Automotive Natural Gas Vehicles Industry 2019 Market Size, Trends, Share, Growth Insight, Statistics, Competitive, And Regional Analysis With Forecast To 2023

Apr 8, 2019

Automotive Natural Gas Vehicles Market To Rise At 6% CAGR By 2023, according Global Automotive Natural Gas Vehicles Market 2019 Global Industry Forecast To 2023 Research Report published by Market Research Future.

Pune, India - April 8, 2019 /MarketersMedia/ —

Global Automotive Natural Gas Vehicles Market Growth is attributed to factors such as lower fuel cost, reduction in greenhouse gas emission, and production of less carbon dioxide per unit of energy consumed. Report analyzes Automotive Natural Gas Vehicles Industry by segments such as Fuel Type (CNG and LNG), Vehicle Type (Light-duty, Medium-duty, and Heavy-duty), and Region.

Automotive Natural Gas Vehicles Market Key Companies Analyzed:

Dongfeng Motors Group Limited (China), AB Volvo (Sweden), Beiqi Foton Motors Group Limited (China), Shaanxi Automobile Group Limited (China), Daimler AG (Germany), and CNH Industrial NV (The Netherlands), Landi Renzo (Italy), and Westport (Canada).

Get Free Sample Of "Automotive Natural Gas Vehicles Industry - Global Market Research Report - Forecast to 2023" At: https://www.marketresearchfuture.com/sample_request/5750

Global Automotive Natural Gas Vehicles Market Highlights:

The demand for natural fuel alternatives in vehicles is resurging currently due to new factors that are shaping the overall market. Market reports linked to the automobile industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is set to demonstrate a 6 % CAGR in the upcoming forecast period.

Natural gas vehicle enjoys significant advantages over gasoline and diesel propelled vehicles, such as long-term price stability, very narrow flammability range, high auto-ignition temperature, relatively cheap, and simplified fuel system. These fuel characteristics make natural gas favorable to use in high-duty vehicles. Recently, natural gas production is increased due to technology advancement in natural gas extraction method. This leads to a reduction of commodity price for natural gas. The price fluctuation of natural gases is minimum as compared to crude oil price fluctuation. The rise in crude oil prices and emission of greenhouse gasses will enable the fleet operators to adopt natural gas vehicle.

The surge in the extraction of natural gas production is rising owing to technology progress in natural gas extraction methods. The market is on an upward growth curve and is yet to penetrate in various regions and user segments, this fact presents high opportunities for development of the market in the coming years. Investments in vehicles and retail infrastructure are expected to create positive returns although temporary government support may be needed to create an NGV market. Lesser fuel price, a decrease in greenhouse gas emission, and making of less carbon dioxide per unit of energy used is expected to impel market growth in the forecast period.

Regional Analysis:

The market is segmented based on America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future, due to the largest market share for commercial vehicle and fleet operators. For instance, China is showing growth in refueling infrastructure for CNG and LNG fuel. The America region is second to the Asia Pacific region in the automotive natural gas vehicle market due to increase in the adoption rate of the natural gas driven vehicle.

Market Segments Analysis:

The segmentation of the automotive natural gas vehicle market is carried out on the basis of fuel type, vehicle type, and region.

On the basis of fuel type, the automotive natural gas vehicle market is divided into LNG and CNG.

The vehicle type segment of the market consists of medium-duty, light-duty, and heavy-duty.

The regions included in the market for automotive natural gas vehicle are the Americas, Europe, Asia Pacific and Rest of the world.

Table Of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

Continued...

List Of Tables:

Table 1 Global Automotive Natural Gas Vehicles Market: By Region, 2018-2023

Table 2 North America Market: By Country, 2019-2023

Table 3 Europe Market: By Country, 2019-2023

Table 4 Asia Pacific Market: By Country, 2019-2023

Table 5 RoW Market: By Country, 2019-2023

Continued...

List Of Figures:

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top Down & Bottom Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

Continued...

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: abhishek sawant
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Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
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Website: https://www.marketresearchfuture.com/reports/automotive-natural-gas-vehicle-market-5750

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