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CNG & LPG Vehicle Market by Vehicle Type, Fuel Type, and by Geography - Industry Trends & Forecasts to 2020

CNG & LPG Vehicle Market: Forecasts until 2020

  • September 2015
  • 191 pages
  • ID: 3275035
In this report:
The market for LPG vehicles in South Korea is expected to grow at a CAGR of ##.##% to reach ##.## thousand units by 2020, followed by India growing at a CAGR of ##.##% during the forecast period.
The passenger car segment is expected to reach ##.## thousand units by 2020, growing at a CAGR of ##.##% from 2015 to 2020 followed by LCVs, which is growing at a CAGR of ##.##% during the forecast period.

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The automotive CNG and LPG market has witnessed considerable increase in emerging countries including China, India (IN), and Germany (DE), and the U.S.A following upcoming emission norms and rise in supporting infrastructure.

This industry report classifies and defines the overall CNG and LPG vehicle market size, in terms of capacity and value. Market value, in terms of quantity, is provided in thousand units from 2013 to 2020, while the market value, by value, is provided in terms of USD million. The report also segments the automotive CNG and LPG vehicle market into main regions (Asia-Pac, Europe (EU), Americas, and RoW). On top of, top players in the CNG and LPG Passenger car, LCV, and Industrial trucks vehicle market have been identified and profiled.

Asia Pacific (APAC) is intended to grow at the more important Compound annual growth rate of ~15.1 percent during the forecast period. In 2015, China (CN) is the projected to account for the biggest market for CNG vehicles in the Asia Pacific (APAC) area, which is 59.0 percent of the total market share by value. This can be connected to increasing sales of CNG vehicles, supported by the growth in disposable income. Furthermore, pollution levels in the area have reached an all-time high, which has led to the introduction of stringent emission norms in the area. The Chinese market is forecasted to grow at a compound annual growth rate (CAGR) of ~21.8 percent to be at $241.10M in 2015. It is projected to extend $645.80M by 2020. The CNG and LPG industrial truck market is increasing at a compound annual growth rate (CAGR) of 2.47% during the forecast horizon. Asia-Pacific accounts for the biggest estimated market share in the CNG and LPG Industrial truck market in 2015.

The analysis also offers a comprehensive review of market drivers, market restraints, alternatives, opportunities, and main issues in the overall automotive CNG and LPG vehicle market. Apart from analyzing the quantitative aspects of these sectors, the market research also includes qualitative aspects, including a value chain review, who supplies whom, product life cycle for each vehicle type, and Porter's Five Force analysis.

The automotive CNG and LPG vehicle market is leaded by, is monopolized by a few main players including Fiat Chrysler Automobiles NV, Ford Motors, Suzuki Motor Corporation, Volkswagen, General Motors Company, and Honda Motor Company. Top strategies approved by these market actors contain regional expansion and new product improvement.

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