Moving in Innovative Ways
Navigant Research Provides New Insights into the Transportation Industry
According to recent reports from Navigant Research, electric bicycles and natural gas powered vehicles are making major waves in the transportation market. Given wide-spread concern over greenhouse gas emissions, improved technology and increased availability, these two methods of transportation are becoming viable options for those looking to save money and reduce their carbon footprint.
Navigant Research finds that electric bicycles (e-bikes) continue to be the highest selling electric vehicle on the planet, with nearly 35 million unit sales forecast for 2016. Improving lithium ion (Li-ion) battery technology is resulting in e-bikes that are lighter, lower in cost, and remarkably similar to traditional bicycles. Additionally, increasing urbanization and a desire to move away from cars for motorized transportation are opening up more opportunities for alternative mobility devices. E-bikes are positioned to be a primary benefactor of this trend since they are low in cost relative to cars, do not require licensing, and can take advantage of existing bicycling infrastructure.
The report on e-bikes answers the following questions:
- What are the key regional and technology trends shaping the e-bike market?
- How will government regulations influence the global e-bike market?
- What is the market share of electric bicycles (e-bikes) in the traditional bicycle market?
- What are the average transaction prices for e-bikes by region?
- How much revenue will be generated by e-bikes during the next 10 years?
- Who are the key suppliers and manufacturers in the e-bike market?
- How will the share of sealed lead-acid (SLA) and lithium ion (Li-ion) batteries change within the e-bike market?
Gain access to the full report here.
Natural Gas Proves to be a Powerful Alternative
Global supplies of natural gas (NG) have reached record levels over the past decade thanks to the deployment of non-traditional extraction methods such as hydraulic fracturing. However, since late 2014, the production of crude oil has outpaced demand. This trend has triggered a sustained collapse in world oil prices, which have remained mostly below about $50 per barrel since that time. The low prices have put pressure on the market for natural gas vehicles (NGVs) and the corresponding refueling infrastructure.
Despite the pricing pressure, as fuel economy and greenhouse gas (GHG) emissions standards become increasingly stringent in world markets, NG becomes an attractive alternative to diesel. This is especially true for medium and heavy duty vehicles, where electrification is less practical and NG operation can reduce the costs associated with diesel emissions after-treatment. Meanwhile, tightening emissions regulations, particularly for diesel engines, will push fleets toward NG conversions—and refueling infrastructure will follow. According to Navigant Research, the total number of NG refueling stations globally is expected to reach almost 39,300 locations by 2026.
Navigant answers the following big questions in its report:
- How big is the market for natural gas vehicles (NGVs) both globally and regionally?
- Which form of natural gas (NG) makes the most sense for various applications?
- What are the key forces driving demand for NG refueling infrastructure?
- What are the pros and cons of compressed and liquefied natural gas vehicles in different regions?
- Which companies are involved in the NG refueling infrastructure market?
Read more here.