TechNavio today launched its report LPG Vehicle Market in Europe 2011-2015 based on an in-depth analysis focusing exclusively on Europe. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The liquefied petroleum gas (LPG) Vehicle market in Europe is expected to witness the emergence of new technologies. Many original equipment manufacturers (OEMs) are developing new LPG vehicle platforms so as to accommodate the fuel tank in such a way that it does not intrude into either the passenger cabin or the storage space in the trunk, which is a major drawback with alternative fuel vehicles. Furthermore, the suppliers of LPG conversion kits are busy developing new technologies to get the best out of converted vehicles both in terms of emissions and efficiency. Some of the new technologies such as lighter and tougher composite fuel tanks and LPG direct injection systems, which deliver efficiency and performance as good as or even better than gasoline systems without any power deficit, are expected to be the market standard in the near future.”
According to the report, the volatility in the Oil and Gas industry has been a major growth driver for the LPG Vehicle market in Europe. The increasing prices of gasoline and diesel have affected economies across Europe, forcing them to develop other solutions. LPG provides a solution to the increasing prices and the falling reserves of oil and gas. In addition, OEMs can offer lower emission vehicles, thereby reducing the average emissions of the overall range of vehicles. The majority of developing countries in Europe such as Russia, Turkey, and Poland have benefited from these developments because these countries have a significant number of LPG fueling stations.
Further, the report discusses that the lack of awareness regarding LPG vehicles among consumers has negatively affected the market.
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. For further information on this report, please visit https://www.technavio.com/content/lpg-vehicle-market-europe-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – LPG Vehicle Market in Europe 2011-2015
