Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market In 2021-2027 Including Top Key Players, Trends And Emerging Growth Factors

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In 2020, the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market size was US$ 4546 million and it is expected to reach US$ 7773.2 million by the end of 2027, with a CAGR of 7.9% during 2021-2027.

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Top Leading Companies of Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market are - Fiat Chrysler, Volkswagen, Ford, General Motors, Toyota, Iran Khodro, Nissan, Volvo, Hyundai, Honda, Suzuki, Mercedes-Benz, Renault, PSA, Great Wall Motors and others.

Market Overview:

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’s emissions are cleaner, with lower emissions of carbon and lower particulate emissions per equivalent distance traveled. There is generally less wasted fuel. Two gaseous fuels that can be used in spark-ignition engines are Liquefied Petroleum Gas (LPG) and natural gas. Natural gas is a naturally occurring mixture of hydrocarbons consisting of at least 80% methane, with lesser amount of propane ethane and butane. LPG is also a mixture of hydrocarbons, but its main constituent is propane, with lesser amounts of ethane and butane.
Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles key players include Fiat Chrysler, Volkswagen, General Motors, Ford, Iran Khodro, etc. Global top five manufacturers hold a share about 80%. Middle East and North Africa is the largest market, with a share about 25%, followed by South Asia and South America, both with a share about 20 percent. In terms of product, Passenger Vehicle is the largest segment, with a share about 90%. And in terms of application, the largest application is Home Use, followed by Commercial Use.

On The Basis of Types: -

Passenger Vehicle

Commercial Vehicle

On The Basis of Application: -

Home Use

Commercial Use

Regions Are covered By Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Report 2021 To 2027

For comprehensive understanding of market dynamics, the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market is analyzed across key geographies namely: North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market

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-Comprehensive assessment of all opportunities and risk in the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market.
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-In-depth understanding of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market.

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Important Features that are under offering and key highlights of the report:

- Detailed overview of the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market performance
- Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2015 to 2020 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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