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CNG & LPG Vehicle Market report categorizes the global market by Fuel Type (CNG & LPG), Vehicle Type (Passenger Cars & Light Commercial Vehicles), and by Geography.
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CNG & LPG Vehicle Market - Industry Trends & Forecasts to 2020 www.MarketsandMarkets.com
CNG & LPG Vehicle Market by Vehicle Type (Passenger Cars & Light Commercial Vehicles), Fuel Type (CNG & LPG), and by Geography (Asia-Pacific, Europe, Americas & ROW) - Industry Trends & Forecasts to 2020 The global automotive CNG and LPG vehicle market size, by value, is projected to grow at a CAGR of 10.55% and market size by value of industrial truck is growing at a CAGR of 2.47% during the forecast period. PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=264307618
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
Europe: Stable market for CNG & LPGvehicles Europe is a matured market for the automotive industry. The European automotive industry registered a negative CAGR, following the Euro Crisis of 2008. However, the industry began to recover at a rapid rate after 2013. 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. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=264307618
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.
Browse >> 93marketdata tables 88figures 191 pagesand 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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