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Alternatively Powered Commercial Vehicles: Global Markets

  • March 2016
  • 378 pages
  • BCC Research
Report ID: 3735672

Summary

Table of Contents

This BCC Research report provides an understanding of the numerous alternative fuels for commercial vehicles and the global market for the commercial vehicles that will utilize them. It compares 10 alternative fuels and provides the cost benefit of each one in each of the four main global regions across the full range of oil and diesel prices from 2015 to 2020.

Use this report to:

Gain insight into numerous alternative fuels for commercial vehicles and the global market for the commercial vehicles that will utilize them.
Assess the breakeven oil price points for each fuel for each region at which they produce a favorable payback for commercial vehicles.
Estimate current and future commercial vehicle demand for each alternative fuel, each category of commercial vehicle and each global region from 2014 to 2020.
Identify the key stakeholders in the market, including on-board alternative fuel components and system suppliers, engine original equipment manufacturers (OEMs), commercial vehicle OEMs, stationary alternative fuel support equipment suppliers, and oil and gas services companies.

Highlights

The global market for alternative powered commercial vehicles totaled $8.1 billion in 2014 and $5.7 billion in 2015. The market should total $13.2 billion by 2020, in the base case of $80-per-barrel oil, demonstrating a compound annual growth rate (CAGR) of 18.4% from 2015 to 2020.
The global market for medium- and heavy-duty alternatively fueled commercial vehicles totaled $5.3 billion in 2014. The market should total $12.4 billion by 2020 at a CAGR of 18.3% from 2015 to 2020, in the base case of $80-per-barrel oil.
Global incremental up-fit revenue for light-duty vehicles of alternatively fueled commercial vehicles totaled $374.0 million in 2014, and should total $891.0 million by 2020 at a CAGR of 19.0% from 2015 to 2020, considering the base case of $80-per-barrel oil.

STUDY GOALS AND OBJECTIVES

The goal of this report is to provide an understanding of the numerous alternative fuels for commercial vehicles and the global market for the commercial vehicles that will utilize them, including:

Identifying and describing the alternative fuels for commercial vehicles and their variants.
Estimating the breakeven oil price points for each fuel for each region at which they produce a favorable payback for commercial vehicles.
Estimating current and future commercial vehicle demand for each alternative fuel, each category of commercial vehicle and each global region from 2014 through 2020.
Identifying the key stakeholders in the market, including on-board alternative fuel components and system suppliers, engine original equipment manufacturers (OEMs), commercial vehicle OEMs, stationary alternative fuel support equipment suppliers, methanol producers, biofuel producers, public natural gas utility companies, storage
and transportation companies, refining and marketing companies, exploration and production companies, integrated oil and gas companies, and oil and gas services companies.

REASONS FOR DOING THE STUDY

Fuel costs comprise one of the highest marginal costs for commercial vehicle fleets. In this competitive world, there is a constant need to understand the comparative business case cost advantages of the numerous potential alternative fuels in relation to the cost of operating with the traditional diesel fuel. Most syndicated market research reports focus on providing forecasts for vehicle sales or a single alternative fuel based on recent and current comparative fuel pricing. Fuels, however, are commodities that vary widely in price over even a two- to three-year period. Thus, any forecasts of vehicle units and revenues in such syndicated research reports become obsolete as soon as the prices of oil, diesel and the subject alternative single fuel move meaningfully from the prices that were originally forecast.

This report takes a different approach that remains equally valid regardless of where the price of oil, and thus diesel, may go in the future. It provides the full breadth of information that commercial fleets and every stakeholder in the supply chain to them needs to make informed decisions concerning which fuels to pursue. It compares 10 alternative fuels and provides the cost benefit of each one in each of the four main global regions across the full range of oil and diesel prices. Armed with information contained in this report, readers can formulate their own alternative fuel strategies regardless of what the price of oil, and thus the price of diesel fuel, may be in the future.





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