Press release
Impact Analysis of COVID-19 on Automotive Natural Gas Vehicle Market | Research Report, Global Analysis, Opportunities and Forecast till 2023
Automotive Natural Gas Vehicle Market
Depletion in natural oil resources is a major factor that is expected to promote the growth of the Automotive Natural Gas Vehicle Market growth, revealed Market Research Future (MRFR). As per the revised report published by MRFR on the global Automotive Natural Gas Vehicle Market , it states that the market is likely to be driven by a 6 % CAGR over the forecast period of 2020-2023.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5750
Industry News
September 2019
Landi Renzo, an Italy based producer of compressed natural gas and autogas kits for automobiles, announced its partnership with Los Angeles World Airports, airport authority that is the owner and the operator of Van Nuys Airport and Los Angeles International Airport in Los Angeles. The pact to result in facilitating compressed natural fueling (CNG) systems to airport fleet.
Isuzu Motors South Africa (IMSAF), Tokyo-based, Africa manufacturer of diesel engine and commercial vehicle, to evaluate alternative propulsion technologies in two types of trucks to study the natural gas vehicle market growth in Africa.
Market Insights
Degrading environmental condition is expected to boost the global automotive naturals gas vehicle market. Declining quality of air is inducing several health conditions such asthma, COPD, and others in people. Recently, an increase in carbon footprint due to automobile population is noted. The rise in need for environmental pollution reduction is escalating the sales of natural gas-fueled automobiles. This factor is anticipated to drive the automotive naturals gas vehicle market growth, globally. In addition, the growing geriatric population, intolerant to environmental pollution, is also likely to cast a positive impact on the market growth.
The exploitation of fossil fuel is a rising concern. This is noted to trigger the shift from diesel or petrol driven automobiles to natural gas-fueled cars among people. Natural gas is a renewable source of energy. This eliminates the exhaustiveness demerit of fossil fuel. Technical advancements are making the extraction process of natural fuel seamless that is resulting in price cut-down. Hence, the Automotive Natural Gas Vehicle Market is expected to gain momentum over the forecast period.
Browse Report @ https://www.marketresearchfuture.com/reports/automotive-natural-gas-vehicle-market-5750
Segmental Overview
The segmental study of the global market has been done on the basis of fuel type and vehicle type. Based on fuel type, the Automotive Natural Gas Vehicle Market has been divided into CNG and LNG. Based on the vehicle type segment the Automotive Natural Gas Vehicle Market has been segmented into light-duty, medium-duty, and heavy-duty.
Regional Outlook
The regional analysis of the Automotive Natural Gas Vehicle Market covers Europe, the Americas, Asia Pacific, and the Rest of the World (RoW).
China is experiencing high demand for natural gas fuel refilling. The large population of the region is boosting the sales of the automobiles. As a result, the government is taking strict measures to reduce rising environmental pollution. Consequently, a greater number of people are opting for LNG or CNG over diesel and petrol, which is expected to promote the Automotive Natural Gas Vehicle Market growth. MRFR asserts that the market in the Asia Pacific region is expected to exhibit robust growth pattern in the upcoming years due to practice of stringent environmental pollution control practices. The Automotive Natural Gas Vehicle Market in North America is anticipated to be driven by an increase in the sales of natural gas fueled vehicles.
Key Players
Westport (Canada), AB Volvo (Sweden), Dongfeng Motors Group Limited (China), Shaanxi Automobile Group Limited (China), Beiqi Foton Motors Group Limited (China), CNH Industrial NV (The Netherlands), Landi Renzo (Italy), and Daimler AG (Germany) are strong contenders that are functional in the global market of Automotive Natural Gas Vehicle Market .
Browse More Automotive Research Reports
Automotive Digital Instrument Cluster Market Research Report - Forecast to 2023 - https://www.marketresearchfuture.com/reports/automotive-digital-instrument-cluster-market-5710
Automotive Electronic Control Unit Market Research Report - Global Forecast to 2023 - https://www.marketresearchfuture.com/reports/automotive-electronic-control-unit-market-4835
Automotive Engine Encapsulation Market Research Report – Forecast to 2023 - https://www.marketresearchfuture.com/reports/automotive-engine-encapsulation-market-6148
Automotive Gear Shift System Market Research Report – Forecast to 2023 - https://www.marketresearchfuture.com/reports/automotive-gear-shift-system-market-6173
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Impact Analysis of COVID-19 on Automotive Natural Gas Vehicle Market | Research Report, Global Analysis, Opportunities and Forecast till 2023 here
News-ID: 2100769 • Views: …
More Releases from Market Research Future
Denim Market Size By 2035 with 5.25 USD Billion in 2025 to 132.4 USD Billion, Du …
Denim Market Size Grow at a 75.25 USD Billion in 2025 to 132.4 USD Billion by 2035, CAGR of 5.81% By 2025 - 2035
Global Denim Market is entering a new phase of transformation as consumer demand, fashion cycles, and sustainable innovation continue to reshape the industry. Denim, once considered a classic wardrobe staple, has evolved into a versatile, fashion-driven category supported by innovations in fabric technology, eco-friendly production, and shifting…
Humanoid Robots Market Size to Reach USD 13.8 Billion by 2032, Growing at 50.2% …
The global Humanoid Robots Market is projected to reach USD 13.8 Billion by 2032, growing at a robust CAGR of 50.2% during the forecast period from 2024 to 2032.
Driven by advancements in artificial intelligence, machine learning, and machine vision, humanoid robots-designed with human-like characteristics-are witnessing widespread adoption across healthcare, education, space exploration, and service industries. These robots are enhancing operational efficiency, performing complex tasks, and improving customer engagement across multiple…
Vertical Farming Market Expansion: USD 9.023 Billion in 2025 Growing to USD 58.8 …
The Vertical Farming Market was estimated at USD 7.48 Billion in 2024 and is projected to grow from USD 9.023 Billion in 2025 to USD 58.83 Billion by 2035, exhibiting a robust CAGR of 20.62% during the forecast period from 2025 to 2035.
Driven by increasing demand for sustainable agriculture, urbanization, and technological advancements in controlled-environment farming, vertical farming solutions are seeing widespread adoption across commercial, industrial, and urban agriculture sectors.
Key…
Robotics Market Trends and Forecast: USD 74,120.70 Million in 2024 Expected to H …
The Robotics Market was valued at USD 74,120.70 Million in 2024 and is projected to reach USD 476,019.67 Million by 2035, growing at a robust CAGR of 18.4% during the forecast period from 2024 to 2035.
Driven by advancements in medical robots, growing industrial robotics adoption, and the development of AI technologies, robotics solutions are witnessing widespread adoption across healthcare, manufacturing, logistics, and service sectors. Despite challenges like high initial costs…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
