CNG Vehicle Market in Europe 2011-2015
TechNavio's analysts forecast the CNG Vehicle market in Europe to grow at a CAGR of 14.01 percent in terms of units sold over the period 2011-2015. One of the key factors for this growth is the increasing oil consumption in Europe. The CNG Vehicle market in Europe has also been witnessing the rising demand for bi-fuel vehicles that can run on CNG as well as gasoline. However, lack of proper infrastructure is acting as a barrier to the market’s growth.
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