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CNG and LPG Vehicle Market Size, Share & Industry Analysis 2018-2023

10-11-2018 09:57 AM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

CNG and LPG Vehicle Market  Size, Share & Industry Analysis 2018-2023

CNG and LPG Vehicle Market Size, Share & Industry Analysis 2018-2023

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.

Download PDF Sample Copy of Report: https://www.alliedmarketresearch.com/request-toc-and-sample/539

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.

Access Full Report Summary: https://www.alliedmarketresearch.com/cng-lpg-vehicle-market

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

Request Customization Report: https://www.alliedmarketresearch.com/request-for-customization/539

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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