Global Automotive Natural Gas Vehicle Industry: Market Analysis 2018 To 2023

Posted by Abhijeet Bendre on January 9th, 2019

Automotive Natural Gas Vehicle Market 2019 Global Industry Forecast to 2023 is latest Global Automotive Natural Gas Vehicle Industry research report published by “Market Research Future”. Automotive Natural Gas Vehicle Market Information by Fuel Type (CNG and LNG), Vehicle Type (Light-duty, Medium-duty, and Heavy-duty), and Region – Global Forecast to 2023.

Global Automotive Natural Gas Vehicle Market Highlights:

Natural gas is the most efficient and abundant source of energy. It is one of the cleanest burning commercial fuels available in the market. There is a huge demand for a natural gas vehicle that satisfies emission targets of fleet operators, consumers, and manufacturers. Currently, there are more than 400,000 units of natural gas vehicles present on the road. However, there are some shortcomings in operating performance of the natural gas vehicle, such as short driving range and extra space needed for fuel storage.

Natural gas is the most efficient and abundant source of energy. It is one of the cleanest burning commercial fuels available in the market. There is a huge demand for a natural gas vehicle that satisfies emission targets of fleet operators, consumers, and manufacturers. Currently, there are more than 400,000 units of natural gas vehicles present on the road. However, there are some shortcomings in operating performance of the natural gas vehicle, such as short driving range and extra space needed for fuel storage.

The market is segmented based on America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future, due to the largest market share for commercial vehicle and fleet operators. For instance, China is showing growth in refueling infrastructure for CNG and LNG fuel. The America region is second to the Asia Pacific region in the automotive natural gas vehicle market due to increase in the adoption rate of the natural gas driven vehicle. Thus, the automotive natural gas vehicle market is estimated to grow at approximately 6% CAGR during the period of 2017 to 2023.

For more information on this Automotive Natural Gas Vehicle Industry – Global Market Report @ https://www.marketresearchfuture.com/reports/automotive-natural-gas-vehicle-market-5750

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