Pune, India -- (SBWIRE) -- 09/05/2018 -- Growing Sales of Passenger Cars to Promote the Growth of Transportation Fuel Market
The factors such as increased disposable income, growing sales of passenger cars, and rapidly growing industrialization drive the growth of the transportation fuel market worldwide. The growing infrastructure development and industrialization lead to the high demand for transportation fuel for the commercial vehicles. The rising demand for low emissions transportation fuels such as bioethanol, Biodiesel, natural gas, and electricity are anticipated to boost the growth of transportation fuel.
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Asia Pacific region is the dominating as well as the fastest growing region in the transportation fuel market.
Asia Pacific region is the dominating as well as the fastest growing region in the transportation fuel market. The increasing population, consumer's expenditure in the automotive sectors, the demand for fuel for the commercial vehicles are some of the major factors driving the growth of transportation fuel in the Asia Pacific region.
Indian Government considering using LNG as a transportation fuel
In July 2018, The India Government is actively considering using liquefied natural gas (LNG) as a transportation fuel. LNG is being imported under open general license on terms and conditions mutually agreed upon between buyers and sellers and it is being traded in the country on the market-based mechanism.
Hydrogen fuel breakthrough in Queensland could fire up massive new export market
In August 2018, two cars powered by hydrogen derived from ammonia will be tested in Brisbane hanks to a Queensland breakthrough that CSIRO researchers say could turn Australia into a renewable energy superpower.
Hydrogen-powered mobility edges closer with next-generation fuel cell systems
In August 2018, Scientists have made significant progress in the design of vital components used in hydrogen fuel cell vehicles. Improved features will lower production costs and help create a clean automotive future. With hybrid and all-electric battery-powered cars now becoming mainstream, hydrogen's importance as a versatile, clean and safe energy carrier is increasingly recognized.
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global transportation fuel market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of transportation fuel market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the transportation fuel market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the transportation fuel market to understand the present and future trends in this market and formulate their strategies accordingly.