Automotive Natural Gas Vehicle Market Examined & Forecast by M&M in New Research Report Available at MarketPublishers.com28 Nov 2014 • by Natalie Aster
LONDON – Strict emissions regulations established by governments led to the massive transition of logistic and transit agencies to alternative fuels. Moreover, environmental benefits, availability of resources and lower operational costs have propelled the use of alternative fuels as well.
The value of the automotive natural gas vehicle sector is forecast to achieve 418,889 units in 2019. LNG and CNG are among the most popular alternative fuels utilised in vehicles. There is a growing LNG adoption in heavy duty trucks and buses, due to the higher energy density necessary for long distance transportation. The growth of LNG fueled vehicles market is also driven by its high mileage, which helps to recover the high initial price. In the meantime, poor infrastructure is the key factor constraining the market development.
The rising demand for buses and trucks has been registered in the APAC region, because of the high population, infrastructure development and industrialization. Most of the demand is met by vehicles running on LNG fuel. Meanwhile, Ukraine and Russia play important roles in the natural gas fueled vehicle segment in Europe, given the increasing use of LNG fuel in buses and trucks in the countries. Columbia, Americas and the US lead market for CNG operated trucks and buses, which are also on an upward trend now.
New in-demand market research 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” drawn up by MarketsandMarkets (M&M) offers a detailed insight into the world market for automotive natural gas vehicle.
The cutting-edge report uncovers unique data on the automotive natural gas vehicle market performance by key geographical regions. It segments the market by fuel and vehicle type, describes key market dynamics, including restraints, opportunities and drivers. Besides, the report presents thorough technological analysis, highlights key natural gas characteristics and examines its supply and storage. It delves into the competitive environment and discusses new products, as well as the latest agreements, projects and acquisitions. Market outlook through 2019 can also be found in 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: November, 2014
Price: US$ 4,650.00
More new market research studies by the publisher can be found at MarketsandMarkets page.