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CNG and LPG Vehicles Market Emerging Trends and Competitors Insight | Ford, Suzuki Motor Corporation, Fiat Chrysler Automobiles NV, Honda Motor Company, Volkswagen Group, Hyundai Motor Group, General Motors, Groupe Renault, Kia Motors, Mercedes Benz
CNG and LPG Vehicles Market Emerging Trends
Worldwide CNG and LPG Vehicles Market is seeing a sound development rate in the estimate to 2026 because of the ascent in the consciousness of low discharging fuel options, alongside the ascent in costs of other accessible fuel options.
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As U.S. natural-gas prices have fallen and supplies have increased in recent years, compressed-natural-gas (CNG) vehicles are garnering renewed attention. Major automakers, such as Ford Motor Company and General Motors Company, announced plans for a half-dozen different vehicle models powered by CNG.
The Asia-Pacific is projected to endure its control on the global CNG and LPG vehicles market followed by Europe and North America.
The initial cost of purchasing a natural gas vehicle is more than that of a gasoline vehicle; however, this cost is expected to reduce in the forecast period due to the increasing number of natural gas vehicle manufacturers.
Ascend in selection of CNG and LPG vehicles because of the natural corruption and an unnatural weather change caused with the utilization of options is relied upon to go about as a driver for the market development
Ascend in costing of raw petroleum affecting the costs of oil and diesel bringing about the significant expense is likewise expected to drive the market development
Top Key Players
Ford,
Suzuki Motor Corporation,
Fiat Chrysler Automobiles NV,
Honda Motor Company,
Volkswagen Group,
Hyundai Motor Group,
General Motors Company,
Groupe Renault,
Kia Motors Corporation,
Mercedes-Benz,
The Volvo Group,
Isuzu Motors,
Toyota Motor Corporation and
Mitsubishi Motors Corporation
Key Market Segmentation
By Type
CNG,
LPG
By Vehicle Type
Commercial Vehicles,
Passenger Vehicles
Geography
North America,
South America,
Europe,
Asia-Pacific,
Middle East and Africa
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