Global LPG & CNG Vehicle Market (Passenger Cars & Light Commercial Vehicles) 2014-2019 Forecasts in New Research Report Available With ReportsnReports.com
DALLAS, August 7, 2014 /PRNewswire/ --
The CNG and LPG vehicles market is analyzed in terms of volume (thousand units) and value ($million) by vehicle types, fuel types, and by region and respective major countries. CNG and LPG vehicles are amongst the most popular alternative energy fuelled vehicles with LPG being more popular and older than any alternative fuel. However, the trend is expected to change in the future and CNG is expected to be much more popular than LPG. As the governments mandate stricter emissions regulations in an effort to improve air quality, many transit agencies as well as personal users have turned to alternative fuels. In addition to the obvious environmental benefits, reduced operating costs, and government incentives have spurred the increased use of alternative fuels in the transit industry. Complete report titled "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" is available at http://www.reportsnreports.com/reports/293448-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.html .
CNG and LPG bi-fuel option is mostly used in passenger cars. Light Commercial Vehicle fleet owners have shown eagerness to adopt these vehicles around the world even after the higher upfront costs and loss of luggage space, as they operate within the city limits at a low speed. These light commercial vehicles are unable to run in the cities at optimum speed. Hence, the incomplete combustion by these bigger engine releases huge amounts of carbon-monoxide into the air, apart from other harmful emissions. Another important factor fueling their growth is their high mileage which plays a pivotal role in recovering their higher initial cost in comparatively less time.
Convincing governments to offer a generous incentive scheme to ease competitive pressure on alternate fuels, irrespective of the technology (Electric/Hybrid/Hydrogen), will be imperative for the market advancement of CNG and LPG vehicles in medium to long term. Companies profiled in this CNG and LPG vehicle market research report include Fiat S.P.A., Ford Motor Company, Volkswagen, General Motors, Honda Motor Co., Ltd., Hyundai Motor Group and Suzuki Motor Corporation. Aftermarket players discussed in this business intelligence study cover Landi Renzo, Impco, Venchurs, Westport and Tomasetto Achille. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=293448 .
Asia-Pacific is the potentially fast growing market for LPG and CNG vehicles. Specifically countries such as China and India as well developed countries, such as South Korea being the major target. 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.
The Americas region comprising of the U.S. and Brazil are dominated by retrofit CNG vehicles. Brazil is one of the emerging economies in this region. The promotion of flex fuels (E85, moisturized ethanol) by the Brazilian government has 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.
Another report titled "Automotive Steering Systems Market by Vehicle Type (Passenger Car, LCV, & HCV), System Type (Manual, HPS, EHPS & EPS), Safety Features (With ABS/ESP & Without ABS/ESP), & Geography - Industry Trends & Forecast to 2018" is a July 2014 publication spread across 230 pages. The report features profiles of the top players in the automotive steering market covering their market presence; financial health; product offerings in the segment and further insights into their strategies and recent market developments associated with individual players. Companies like China Automotive Systems Inc., Hyundai Mobis Co., Ltd., Jtekt Corporation, Mando Corp., Mitsubishi Electric Corporation, Nexteer Automotive Group Ltd., NSK Ltd., Thyssenkrupp AG, TRW Automotive Holdings Corp. and ZF Friedrichshafen AG are profiled in this research available at http://www.reportsnreports.com/reports/292970-automotive-steering-systems-market-by-vehicle-type-passenger-car-lcv-hcv-system-type-manual-hps-ehps-eps-safety-features-with-abs-esp-without-abs-esp-geography-industry-trends-forecast-to-2018.html .
The report on the commercial telematics market analyses the overall market by types of solution providers, by types of solutions, and professional services. Among all the regions, the security of fleet and passenger cars is the main application of telematics. Traditionally, there has been significant demand for Stolen Vehicle Tracking (SVT) within the certain market segments of U.K. and Italy. In the emerging markets such as China and Russia, the telematics market is increasing at a higher rate due to the rise in theft rates and concern among the drivers about this. These high theft rates in Brazil have led the government to introduce a mandate for SVT to be fitted as a standard in all new vehicles, in order to combat this growing problem. Companies like General Motors, Masternaut, Mix Telematics, Omnitracs, Orbcomm, Telogis, Tomtom, Trimble, Verizon and Volvo have been profiled in the research available at http://www.reportsnreports.com/reports/281190-commercial-telematics-market-oem-aftermarket-solutions-fleet-management-navigation-location-based-infotainment-v2v-v2i-insurance-telehealth-alarm-monitoring-professional-services-global-market-forecasts-analysis-2014-2019-.html .
Explore more reports on the automotive market at http://www.reportsnreports.com/market-research/automotive/ .
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