Alternatively Powered Commercial Vehicles: Global Markets
The global market for alternative powered commercial vehicles totaled $8.1 billion in 2014 and $5.7 billion in 2015. The market should total $13.2 billion by 2020, in the base case of $80-per-barrel oil, demonstrating a compound annual growth rate (CAGR) of 18.4% from 2015 to 2020.
- An overview of the global markets for alternatively powered commercial vehicles.
- Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Multiple scenarios of the future environment for the cost of fuel, the cost of the incremental equipment, and the savings generated by the incremental equipment utilizing the alternative fuels.
- A regional breakdown of the market into North America, Latin America, EMEA, and Asia-Pacific.
- Further breakdowns within the above regions into heavy duty, medium duty, and light duty commercial vehicles.
- Coverage of eight alternative power/fuel types including liquid natural gas (LNG), compressed natural gas (CNG), liquid petroleum gas (LPG), hybrids, electric (all electric) bio fuels, Hydrogen, and fuel cells.
- Profiles of key players and suppliers.
The global market for the incremental up-fit costs to equip commercial vehicles for alternative fuels are measured for 2014 and projected from 2015 through 2020.
This report focuses on 10 major alternative fuels for commercial vehicles across North America; Latin America; Europe, the Middle East and Africa (EMEA); and the Asia-Pacific region:
- Compressed natural gas (CNG).
- Liquid natural gas (LNG).
- Liquid petroleum gas (LPG), also known as autogas.
- Dimethyl ether (DME).
- Renewable natural gas (Bio Methane).
To maintain a commonality within only those power sources that are utilized by internal combustion engines this report excludes:
- All electric (battery) vehicles.
- Hybrid electric battery and generator/internal combustion vehicles.
- Fuel-cell powered electric vehicles.
Jon T. Gabrielsen is president and CEO of J.T. Gabrielsen Consulting LLC, an Atlanta, Ga.-based market research and growth strategy consulting firm. He has 38 years of vehicular industry experience in roles ranging from market strategy and finance to operations and engineering.