Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Markets for Automotive/Consumer Vehicle Fuel Efficiency, 2024: Focus on Internal Combustion Engine Advances - ResearchAndMarkets.com

November 12, 2019

DUBLIN--(BUSINESS WIRE)--Nov 12, 2019--

The “Global Markets for Automotive/Consumer Vehicle Fuel Efficiency: Internal Combustion Engine Advances” report has been added to ResearchAndMarkets.com’s offering.

This study reviews key consumer vehicle ICE fuel efficiency technology categories, along with relevant market and production information, technological descriptions and issues, and key applications and market factors in major worldwide markets.

Fuel efficiency is playing an increasingly important role in global market development for consumer vehicles. Unlike the fuel efficiency strategies of the last major wave of fuel efficiency upgrades - in the early 1980s - today’s fuel efficiency technologies must fulfill multiple roles. While governments globally have mapped out increasingly stringent fuel efficiency requirements for vehicles sold in their countries, consumers are increasingly interested in larger vehicles.

This trend places vehicle OEMs in the difficult position of maintaining or even increasing vehicle size while also improving fuel efficiency. Furthermore, consumers in the Americas, and to an increasing extent, global consumers, are also captivated by vehicle acceleration, and tend to invest their money in vehicles that are able to accelerate quickly and that have moderate- to high-horsepower engines. Accelerating vehicles of increasing size while saving on fuel is a challenge indeed, on which global OEMs have to date been impressively nimble at achieving.

Beyond simple transition to BEVs, energy efficiency upgrades for internal combustion engines promise to help keep the technology relevant over a longer period, while improving environmental profiles and reducing consumer expenditures on fuel. While BEVs are showing rapid percentagewise gains in market share, there is still significant infrastructure globally that must be updated before even low to moderate levels of BEV penetration can be reached. As a result, and also due to lower cost (at least at present), for the near to mid-term, we anticipate continued market dominance by ICEs.

Furthermore, although there is some uncertainty in the U.S. regarding the future of fuel efficiency standards, all other major economies globally have marked out and committed to continued and often rapid increases in vehicle fuel efficiency that OEMs must adhere to over the coming years and decades. Fuel efficiency technologies and their continued deployment will be central and critical to these efforts.

Specific fuel efficiency technologies considered in the full report, with market breakdowns by region and select countries for each, include turbomachinery, cylinder deactivation, variable valve timing and lift, direct fuel injection, reduced displacement engines, homogeneous charge combustion ignition (HCCI), many-geared transmissions, dual clutch transmissions, continuously variable transmissions and hybrid systems.

From an application (i.e., vehicle class) perspective, there are several ongoing market shifts in demand for consumer vehicles that are relevant to global fuel efficiency markets. First, compact and smaller cars, which comprise the largest market segment on a global basis, are in decline. These vehicles are more fuel-efficient due to their lighter build and typically smaller engines.

Fuel efficiency technologies are deployed more moderately in these vehicles (mostly due to tight cost margins and innately higher fuel efficiency due to smaller/lighter build), and the underlying consumer market for small cars is expected to decline. Increasing deployment of fuel efficiency technologies will partially mask this decline. In contrast, SUVs are where the lion’s share of growth is happening. SUVs are larger and more expensive than many cars. They also afford OEMs higher profit margins.

Additionally, although SUVs are larger and heavier than many other vehicle classes, they must also meet increasingly stringent fuel economy standards. These drivers combine with increasing consumer demand for SUVs to support strong and strongly increasing markets for fuel efficiency technologies in this vehicle class. Look for continued development in the category over the forecast period considered in this study.

The full report also provides additional trends for compact and smaller cars, mid-size cars, full-size cars, compact and midsize SUVs, full-size SUVs, minivans and MPVs, pickup trucks, and vans and other vehicle categories.

Report Includes:

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

Chapter 4 Global Market Summary

Chapter 5 Market Breakdown by Technology

Chapter 6 Market Breakdown by Application

Chapter 7 Industry Trends and Market Opportunities

Chapter 8 Patent Review/New Developments

Chapter 9 Company Profiles

Chapter 10 Patent Summary

For more information about this report visit https://www.researchandmarkets.com/r/9w0vx

View source version on businesswire.com:https://www.businesswire.com/news/home/20191112005591/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager


For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900



SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/12/2019 07:22 AM/DISC: 11/12/2019 07:22 AM