Automotive Natural Gas Vehicle Market Size, Share 2020, Impressive Industry Growth Report 2027

The Automotive Natural Gas Vehicle Market demand was valued at 29,793.76 thousand in 2020 and is expected to grow at a CAGR of 3% from 2021 to 2027. Natural gas is gaining popularity around the world as an alternative fuel. Compared to conventional fuels such as gasoline and diesel, availability is easy, vehicle emissions are low and cost is low. The growing need for alternative fuel solutions in the transportation sector is encouraging players in the transportation industry to adopt LNG (Liquefied Natural Gas) trucks for their operations. As a result, there is an increasing demand for LNG vehicles in the transportation industry. Moreover, the government's growing initiative to develop natural gas distribution infrastructure is expected to increase demand for natural gas vehicles (NGVs) during the forecast period.

A full report of Automotive Natural Gas Vehicle Market available at https://www.orionmarketreports.com/automotive-natural-gas-vehicle-market/31125/

Automotive Natural Gas Vehicle Market Segmentations

By Vehicle Type

• Medium duty commercial vehicles
• Heavy dutycommercial vehicles

By Fuel Type

• CNG
• LNG

Key Market Players

• Agility Fuel Solutions
• AB Volvo
• Beiqi Foton Motor Co., Ltd.
• CNH Industrial N.V.
• Clean Energy Fuels
• Cummins, Inc.
• PACCAR, Inc.
• Navistar, Inc.
• Quantum Fuel Systems LLC
• Westport Fuel Systems Inc.

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

The report covers the following objectives:

• Proliferation and maturation of trade in the Automotive Natural Gas Vehicle Market.
• The market share of the Automotive Natural Gas Vehicle Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Automotive Natural Gas Vehicle Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Automotive Natural Gas Vehicle Market.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Automotive Natural Gas Vehicle Market Report

• What was the Automotive Natural Gas Vehicle Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Automotive Natural Gas Vehicle Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Automotive Natural Gas Vehicle Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

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Contact Person: Mr. Anurag Tiwari
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Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.