Automotive Natural Gas Vehicle Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Request Brochure Request Discount

Report Code: ZMR-1100 | Report Format : | Status : Upcoming |

Abstract

Global Automotive Natural Gas Vehicle Market: Overview

An alternative fuel vehicle that utilizes liquefied natural gas or natural gas as a cleaner alternative to other fossil fuels is known as a natural gas vehicle. Vehicles powered by propane possess fundamentally different composition and are different from natural gas vehicles. As crude oil reserves are rapidly depleting, many developing nations extensively depend on foreign countries for oil export. Owing to this, governments are focusing on controlling their export spending, which results in high demand for abundantly and inexpensively available natural gas. Natural gas is considered environment-friendly and leads to the economic growth of the country.

Global Automotive Natural Gas Vehicle Market: Growth Factors

Various initiatives are taken by the governments to encourage the use of natural gas; this is anticipated to contribute to the global automotive natural gas vehicle market growth in the near future. In addition, companies are highly investing in the renewable sources such as natural gas as the cleaner alternative for fuel, which has created ample opportunities for the global market. Vehicle owners are focusing on the acceptance of the environment-friendly and cleaner source of fuel at low cost leading to the enormous increase in the demand for automotive natural gas vehicle globally. Natural gas also offers various advantages whereas liquefied natural gas and compressed natural gas are produced from it providing many environmental benefits to consumers. This is expected to fuel the global market growth in future.

Global Automotive Natural Gas Vehicle Market: Segmentation

The global automotive natural gas vehicle market is categorized based on vehicle type as commercial and passenger. On the basis of fuel type, the global market is classified as liquefied natural gas and compressed natural gas. Furthermore, the automotive natural gas vehicle market is segregated based on geography as Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Global Automotive Natural Gas Vehicle Market: Regional Analysis

Asia Pacific is the dominating region for automotive natural gas vehicle market as it accounted for the largest market share. Latin America comes second in the global ranking, as almost all vehicles in this region have bio-fuel engines that allow vehicles to run on either gasoline or CNG. Use of natural gas vehicles provides fuel efficiency and significant savings over the life of the vehicle boosting the global market growth in North America. The automotive natural gas vehicle is costly due to the cost of installation high-pressure insulated fuel tank, which facilitates fuel extraction from CNG or LPG. The emission from of the automotive natural gas vehicle is comparatively lower than diesel and gasoline counterparts. This will help in reduction of dangerous pollutants such as nitrogen gas, non-methane organic gas, carbon monoxide, and carbon dioxide and result in rising demand for automotive natural gas vehicle in the Middle East and Africa.

Global Automotive Natural Gas Vehicle Market: Competitive Players

Major players in the global automotive natural gas vehicle market are Volkswagen AG, Isuzu Motors Ltd., Suzuki Motor Corporation Ltd., Caterpillar Inc., and Honda Motor Company Ltd. Other players include AB Volvo, Ford Motor Company, General Motors Company, Toyota Motor Corporation, and Renault SA.

Global Automotive Natural Gas Vehicle Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Automotive Wiring Harness Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-3331 | Report Format:

Automotive Wiring Harness Market: Overview The automotive wiring harness is an electrical assembly of wires and cables that transmit electrical power or signals in automobiles. It is bound together by straps, cable ties, sleeves, cable lacing, electrical tape, or a combination of these systems. ...Read More

Automotive Windshield Washer Fluid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2024

Price : $ 3999.00 | Report Code: ZMR-3330 | Report Format:

Automotive Windshield Washer Fluid Market: Overview Windshield washer fluid is a liquid used in motor vehicles for the purpose of cleaning, washing, and wetting. It is used in cleaning the windshield with the windshield wiper while the vehicle is being driven. The windshield washer system helps ...Read More

Small Electric Vehicle Market by Vehicle Type (2 or 3 Wheeler, Passenger Cars, and Light Commercial Vehicle), by Technology (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Battery Electric Vehicle), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Aug-2018 | Price : $ 4899.00 | Pages: 152 | Report Code: ZMR-3293 | Report Format:

The report analyzes and forecasts the small electric vehicle market on a global and regional level. The study offers historical data for the past three years along with forecast from 2018 to 2024 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers ...Read More

Automotive Upholstery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Price : $ 3900.00 | Report Code: ZMR-3216 | Report Format:

Global Automotive Upholstery Market: Overview Trimming up the vehicles interior and recovering of the seats is mainly referred to as automotive upholstery. Use of lightweight materials, padding, springs, fabrics, quality leather for the furniture especially seats inside the vehicle or automobile...Read More

Automotive Radar Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2024

Price : $ 3900.00 | Report Code: ZMR-3215 | Report Format:

Automotive Radar Market: Overview Automotive radars are generally used to locate objects, such as vehicles and pedestrians, in the area of thecar. Automotive radar consists of a transmitter which sends out radio waves that hit an object to the receiver and the receiver controls the movement or t...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.