DUBLIN, Oct. 21, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global CNG Vehicles Market 2014-2018" report to their offering.
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CNG is a low-carbon fuel for automotive, and CNG-fuelled automotive can be used as alternative fuel vehicles. Natural gas is an organic compound found deep within the earth, and it mainly consists of methane. In a CNG vehicle, natural gas is compressed and put into the vehicle through a gas dispenser.
The CNG then runs through high-pressure cylinders and enters the engine compartment of the vehicle, which helps the vehicle start functioning. Although CNG is not the most pollution-free form of energy, vehicles that run on it produce relatively less harmful gases compared to vehicles that run on gasoline or diesel. CO2 and non-methane hydrocarbon emissions of CNG vehicles are lower than those of conventional fuel vehicles by 25 percent and 50 percent, respectively.
The analysts forecast the Global CNG Vehicles market to grow at a CAGR of 7.71 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global CNG Vehicles market for the period 2014-2018. The report includes the entire range of CNG vehicles available in the market.
The report, the Global CNG Vehicles Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, Latin America, MEA, and North America; it also covers the Global CNG Vehicles market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
One key trend in the market is the increased demand for bi-fuel vehicles that can run on CNG and gasoline. In recent years, users of vehicles that run on gasoline have started converting them into CNG vehicles. Such conversions are done by installing CNG components. These components act as the primary fuel source in these vehicles, and gasoline acts as the backup fuel.
According to the report, one of the main drivers of this market is the increasing demand for vehicles, which directly influences the demand for NGVs, thereby positively influencing the demand for CNG vehicles.
Further, the report states that one of the main challenges in this market is the lack of proper infrastructure, which is affecting the sales of CNG vehicles. The shortage of CNG fueling stations is a serious concern in the Global CNG Vehicles market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Product
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challengess
14. Impact of Drivers and Challenges
15. Market Trendss
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
Companies Mentioned:
- Fiat
- Ford
- General Motors
- Honda
- Hyundai
- Suzuki
- Toyota
- Volkswagen
- Chrysler
- Daimler
- Mercedes-Benz
- Nissan
- Renault
- Volvo Group
For more information visit http://www.researchandmarkets.com/research/5v2vbd/global_cng
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
