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The global light and heavy duty natural gas vehicle market is poised to grow by 251.43 K units during 2020-2024, progressing at a CAGR of 2% during the forecast period.Speak directly to the analyst to clarify any post sales queries you may have.
This report on the light and heavy duty natural gas vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by the increasing focus on emission reduction, advantages of natural gas and higher fuel efficiency of NGVs. In addition, increasing focus on emission reduction is anticipated to boost the growth of the market as well.
The light and heavy-duty natural gas vehicle market analysis includes the application segment and geographic landscapes.
The global light and heavy duty natural gas vehicle market is segmented as below:
By Application
- Light-duty NGV
- Heavy-duty NGV
By Geography
- APAC
- North America
- Europe
- South America
- MEA
This study identifies the rapid growth in the development of near-zero emission NGV as one of the prime reasons driving the light and heavy duty natural gas vehicle market growth during the next few years. Also, technological advances and introduction of multi-fuel engines will lead to sizable demand in the market.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The report covers the following areas:
- Light and heavy duty natural gas vehicle market sizing
- Light and heavy duty natural gas vehicle market forecast
- Light and heavy duty natural gas vehicle market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light and heavy duty natural gas vehicle market vendors that include AB Volvo, CNH Industrial NV, Cummins Inc., Daimler AG, General Motors Co., MAN SE, Navistar International Corp., PACCAR Inc., Renault SA, and Volkswagen AG. Also, the light and heavy duty natural gas vehicle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application by Volume
Geographic Landscape by Volume
Vendor Landscape
Vendor Analysis
Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global light and heavy duty natural gas vehicle market: AB Volvo, CNH Industrial NV, Cummins Inc., Daimler AG, General Motors Co., MAN SE, Navistar International Corp., PACCAR Inc., Renault SA, and Volkswagen AG.Commenting on the report, an analyst said: According to the report, one of the major drivers for this market is the increasing focus on emission reduction.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- CNH Industrial N.V.
- Cummins Inc.
- Daimler AG
- General Motors Co.
- MAN SE
- Navistar International Corp.
- PACCAR Inc.
- Renault SA
- Volkswagen AG
