Global automotive natural gas vehicle market is set to witness a stable CAGR in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. Rising application of natural gas is the major factor for the growth of this market.
The statistical and numerical data that has been included in the report is represented with the tables, graphs and charts which eases the understanding of facts and figures. In automotive natural gas vehicle report; a systematic investment analysis has been performed which forecasts impending opportunities for the market players. A competent data and brilliant forecasting techniques used in this report are synonymous with accurateness and correctness.Automotive natural gas vehicle report is a meticulous analysis of existing scenario of the market, which covers several market dynamics. The market study of this report takes into consideration a market attractiveness analysis, where each segment is benchmarked based on its market size, growth rate, and general attractiveness
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Key Market Competitors:
Few of the major competitors currently working in the global automotive natural gas vehicle market are Agility, AB Volvo, Foton Motor Inc., CNH Industrial N.V., Clean Energy Fuels, Cummins Inc, PACCAR Inc., Navistar, Inc, Quantum Fuel Systems LLC., Westport Fuel Systems Inc., Daimler AG., Landi Renzo S.p.a, Westport, ISUZU MOTORSLIMITED, General Motors, Caterpillar, Volkswagen AG, TOYOTA MOTOR CORPORATION.
Rising demand for cost- efficient fuel alternative is driving the growth of this market
Increasing concern for environmental security is another factor driving the growth of this market
Increasing applications of natural gas is the major factor for the growth of this market.
High price of the automotive natural gas vehicle is restraining the market growth
Lack of awareness about automotive natural gas vehicle among population is another important factor restraining the market growth
Key Developments in the Market:
In March 2017, BPl.c have partnered with the Clean Energy so that together they can expand the capabilities of renewable natural gas transportation fueling. The BP will acquire the upstream RNG business so that they can support the firm’s renewable natural gas business. The main aim is to meet the growing requirement of the renewable natural gas.
In May 2017, Total announced that they have acquired PitPoint B.V. The main aim of the acquisition is to expand them in the natural gas vehicle fuel sector so that they can serve better service to the trucking and professional transporting industry. This is a part of the Total’s strategy to enhance their low- carbon business by advancement and development in the natural gas.
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Segmentation:Global Automotive Natural Gas Vehicle Market
By Fuel Type
Compressed Natural Gas
Liquefied Natural Gas
By Vehicle Type
Light-Duty & Heavy-Duty Buses and Trucks
Middle East & Africa
Competitive Analysis: Global Automotive Natural Gas Vehicle Market
Global automotive natural gas vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive natural gas vehicle market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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