Press release
Compressed Natural Gas (CNG) Truck Market Value Projected to Expand by 2029
CNG trucks are commonly used for freight transportation, waste management, and public transportation. They are popular for stop-and-go urban delivery and regional haulage, and are cost-effective due to the lower price of natural gas. Government incentives and regulations may drive wider adoption. As environmental concerns rise, CNG trucks are likely to see increased use in various sectors. The CNG fuel system transfers high-pressure gas from the fuel tank through the fuel lines, where a pressure regulator reduces the pressure to a level compatible with the engine fuel injection system. The adoption of new technology in CNG trucks has further propelled the demand for these vehicles in the market. Some of the technologies that have contributed to the growth of the CNG truck market such as lightweight materials, advanced driver assistance systems, and enhanced storage and range, among others. However, owing to these advantages, market players are comes up with new technology-based CNG trucks to meet the increasing demand in the CNG truck market. For instance, in September 2022, Tata Motors launched India's first range of CNG-powered medium and heavy commercial trucks with Advanced Driver Assistance Systems. The Signa CNG trucks are powered by a 5.7-litre engine and have a driving range of up to 1,000 km. The trucks come equipped with a 7-inch touchscreen infotainment system and ADAS features such as CMS, LDWS, DMS, ESC, and TPMS. The launch is expected to provide a sustainable and cost-effective solution for the transportation of goods in India.
To Request a Sample of our Report on Compressed Natural Gas (CNG) Truck Market: https://www.omrglobal.com/request-sample/cng-truck-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By Application
BY Technology
By End-User Industry
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Includes Volvo Group, Mitsubishi Fuso Truck and Bus Corp., Renault Trucks, Tata Motors Ltd., and Volkswagen AG., among others.
Compressed Natural Gas (CNG) Truck Market Report Segment
By Type
Special Fuel
Dual Fuel
By Application
Light-Duty Vehicle
Medium-Duty Vehicle
Heavy-Duty Vehicle
By Technology
Manual
Semi-Automatic
Automatic
By End-User Industry
Transport
Construction
Mining
Agriculture
A full Report of Compressed Natural Gas (CNG) Truck Market is Available @ https://www.omrglobal.com/industry-reports/cng-truck-market
Compressed Natural Gas (CNG)Truck Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Ashok Leyland
Beiqi Foton Motor Co Ltd
Daimler Truck AG
Dongfeng Motor Corp.
Freightliner Custom Chassis Corp.
Hino Motors, Ltd.
Isuzu Motors Ltd.
Iveco
JAC Motors
Kenworth Truck Co.
Mack Trucks
MAN Truck & Bus AG
Navistar International Corp.
Oshkosh Corporation
Peterbilt Motors Co.
Scania AB
Shaanxi Automobile Group
Western Star Trucks
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/cng-truck-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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