India CNG and LPG Vehicles Market – Industry analysis and forecast (2018-2026)
India CNG and LPG Vehicles Market are expected to grow at 10 %.
India CNG and LPG Vehicles market is segmented by fuel and by vehicle. Based on fuel India CNG and LPG vehicles market is fragmented into LPG vehicle and CNG vehicle. Passenger cars, buses, and light commercial vehicle are vehicle segment of India CNG and LPG vehicles market.
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The increasing importance of clean economy and balance of the ecosystem is accompanied by governmental protocols and is driving India’s CNG and LPG vehicles market. Along with environmental concerns, the cost saving factor compares to conventional fuel will also subsidize to the CNG and LPG vehicle market.
According to the estimates, there are 7 lakh natural gas vehicles in the country. This is expected to increase to 58 lakh by 2026.
CNG vehicles dominated the market. India could have 10 million CNG vehicles on roads by 2026. Running cost per kilometer of CNG is Rs 2.15, which is the lowest among all fuel. LPG vehicle segment exhibits the constant growth of 3.5 %. 23 lakh vehicles are running on LPG gas. On an average 10,000-15,000 vehicles are converted into LPG vehicle monthly. Growth is attributed to declining as a result of the hike in crude oil prices.
Passenger cars is the leading segment in the India CNG and LPG vehicles market. India’s leading carmaker is more excited about natural gas than electric vehicles. Domestic LPG and mandate all government vehicles and commercial vehicles into gaseous fuels. Demand for passenger cars is growing triggered by an increase in per capita income and demand for luxury.
Fiat S.P.A, Ford Motor Company, Volkswagen, General Motors, Honda Motor Co. Ltd., Hyundai Motor Group and Suzuki Motor Corporation are leading players in the India CNG and LPG Vehicles Market.
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The scope of the India CNG and LPG Vehicles Market
India CNG and LPG Vehicles Market by Fuel Type:
• CNG
• LPG
India CNG and LPG Vehicles Market By Vehicle:
• Passenger cars
• Buses
• Light Commercial Vehicle
Key Player analyzed in India CNG and LPG Vehicles Market:
• Fiat
• Ford Motor Company
• Volkswagen
• General Motors
• Honda Motor Co. Ltd.
• Hyundai Motor Group
• Suzuki Motor Corporation
MAJOR TOC OF THE REPORT
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. India LPG and CNG vehicle Market Size, By Market Value (US$ Mn)
3.2. Market Overview
3.3. Introduction
3.4. Market Indicator
3.5. Drivers and Restraints Snapshot Analysis
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.5.4. Porter’s Analysis
3.5.5. Value Chain Analysis
3.5.6. SWOT Analysis
4. India LPG and CNG vehicle Market Analysis and Forecast
4.1. India LPG and CNG vehicle Market Analysis and Forecast
4.2. India LPG and CNG vehicle Market Size & Y-o-Y Growth Analysis
5. India LPG and CNG vehicle Market Analysis and Forecast, By Fuel Type
5.1. Introduction and Definition
5.2. Key Findings
5.3. India LPG and CNG vehicle Market Value Share Analysis, By Fuel Type
5.4. India LPG and CNG vehicle Market Size (US$ Mn) Forecast, By Fuel Type
5.5. India LPG and CNG vehicle Market Analysis, By Fuel Type
5.6. India LPG and CNG vehicle Market Attractiveness Analysis, By Fuel Type
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