DUBLIN—Research and Markets has announced the addition of the "Global Automotive Natural Gas Vehicle Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
Government subsidies, changing environmental regulations, and demand for clean transport are the dynamics propelling automotive natural gas vehicles market for the forecasted period. According to US department of energy, natural gas vehicles are 15% more fuel efficient compared to gasoline driven vehicles. Compressed natural gas (CNG) is the foremost fuel type in demand for natural gas vehicles.
According to European Free Trade Association there are over 1,272,852 natural gas vehicles on road in Europe by the end of 2015. Automotive natural gas vehicles market is driven chiefly by medium duty trucks and buses. Increasing cost of retrofitting gasoline vehicles into natural gas and changing regulatory norms by the government are some of the challenges for automotive natural gas vehicle market growth.
North America is the dominant market for automotive natural gas vehicles market. Asia Pacific and Europe (Eastern Europe) is set to drive the market in the region. Countries like U.S, Russia, Bulgaria, Ukraine, Netherlands, Iran, China and India are the top markets for automotive natural gas vehicles market for the forecasted period.
Reducing environmental impact, fuel economy and energy security are the driving factors discussed in automotive natural gas vehicle market research report. Growing demand for clean transportation, varying regulatory compliance rules of different countries on vehicle modification, high initial set up cost, new infrastructure challenges are the challenges analysed and deliberated in the research report for the forecasted period 2016-2022.
Companies Mentioned:
- AB Volvo
- Beiqi Foton Motor Co Ltd.,
- Dongfeng Motor Group Company Limited
- Cnh Industrial Nv
- Daimler Ag
- Westport Innovations Inc.,
- Clean Energy Fuels Corp.,
- Ladni Renzo Spa
- Clean Air Power Ltd
- Agility Fuel Systems Inc
- General Motors Ltd
- Honda Motor Company
- Hyundai Motor Corporation
- Volkswagen Company
- Isuzu Motors Ltd
Key Topics Covered:
1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Global Automotive Natural Gas Vehicle Market By Region (Revenue Analysis) 2014-2022 ($ Million)
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/v3dcxb/global_automotive
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Related Topics: Electric and Hybrid Vehicles
