CNG & LPG Vehicle Market Worth $5,196.9 Million by 2019
DALLAS, August 6, 2014 /PRNewswire/ --
The report "CNG & LPG Vehicle Market by Vehicle Type (Passenger Cars & Light Commercial Vehicles), Fuel Type (CNG & LPG), and Geography(Asia-Pacific, Europe, Americas & ROW) - Industry Trends & Forecasts to 2019", defines and segments the CNG & LPG Vehicle Market with the analysis and forecasting of its global volume and value.
Browse 92 market data tables with 79 figures spread through 240 pages and in-depth TOC on "CNG & LPG Vehicle Market - Industry Trends & Forecasts to 2019".
Early buyers will receive 10% customization on this report.
Asia-Pacific: Potentially Growing Market for CNG and LPG Vehicles
Asia-Pacific includes developing countries, such as China and India as well developed countries, such as South Korea. Earlier, Pakistan was the leading consumer of CNG vehicles in this region, but it gave way to China to become the leader in 2012 as the local government put a ban on manufacturing and converting CNG vehicles. Japan, Thailand, and Hong Kong have their 90% taxis running on LPG, which are retro-fitted.
Europe: Established Market for LPG Vehicles
The European region experienced the economic downturn of 2009, which affected many industries. Currently, it is in a recovery phase and is anticipated that it will recover in a phased manner. The LPG vehicle market is projected to grow at a stable rate for the period under study. Europe is a major market for alternative energy vehicles and is home to a number of world-renowned automobile manufacturers, such as FIAT, Volkswagen, Peugeot, Citroen, and Renault. Poland and Turkey are the leading consumers of LPG vehicles in this region; whereas Italy is the biggest market for CNG vehicles.
Americas: Dominated by Retrofit CNG Vehicles
The Americas region comprises of the U.S. and Brazil, the latter being one of the emerging economies in this region. The industrial sector in these countries is booming, due to which the automotive industry is growing at a healthy rate. The promotion of flex fuels (E85, moisturized ethanol) by the Brazilian government has further propelled the demand for alternative energy vehicles. The U.S. has been very slow in adopting CNG vehicles and it can be exemplified by the fact that the Honda Civic CNG that was launched in 1998, still sells about 1,500 units a year. Argentina on the other hand, is a retrofit market .The top CNG and LPG manufacturers, such as Fiat (Italy), GM (U.S.), and Ford (U.S.) have a major presence in the Americas region.
The report covers the CNG & LPG Vehicles Market in terms of volume (thousand) and value ($million) across regions, such as Asia-Pacific, Europe, Americas, and the Rest of the World (ROW). The report briefly explains the CNG and LPG Vehicles Market on the basis of geography, vehicle type, and fuel type, from 2014 to 2019.
Inquiry before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=264307618
The report also shows an overview of the technical as well as other important aspects of the CNG and LPG Vehicles Market. It includes the analysis of the value chain, Porter's Five Forces model, competitive landscapes, and company profiles. In addition to this, seven key players in the market have also been profiled.
Browse related reports
Automotive Exhaust Systems Market by Geography (Asia-Pacific, North America, Europe & ROW), by Vehicle Type (Passenger Cars, LCVs, & HCVs), by Fuel Type (Gasoline & Diesel), by After-Treatment Device (DPF, DOC, SCR, TWC, & NOx Adsorber) - Trends & Forecasts to 2019
Low Emission Vehicle Market (2012 - 2017) - By Degree of Hybridization & Type of Traction Battery Used - Global Forecast, Trends & Analysis
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation