TechNavio today launched its report CNG Vehicle Market in Europe 2011-2015 based on an in-depth study focusing exclusively on Europe. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The compressed natural gas (CNG) Vehicle market in Europe is expected to witness the entry of CNG infrastructure companies in the near future. There has been a rising trend of large enterprises entering the infrastructure market.”
According to the report, the increasing prices and growing consumption of oil in Europe constitute a major growth driver in the CNG Vehicle market in the country.
Further, the high cost of setting up a CNG fueling station is a major challenge against the adoption of CNG vehicles in Europe.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/cng-vehicle-market-europe-2011-2015
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TechNavio Announces the Publication of its Report – CNG Vehicle Market in Europe 2011-2015
