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Concise Analysis of the CNG Vehicle Market in Europe

March 26, 2014

DUBLIN, March 26, 2014 /PRNewswire/ –

Research and Markets (
http://www.researchandmarkets.com/research/9zr6mj/cng_vehicle) has announced the
addition of the “Concise Analysis of the CNG Vehicle Market in Europe”
[http://www.researchandmarkets.com/research/9zr6mj/cng_vehicle ] report to their offering.

(Logo:
http://photos.prnewswire.com/prnh/20130307/600769 )

One of the main trends witnessed in the CNG Vehicles market in Europe is the
increasing number of bi-fuel vehicles. In recent years, consumers have begun to convert
their gasoline vehicles into CNG vehicles. The conversion is done by installing CNG
components in a gasoline vehicle. The CNG acts as the primary fuel source of the vehicle
and the gasoline acts as a back-up. On the dashboard of the vehicle, a fuel selection
switch is installed that allows consumers to select the kind of fuel they prefer to run
their vehicles. Bi-fuel vehicles are gaining momentum as these vehicles guarantee that
there is an adequate fuel reserve between visits to CNG fuelling stations, and thus
consumers do not have to depend totally on natural gas.

According to the report, one of the main factors driving the market is the cost
benefits of using CNG. The financial advantages of running a vehicle using CNG compared to
gasoline/diesel are considerable. This is mainly due to public incentives and reduced tax
rates as well as the lower cost of CNG compared to oil.

Further, the report states that one of the main challenges is the high cost of CNG
vehicles. CNG vehicles are significantly costlier than traditional gasoline or diesel
vehicles. The initial purchase price of an unsubsidized CNG heavy-duty truck is between
extremely high compared to an equivalent commercial diesel-fuelled truck.

The report also includes a discussion of the other vendors operating in this market.
The other vendors in the market are Audi AG, Adam Opel AG, Industrial Vehicle Corp., MAN
Truck & Bus AG, SEAT S.A., Saab Automobile AB, Scania AB, Van Hool NV, Volkswagen AG, GNC
Galileo S.A., Landi Renzo S.p.A., Magneti Marelli S.p.A., Prins Autogassystemen BV, and
Stefanelli Group srl

The study was conducted using an objective combination of primary and secondary
information including inputs from key participants in the industry. The report contains a
comprehensive market and vendor landscape in addition to a SWOT analysis of the key
vendors.

Key Topics Covered:

1. Executive Summary

2. List of Abbreviations

3. Introduction

4. Market Research Methodology

5. Scope of the Report

6. Market Landscape

7. Geographical Segmentation

8. Vendor Landscape

9. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Key Vendor Analysis

16. Other Reports in this Series

Companies Mentioned:

        - Adam Opel AG
        - Daimler AG
        - Fiat S.p.A.
        - General Motors Co.
        - Industrial Vehicle Corp.
        - MAN Truck & Bus AG.
        - Peugeot Citroen S.A.
        - Saab Automobile AB
        - SEAT S.A.
        - Volkswagen AG.
        - Volvo AB

For more information visit

http://www.researchandmarkets.com/research/9zr6mj/cng_vehicle

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net


    Photo: 

http://photos.prnewswire.com/prnh/20130307/600769

SOURCE Research and Markets


Source: PR Newswire



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