The Global Automotive Natural Gas Vehicle Market was valued at $xxxxBillion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $xxxxBillion.
Automotive Natural Gas Vehicle is an alternative vehicle fuel which uses compressed liquified natural gas or compressed natural gas.It is environment-friendly because it burns cleaner than other fossil fuels with safe & easier to store compared to others. Natural gas is extremely reliable, unlike electric power that can be knocked out during the storm. Natural gas is a mixture of several hydrocarbons such as ethane, methane, propane & butane. But maximum natural gas is formed by methane. It is a fossil fuel made from animal & plant remain million of years ago. It is lighter than air with a specific gravity of about 0.6 to 0.8, it is colorless & odorless.
“Optimal Price Point (OPP) for Automotive Natural Gas Vehicle”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Automotive Natural Gas Vehicle materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Automotive Natural Gas VehicleMarket “byFuel Categories”
We have segmented the Automotive Natural Gas Vehicle based on Fuel categories as CNG& LNG.
We have observed the significant use of an Automotive natural gas vehicle by Compressed natural gas which dominates the market. CNG is a fuel which can be used instead of petrol & diesel etc. it saves money on fuel, reduces emission levels, increases the life cycles of the vehicles. CNG is the cleanest burning transportation fuel on market today. These types of vehicles are completely sealed so they cannot produce any types of evaporative emission which demand the market of Automotive natural gas vehicles by CNG fuel over the forecast period.
Automotive Natural Gas VehicleMarket by “VehiclesType”
We have segmented the Automotive Natural Gas Vehicle market based on vehicle types are Passenger Vehicles, Light-Duty & Heavy-Duty Vehicles.
We have observed the significant use of an Automotive natural gas vehicle by passenger types of vehicles because it is environmentally friendly. It can replace the use of high-grade fuel like petrol & diesel & also cheaper than other fuel. It can add value & drive economy which demands the market growth during the forecast period.
North America accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Automotive natural gas vehicles market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, North America held the largest share for Automotive natural gas vehicles market due to the demand for CNG cars & trucks. The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
Rising demands for CNG vehicles& increase the consumption of natural resources with the increasing populations generates a demand for Automotive natural gas vehicles. We are observing that Automotive natural gas vehicles are a good option as it can create a good impact on the Automotive sectors.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include Westport Fuel Systems Inc, PACCAR Inc, Navistar Inc, Beiqi Foton Motor Co Ltd, Cummins Inc, AB Volvo, Daimler AG, Shaanxi Automobile Group Company Limited are few major players in Automotive Natural Gas Vehicle markets. The market of Automotive Natural Gas Vehicles is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Automotive Natural Gas Vehicle Market by Fuel Categories (Revenue, Million, 2014 – 2025)
Automotive Natural Gas Vehicle Market by Vehicles Type (Revenue, Million, 2014 – 2025)
- Passenger Vehicles
- Light duty & Heavy-duty vehicles
Automotive Natural Gas Vehicle Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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