CNG and LPG Vehicle Market worth 3,576.3 Million USD by 2020

CNG & LPG Vehicle Market - 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. PDF

Asia-Pacific: Fastest-growing market, by value, for CNG and LPG vehicles The Asia-Pacific region comprises countries such as China, India, Thailand, and South Korea. Recent infrastructure developments and industrialization activities in these countries have opened up new avenues, opportunities, and markets for OEMs. The demand for passenger cars is growing in these regions, triggered by an increase in per capita income and demand for luxury. The infrastructural developments and industrial investments have also propelled the growth of personal vehicles and consequently, CNG and LPG vehicles in the region. Asia-Pacific has less infrastructure support as compared to other regions; however, with countries such as India supporting infrastructural development in the future. This would fuel growth of the CNG and LPG vehicle market.

Europe: Stable market for CNG & LPG vehicles Europe is a matured market for the automotive industry. The European automotive industry registered a negative CAGR, following the Euro Crisis of However, the industry began to recover at a rapid rate after Prompted by high running cost of diesel vehicles, customers are switching over to natural gas vehicle. These concerns have compelled automobile manufacturers to develop technologically advanced automotive CNG and LPG vehicles.

America: One of the key markets for CNG & LPG vehicles The American region comprises the U.S., Brazil, of which the U.S. is a technologically advanced and matured automotive market. However, a number of OEMs are setting up manufacturing facilities in Brazil, following economical labor and low production costs. This has increased vehicle production volume of the country, thereby increasing the demand for CNG and LPG vehicles. The report covers the global automotive CNG and LPG vehicles market in terms of volume (‘000 units) and value (USD Million) across the regions of Asia-Pacific, Europe, America, and the rest of the world (RoW). It explains the qualitative and quantitative aspects of the CNG and LPG market by passenger car, LCV and industrial trucks. The report briefly studies the market on the basis of region, fuel type, and vehicle type from 2015 to 2020.

Browse >> 93 market data tables 88 figures 191 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 : US$8150 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.

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