Global Automotive Natural Gas Vehicle Market is valued approximately at USD XXX million in 2019 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2020-2027. Automotive natural gas vehicle is the vehicle that uses liquefied natural gas and compressed natural gas used as substitute fuels. Transportation sector is adopting natural gas as fuel for the vehicles as it does low emission. Natural gas is safer as compared to diesel and gasoline as they cause pollution and emit greenhouse gases on large scale. As government is coming up with various regulations for low emissions of greenhouse effect in order to reduce pollutions and need lower fuel at lower cost, this might act as driving factor for the growth of the market. For Instance, according to Sublime China Information, the demand for CNG in China is expected to be 10bn m3 less in the year 2020 than earlier. However, High price of the automotive natural gas vehicle is restraining the market growth. Nevertheless, as people are becoming aware of safety and the hazardous effects of greenhouse gas, they would demand and it will provide as opportunity for the market.
The regional analysis of Automotive Natural Gas Vehicle market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share in order to develop natural gas infrastructure.
Major market player included in this report are:
Agility Fuel Solutions
Beiqi Foton Motor Co., Ltd.
CNH Industrial N.V.
Clean Energy Fuels
Quantum Fuel Systems LLC
Westport Fuel Systems Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Fuel Type:
By Vehicle Type:
Light-duty & Heavy-duty Buses and Trucks
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Automotive Natural Gas Vehicle Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers