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CNG and LPG Vehicle Market by Vehicle Type (Passenger Cars & Light Commercial Vehicles), Fuel Type (CNG & LPG), and Geography (Asia-Pacific, Europe, Americas & ROW) - Industry Trends & Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: August 2014
Report Code: AT 2596

 

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The market for CNG and LPG vehicle is gaining traction in many countries due to the combined effects of low-cost CNG and LPG and sustained higher prices for gasoline and diesel. The dual fuel options available in these vehicles make them an attractive option in terms of reduction in running costs and removing range anxiety. The low cost of conversion and prospect of significant emission reduction will increase the penetration of alternate fuels, worldwide.

However, the key to sustained growth in the alternate fuel vehicle market will be legislation and the development of refueling infrastructure. Compressed Natural Gas (CNG) vehicles are anticipated to lead by a massive margin in comparison to LPG vehicles in the next five years. Promoted as a medium to save costs and reduce emissions, the market for these vehicles is still very niche and it will require a significant effort from consumers, OEMs, and governments to make it generic.

The report segments the market based on vehicle types (Passenger, Light commercial & Medium commercial), geography (Asia-Pacific, Europe, North America, and the Rest of the World) fuel type (CNG&LPG)and provides market forecast for 2019 in terms of volume (`000 Units) and value($million) for the aforesaid segments. It covers Porter’s Five Forces Analysis and Comparative Economic analysis of all the important countries. It contains qualitative data about CNG and LPG systems, its components, and functions. The modifications required in engines for installing LPG/CNG equipment in gasoline and diesel engines. The reason behind loss of power delivery of CNG and LPG vehicle. It outlines the key strategies of OEMs and governments for promoting CNG and LPG vehicle, the recent developments & products, agreements, partnerships, collaborations, and joint ventures of OEMs, globally. It also provides a detailed information on fuelling stations and cost of fuel (Petrol/LPG/CNG), by geography The key players in this market are Suzuki (Japan), FIAT (Italy), General Motors (U.S.),Ford (U.S.), Honda(Japan), Volkswagen(Germany) and Hyundai (Korea).

Scope of the Report

The CNG and LPG vehicle market is analyzed in terms of volume (thousand units) and value ($million) for the aforesaid vehicle types, fuel types, by regions, and respective major countries:

  • By Geography
    • Asia-Pacific
    • Europe
    • North America
    • ROW
  • By Vehicle Type
    • Passenger Cars
    • Light Commercial Vehicles
  • By Fuel Type
    • CNG
    • LPG

CNG & LPG Vehicle Market

Source: MarketsandMarkets Analysis

Table of Contents
 
1 Introduction (Page No. - 22)
    1.1 Objectives
    1.2 Report Description
    1.3 Glance At Markets Covered
          1.3.1 By Regions
                   1.3.1.1 Asia-Pacific
                   1.3.1.2 Europe
                   1.3.1.3 Americas
                   1.3.1.4 ROW
          1.3.2 By Fuel Type
                   1.3.2.1 CNG
                   1.3.2.2 LPG
          1.3.3 By Vehicle Types
                   1.3.3.1 Passenger Cars
                   1.3.3.2 Light Commercial Vehicles
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Market Size
          1.5.2 Methodology
          1.5.3 Data Taken From Secondary Sources
          1.5.4 Data Taken From Primary Sources
          1.5.5 Assumptions Made for This Report
    1.6 Key Questions Answered
    1.7 Countries Considered for This Study

2 Executive Summary (Page No. - 36)
    2.1 Asia-Pacific: Future Market Leader
    2.2 Passenger Cars: Segment With Highest Application
    2.3 CNG: the Future of Alternative Fuel
 
3 Premium Insights (Page No. - 39)
    3.1 CNG and LPG Vehicle Market: Scope of the Report
    3.2 Global CNG & LPG Vehicle Market, By Geography

4 Market Overview (Page No. - 43)
    4.1 Introduction
    4.2 Government Strategies in the Development of Alternative Fuel, By Country
          4.2.1 Asia-Pacific
                   4.2.1.1 India
                   4.2.1.2 Pakistan
                   4.2.1.3 China
                   4.2.1.4 Australia
                   4.2.1.5 Korea
          4.2.2 Europe
                   4.2.2.1 Germany
                   4.2.2.2 Italy
                   4.2.2.3 Turkey
          4.2.3 Americas
                   4.2.3.1 U.S.
                   4.2.3.1.1 According to the 2011 Nat Gas Act:
                   4.2.3.2 South America
          4.2.4 ROW
                   4.2.4.1 Iran
    4.3 Key OEM Players Present With Respective Number of Models
    4.4 Market Dynamics
          4.4.1 Drivers
                   4.4.1.1 Cost Saving
                   4.4.1.2 Emission Norms
                   4.4.1.3 Government Incentives
          4.4.2 Restraints
                   4.4.2.1 Lack of Support Infrastructure
                   4.4.2.2 Higher Initial Cost
          4.4.3 Opportunities
    4.5 Burning Issue
    4.6 Winning Imperative
          4.6.1 Untapped top Two Automotive Markets
          4.6.2 Competition From Other Alternative Energy Vehicles
          4.6.3 Evolution of Powertrain Technologies
    4.7 Value Chain Analysis
    4.8 Porter’s Five forces Analysis
          4.8.1 Threat of New Entrants
          4.8.2 Suppliers’ Power
          4.8.3 Threat of Substitutes
          4.8.4 Buyers’ Power
          4.8.5 Degree of Competition
    4.9 Porter`S Five forces Analysis, By Country
          4.9.1 India
          4.9.2 Pakistan
          4.9.3 China
          4.9.4 Turkey
          4.9.5 Iran
          4.9.6 Europe (Italy & Germany)
          4.9.7 Brazil
          4.9.8 Australia
          4.9.9 Poland
          4.9.10 France
          4.9.11 South Korea
    4.10 Comparative Economic Analysis of Major Countries in CNG & LPG Vehicle Segment
            4.10.1 India
            4.10.2 Pakistan
            4.10.3 China
            4.10.4 Turkey
            4.10.5 Iran
            4.10.6 Brazil
            4.10.7 South Korea
            4.10.8 Poland
            4.10.9 France
            4.10.10 Argentina

5 Technical Overview (Page No. - 93)
    5.1 Components & Working of CNG & LPG Engines
          5.1.1 Components of A CNG/LPG Kit
          5.1.2 Working of CNG Engines
          5.1.3 Working of LPG Engines
    5.2 Different Types of CNG/LPG Systems
          5.2.1 Open Loop System
          5.2.2 Closed Loop System
          5.2.3 Sequential System
    5.3 Safety Concerns Related to CNG & LPG
    5.4 Reason Behind Reduction in Power Delivery of CNG & LPG Vehicles
    5.5 Important Terms
    5.6 Modifications Required in Gasoline Engines for Installing CNG/LPG Equipment
    5.7 Modifications Required in Diesel Engines for Installing CNG/LPG Equipment

6 Oe CNG & LPG Vehicle Market, By Fuel Type (Page No. - 101)
    6.1 Introduction
    6.2 CNG & LPG Vehicle Market, By Fuel Type
          6.2.1 Market Volume Estimates
          6.2.2 Market Value Estimates
    6.3 CNG Vehicle Market By Geography
          6.3.1 Market Value Estimates
          6.3.2 Asia-Pacific
                   6.3.2.1 Market Volume Estimates
                   6.3.2.2 Market Value Estimates
                   6.3.2.3 India
                               6.3.2.3.1 Market Volume Estimates
                               6.3.2.3.2 Market Value Estimates
                   6.3.2.4 China
                               6.3.2.4.1 Market Volume Estimates
                               6.3.2.4.2 Market Value Estimates
          6.3.3 Europe
                   6.3.3.1 Market Volume Estimates
                   6.3.3.2 Market Value Estimates
                   6.3.3.3 Italy
                               6.3.3.3.1 Market Volume Estimates
                               6.3.3.3.2 Market Value Estimates
                   6.3.3.4 Germany
                               6.3.3.4.1 Market Volume Estimates
                               6.3.3.4.2 Market Value Estimates
                   6.3.3.5 Ukraine
                               6.3.3.5.1 Market Volume Estimates
                               6.3.3.5.2 Market Value Estimates
          6.3.4 Americas
                   6.3.4.1 Market Volume Estimates
                   6.3.4.2 Market Value Estimates
                   6.3.4.3 U.S.
                               6.3.4.3.1 Market Volume Estimates
                               6.3.4.3.2 Market Value Estimates
                   6.3.4.4 Brazil
                               6.3.4.4.1 Market Volume Estimates
                               6.3.4.4.2 Market Value Estimates
          6.3.5 ROW
                   6.3.5.1 Market Volume Estimates, By Country
                   6.3.5.2 Market Value Estimates
                   6.3.5.3 Iran
                               6.3.5.3.1 Market Volume Estimates
                               6.3.5.3.2 Market Value Estimates
                   6.3.5.4 Uzbekistan
                               6.3.5.4.1 Market Volume Estimates
                               6.3.5.4.2 Market Value Estimates
    6.4 LPG Vehicle Market
          6.4.1 Market, By Geography
                   6.4.1.1 Market Value Estimates, By Region
                   6.4.1.2 Market Value Estimates, By Region
                   6.4.1.3 Asia-Pacific
                               6.4.1.3.1 Market Volume Estimates, By Country
                               6.4.1.3.2 Market Value Estimates, By Country
                   6.4.1.4 Europe
                               6.4.1.4.1 Market Volume Estimates, By Country
                               6.4.1.4.2 Market Value Estimates, By Country

7 Original Equipement CNG & LPG Vehicle Market, By Vehicle Type (Page No. - 149)
    7.1 Introduction
    7.2 CNG & LPG Passenger Car Market Demand Trend, By Geography
          7.2.1 CNG & LPG Market, By Vehicle Type, By Volume
          7.2.2 CNG & LPG Market, By Vehicle Type, By Value
    7.3 Passenger Cars
          7.3.1 Market Volume Estimates
          7.3.2 Market Value Estimates
          7.3.3 Asia-Pacific
                   7.3.3.1 Market Volume Estimates, By Country
                   7.3.3.2 Market Value Estimates, By Country
          7.3.4 Europe
                   7.3.4.1 Market Volume Estimates, By Country
                   7.3.4.2 Market Value Estimates, By Country
          7.3.5 Americas
                   7.3.5.1 Market Volume Estimates, By Country
                   7.3.5.2 Market Value Estimates, By Country
          7.3.6 ROW
                   7.3.6.1 Market Volume Estimates, By Country
                   7.3.6.2 Market Value Estimates, By Country
    7.4 Passenger Car Market By Fuel Type
          7.4.1 LPG
                   7.4.1.1 Market Volume Estimates, By Country
                   7.4.1.2 Market Value Estimates, By Country
          7.4.2 CNG
                   7.4.2.1 Market Volume Estimates, By Country
                   7.4.2.2 Market Value Estimates, By Country
    7.5 Light Commercial Vehicle Market
          7.5.1 Market By Geography
                   7.5.1.1 Market Volume Estimates, By Region
                   7.5.1.2 Market Value Estimates, By Region
          7.5.2 Market By Region
                   7.5.2.1 Asia-Pacific
                               7.5.2.1.1 Market Volume Estimates, By Country
                               7.5.2.1.2 Market Value Estimates, By Country
                   7.5.2.2 Europe
                               7.5.2.2.1 Market Volume Estimates, By Country
                               7.5.2.2.2 Market Value Estimates, By Country
                   7.5.2.3 Americas
                               7.5.2.3.1 Market Volume Estimates, By Country
                               7.5.2.3.2 Market Value Estimates, By Country
                   7.5.2.4 ROW
                               7.5.2.4.1 Market Volume Estimates, By Country
                               7.5.2.4.2 Market Value Estimates, By Country

8 LPG & CNG Gas Stations, & Cost of Fuel, By Geography (Page No. - 183)
    8.1 Introduction
    8.2 CNG-Fuelling Stations (2013), By Region
          8.2.1 Asia-Pacific (CNG-Fuelling Stations), 2013
          8.2.2 Europe (CNG-Fuelling Stations), 2013
          8.2.3 Americas (CNG-Fuelling Stations), 2013
          8.2.4 ROW (CNG-Fuelling Stations), 2013
    8.3 LPG Gas Stations, By Country, 2013
    8.4 Cost of Fuel, By Region, 2013
          8.4.1 Asia-Pacific
          8.4.2 Europe
          8.4.3 Americas
          8.4.4 ROW
    8.5 Comparative Analysis of CNG- & LPG-Fuelling Density, By Country
          8.5.1 CNG-Fuelling Station Density
          8.5.2 LPG-Fuelling Station Density

9 Aftermarket (Page No. - 197)
    9.1 Introduction
    9.2 Cost of Retrofitting CNG & LPG Vehicles, By Region
          9.2.1 Market Estimates CNG Vehicle Cost of Retrofitting, By Region
          9.2.2 Market Estimaes LPG Vehicle Cost of Retrofitting, By Region
    9.3 Aftermarket Players
          9.3.1 Landi Renzo
          9.3.2 Impco
          9.3.3 Venchurs
          9.3.4 Westport
          9.3.5 Tomasetto Achille

10 Comparison of Total Cost of Ownership of CNG/LPG Vehicles to Gasoline Vehicles (Page No. - 205)
     10.1 Introduction
     10.2 Total Cost to Consumer in Five Years, By Country
             10.2.1 India
             10.2.2 Pakistan
             10.2.3 U.S.
             10.2.4 Brazil
             10.2.5 Italy
             10.2.6 Germany
             10.2.7 France
             10.2.8 Australia
             10.2.9 South Korea
             10.2.10 Poland
     10.3 Conclusion
             10.3.1 Savings From CNG Vehicles
             10.3.2 Savings From LPG Vehicles

11 Competitive Landscape (Page No. - 218)
     11.1 Introduction
     11.2 Market Players
            11.2.1 Relative Market Positions of the Companies, By Geography
     11.3 Key Growth Strategies of the CNG/LPG Vehicle Market
     11.4 Expansions & Other Developments
     11.5 New Product Launches
     11.6 Agreements, Partnerships, Collaborations, Joint Ventures, & Supply Contracts
     11.7 Mergers & Acquisitions

12 Company Profile (Page No. - 231)
     (Overview, Financial*, Products & Services, Strategy, and Developments) 
     12.1 Fiat S.P.A.
     12.2 ford Motor Company
     12.3 Volkswagen
     12.4 General Motors
     12.5 Honda Motor Co., Ltd.
     12.6 Hyundai Motor Group
     12.7 Suzuki Motor Corporation

*Details Might Not Be Captured in Case of Unlisted Companies. 


List of Tables (98 Tables) 

Table 1 Comparative Economic Analysis, India
Table 2 Comparative Economic Analysis, Pakistan
Table 3 Comparative Economic Analysis, China
Table 4 Comparative Economic Analysis, Turkey
Table 5 Comparative Economic Analysis, Iran
Table 6 Comparative Economic Analysis, Brazil
Table 7 Comparative Economic Analysis, South Korea
Table 8 Comparative Economic Analysis, Poland
Table 9 Comparative Economic Analysis, France
Table 10 Comparative Economic Analysis, Argentina
Table 11 Components of A CNG/LPG Kit
Table 12 CNG & LPG Vehicle Market Size,By Region, 2012-2019 (‘000 Units) 
Table 13 CNG & LPG Vehicle Market Size, By Region, 2012-2019 ($Million)
Table 14 CNG Vehicle Market Size,By Region, 2012-2019 (‘000 Units)
Table 15 CNG Vehicle Market Size,By Region, 2012-2019 ($Million)
Table 16 Asia-Pacific: CNG Vehicle Market Size,By Country, 2012-2019 (‘000 Units) 
Table 17 Asia-Pacific: CNG Vehicle Market Size,By Country, 2012-2019 ($Million) 
Table 18 India: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 (‘000 Units) 
Table 19 India: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 20 China: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 (‘000 Units) 
Table 21 China: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 22 Europe: CNG Vehicle Market Size,By Country, 2012-2019 (‘000 Units) 
Table 23 Europe: CNG Vehicle Market Size,By Country, 2012-2019 ($Million) 
Table 24 Italy: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 (‘000 Units) 
Table 25 Italy: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 26 Germany: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 (‘000 Units) 
Table 27 Germany: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 28 Ukraine: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 (‘000 Unit) 
Table 29 Ukraine: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 30 Americas: CNG Vehicle Market Size,By Country, 2012-2019 (‘000 Units) 
Table 31 Americas: CNG Vehicle Market Size,By Country, 2012-2019 ($Million) 
Table 32 U.S.: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 (‘000 Units) 
Table 33 U.S.: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 34 Brazil: CNG Vehicle Market Size, By Vehicle Type, 2012-2019 (‘000 Units) 
Table 35 Brazil: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 36 ROW: CNG Vehicle Market Size,By Country, 2012-2019 (‘000 Units) 
Table 37 ROW: CNG Vehicle Market Size,By Country, 2012-2019 ($Million) 
Table 38 Iran: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 (‘000 Units) 
Table 39 Iran: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 40 Uzbekistan: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 (‘000 Unit) 
Table 41 Uzbekistan: CNG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 42 LPG Vehicle Market Size,By Region, 2012-2019 (‘000 Units)
Table 43 LPG Vehicle Market Size,By Region, 2012-2019($Million)
Table 44 Asia-Pacific: LPG Vehicle Market Size,By Country, 2012-2019 (‘000 Units) 
Table 45 Asia-Pacific: LPG Vehicle Market Size, By Country, 2012-2019 ($Million) 
Table 46 Europe: LPG Vehicle Market Size, By Country, 2012-2019 (‘000 Units) 
Table 47 Europe: LPG Vehicle Market Size, By Country, 2012-2019 ($Million) 
Table 48 Passenger Car & Light Commercial Vehicle Market Size, 2012-2019 (‘000 Units) 
Table 49 CNG & LPG Vehicle Market Size,By Vehicle Type, 2012-2019 ($Million) 
Table 50 Passenger Cars Market, By Region, 2012-2019 (‘000 Units)
Table 51 Passenger Cars Market, By Region, 2012–2019 ($Million)
Table 52 Asia-Pacific: Passenger Car Market Size,By Country, 2012-2019 (‘000 Units) 
Table 53 Asia-Pacific: Passenger Car Market Size,By Country, 2012-2019 ($Million) 
Table 54 Europe: Passenger Car Market Size,By Country, 2012-2019 (‘000 Units) 
Table 55 Europe: Passenger Car Market Size,By Country, 2012-2019 ($Million) 
Table 56 Americas: Passenger Cars Market Size,By Country, 2012-2019 (‘000 Units) 
Table 57 Americas: Passenger Cars Market Size,By Country, 2012-2019 ($Million) 
Table 58 ROW: Passenger Car Market Size,By Country, 2012-2019 (‘000 Units) 
Table 59 ROW: Passenger Car Market Size,By Country, 2012-2019 ($Million) 
Table 60 LPG Passenger Car Market Size,By Region, 2012-2019 (‘000 Units) 
Table 61 LPG Passenger Car Market Size,By Region, 2012-2019 ($Million) 
Table 62 CNG Passenger Car Market Size,By Region, 2012-2019 (‘000 Units) 
Table 63 CNG Passenger Car Market Size,By Region, 2012-2019 ($Million) 
Table 64 CNG Light Commercial Vehicle Market Size,By Region, 2012-2019 (‘000 Units) 
Table 65 CNG Light Commercial Vehicle Market Size,By Region, 2012-2019 ($Million) 
Table 66 Asia-Pacific:CNG Light Commercial Vehicle Market Size, By Country, 2012-2019 (‘000 Units) 
Table 67 Asia-Pacific: CNG Light Commercial Vehicle Market Size, By Country, 2012-2019 ($Million) 
Table 68 Europe: CNG Light Commercial Vehicle Market Size, By Country, 2012-2019 (‘000 Units) 
Table 69 Europe: CNG Light Commercial Vehicle Market Size, By Country, 2012-2019 ($Million) 
Table 70 Americas: CNG Light Commercial Vehicle Market Size, By Country, 2012-2019 (‘000 Units) 
Table 71 Americas: CNG Light Commercial Vehicle Market Size, By Country, 2012-2019 ($Million) 
Table 72 ROW: CNG Light Commercial Vehicle Market Size, By Country, 2012-2019 (‘000 Units)
Table 73 ROW: CNG Light Commercial Vehicle Market Size, By Country, 2012-2019 ($Million)
Table 74 Asia-Pacific: Cost of Fuel, By Country, 2013
Table 75 Europe: Cost of Fuel, By Country, 2013
Table 76 Americas: Cost of Fuel, By Country, 2013
Table 77 ROW: Cost of Fuel, By Country, 2013
Table 78 CNG-Fuelling Station Density, By Country, 2013
Table 79 LPG-Fuelling Station Density, By Country, 2013
Table 80 Revenue of Key Players
Table 81 Expansions & Other Developments, 2010–2014
Table 82 New Product Launches, 2010–2014
Table 83 Agreements, Partnerships, Collaborations, Joint Ventures, & Supply Contracts, 2010–2014
Table 84 Mergers & Acquisitions, 2010–2014
Table 85 Fiat S.P.A: Product Portfolio
Table 86 Fiat S.P.A: Developments
Table 87 ford: Product Portfolio
Table 88 ford: Developments
Table 89 Volkswagen: Product Portfolio
Table 90 Volkswagen : Developments
Table 91 General Motors: Product Portfolio
Table 92 General Motors: Product Portfolio
Table 93 Honda: Product Portfolio
Table 94 Honda : Developments
Table 95 Hyundai: Product Portfolio
Table 96 Hyundai: Product Portfolio
Table 97 Suzuki: Product Portfolio
Table 98 Suzuki: Developments


List of Figures (83 Figures)

Figure 1 CNG & LPG Market Segmentation
Figure 2 CNG & LPG Parc Vehicles Market Share, By Fuel Type, 2013
Figure 3 Stakeholders
Figure 4 CNG & LPG: Countries Considered for Study
Figure 5 CNG & LPG Vehicles Market Share (Volume), By Segment, 2014
Figure 6 CNG & LPG Vehicles Market Segmentation
Figure 7 Oe CNG & LPG Vehicle Market Snapshot, By Geography, 2012-2019 
Figure 8 Oe CNG & LPG Vehicle Demand Share, By Geography, By Vehicle Type & Fuel Type, 2014
Figure 9 Oe CNG & LPG Passenger Car & Lcv Market Size, By Volume, By Geography, 2012-2019 (‘000 Units) 
Figure 10 Key OEM Players Present With Respective Number of Models
Figure 11 Impact Analysis of Major Drivers in the CNG & LPG Vehicle Market
Figure 12 Impact Analysis of Major Restraint in the CNG & LPG Vehicle Market
Figure 13 Value Chain Analysis of Oe CNG/LPG Vehicle Market
Figure 14 Porter’s Five forces Model, India
Figure 15 Porter’s Five forces Model, Pakistan
Figure 16 Porter’s Five forces Model, China
Figure 17 Porter’s Five forces Model, Turkey
Figure 18 Porter’s Five forces Model, Iran
Figure 19 Porter’s Five forces Model, Europe (Italy & Germany)
Figure 20 Porter’s Five forces Model, Brazil
Figure 21 Porter’s Five forces Model, Australia
Figure 22 Porter’s Five forces Model, Poland
Figure 23 Porter’s Five forces Model, France
Figure 24 Porter’s Five forces Model, South Korea
Figure 25 Comparative Economic Analysis, India
Figure 26 Comparative Economic Analysis, Pakistan
Figure 27 Comparative Economic Analysis, China
Figure 28 Comparative Economic Analysis, Turkey
Figure 29 Comparative Economic Analysis, Iran
Figure 30 Comparative Economic Analysis, Brazil
Figure 31 Comparative Economic Analysis, South Korea
Figure 32 Comparative Economic Analysis, Poland
Figure 33 Comparative Economic Analysis, France
Figure 34 Comparative Economic Analysis, Argentina
Figure 35 Components of CNG & LPG Engine
Figure 36 CNG & LPG Vehicle Market Trend, By Fuel Type, 2012-2019 (‘000 Units) 
Figure 37 CNG & LPG Vehicle Market Share (Volume), By Geography, 2014 Vs. 2019 
Figure 38 CNG & LPG Vehicle Market Share (Value), By Geography, 2014 Vs. 2019 
Figure 39 CNG Vehicle Market Trend, By Geography, 2012-2019 (By Volume) 
Figure 40 CNG Vehicle Market Share (Volume), By Geography, 2014 Vs. 2019 
Figure 41 CNG Vehicle Market Share (Value), By Geography, 2014 Vs. 2019 
Figure 42 LPG Vehicle Market Trends, By Geography, 2012-2019 (‘Ooo Units) 
Figure 43 LPG Vehicle Market Share (Volume), By Geography, 2014 Vs. 2019 
Figure 44 LPG Vehicle Market Share (Volume), By Geography, 2014 Vs. 2019 
Figure 45 CNG & LPG Passenger Car Market Demand Trend, By Geography, 2012-2019 (‘000 Units)
Figure 46 Passenger Car & Light Commercial Vehicle Market Share (Volume), By Geography,2014 Vs 2019
Figure 47 Passenger Car & Light Commercial Vehicle Market Share (Value), By Geography,2014 Vs 2019
Figure 48 CNG & LPG Passenger Car Market Demand Trend, By Geography, 2012-2019 (‘000 Units)
Figure 49 CNG Light Commercial Vehiclemarket Share (Volume), By Geography,2014 Vs 2019 
Figure 50 CNG Light Commercial Vehicle Market Share (Value), By Geography,2014 Vs 2019 
Figure 51 CNG-Fuelling Stations (2013), By Region
Figure 52 Asia-Pacific (CNG-Fuelling Stations), 2013
Figure 53 Europe (CNG-Fuelling Stations), 2013
Figure 54 Americas (CNG-Fuelling Stations), 2013
Figure 55 ROW (CNG-Fuelling Stations), 2013
Figure 56 Number of LPG Fuelling Stations, By Country, 2013
Figure 57 Number of LPG Gas Stations, By Country, 2013
Figure 58 Cost of Retrofitting CNG Vehicles, 2013
Figure 59 Cost of Retrofitting LPG Vehicles, 2013
Figure 60 Total Cost to Consumer in Five Years, India
Figure 61 Total Cost to Consumer in Five Years, Pakistan
Figure 62 Total Cost to Consumer in Five Years, U.S.
Figure 63 Total Cost to Consumer in Five Years, Brazil
Figure 64 Total Cost to Consumer in Five Years, Italy
Figure 65 Total Cost to Consumer in Five Years, Germany
Figure 66 Total Cost to Consumer in Five Years, France
Figure 67 Total Cost to Consumer in Five Years, Australia
Figure 68 Total Cost to Consumer in Five Years, South Korea
Figure 69 Total Cost to Consumer in Five Years, Poland
Figure 70 Savings From CNG Vehicles
Figure 71 Savings From LPG Vehicles
Figure 72 CNG Market Share Anaylsis, 2013
Figure 73 LPG Market Share Analylsis, 2013
Figure 74 CNG/LPG Vehicle: Relative Market Position of the Key Original Equipment Manufacturers, By Geography, 2013
Figure 75 CNG/LPG Vehicle Market: Key Growth Strategies of Original Equipment Manufacturers, 2010–2014
Figure 76 CNG/LPG Vehicles: Annual Key Growth Strategy Trends, 2010–2014 
Figure 77 Fiat S.P.A.: SWOT Analysis
Figure 78 ford: SWOT Analysis
Figure 79 Volkswagen: SWOT Analysis
Figure 80 General Motors: SWOT Analysis
Figure 81 Honda: SWOT Analysis
Figure 82 Hyundai: SWOT Analysis
Figure 83 Suzuki: SWOT Analysis

The OE CNG and LPG vehicle market is estimated to grow at a healthy CAGR of 10.01% from 2014 to 2019 & reach $5,196.9 Million by 2019.

The unprecedented rise and fall in gasoline and diesel prices over the last few years, driven by extensive fluctuation in the cost of crude oil, and the growing emission standards have forced people to look for cost-effective and environment-friendly mobility solutions. With the worldwide economic recovery under way, the demand for crude oil is again on the rise. However, the unrest in the Middle East and North Africa has put supplies at risk. This combination of rising demand and reduced supply has provided impetus to CNG and  LPG vehicles.

CNG and LPG, both are fossil fuels but they produce 60% to 90% less pollutants, 30% to 40% less greenhouse gasses, and are as little as half the price of gasoline. However, fuelling infrastructure and range anxiety still remain a major cause of concern. Even in this uncertain scenario, there is a wide opportunity for these vehicles to become a generic application in the global transportation industry.

Asia-Pacific and South America are the top consumers of CNG; whereas Europe is the leading consumer of LPG. These regions comprise a large number of developing countries, such as India, Brazil, and China, where the rising disposable income has spurred the demand for motor vehicles, but the rising crude oil prices continue to inflate the monthly running cost of the consumers in these countries. The consumers are left with no option but to switch to low-cost fuels in order to keep their monthly running cost low. Europe, on the other hand, has always been vulnerable to high fuel prices that promoted the use of LPG as a motor fuel a decade ago, consequently making it the largest consumer of LPG.

The global CNG and LPG industry is dominated by OEMs, such as Suzuki Motors(Japan), Honda Motor Company Ltd. (Japan), Fiat S.p.A. (Italy), Hyundai Motor Company(South Korea), General Motors(U.S.), Ford Motor Company (U.S.) Volkswagen (Germany) and suppliers, such as Landi Renzo( Italy) and Westport( Canada).

CNG and LPG Vehicle Market Size, 2014 Vs. 2019($Million)

CNG & LPG Vehicle Market

Source: MarketsandMarkets Analysis

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