Press release
Growing Use of Compressed Natural Gas (CNG) in Luxury Vehicles Market To Grow At 4.9% CAGR To 2021
About Compressed Natural Gas (CNG) Vehicles
CNG vehicles: CNG is a fuel that is used as a substitute for gasoline, diesel, and liquified petroleum gas (LPG). It is s lighter than air and disperses quickly when released. It is mainly used in motor vehicles and locomotives.
Technavios analysts forecast the global compressed natural gas (CNG) vehicles market to grow at a CAGR of 4.9% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global compressed natural gas (CNG) vehicles market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, and volume of the aftermarket.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Compressed Natural Gas (CNG) Vehicles Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ford Motor
Volkswagen
General Motors (GM)
Honda Motor
Nissan
Other prominent vendors
Audi
Chevrolet
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Market driver
Growth in CNG market in APAC
For a full, detailed list, view our report
Market challenge
Huge unorganized aftermarket for CNG vehicles in India
For a full, detailed list, view our report
Market trend
Growing use of CNG in luxury vehicles
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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