Automotive Natural Gas Vehicle Market Worth 418,889 Units by 2019
DALLAS, November 18, 2014 /PRNewswire/ --
The report "Automotive Natural Gas Vehicle Market Analysis for Commercial Vehicles by Fuel Type (CNG & LNG), by Vehicle Type (Medium Duty & Heavy Duty) & by Geography [Asia-Oceania, Europe, Americas, ROW (Rest of the World)] - Industry Trends & Forecast to 2019", published by MarketsandMarkets, defines and segments the CNG and LNG Commercial Vehicle Market with an analysis and forecasting of its global volume.
Browse 80 market data tables with 65 figures spread through 149 pages and in-depth TOC on "Automotive Natural Gas Vehicle Market - Industry Trends & Forecast to 2019".
http://www.marketsandmarkets.com/Market-Reports/natural-gas-vehicles-market-33853499.html
Early buyers will receive 10% customization on this report.
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.
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.
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.
Inquiry before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=33853499
The report covers the CNG and LNG Commercial Vehicles Market in terms of volume across regions, such as Asia-Oceania, Europe, Americas, and the Rest of the World (ROW). The report briefly explains the natural gas commercial vehicles market on the basis of geography, vehicle type, and fuel type, from 2014 to 2019.
The report also provides an overview of the technical as well as other important aspects of the natural gas commercial vehicle market. It includes the analysis of cost of ownership of CNG & LNG commercial vehicle and diesel commercial vehicle, competitive landscapes, and company profiles.
Browse related reports
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
http://www.marketsandmarkets.com/Market-Reports/cng-lpg-vehicle-market-264307618.html
Low Emission Vehicle Market (2012 - 2017) - By Degree of Hybridization & Type of Traction Battery Used - Global Forecast, Trends & Analysis
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
SOURCE MarketsandMarkets
Share this article