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World CNG and LPG Vehicle Market - Opportunities and Forecasts, 2017 - 2023

  • ID: 3773390
  • Report
  • Region: Global
  • Allied Analytics LLP
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The worldwide demand for CNG and LPG vehicles is skyrocketing owing to their economical nature and high efficiency as compared to traditional fuels, such as gasoline and diesel. Due to the availability of the dual fuel option, these vehicles present an attractive option vis-à-vis reduction in running costs and elimination of range-related concerns. The State and federal governments of the U.S.A are enacting laws and providing incentives to help build and sustain a market for natural gas fuel and vehicles.

The initial cost of purchasing a natural gas vehicle is more than that of a gasoline vehicle; however, this cost is expected to reduce in the forecast period due to the increasing number of natural gas vehicle manufacturers.

The key players in the market are Fiat S.P.A, Ford Motor Company, Volkswagen, General Motors, Honda Motor Co. Ltd., Hyundai Motor Group and Suzuki Motor Corporation. Volkswagen is strengthening its clean diesel engine campaign for TDI (Turbo Direct Injection) technology to gain traction in the European market. The global CNG and LPG vehicle market is segmented on the basis of vehicle type, fuel and geography. Based on vehicle type, the market is further segmented into passenger vehicle, light commercial vehicle and medium commercial vehicle. Based on fuel type, the market is segmented into CNG and LPG. Geographically, the market is segmented into Europe, North America, Asia Pacific and LAMEA.

KEY BENEFITS

The report provides an in-depth analysis of the global CNG and LPG vehicle market, including information about the current market situation, changing market dynamics, expected trends and market intelligence
The factors which drive and impede the growth of the global CNG and LPG vehicle market are comprehensively analyzed in this study.
Porter’s Five Force model and SWOT analysis of the industry illustrates the potency of buyers and sellers operating in the market
The report contains a comprehensive study of the key strategies adopted by companies to gain traction in the market
Micro level analysis is conducted based on vehicle type, fuel type and geographies

KEY MARKET SEGMENTS

MARKET BY VEHICLE TYPES

Passenger
Light Commercial
Medium Commercial

MARKET BY FUEL TYPE

CNG
LPG

MARKET BY GEOGRAPHY

North America
Europe
Asia pacific
LAMEA



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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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