The automotive natural gas vehicle market research is a profitable wellspring of savvy information for business strategists. It gives the business diagram development investigation and chronicled and cutting edge cost, income, request and supply information (as relevant). It centers on the approaches to characterize the structures, which distinguishes the different stages for circumstances. Distinctive driving elements are referenced in this automotive natural gas vehicle market research report with top to bottom investigation of automotive natural gas vehicle market. Also, it expounds the restriction factors, to gives an unmistakable picture of testing danger before the ventures. Automotive natural gas vehicle market recognizes the new progressions, and strategies used by the key market players.
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The automotive natural gas vehicle market research report enables clients in many ways as it incorporates key producer, specialist, money related firms and government establishments to make business decisions. The report in all respect is designed in a way that it satisfies the client’s need and helps them to meet their business targets. The report performs crucial analysis so as to give information for making driven choices on discrete issues to structure future methodologies. The vital piece of the market research report intends to give readers a clear evaluation of key market players.
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.
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.
Automotive natural gas vehicle are those vehicle that uses liquefied natural gas and compressed natural gas as the substitute fuels. In these vehicles, the power is usually generated by the ignition of methane gas and oxygen into carbon dioxide and water. These natural gas vehicles are very safe and cheaper as compared to the normal vehicles. Increasing concern among population about the environment safety is major factor for the growth of this market.
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
Table of Contents
5.Global, By Component
By Fuel Type
Compressed Natural Gas
Liquefied Natural Gas
By Vehicle Type
Light-Duty & Heavy-Duty Buses and Trucks
Rest of South America
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
United Arab Emirates
Rest of Middle East & Africa
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.
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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