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Strategic Analysis of Compressed Natural Gas (CNG) Passenger Cars Market in Europe

  • September 2014
  • -
  • Frost & Sullivan
  • -
  • 92 pages

Summary

Table of Contents

Market Growth is Attributed to the High Sales of Private Vehicles

This study includes an overview of the total European CNG market till 2020. Individual sections on OEM profiles and country overviews have been provided, with a detailed analysis by scenario and vertical. A section on the CNG market for fleet operators and private customers offers an overall understanding of market dynamics and market shares. A broad overview of government incentive structures, by region, supplies a clear roadmap of Europe and the future of CNG as a fuel.

Executive Summary—Key Findings The EU will continue to invest in the development of CNG-fuelled vehicles to improve engine and vehicle design

The Euro 6 norms are the key driver for CNG sales:
1 In 2014, CNG will be increasingly used as a fuel in Europe, driven by the introduction of the Euro 6 norms. When compared to 2013, the market for natural gas vehicles (NGVs) is expected to witness increasing sales volumes, between % and %, of which the majority is expected to be CNG or bi-fuel CNG.
2 The VAN segment will account for most of the CNG sales in the EU: The European market favours the growth of CNG as a fuel, with several OEMs offering models ranging from B segment to VAN segment vehicles. The estimated market share of CNG in Europe will be between % and % (western and eastern Europe). The potential of the NGV market will be around units by 2020, and CNG and bi-fuel CNG will account for around 60%.
3 Potential CNG vehicle sales of more than 300,000 units is expected in Europe:
OEMs in Europe will continue to produce CNG vehicles, as unlike other global markets, European governments have invested in the deployment of infrastructure and incentive schemes. The market potential for OEMs will be between and vehicles by 2020, with an anticipated CAGR of % from 2013 to 2020.
4 Demand for CNG aftermarket is growing: Up-fitters in the European market hold a small share. Around % of all fleet-run vehicles will be fitted with aftermarket conversion kits. Similar to North America, the EU will witness joint ventures between up-fitters and OEMs for the installation and the sale of products.
5 The EU Government will aid CNG fleet operators:
The fleet market in Europe revolves around delivery vans, school buses, public transport and car rentals. Due to an organised refuelling infrastructure in many countries, the use of alternative fuels by fleets is promoted. Several State and Federal incentives are offered for the adoption of alternative fuels in fleets. Estimated at close to % of the market, it is expected to grow along with private vehicle sales.

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