The market growth is accelerating with the factors such as rising government incentives policies which has impulse the automakers, LPG vehicle is also known as propane or autogas vehicle. The LPG family contains various hydrocarbon gases which are liquefied with the help of pressurization process and then it is used as fuel in vehicles. The major benefit of using propane is that it shows best performance in cold weather. Moreover, these LPG vehicles are highly economical, clean, reliable, eco-friendly and safe.
LPG Vehicles Market Scenario
According to Data Bridge Market Research the market for LPG vehicles in North America region has the notable market share. The market leader General Motors accounts an estimated market share of approximately 21.2% in North America. It has been witnessed that General Motors are continuously expanding fleet size for alternative fuel. It has been witnessed that alternative fuel offers high potentials to reduce the GHG emission from the environment.
- In addition to it, company is also receiving the incentive for production of alternative fuel vehicles. For instance in November 2016, the General Motors had selected the power solutions international (PSI) as their vehicle modifier in North America. As per the agreement the PSI will perform alternative-fuel conversions, that include natural gas (CNG) and propane (LPG) options, which would cover all the General Motors specially vehicles. This agreement will allow the General Motors to increase their customer base that further increase the revenue and product portfolio of the company.
- In January 2018, General Motors had launched ten GM cars, Trucks and SUV. These all vehicles have dual fuel option. All these models offer greater fuel efficiency that further increases the sales for the General Motors. Owing to this factor company remain competitive in the market.
Trends Impacting the Market
Now the question is which are the other regions that General Motors, Ford Motor Company is targeting? Data Bridge Market Research has forecasted a large growth in North America LPG Vehicles Market and the market leaders targeting U.S. and Canada to be their next revenue pockets for 2020.
The LPG vehicles are becoming more competitive every year with companies such as Ford Motor Company, Fiat Chrysler Automobiles are the market leaders for LPG Vehicles Market. The Data bridge market research new reports highlight the major growth factors and opportunities in the LPG vehicles market.
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New LPG Vehicles Market Developments in 2019
- In April, Ford Motor Company has invested USD 500 million into Rivian, which is a startup of electric vehicle (EV) based in Michigan. Through this investment Ford will build an electric vehicle based on Rivian’s battery architecture. This development will help the company to develop new products by using Rivian expertise and to expand its product portfolio.
Scope of the LPG Vehicles Market
The LPG vehicles market is segmented on the basis of countries into U.S, Canada and Mexico.
- All country based analysis of the LPG vehicles is further analyzed on the basis of vehicle intake system type, fuel type, vehicle type and sales channel. On the basis of vehicle intake system type, the market is segmented into LPG converter-and-mixer systems, LPG vapour phase injection (VPI), LPG liquid injection system (LPI) and LPG liquid phase direct injection (LPDI). Liquid Phase direct Injection (LPDI). On the basis of fuel type, the market is segmented into mono LPG and bio-fuel LPG. On the basis of vehicle type, the market is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. On the basis of sales channel, the market is segmented into OEMs and aftermarket or retrofit vehicle
To know more about the study https://www.databridgemarketresearch.com/es/reports/north-america-lpg-vehicles-market
Key Pointers Covered in the LPG Vehicles Market Industry Trends and Forecast to 2027
- Market Size
- Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
- Infrastructure Development
Key Market Competitors Covered in the report
- Fiat Chrysler Automobiles
- Daimler Trucks North America LLC
- Turtle Top, Inc
- Blue Bird Corporation
- REV Group
- StarCraft Bus
- Isuzu Commercial Truck of America, Inc. (A subsidiary of ISUZU MOTORS LIMITED)
- Ford Motor Company
- General Motors
- Toyota Motor Sales, U.S.A., Inc. (A subsidiary of TOYOTA MOTOR CORPORATION)
- Honda Motor Co., Ltd
Above are the key players covered in the report to know about more and exhaustive list LPG Vehicles Market Company’s contact us https://www.databridgemarketresearch.com/es/toc/?dbmr=north-america-lpg-vehicles-market
Research Methodology: North America LPG Vehicles Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Government fleets, Transport Agencies, Personal Consumers Vehicle OEMs, LPG Vehicle Sales Manager, Researchers, Distributors, Product Providers, Market Experts
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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