Press release
Automotive Natural Gas Vehicle Market to Witness Robust Expansion by 2025
This report focuses on the key global Automotive Natural Gas Vehicle players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Natural Gas Vehicle with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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A natural gas vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). Natural gas vehicles should not be confused with vehicles powered by LPG (mainly propane), which is a fuel with a fundamentally different composition.
Natural gas vehicles play an important role in business and personal use.Huge downstream demand has driven production of natural gas vehicles.The main sales markets are located in the asia-pacific region dominated by China and South America.After sweeping the asia-pacific region, South America, North America and Europe also have a strong procurement market.Asia-pacific is the region with the largest consumption of natural gas vehicles, with a market share of more than 50 percent in 2019.
In 2019, the market size of Automotive Natural Gas Vehicle (NGV) is 6582.1 million US$ and it will reach 11300 million US$ in 2025, growing at a CAGR of 7.5% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
Market Segment by Manufacturers, this report covers
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Iran Khodro
Volvo Group
PSA
C&C Truck
Market Segment by Type, covers
CNG Vehicle
LNG Vehicle
Market Segment by Applications, can be divided into
Passenger Cars
Commercial Vehicle
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Related Information:
North America Automotive Natural Gas Vehicle Market Growth 2019-2024
United States Automotive Natural Gas Vehicle Market Growth 2019-2024
Asia-Pacific Automotive Natural Gas Vehicle Market Growth 2019-2024
Europe Automotive Natural Gas Vehicle Market Growth 2019-2024
EMEA Automotive Natural Gas Vehicle Market Growth 2019-2024
Global Automotive Natural Gas Vehicle Market Growth 2019-2024
China Automotive Natural Gas Vehicle Market Growth 2019-2024
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