As per Market Research Future (MRFR), the global CNG vehicles market is expected to register a compound annual growth rate of 5.96% between 2018 and 2025 (forecast period). The study discusses and investigates the effects of the outbreak of COVID-19 on the global CNG vehicles industry, including potential opportunities and challenges, drivers, and risks. The study explains the impacts of COVID-19 on the global CNG vehicles market and predicts market growth based on various scenarios.
A compressed natural gas vehicle is an alternative fuel vehicle that uses compressed natural gas instead of gasoline or diesel. CNG or compressed natural gas is stored at a high pressure of between 3,000 and 3,600 pounds per square inch (21 to 25 MPa). The tank required is larger and more expensive than the conventional fuel tank. The emissions of the CNG vehicle are cleaner, with lower carbon emissions and lower particulate emissions per equivalent distance traveled. Generally, there is less fuel wasted.
CNG Vehicles Market@ http://heraldkeeper.com/featured/cng-vehicles-market-insights-2020-business-opportunity-future-scope-rising-demand-by-top-vendors-suzuki-motor-corporation-renault-594354.html
Key Players
Notable players in the global CNG vehicles market are Volkswagen Group, General Motors, Ford Motor Company, Hyundai Motor Company, Daimler AG, Toyota Motor Corporation, Fiat Chrysler Automobiles, Groupe PSA, Volvo Group, Honda Motor Co. Ltd., Renault, and Suzuki Motor Corporation.
The global CNG vehicles market consists of a few well-established vendors. Key vendors in the market are currently enhancing their customer base and growing their investment in R&D activities. The market is expected to experience competition based on technological innovations and government regulations. Manufacturers are also expected to engage in long-term partnerships with vendors, as the quality of the products used and the design are critical factors in controlling costs that distinguish each vendor.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6497
Market Segmentation
The global CNG vehicles market has been segmented on the basis of product type and application.
On the basis of product type, the global CNG vehicles market has been segmented into OEM and car modification.
On the basis of application, the global CNG vehicles market has been segmented into personal use and commercial use.
Regional Analysis
Region-wise, the global CNG vehicles market has been segmented into North America, Europe, Asia Pacific (Japan, China, India, South Korea), and RoW (rest of the world).
Asia Pacific is the most extensive market for CNG vehicles and is projected to grow at the highest growth rate over the evaluation period.
If you have any requirements, let know and we will customize the report according to your need.
FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/cng-vehicles-market-6497
TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- CNG vehicles Market, By Segments
- Competitive Analysis
Continued…
About Us:
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.
Contact Us
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
The Global CNG Vehicles Market is expected to exhibit a strong 5.96% CAGR over the forecast period from 2018 to 2025, according to the latest research report from Market Research Future (MRFR).
The global CNG vehicles market is expected to reach a valuation of USD 185,422.3 million by 2025, according to the report.The report presents a detailed overview of the global CNG vehicles market to give readers an accurate insight into the growth prospects of the market.
This has become a major driver for the global CNG vehicles market over the last few years.
Due to this, fuels that burn cleanly and emit less toxic emissions are becoming popular in automobiles.
This is likely to be a major driver for the global CNG vehicles market over the forecast period.
The car modification segment is also expected to grow over the forecast period due to the growing number of personal as well as commercial consumers retrofitting their vehicles with CNG fuel technology.
The global CNG & LPG Vehicles market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report focuses on CNG & LPG Vehicles volume and value at global level, regional level and company level.
From a global perspective, this report represents overall CNG & LPG Vehicles market size by analyzing historical data and future prospect.Regionally, this report categorizes the production, apparent consumption, export and import of CNG & LPG Vehicles in North America, Europe, China, Japan, Southeast Asia and India.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-cng-lpg-vehicles-2019-701For each manufacturer covered, this report analyzes their CNG & LPG Vehicles manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.The following manufacturers are covered:FiatHyundaiSuzukiVolkswagenFordGeneral MotorsHondaNissanNavistarTataSegment by RegionsNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaSegment by TypeCNGLPGSegment by ApplicationPassenger VehiclesLight Commercial VehiclesOtherGet the Complete Report & TOC at https://www.24marketreports.com/automotive-and-transportation/global-cng-lpg-vehicles-2019-701CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
According to recent Fact.MR study, the CNG Vehicles market will grow at 3.2% during 2018-2027 period.
The Fact.MR study largely attributes the projected growth to technological advancements in manufacturing techniques, and rising demand for products in the sector.An Expert Perspective According to Fact.MR experts, the growth of CNG Vehicles factors will remain key drivers to growth of the CNG Vehicles market.
Moreover, the rising demand for segment remains a prominent opportunity for growth during the forecast period.
A Real Insight Fact.MR promises to ready new investors in the world of digital age with information from key stakeholders in the industry, objective forecasts, and independent analysis of a wide range of viewpoints.
The company leverages information from key stakeholders of information including World Bank, the UNO, WHO, among others to tackle challenges of investing with due diligence, and reliability.
Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S_id=2537An Apt Forecast For the CNG Vehicles market, Fact.MR has considered 2014 as the base year for projections, while 2019-2029 period as the forecast period.
