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Proliferation of Natural Gas Fuel in North America Positions MD & HD Truck and Bus Markets for Long-Term Sustainable Growth
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Development of the natural gas market across North America is set to grow due to the shale gas revolution, abundance of LNG, and stricter emission and noise regulations expected in the near future. Furthermore, growth of fuelling infrastructure and increased government incentives across major US states will accelerate market growth; however, the low oil prices and high upfront costs will restrain the fleet adoption rate. This research service captures the key emerging trends in the North American natural gas market for trucks and buses in Class 4-8 vehicles, school buses, transit buses, and other buses (which include coaches and specialty buses). It also analyses and assesses the product strategies and engine and ignition technology strategies of major original equipment manufacturers. Additionally, it also discusses the penetration of CNG, LNG, and Propane across different classes of vehicles along with the pricing trends in these market segments.
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