Automotive Natural Gas Vehicle Industry: 2019 Global Market Analysis To 2023

Posted by Abhijeet Bendre on January 21st, 2019

Automotive Natural Gas Vehicle Market Research Report – Global Forecast to 2023. Market research future published research report on global Automotive Natural Gas Vehicles market. Global 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.

Browse More Information About This Report At: https://www.marketresearchfuture.com/reports/automotive-natural-gas-vehicle-market-5750

The factors that are responsible for the growth of automotive natural gas vehicle market are lower fuel cost, reduction in greenhouse gas emission, and production of less carbon dioxide per unit of energy consumed. Other key drivers expected to contribute towards the growth of automotive natural gas vehicle market are growth in refueling station infrastructure and rising crude oil price. In addition to that, conversions or retrofitting are available across different platforms for consumers to get the desired fuel efficiency.

The regional analysis of the automotive natural gas vehicle market comprises of regions such as the Asia Pacific, the Americas, Europe, and Rest of the World. The Asia Pacific region is predicted to dominate the market in future, owing to the region’s major market share for fleet operators and commercial vehicles. For example, China is displaying growth in refueling infrastructure for LNG and CNG fuel. The Americas region follows the Asia Pacific region in the automotive natural gas vehicle market owing to the rise in the adoption rate of the natural gas driven vehicle. Thus, the automotive natural gas vehicle market is projected to develop approximately 6% CAGR in the forecast period.

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