Automotive Natural Gas Vehicle (NGV) Market Is Set to Fly High in Years to Come | Impact of Inflation On Economic Growth

Automotive Natural Gas Vehicle (NGV) market size is estimated to be worth USD 8530 million in 2021 and is forecast to a readjusted size of USD 13860 million by 2028 with a CAGR of 7.2% during review period.

A natural gas vehicle (NGV) is a vehicle that runs on either compressed natural gas (CNG) or liquefied natural gas as an alternative fuel (LNG). Autogas vehicles that run on liquefied petroleum gas (LPG), primarily propane, a fuel with a fundamentally different composition, should not be confused with natural gas vehicles.

All types of vehicles, including motorbikes, cars, vans, buses, lift trucks, light and heavy duty trucks, trains, ships, and ferries, can run on natural gas. Either an existing gasoline or diesel engine can be converted to run on natural gas, or a specially designed natural gas engine can be used.

In place of diesel and gasoline, an automobile natural gas vehicle runs on compressed natural gas (CNG) or liquified natural gas (LNG). Lift trucks, buses, light and heavy vehicles, motorbikes, cars, vans, and locomotives all frequently use natural gas. Compared to diesel or gasoline, natural gas offers a cost-effective and environmentally beneficial alternative. Worldwide adoption of automotive natural gas cars is currently low, but due to its operational benefits, it is anticipated that adoption will rise with time.

Analytics Market Research has added a new key research reports covering Automotive Natural Gas Vehicle (NGV) market. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the Automotive Natural Gas Vehicle (NGV) market. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Automotive Natural Gas Vehicle (NGV) market. The research report relies on global governing bodies as primary sources of data, with independent analysis of the forecast, and objective estimations of the growth.

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Global Automotive Natural Gas Vehicle (NGV) Market: Major Players
Clean Air Power
Cummins Inc
Agility Fuel Systems
Landi Renzo SPA
Fiat Chrysler Automobiles
CNH Industrial NV
Ford Motor Company
Volkswagen
Westport Fuel Systems Inc
AB Volvo
General Motors
Dongfeng Motor Group Company Limited
Clean Energy Fuels
PACCAR Inc
Honda Motor Company
Hyundai Motor Group
Beiqi Foton Motor Co Ltd
Daimler AG

Global Automotive Natural Gas Vehicle (NGV) Market: By Types
Compressed Natural Gas Vehicle
Liquefied Natural Gas Vehicle

Global Automotive Natural Gas Vehicle (NGV) Market: By Applications
Passenger
Commercial

Global Automotive Natural Gas Vehicle (NGV) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Natural Gas Vehicle (NGV) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Reasons to Purchase this Report
1. Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
2. Provision of market value (USD Billion) data for each segment and sub-segment
3. Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
4. Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
5. Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
6. Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
7. The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
8. Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
9. Provides insight into the market through Value Chain
10. Market dynamics scenario, along with growth opportunities of the market in the years to come

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