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

Yachts Charter Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2761 | Report Format:

Global Yachts Charter Market: Overview Yacht charting mainly represents the practice of taking a yacht on rent for traveling to any island destinations as it offers all the lavish comforts anyone would wish to have. They are majorly hired for holidays and corporate functions. The two important t...Read More

Forestry And Agricultural Tractor Sales Market by Drive Type (4-Wheel Drive and 2-Wheel Drive); By Power (Below 10 kW, 10-30 kW, 30-50 kW, and Above 50 kW); and By Application (Forestry and Agricultural) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025

Apr-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2739 | Report Format:

Report Brief The report covers forecast and analysis for the forestry and agricultural tractor sales (FATS) market on a global and regional level. The report also provides historical data of the market for better understanding the dynamics and trends prevalent in the market. The report include...Read More

Autonomous Car Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2706 | Report Format:

Global Autonomous Car Market: Overview A driverless car or self-driving car or be it robotic cars has the potential of sensing its nearby places while driving on streets and navigating devoid of any human support/input. Autonomous cars are already installed with control systems which help them t...Read More

IoT Fleet Management Market by Platform (Device management and Application Enablement Platform (AEP)); by Services (Professional and Managed); by Solutions (Drive Time Analysis, Driver Information System, Fleet Analytics, Fuel Management, Remote Diagnostics, Routing Management, Tracking and Monitoring, and Vehicle Maintenance); by Cloud Deployment Model (Hybrid, Private, and Public); by Fleet Type (Commercial Vehicles (CV), Passenger Cars (PC), and Public Buses): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2024

Mar-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2701 | Report Format:

Report Brief The report covers the forecast and analysis for the IoT fleet management market on a global and regional level. The report includes the positive and the negative factors that are influencing the growth of the market. Market opportunities are discussed in detail. The key target au...Read More

Automated Parcel Delivery Terminals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2685 | Report Format:

Global Automated Parcel Delivery Terminals Market: Overview Automated parcel delivery terminals are gradually becoming the ideal substitute delivery solution as it supports in decreasing the expenditure gained in the logistics chain. In addition, it helps in the good organization in deliveries a...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.