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.
Get Free Sample Report Of CNG and LPG Vehicle Market :http://www.marketresearchstore.com/report/world-cng-and-lpg-vehicle-market-opportunities-68603#RequestSample
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.
Have Any Query? Ask Our Expert @http://www.marketresearchstore.com/report/world-cng-and-lpg-vehicle-market-opportunities-68603#InquiryForBuying
KEY MARKET SEGMENTS
MARKET BY VEHICLE TYPES
MARKET BY FUEL TYPE
MARKET BY GEOGRAPHY
About Market Research Store
Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.
3422 SW 15 Street, Suit #8138,
Deerfield Beach, Florida 33442,
GMT Tel: +49-322 210 92714
USA/Canada Toll Free No. 1-855-465-4651