Dublin, Dec. 2, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/plc879/automotive) has announced the addition of the "Automotive Natural Gas Vehicle Market Analysis for Commercial Vehicles by Fuel Type, by Vehicle Type & by Geography - Industry Trends & Forecast to 2019" report to their offering.
The OE CNG & LNG trucks and buses market size to reach 418,889 units by 2019
The global crude oil market is continuously witnessing a rise in cost and an irregular supply pattern due to the increasing unrest in the Middle East and Africa. The use of conventional fuels has increased the pollution levels in many countries with the air quality degrading to substantial levels in metropolitan cities. This has a substantial impact on human health leading to respiratory and skin diseases. To alleviate these effects, governments have encouraged the usage of cost-effective and environment-friendly mobility solutions.
Natural gas (CNG or LNG) has lower carbon content as compared to diesel or gasoline. Usage of these gases results in a cleaner burning of fuel where in the emissions produced are also low. Also, the price of natural gas is comparatively lower and stable than diesel. This has resulted in an increase in the adoption of natural gas trucks and buses as fleet operators can save on fuel as well as reduce their carbon footprint. The natural gas trucks and buses market has seen an increase in adoption by government fleets due to the environmental benefits. Another benefit is that the usage of natural gas helps the government to reduce the direct impact of the rising crude oil price. Countries such as the U.S. and Russia can achieve energy independence as large natural gas reserves enable to domestically produce the required fuel. However, fuelling infrastructure and range anxiety still remain a major cause of concern.
Asia-Oceania has the largest market share in the CNG trucks and buses market, whereas Americas is estimated to show the highest growth owing to increasing adoption by fleet operators in the U.S. China is projected to show an increase in CNG as well as LNG usage as a huge infrastructural growth is anticipated and natural gas will help the operators to optimize their operating costs. The major driver for this market is the lower fuel cost which reduces the overall cost of ownership of the vehicle. Various incentives by the government which are offered to promote the adoption of natural gas also act as drivers of this market.
The global CNG & LNG trucks and buses market is dominated by OEMs, such as Daimler AG (Germany), AB Volvo (Sweden), Shaanxi Automobile Group Company Limited (China), Beiqi Foton Motor Co. Ltd. (China), Dongfeng Motor Group Company Limited (China), and CNH Industrial NV (The Netherlands) and suppliers, such as Landi Renzo( Italy) and Westport( Canada).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Total Cost of Ownership Comparison of CNG and LNG Vehicles to Diesel Vehicles
8 CNG and LNG Vehicles Market, By Fuel Type
9 CNG & LNG Vehicles Market, By Vehicle Type
10 Refuelling Infrastructure
11 Competitive Landscape
12 Company Profiles
- AB Volvo
- Agility Fuel Systems
- Beiqi Foton Motor
- Clean Air Power
- Clean Energy Fuels
- CNH Industrial
- Dongfeng Motor Group
- Landi Renzo
- Westport Innovations
For more information visit http://www.researchandmarkets.com/research/plc879/automotive
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Source:Research and Markets