation, Nissan Motor Co. Ltd., Mitsubishi Motors Corporation, Honda Motor Co. Ltd., General Motors Co., Ford Motor Company, Fiat Chrysler Automobiles, Cummins Inc., and AB Volvo among others.