Automotive CNG & LPG Kits Market Report: Global Industry Analysis, Growth and Development Status Forecast 2021
Over the last five years, CNG and LPG have emerged as environment-friendly and clean fuels for use in automotive industry. Vehicle owners across major global markets such as Europe, APAC and the Americas are gradually moving towards CNG and LPG fueled vehicles. Major factors that are driving adoption of CNG and LPG as a fuel for automobiles include significantly lower carbon emissions and cost-effectiveness of CNG & LPG compared to traditional fuels such as petrol, diesel and gasoline. According to TechSci Research report, “ Global Automotive CNG & LPG Kits Market By Vehicle Type, By Demand Category, By CNG Vs LPG, Competition Forecast and Opportunities, 2011-2021 ’’ , global automotive CNG & LPG kits market is forecast to grow at over 8% CAGR through 2021 driven by rising pollution concerns, cost-effectiveness of alternative fuels, and government initiatives in the form of subsides that are encouraging people to switch to natural gas or auto...