Reportlinker.com announced a new market research report: "The Automotive Compressed Natural Gas Vehicles (NGV) Market 2013-2023 -- Prospects for CNG Passenger Cars."
The automotive compressed natural gas vehicles (NGV) market is a dynamic and capital intensive industry, the report notes. Gas systems fitted as original equipment follow the global demand for new vehicles and the cyclical nature of this business. In addition, demand for gas systems closely tracks the price of alternative fuels with the key driver for most purchases being the savings over petrol or diesel.
In recent years, the rise of hybrid systems and the increasing choice of battery vehicles has further widened the choice of alternative energy sources for passenger cars. As this report will establish, there is considerable variation at country and regional level in the demand for natural gas vehicles and this report will explains the reasons for this. The report assesses that the global sales of compressed natural gas vehicles will reach 1.5 million in 2013.
Aftermarket systems have traditionally been the way cars were converted to run on compressed natural gas, but as awareness of the benefits of natural gas vehicles grows more manufacturers are following companies like Fiat and Volvo and offering factory fitted options. Other manufacturers are offering CNG preparatory work at the factory and approved specialists then fit out the car.
The report notes that in the three main automotive markets of the world (China, the U.S. and the European Union) car types and in turn vehicle sizes vary with U.S. cars in general being bigger than those in China and the European Union. In turn each market has different growth rates and drivers of demand which will be covered in more detail in this report.
China, which since 2009, has been the largest producer and consumer of passenger cars in the world, has thus become of critical importance for all manufacturers. The global influence of the Chinese consumer has been felt throughout the automotive business and this report will examine the effects globally as the Chinese producers have first satisfied home grown demand and then turned to global exports.
However, natural gas vehicles have not to date proven popular in China, however officials are focusing on the big picture: air pollution, energy security and economic growth. Besides homes, utilities and factories, the government for the first time targeted the transport sector, covering buses, taxis, trucks, and vessels as preferred users of natural gas, according to a document published on the website of the National Development & Reform Commission in October 2012. This increasing use of gas for larger vehicles will help to grow awareness of gas as a fuel source for passenger cars and help to grow the market.
The analysis of this fast changing sector therefore covers the global market with detailed predictions of the countries which, through adjusting their energy policies for their national markets can have a major impact on global consumers.
Vehicles and the corresponding vehicle sizes are examined with a detailed regional analysis of the market with regional trends by country and by vehicle size explored. The report examines how these trends are affected by microeconomic factors influencing the industry's prospects such as supply and demand dynamics, consumer behaviour, company behavior, product pricing and demand elasticity.
The report includes the following:
• Comprehensive analysis of the automotive compressed natural gas vehicles (NGV) market prospects from 2013 to 2023
- 94 tables and figures quantifying and analysing the automotive compressed natural gas vehicles (NGV) market sector
• Opinion interviews from leading industry specialists informing the analysis.
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