Global Light and Heavy Duty Natural Gas Vehicle Market 2017: Top Companies, Regional Growth Overview and Growth Factors Details by Regions, Types & Applications
The Global Light and Heavy Duty Natural Gas Vehicle Market to GROW at a CAGR of 5.65% during the period 2017-2021.
Light and Heavy Duty Natural Gas Vehicle Market Report focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Light and Heavy Duty Natural Gas Vehicle market research report is a professional and in-depth study on the current state of Light and Heavy Duty Natural Gas Vehicle Industry.
Complete Report of Light and Heavy Duty Natural Gas Vehicle Market Research available at: https://www.absolutereports.com/global-light-and-heavy-duty-natural-gas-vehicle-market-2017-2021-10533789
Natural gas vehicles (NGV) are alternative fuel vehicles that use natural gas in place of diesel or gasoline as fuel for combustion. Natural gas is used in two forms in automobiles: compressed natural gas (CNG) and liquefied natural gas (LNG). This Market Research Analysis identifies the higher fuel efficiency of natural gas trucks as one of the primary growth factors for this market. It has been observed that fuel prices account for almost 30% of the total acquisition cost of commercial vehicles. Though this induces fleet owners to prefer commercial vehicles with a reasonable engine horsepower and better fuel efficiency, fluctuating fuel prices make it difficult for fleet owners to forecast operational costs.
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Key Vendors of Light and Heavy duty Natural Gas Vehicle Market:
- CNH Industrial
- Daimler Trucks
- General Motors
- MAN Truck & Bus
- Volvo Trucks
Other Prominent Vendors
- Beiqi Foton Motor
- BRC Gas Equipment
- Cummins Westport
- Dongfeng Motor
- Fiat Chrysler Automobiles
- Ford Motor
- GAZ
And many more…
The Market is characterized by the presence of a considerable number of natural gas vehicle manufacturers and is fragmented. Market players who have a wide product portfolio and an enhanced geographical presence currently dominate the market. One of the major natural gas truck manufacturers, Daimler Trucks, plays a significant role in the market and operates in various geographical regions like the Americas, Asia, and Europe.
Regions of Light and Heavy Duty Natural Gas Vehicle Market:
- Americas
- APAC
- EMEA
Light and Heavy Duty Natural Gas Vehicle Market Driver
- Stricter emission standards
- Lower price of natural gas than other fuels
- Higher fuel efficiency of NGV
- Promotional measures by local governments to boost NGV market
Light and Heavy Duty Natural Gas Vehicle Market Challenge
- Higher differential cost of NGV for heavy-duty vehicles
- Low number of natural gas fueling stations
- Reducing crude oil prices to hinder adoption of NGV
- Shifting focus of OEMs toward electric vehicles
Light and Heavy Duty Natural Gas Vehicle Market Trends
- Development of near-zero emission NGV
- Next generation fuel injectors and adsorbent natural gas tank to increase range of NGV
- Introduction of multi-fuel engines
Key questions answered in Light and Heavy duty Natural Gas Vehicle market report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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List of Exhibits in Light and Heavy Duty Natural Gas Vehicle market report:
- Exhibit 01: Stakeholders in NGV industry
- Exhibit 02: Natural gas supply chain
- Exhibit 03: Fast-fill station
- Exhibit 04: Slow-fill station
- Exhibit 05: Product life cycle: Alternative fuel engines
- Exhibit 06: Segmentation of global light- and heavy-duty NGV market
- Exhibit 07: Energy consumption in the US energy sector
- Exhibit 08: Energy consumption in the US transportation sector
- Exhibit 09: Natural gas promotion framework
- Exhibit 10: Global light- and heavy-duty NGV market 2016-2021 (millions of units)
And continued….
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