Trending Report On Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Is Expected to Reach USD 6530 million and Grow at a CAGR of+9% by 2025 | Top Key Players – Fiat Chrysler, Volkswagen, Ford, General Motors, Toyota, Iran Kh

Compressed natural gas vehicle is an alternative fuel vehicle that uses compressed natural gas as the fuel rather than gasoline or diesel. CNG, or compressed natural gas, is stored at high pressure, 3,000 to 3,600 pounds per square inch (21 to 25 MPa). The required tank is more massive and costly than a conventional fuel tank. The CNG vehicle’emissions are cleaner, with lower emissions of carbon and lower particulate emissions per equivalent distance traveled. There is generally less wasted fuel.In the next five years, the Global consumption of CNG and LPG Vehicles will maintain about 10.85% annual growth rate.

The global average price of CNG and LPG vehicles is in the decreasing trend, from14.4 K USD/Unit in 2013 to 12.8 K USD/Unit g in 2018. With the situation of global economy and more company enter this industry; prices will be decreasing trend in the following five years.MENA is a large consumption place, with a consumption market share nearly 27.85%. Following south Asia, China is another important consumption place with the consumption market share of 15.03% in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market by product type, application, key manufacturers and key regions.

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Over the next five years the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles will register a 9.7% CAGR in terms of revenue, reach US$ 6530 million by 2025, from US$ 3740 million in 2017.

To calculate the market size, Information considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Passenger Vehicle
Commercial Vehicle

Segmentation by application:
Home Use
Commercial Use

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Fiat Chrysler
Volkswagen
Ford
General Motors
Toyota
Iran Khodro
Nissan
Volvo Group
Hyundai
Honda
Suzuki
Mercedes-Benz
Renault
PSA
Great Wall Motors

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This report also splits the market by region: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries & Others.

Research objectives
1.To study and analyze the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
2.To understand the structure of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market by identifying its various subsegments.
3.Focuses on the key global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
4.To analyze the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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