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Last updated: 11 Sep, 2015  

CNG and LPG Vehicle Market Worth 3,576.3 Million USD by 2020

PR Newswire | 09 Sep, 2015
PUNE, India: The report "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" published by MarketsandMarkets, The global CNG and LPG Vehicle Market is projected to grow at a CAGR of 10.55% from 2015 to 2020 to reach USD 3,576.3 Million by 2020.

Browse 93 Tables and 87 Figures spread through 191 Pages and in-depth TOC on "CNG & LPG Vehicle Market"

Early buyers will receive 10% customization on this report.

The market report defines and segments the automotive CNG and LPG Vehicle Market, with an analysis and forecast of the global market size, by volume and value

Ask of Brief Illustration of this Report:

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. Asia-Pacific has less infrastructure support as compared to other regions; however, with countries such as India supporting infrastructural development in the future. This would fuel growth of the CNG and LPG Vehicle Market.

Europe: Stable market for CNG & LPG vehicles

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.

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.

The report covers the global automotive CNG and LPG Vehicles Market in terms of volume ('000 units) and value (USD Million) across the regions of Asia-Pacific, Europe, America, and the rest of the world (RoW). It explains the qualitative and quantitative aspects of the CNG and LPG market by passenger car, LCV and industrial trucks. The report briefly studies the market on the basis of region, fuel type, and vehicle type from 2015 to 2020.

It also provides an overview of technical factors and other important aspects of the automotive CNG and LPG Vehicles Market. It includes a value chain analysis, Porter's Five Forces analysis, a competitive landscape, and company profiles. In addition to this, 11 key players of the automotive CNG and LPG vehicles industry have been profiled.

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Automotive Catalytic Converter Market by Type (TWC, SCR, DOC, LNT and LNC), by Region (North America, Europe, Asia-Oceania, and RoW), by Material (Platinum, Palladium, Rhodium, & Others) - Global Forecast & Analysis to 2019

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Mr. Rohan
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