Global Automotive Natural Gas Vehicle Market 2019 Study And Analysis Research Report Forecast To 2025
Automotive Natural Gas Vehicle Market Growth to be Driven by Deteriorating Air Quality. Depletion in natural oil resources is a major factor that is expected to promote the growth of the automotive natural gas vehicle market growth, revealed Market Research Future (MRFR). As per the revised report published by MRFR on the global automotive natural gas vehicle market, it states that the market is likely to be driven by a 6 % CAGR over the forecast period of 2017-2023.
Market Insights
Degrading environmental condition is expected to boost the global automotive naturals gas vehicle market. Declining quality of air is inducing several health conditions such asthma, COPD, and others in people. Recently, an increase in carbon footprint due to automobile population is noted. The rise in need for environmental pollution reduction is escalating the sales of natural gas-fueled automobiles. This factor is anticipated to drive the automotive naturals gas vehicle market growth, globally. In addition, the growing geriatric population, intolerant to environmental pollution, is also likely to cast a positive impact on the market growth.
Segmental Overview
The segmental study of the global market has been done on the basis of fuel type and vehicle type. Based on fuel type, the automotive natural gas vehicle market has been divided into CNG and LNG. Based on the vehicle type segment the automotive natural gas vehicle market has been segmented into light-duty, medium-duty, and heavy-duty.
Regional Outlook
The regional analysis of the automotive natural gas vehicle market covers Europe, the Americas, Asia Pacific, and the Rest of the World (RoW).
China is experiencing high demand for natural gas fuel refilling. The large population of the region is boosting the sales of the automobiles. As a result, the government is taking strict measures to reduce rising environmental pollution. Consequently, a greater number of people are opting for LNG or CNG over diesel and petrol, which is expected to promote the automotive natural gas vehicle market growth. MRFR asserts that the market in the Asia Pacific region is expected to exhibit robust growth pattern in the upcoming years due to practice of stringent environmental pollution control practices. The automotive natural gas vehicle market in North America is anticipated to be driven by an increase in the sales of natural gas fueled vehicles.
Key Players
Westport (Canada), AB Volvo (Sweden), Dongfeng Motors Group Limited (China), Shaanxi Automobile Group Limited (China), Beiqi Foton Motors Group Limited (China), CNH Industrial NV (The Netherlands), Landi Renzo (Italy), and Daimler AG (Germany) are strong contenders that are functional in the global market of automotive natural gas vehicle market.
Related news: Automotive Natural Gas Vehicle Market - 2019 Industry Size, Share, Statistics, Sales, Growth, Trends, Competitive Landscape, With Regional Forecast To 2023
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.
Market Insights
Degrading environmental condition is expected to boost the global automotive naturals gas vehicle market. Declining quality of air is inducing several health conditions such asthma, COPD, and others in people. Recently, an increase in carbon footprint due to automobile population is noted. The rise in need for environmental pollution reduction is escalating the sales of natural gas-fueled automobiles. This factor is anticipated to drive the automotive naturals gas vehicle market growth, globally. In addition, the growing geriatric population, intolerant to environmental pollution, is also likely to cast a positive impact on the market growth.
Segmental Overview
The segmental study of the global market has been done on the basis of fuel type and vehicle type. Based on fuel type, the automotive natural gas vehicle market has been divided into CNG and LNG. Based on the vehicle type segment the automotive natural gas vehicle market has been segmented into light-duty, medium-duty, and heavy-duty.
Regional Outlook
The regional analysis of the automotive natural gas vehicle market covers Europe, the Americas, Asia Pacific, and the Rest of the World (RoW).
China is experiencing high demand for natural gas fuel refilling. The large population of the region is boosting the sales of the automobiles. As a result, the government is taking strict measures to reduce rising environmental pollution. Consequently, a greater number of people are opting for LNG or CNG over diesel and petrol, which is expected to promote the automotive natural gas vehicle market growth. MRFR asserts that the market in the Asia Pacific region is expected to exhibit robust growth pattern in the upcoming years due to practice of stringent environmental pollution control practices. The automotive natural gas vehicle market in North America is anticipated to be driven by an increase in the sales of natural gas fueled vehicles.
Key Players
Westport (Canada), AB Volvo (Sweden), Dongfeng Motors Group Limited (China), Shaanxi Automobile Group Limited (China), Beiqi Foton Motors Group Limited (China), CNH Industrial NV (The Netherlands), Landi Renzo (Italy), and Daimler AG (Germany) are strong contenders that are functional in the global market of automotive natural gas vehicle market.
Related news: Automotive Natural Gas Vehicle Market - 2019 Industry Size, Share, Statistics, Sales, Growth, Trends, Competitive Landscape, With Regional Forecast To 2023
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.
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