TechNavio today launched its report CNG Vehicle Market in Latin America 2011-2015 based on an in-depth study focusing exclusively on Latin America. 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 Compressed Natural Gas (CNG) Vehicle market in Latin America is expected to witness increasing environmental regulations in the near future. Governments are expected to introduce new regulations and incentives to support CNG vehicles, which will drive the demand for CNG-powered vehicles.”
According to the report, the very volatile Oil and Gas industry has been a major growth driver for the CNG Vehicle market in Latin America.
Further, the report discusses that the lack of a widespread network of refueling stations acts as one of the reasons why many consumers do not buy CNG vehicles.
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-latin-america-2011-2015
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TechNavio Announces the Publication of its Report – CNG Vehicle Market in Latin America 2011-2015
