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

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 Defogger System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2099 | Report Format:

Automotive Defogger System Market: Overview The automotive defogger system provides the facility of clearing the frost and the condensation from the back glass, side windows or windshield of an automobile. The primary functionality of the automotive defogger system is to enhance the visibility a...Read More

VVT Actuators Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2096 | Report Format:

VVT Actuators Market: Overview With the help of the VVT actuators, the following mechanisms are enabled such as forwarding or delaying the valve timings and also changing or overlapping or even lifting valves in some application areas. The VVT actuators provide the control over the valve timings...Read More

Automotive Dynamic Spotlight Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2089 | Report Format:

Automotive Dynamic Spotlight Market: Overview The use of the automotive dynamic spotlight helps the driver in identifying the threats that are present on the road and avoids collision with it. With the help of the automotive dynamic spotlight which consists of the advanced night-vision enhanceme...Read More

Automotive Coolant Reservoir Tank Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2088 | Report Format:

Automotive Coolant Reservoir Tank Market: Overview The alternative name for the automotive coolant reservoir tank is automotive coolant expansion tank. The automotive coolant reservoir tank regulates the excess coolant that is generated when the engine is heated. When the temperature of the engi...Read More

Hydraulic Cab Tilt System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2083 | Report Format:

Hydraulic Cab Tilt System Market: Overview The hydraulic cab tilt system is mainly used for tilting the cabin for the engine serviceability; it also enables to take out the accessories and engine without any hindrance. A standard cab tilting system will contain a tilt cylinder, a hydraulic pump,...Read More

Choose License Type:
Latest Published Reports

View All Published Reports