‘Sales of CNG Passenger Cars will reach 3.95 Million units in 2025' says Visiongain report

LONDON - Jan. 19, 2015 - PRLog -- LONDON, UK. 9th January 2015: Visiongain’s analysis indicates that global compressed natural gas (CNG) passenger car sales will reach 1.18 million in 2015. As 2014 concluded with an unprecedented slump in the price of crude oil, the market for natural gas in transportation will be affected and becomes a major talking point in the automotive sector. Visiongain assesses that the market for CNG passenger cars has a large potential since the usage of CNG as fuel will enable car owners to achieve greater fuel savings, recoup the upfront purchase cost faster, and comply by the stricter CO2 emission requirements. As fuel station infrastructure grows across regional markets over the forecast period, CNG will see a wider adoption. This will be the case especially in markets where the fuel has traditionally seen major use, and in regions where natural gas is abundant.

The visiongain author of the Automotive Compressed Natural Gas Vehicles (NGV) Market 2015-2025: Growth Prospects for CNG Passenger Cars report commented that:

“In 2015 the market for compressed natural gas vehicles is still in its infancy despite a growth in sales, especially through 2009 to 2014. The CNG passenger car market is currently characterised by a high level of concentration in a small number of countries, low penetration in the major automotive markets and limited supply of models by OEMs. The latter is mainly due to the significant upfront purchase cost in comparison with petroleum-fuelled vehicles, and due to the relatively high cost of aftermarket conversion.

However, the market represents high potential and it is expected to record robust growth in the forecast period. Investment in new CNG stations will help overcome the lack of a sufficient refuelling infrastructure, the biggest restraint the market faces. Additionally, the introduction of a greater breadth of CNG models by OEMs will enable both reduction in the conversion cost and greater NGV ownership as the price advantage of natural gas over other fuels will continue throughout 2015-2025. This price advantage, though hampered by the slump in oil prices in late 2014, will stabilise over the near-term and ultimately facilitate a greater level of CNG passenger car adoption.

The markets of China, India and Iran are expected by visiongain to continue their strong growth, as gas infrastructure develops and refuelling stations are constructed to develop a CNG fuelling network with greater coverage. Latin America is another market forecast to grow steadfastly, and within Europe the national markets of Italy and Germany show considerable potential.’’

Visiongain’s 208-page report contains acomprehensive overview of the current status of the global CNG passenger car market as well as the total NGV market with a focus on leading countries, regions, companies, CNG car models and infrastructural developments.

·       Global Compressed Natural Gas Passenger Cars Sales Forecast 2015-2025 and in-depth analysis of the drivers and restraints.

·       Global forecast of the CNG Passenger Car Population from 2015-2025.

·       Individual and detailed analysis of CNG Passenger Car submarkets by Fitment Type: OEM or Aftermarket fitment covering the period 2015-2025.

·       In-depth analysis and discussion regarding the recent fall in oil prices and its effects on the CNG Passenger Car Market and Natural Gas Vehicles Market

·       Global Passenger Car Sales Forecast 2015-2025.

·       Analysis of the historical Natural Gas Vehicle market sales and population throughout 2010-2014.

·       Regional CNG Passenger Car Sales Forecast 2015-2025 and comprehensive analysis of 15 leading National Markets from 2015-2025.

·       Expert opinion from key-opinion leaders in the market, representing US based filling station operators Trillium CNG and energy consulting specialist Clean Fuels Consulting. Interviews add insight into the CNG Passenger Car market.

·       Profiles of 15 leading CNG Passenger Car manufacturers operating within the sector with complete analysis of their role and future outlook.

·       Detailed profiles of over 30 CNG Passenger Car models currently on the market, including newly released 2015 models.

·       Overview of the overall penetration of Natural Gas in transportation from 1973-2012 and 2015-2025.

·       Analysis of Natural Gas technologies, refuelling infrastructure and plans for new NGV stations.

·       SWOT analysis of the global CNG Passenger Car market, as well as SWOT analyses for each individual national market and submarkets are also provided.

·       Conclusions and recommendations for the future, as well as expected future developments for each submarket and national / regional markets.

The Automotive Compressed Natural Gas Vehicles (NGV) Market 2015-2025: Growth Prospects for CNG Passenger Cars report will be of value to current and future potential investors into the automotive industry, as well as companies and research centres who wish to broaden their knowledge of the NGV Market.

For sample pages and further information concerning the visiongain report The Automotive Compressed Natural Gas Vehicles (NGV) Market 2015-2025: Growth Prospects for CNG Passenger Cars please visit https://www.visiongain.com/Report/1374/Automotive-Compres... (http://www.visiongain.com/Sector/200/Automotive)

Contact:

Email: Sara Peerun on sara.peerun@visiongainglobal.com

Tel: +44 (0) 20 7336 6100

Notes for Editors

For an executive summary or if you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials and Automotive sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.