Automotive Natural Gas Vehicle Market Analysis, Growth By Top Companies, Trends By Types And Forecast To 2022-2031

As per the report published by Allied Market Research, the global automotive natural gas vehicle market was accounted for $11.1 billion in 2021, and is estimated to reach $20.4 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

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 Covid-19 scenario:

The Covid-19 pandemic resulted in supply chain disruptions which led to low sales of passenger cars and temporary suspension of production of vehicles across the globe.
However, post-pandemic, only a few companies have witnessed growth in sales of natural gas-based vehicles. This will impact the market growth for a long time.
The report divides the global automotive natural gas vehicle market on the basis of fuel type, vehicle type, and region.

Based on fuel type, the CNG segment held the largest share in 2021, accounting for nearly 90% of the market. However, the LNG segment is projected to manifest the highest CAGR of 9.3% during the forecast period.

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 The global automotive natural gas vehicle market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion's share in 2021, accounting for more than half of the market. However, the market across North America is anticipated to showcase the highest CAGR of 8.5% during the forecast period.

The global automotive natural gas vehicle market includes an in-depth analysis of the prime market players such as BMW Group, Honda Motor Co., Ltd., Ford Motor Company, Nissan Motor Co., Ltd., Mercedes-Benz Group AG, Volkswagen AG, Toyota Motor Corporation, Tata Motors, AB Volvo, Cummins, Inc., Navistar, Inc., and CNH Industrial.

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About Allied Market Research

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