WiseGuyReports.Com Publish a New Market Research Report On –“ CNG Vehicles 2019 Market By: Industry Size,Growth,Trends,Analysis,Opportunities, and Forecasts to 2024”.
CNG Vehicles Market 2019
Description: –
CNG Vehicle, also known as Compressed Natural Gas vehicles, are the perfect alternative fuel vehicles which consume compressed natural gas as fuel instead of diesel or gasoline. Talking about compressed natural gas, it is generally stored at 3, 000 to 3, 500 pounds pressure per square. The tank required for this is bigger and costlier than the traditional fuel tank. It has been proved that the compressed natural gas vehicle’s emission is quite cleaner and generate low carbon and particulate emissions than the vehicles running on gasoline.
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Listed Key Players
Fiat Chrysler
Volkswagen
Ford
General Motors
Toyota
Iran Khodro
Nissan
Volvo Group
Hyundai
Honda
Suzuki
Mercedes-Benz
Renault
PSA Peugeot Citroen
Great Wall Motors
The report suggests that the global CNG Vehicle market is forecasted to grow at a decent Compound Annual Growth Rate. The primary reason behind this the increasing demand for Bi-fuel across the world. They provide similar performance like diesel or gasoline-powered vehicles. Besides, these are comparatively low in cost, which is also expected to trigger market growth. On the other side, growing concern for environment throughout the globe has triggered the demand for CNG Vehicles, which, in turn, is propelling the global market for compressed natural gas vehicles market.
Governments of various countries are now taking multiple steps to reduce the level of air pollution. They are now encouraging people and industries to use eco-friendly technologies. The market report shows that easy financing schemes and easy availability of gas-powered cars and other vehicles can be the primary factors driving the market demand during the forecast period. Furthermore, technological advancement in this sector has made the vehicle more powerful and efficient. That’s why people are now shifting towards such vehicles.
Global Market Segmentation Analysis
The global CNG Vehicle market is segmented on the basis of type, application, and regions. On the basis of type, it is split into OEM and Car modification. Among these, the OEM market will dominate the type segment during the forecast period. Some leading car manufacturers are now introducing CNG-equipped models in the market, and this has offered them a significant boost to sales. They are now extensively investing in this. Based on the application, it is divided into Commercial use and personal use. Well, the report predicts that the commercial use segment will rule the application segment. Low running cost is quite important for commercial vehicles.
Geographical Market Segmentation Analysis
On the basis of regions, the global market for CNG Vehicle is segmented into the Asia Pacific, North America, South America, Middle East, and Africa, and Europe. Furthermore, the report also includes some country-level market analysis. The countries, which market reports include in this study are India, China, Japan, South Korea, the United States, the UK, Russia, Germany, Italy, GCC Countries, and more. Among all the regions, the Asia Pacific market is expected to dominate the CNG Vehicle market during the forecast period. After this region, there will be Europe and North America. Countries like Iran, China and India will play a significant role in the growth of this regional market.
Latest Market Updates
In September 2019, Volkswagen informed that the company is planning to bring CNG cars in India very soon.
In February 2018, Zoilo Rios Group established an LPG and CNG station in Spain.
Chevrolet informed that the company has expanded its natural gas line up to add bi-fuel Silverado 3500HD chassis cab.
Complete Report Details @ https://www.wiseguyreports.com/reports/3740559-global-cng-vehicles-market-2019-by-manufacturers-regions
Table of Contents – Major Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global CNG Vehicles Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global CNG Vehicles Market Analysis by Regions
5 North America CNG Vehicles by Country
6 Europe CNG Vehicles by Country
7 Asia-Pacific CNG Vehicles by Country
Continued….
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