Yahoo Finance Global automotive natural gas vehicle market size to expand at 3.5% CAGR over 2020-2027
The latest ‘global automotive natural gas vehicle market’ report is designed to help stakeholders gain a thorough understanding of the business conditions and tendencies during 2020-2027.
Selbyville, Delaware, Jan. 25, 2021 (GLOBE NEWSWIRE) -- According to industry experts and seasoned forecasters, worldwide automotive natural gas vehicle market is anticipated grow substantially during 2020-2027, registering a CAGR of 3.5% throughout. Rising environmental concerns, increasing number of regulations by governments toward lowering carbon emissions, and growing necessity to reduce fuel cost are projected to drive the industry growth over the forecast period.
Taking the analysis further, in-depth segmentation studies including fuel type, vehicle type, and geographical bifurcation are furnished in the document. Moreover, the study scrutinizes the current top players, forthcoming contenders, as well as new entrants with respect to their business strategies, joint ventures, mergers & acquisitions, and other key developments. Additionally, it explicates the industry supply chain, inclusive of the upstream & downstream basics and distribution channels.
Notably, automotive natural gas vehicles are powered by using compressed natural gas and liquefied natural gas. Natural gas emits lower GHG emission in comparison to conventional fuels like gasoline and diesel. Moreover, natural gas are comparatively cheaper, which is further motivating the adoption of CNG and LNG vehicles. On the contrary, high cost of such vehicles is negatively impacting the business landscape. Nonetheless, developing customer consciousness regarding the hazardous effects of greenhouse gases will stimulate global automotive natural gas vehicle market growth in the upcoming years.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/3172712/
Market segmentation:
Based on fuel type, global automotive natural gas vehicle industry is spit into LNG and CNG. Liquified natural gas is an odorless, colorless, and non-toxic form of natural gas cooled down to a liquid state, which makes it easier for transportation and storage. Likewise, compressed natural gas is also a non-toxic product made by compressing methane under high pressure.
Considering vehicle type, the industry is fragmented into passenger vehicles, three-wheelers, and light-duty & heavy-duty buses and trucks. Of these, passenger vehicles segment is expected to witness a steady growth, largely creditable to early adoption of natural gas in public transportation vehicles like buses and taxis.
Geographical outlook:
Asia Pacific, North America, Latin America, and Europe are the key contributors to the overall automotive natural gas vehicle market remuneration. Trusted sources cite that Asia Pacific currently accounts for majority of the industry share and is expected to maintain a strong growth over the assessment period, attributable to ongoing development of natural gas infrastructure. Moreover, favorable government initiatives and presence of booming automotive industry, particularly in emerging economies like India and China are promulgating the regional industry growth.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
Global Automotive Natural Gas Vehicle Market Fuel Type Sub-Segments (Revenue, USD Billion, 2017-2027)
LNG
CNG
Global Automotive Natural Gas Vehicle Market Vehicle Type Sub-Segments (Revenue, USD Billion, 2017-2027)
Passenger Vehicles
Three-wheelers
Light-duty & Heavy-duty Buses and Trucks
Global Automotive Natural Gas Vehicle Market Geographical Fragmentation (Revenue, USD Billion, 2017-2027)
North America
United States
Canada
Europe
Germany
United Kingdom
Spain
France
Italy
Rest of Europe
Asia Pacific
India
Japan
China
Australia
South Korea
Rest of APAC
Latin America
Mexico
Brazil
Rest of the World
Global Automotive Natural Gas Vehicle Market Competitive Dashboard (Revenue, USD Billion, 2017-2027)
Westport Fuel Systems, Inc.
Quantum Fuel Systems LLC
Navistar, Inc.
PACCAR, Inc.
Cummins, Inc.
Clean Energy Fuels Corp.
CNH Industrial N.V.
Beiqi Foton Motor Co., Ltd.
AB Volvo
Agility Fuel Solutions LLC
Audi AG
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Automotive Natural Gas Vehicle Market, by Region, 2018-2027 (USD Billion)
1.2.2. Automotive Natural Gas Vehicle Market, by Fuel Type, 2018-2027 (USD Billion)
1.2.3. Automotive Natural Gas Vehicle Market, by Vehicle Type, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Natural Gas Vehicle Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Natural Gas Vehicle Market Dynamics
3.1. Automotive Natural Gas Vehicle Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Automotive Natural Gas Vehicle Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Natural Gas Vehicle Market, By Fuel Type
5.1. Market Snapshot
5.2. Global Automotive Natural Gas Vehicle Market by fuel type outlook, Performance - Potential Analysis
5.3. Global Automotive Natural Gas Vehicle Market Estimates & Forecasts by fuel type outlook 2017-2027 (USD Billion)
5.4. Automotive Natural Gas Vehicle Market, Sub Segment Analysis
5.4.1. CNG
5.4.2. LNG
Chapter 6. Global Automotive Natural Gas Vehicle Market, by Vehicle Type
6.1. Market Snapshot
6.2. Global Automotive Natural Gas Vehicle Market by vehicle type outlook, Performance - Potential Analysis
6.3. Global Automotive Natural Gas Vehicle Market Estimates & Forecasts by vehicle type outlook 2017-2027 (USD Billion)
6.4. Automotive Natural Gas Vehicle Market, Sub Segment Analysis
6.4.1. Passenger Vehicles
6.4.2. Light-duty & Heavy-duty Buses and Trucks
6.4.3. Three-wheelers
Chapter 7. Global Automotive Natural Gas Vehicle Market, Regional Analysis
Related Report:
Automotive Operating Systems Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
The automotive operating system market is likely to register significant gains in coming years owing to the shifting consumer inclination towards connected cars, increasing sales of luxury vehicles, and adoption of sophisticated digital cockpit technologies. An Operating system is basically a software which acts as an interface between the computer hardware and the end user. Operating systems has been there in cars for several years now, from built-in in-car entertainment menus on the first ever digital stereos to satellite navigation systems which are present in new cars these days. Meanwhile, automotive operating system industry in Middle East & Africa will witness a CAGR of more than 15% over the forecast time period. This growth is ascribed to the increasing sales of luxury vehicles along with the use of sophisticated digital cockpit technologies.
About US:
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
CONTACT: Contact Us: Corporate Sales, Market Study Report LLC Phone: 1-302-273-0910 Toll Free: 1-866-764-2150 Email: sales@marketstudyreport.com News: https://www.newsorigins.com/
