Global Market of CNG & LPG Vehicle Market

1
Automotive Natural Gas Vehicle Market worth
418,889 Units by 2019
www.MarketsandMarkets.com
2
CNG LPG Vehicle Market by Vehicle Type
(Passenger Cars Light Commercial Vehicles),
Fuel Type (CNG LPG), and by Geography
(Asia-Pacific, Europe, Americas ROW) - Industry
Trends Forecasts to 2020 CNG and LPG vehicles
are an integral part of automobiles and play a
key role in fuel efficiency, safety, comfort, and
emission control. The growth of automotive CNG
and LPG can be attributed to increasing use of
alternative fuel in the automotive industry for
cost effectiveness, fuel efficiency, and emission
control. CNG and LPG vehicles market is estimated
to grow at a CAGR of 10.55 from 2015 to
2020. PDF Brochure _at_ https//www.marketsandmarket
s.com/pdfdownload.asp?id264307618

3
Asia-Oceania Potential growing market for CNG
and LNG commercial vehicles Asia-Oceania
includes developing countries, such as China and
India and well developed countries such as South
Korea. The large population, increase in
industrialization activities, and the recent
infrastructure development are the main factors
driving the demand for trucks and buses. A
significant portion of this demand is met by
commercial vehicles running on natural gas fuels.
4
Europe Market for retrofitted vehicles The
European market is dominated by retrofitted
vehicles due to the adoption of natural gas in
trucks and buses running in Russia and Ukraine.
These countries play a major role in the overall
natural gas vehicle parc in the European market
as well as in the global industry. The increasing
application of natural gas in trucks and buses is
the reason behind the new natural gas vehicle
model line-up by major OEMs operating in this
region. Factors such as government subsidies,
policies, fuel price, availability of resources,
and environmental benefits act as the drivers for
this growth. RequestSample_at_ https//www.marketsa
ndmarkets.com/requestsample.asp?id33853499
5
Americas Increasing fuelling infrastructure is
the main growth driver In Americas, Colombia and
U.S. are the main markets for CNG powered trucks
and buses which are growing along with the number
of refueling stations. Fleet owners and
governments are facing a challenge due to rising
oil prices and the adverse effects of emission
gases caused by diesel-powered trucks on the
environment. The stringent emission norms laid
down by regulatory bodies in developed countries
are one of the key reasons behind the growing
number of natural gas commercial vehicles. CNG is
widely adopted in Colombia and U.S. and it is
witnessing high growth due to cost and
environmental benefits. Also, with the growing
LNG fuelling infrastructure and network, LNG
operated commercial vehicles will have
significant share in the near future.
6
Browse gtgt 80 market data
tables 66 figures
149 pages and in-depth TOC on CNG
LPG Vehicle Market Industry Trends
Forecasts to 2020 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
7
Contact Mr. Shelly Singh MarketsandMarkets INC.
630 Dundee Road Suite 430 Northbrook, IL 60062
USA 1-888-600-6441 sales_at_marketsandmarkets.com