Natural gas is gaining popularity worldwide as an alternative fuel owing to its easy availability, lower vehicular emissions, and lower costs than conventional fuels, such as petrol and diesel. The increasing need for alternative fuel solutions in the transportation sector inspires players in the transportation sector to adopt Liquefied Natural Gas trucks to run their operations. Moreover, the demand for LNG vehicles is increasing in the transportation industry. Moreover, the growing government initiatives to develop natural gas distribution infrastructure is expected to boost the demand for natural gas vehicles over the forecasted period.
Global Automotive Natural Gas Vehicle (NGV) Market Segmentation
Regional Research Reports has segmented the Global Automotive Natural Gas Vehicle (NGV) market based on product type and application at a regional and global level. Geographically, the research report has considered the five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Moreover, the research study focuses on the market analysis of the tier-1 countries, such as the USA, China, Germany, India, the UK, Japan, France, Italy, Spain, Russia, South Korea, and other territories.
Global Automotive Natural Gas Vehicle (NGV) Market Analysis by Product Type
- Compressed Natural Gas (CNG)
- Liquefied Natural Gas (LNG)
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Global Automotive Natural Gas Vehicle (NGV) Market Analysis by Application
- Passenger Vehicles
- Commercial Vehicles
Global Automotive Natural Gas Vehicle (NGV) Market Growth, by Region and Country, 2018-2021, 2022-2030 (US$ Millions)
Global Automotive Natural Gas Vehicle (NGV) Market Analysis by Region and Country
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- South America (Brazil, Argentina, Peru, Colombia, Rest of South America)
- The Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)
Global Automotive Natural Gas Vehicle (NGV) Market Competitive: Key Players
The report includes a comprehensive analysis of leading market players, such as:
- Key companies Automotive Natural Gas Vehicle (NGV) revenues in the global market, 2018-2021 (Estimated), (US$ Millions)
- Key companies Automotive Natural Gas Vehicle (NGV) revenues market share in global market, 2021 (%)
- Key companies Automotive Natural Gas Vehicle (NGV) sold in the global market, 2018-2021 (Estimated)
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Leading Automotive Natural Gas Vehicle (NGV) Manufacturers –
- Agility Fuel Solutions
- AB Volvo
- Beiqi Foton Motor Co., Ltd.
- CNH Industrial N.V.
- Clean Energy Fuels
- Cummins, Inc.
- PACCAR, Inc.
- Navistar, Inc.
- Quantum Fuel Systems LLC
- Westport Fuel Systems Inc.
(Note: The list of the key market players can be updated with the latest market state and trends)
Automotive Natural Gas Vehicle (NGV) Market Report Covers Details Analysis On:
- Market Segmentation & Regional Analysis
- Market Size of 10 years
- Pricing Analysis
- Supply & Demand Analysis
- Product Life Cycle Analysis
- Porter’s Five Forces & Value/Supply Chain Analysis
- Developed & Emerging Economies Analysis
- PESTEL Analysis
- Market and Forecast Factor Analysis
- Market Opportunities, Risks, & Trends
- Conclusion & Recommendation
- Regulatory Landscape
- Patent Analysis
- Competition Landscape
- 15+ Company Profiles
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Automotive Natural Gas Vehicle (NGV) Market Research Methodology
The report is based on analysis through extensive secondary research and primary Interviews.
The secondary data sources include the company website, annual reports, investor presentations, press releases, white papers, journals, certified publications, government websites, and articles from the industry.
Similarly following is the list of a few paid secondary sources/databases,
- Factiva
- Statista
- D&B Hoovers
- Owler
- Enlyft
- HG Insights
- Bloomberg
- Crunchbase
The primary sources include CXOs, VPs, directors, technology & innovation directors, product managers, and related executives from key organizations from both the supply and demand sides. Similarly, we have also interviewed various end user organizations. We cannot reveal the end-user organizations due to non-disclosure agreements.
For instance, the region forecast is based on extensive secondary research and primary Interviews. We have conducted primary interviews across the regions to get more region-specific insights. Additionally, primary interviews were conducted with independent consultants and subject matter experts in respective regions. These experts were interviewed to obtain qualitative and quantitative information related to the market and validate the research findings and estimations. The primary and secondary data inputs referred for triangulation and forecast for the region segment are as follows,
- Top Player’s historic revenues and Year on Year Growth
- Top Players’ regional presence and revenue patterns
- Recent Developments and strategies of vendors and end users (E.g., Mergers & Acquisitions, Partnerships, New Product Launch, and others)
- R&D Investments & Innovation Landscape
- Start-up Ecosystem and Funding Initiatives
- Regulatory Environment and Implications (Country or region Specific)
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