CNG & LPG Vehicle Market Insights and Major Trends Encouraging Growth Until The End Of 2023

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CNG and LPG Vehicle Market worth 3,576.3 Million
USD by 2020
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CNG LPG Vehicle Market - Industry Trends
Forecasts to 2020 CNG and LPG vehicles are an
integral part of automobiles and play a key role
in fuel efficiency, safety, comfort, and emission
control. The growth of automotive CNG and LPG can
be attributed to increasing use of alternative
fuel in the automotive industry for cost
effectiveness, fuel efficiency, and emission
control. PDF Brochure_at_ https//www.marketsandmark
ets.com/pdfdownload.asp?id264307618

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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.
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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. RequestSample_at_
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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.
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Browse gtgt 93 market data
tables 88 figures
191 pages and in-depth TOC on CNG
LPG Vehicle Market - Industry Trends
Forecasts to 2020 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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