CNG Vehicles Industry in Europe 2014-20181. CNG Vehicles Market in Europe 2014-2018
Published: October 2014
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2. CNG Vehicles Market in Europe 2014-2018
The number of bi-fuel vehicles that can run on CNG and gasoline has increased in recent
times. There is an increase in the number of bi-fuel vehicles because these vehicles
provide the advantage of an adequate fuel reserve between stopovers at stations, and
rids the consumer of complete dependence on natural gas.
According to the report, one of the major drivers of the market is the economic
advantages related to the use of CNG vehicles over gasoline/diesel-fueled vehicles.
CNG is a natural gas used in automobiles as an alternative to gasoline and diesel. Natural
gas is a mixture of hydrocarbons that is found deep within the earth, and primarily
consists of methane. In a CNG vehicle, natural gas is compressed and put into the vehicle
through a gas dispenser. This gas then runs through high-pressure cylinders and enters
the engine of the vehicle, which helps the vehicle start functioning. Although CNG is not
the most pollution-free form of energy, vehicles that run on CNG produce relatively less
harmful gases compared to vehicles that run on gasoline or diesel.
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3. CNG Vehicles Market in Europe 2014-2018
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Analysts forecast the CNG Vehicles market in Europe to grow at a CAGR of 5.51 percent
over the period 2013-2018.
Covered in this Report
In terms of vehicle type, the CNG Vehicles market in Europe can be segmented into four:
Light-duty (LD) Vehicles, Trucks, Buses, and Others (Three Wheelers, Forklifts, Tractors,
and Locomotives).
CNG Vehicles Market in Europe 2014-2018, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers Europe; it also
covers the landscape of the CNG Vehicles market in Europe and its growth prospects in
the coming years. The report also includes a discussion of the key vendors operating in
this market.
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4. CNG Vehicles Market in Europe 2014-2018
Key Regions
Europe
Analyst recognizes the following companies as the key players in the Compressed Natural Gas
(CNG) Vehicles Market in Europe: Daimler AG, Fiat SpA, General Motors Co., Peugeot Citroën
SA and Volkswagen AG.
Other Prominent Vendors in the market are: Adam Opel, Industrial Vehicle, MAN Truck & Bus,
Saab Automobile, SEAT, and Volvo.
Market Driver
Economic Advantages
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Market Challenge
High Cost of CNG Vehicles
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5. CNG Vehicles Market in Europe 2014-2018
Market Trend
Increased Number of Bi-fuel Vehicles
Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Explore Report on Automotive Market.
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