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Dec 03, 2020 (Market Insight Reports) —
Selbyville, Delaware, Growth forecast report ” Automotive Natural Gas Vehicle (NGV) Market size by Product Type (CNG Vehicle and LNG Vehicle), By Application (Passenger Cars and Commercial Vehicle), By Region Outlook (United States, China, Europe, Japan, Southeast Asia & India), Top Manufacturer, Growth Potential, Price Trends, Competitive Market Share & Forecast 2020-2026 added by Market Study Report LLC.
Market Analysis and Insights: Global Automotive Natural Gas Vehicle (NGV) Market
The global Automotive Natural Gas Vehicle (NGV) market is valued at 8510 million US$ in 2020 is expected to reach 14200 million US$ by the end of 2026, growing at a CAGR of 7.5% during 2021-2026.
A natural gas vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). Natural gas vehicles should not be confused with vehicles powered by LPG (mainly propane), which is a fuel with a fundamentally different composition.
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Natural gas vehicles play an important role in business and personal use.Huge downstream demand has driven production of natural gas vehicles.The main sales markets are located in the asia-pacific region dominated by China and South America.After sweeping the asia-pacific region, South America, North America and Europe also have a strong procurement market.Asia-pacific is the region with the largest consumption of natural gas vehicles, with a market share of more than 50 percent in 2019.
How extensively has the industry been segmented in terms of the product and application landscapes?
The competitive spectrum holds a pivotal position in the Automotive Natural Gas Vehicle (NGV) market, given that it is bound to help emerging entrants and prospective shareholders decide on the possibilities of penetrating the industry at the opportune time. The details of the competitive landscape outlined in this report are likely to provide an analysis of the prominent industry vendors, their growth profiles, strategies and tactics, etc., that would help investors in decision-making.
As per the report, the Automotive Natural Gas Vehicle (NGV) market is segmented into Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford, Iran Khodro, Volvo Group, PSA, C&C Truck and etc with respect to the competitive spectrum. The study includes elaborate details regarding these companies, including the market share that each firm accounts for in the industry and the production capacity.
Some other pivotal details include a brief overview of the firm – generic outline, product description, present valuation and standing in the industry, etc.
A detailed cover-up of the regional landscapes of the Automotive Natural Gas Vehicle (NGV) market:
For More Details On this Report:https://www.marketstudyreport.com/reports/global-automotive-natural-gas-vehicle-ngv-market-research-report-2020
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