Natural Gas Vehicles Market Poised for Global Expansion: Analysing Technology Trends and Business Opportunities

The latest study released on the global 'Natural Gas Vehicles' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Natural Gas Vehicles' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Some of the key players profiled in the study are:
Maruti Suzuki (India), Volkswagen AG (Germany), Fiat Automobiles (Italy), Honda Motor Company, Ltd. (Japan), General Motors Company (United States), Groupe Renault (France), The Hyundai Motor Company (South Korea), Ford Motor Company (United States), Iran Khodro (Iran), The Volvo Group (Sweden),
A natural gas vehicle refers to an alternative fuel vehicle that uses compressed natural gas or liquefied natural gas. There is the various benefit of natural gas vehicles such as natural gas costs are lower than gasoline, natural gas is convenient and abundant, the natural gas vehicle has lower maintenance costs, the natural gas vehicle is safer, among others. The demand for natural gas vehicles has increased, due to the rising adoption of natural gas vehicles in both developed and developing countries. For instance, the U.S. Department of Energy and Natural Gas powers almost over 160,000 vehicles in the United States. Therefore, rising demand for natural gas vehicles and the increasing number of passenger cars and commercial vehicles are expected to support the growth of the natural gas vehicle market in the near future. Benefits of natural gas vehicles include:
With some of the stated benefits, it is very easy to see why the number of the natural gas vehicle (NGV) has more than doubled in the past 5 years. There have been around more than 15 million NGVs worldwide during the year 2011 and NGV Global has projected that this number would increase to at least five-folds, to over more than 65 million natural gas vehicles by the year 2020. Also, in May 2019, according to the Government of India, the Natural gas vehicles (NGVs) would be accountable for around more than 50% of the sales of the new three and four-wheelers in India by 2030. Henceforth, increasing the usage of natural gas vehicles which is likely to be one of the major drivers for the global natural gas vehicles market over the forecast period.

On June 13th, 2019, the president of the Colombian Association of Natural Gas â€" Naturgas, Orlando Cabrales Segovia, delivered some figures on the estimated growth of the dedicated heavy-duty vehicles that are powered by natural gas at an international mobility event namely Latam Mobility Summit Medellin, 2019. He stated that there would be an end of the year with 109 tractor-trailers that would run on Colombian highways, reducing the particulate matter pollution by almost 100% and carbon dioxide emissions by 30%. In addition, to these, this would also represent savings for the companies of over more than 35% in their transportation costs. There were 14 tractor-trailers that were operating in Colombia from the companies based in Antioquia, Bogotá, Bolívar, and Valle del Cauca, and over the next few months, 95 additional cargo trucks were expected to come into operation.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Natural Gas Vehicles Market various segments and emerging territory.

Influencing Market Trend
• Governmental Initiative toward Natural Gas Vehicle
Market Drivers
• Growing Investments in Automobile Sector Worldwide
• Strict Government Regulation Related to the Emission owing to Air Pollution
Opportunities:
• The popularity of Green Transportation in the Emerging Countries
• Growing Demand from Emerging Market such as China, India, Brazil, among others
Challenges:
• Relatively Price and Environmentally Insensitive
• Low Adaptation Rate in Underdeveloped Countries

Analysis by Type (Dedicated, Bi-Fuel, Dual-Fuel), Application (Passenger Cars, Commercial Vehicles, Others), Form (Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG))

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The regional analysis of Global Natural Gas Vehicles Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

According to U.S. Department of Energy, “The Kentucky Transportation Cabinet may establish regulations to qualify persons to perform safety inspections; modify FMVSS for state use; and identify converted vehicles and ensure compliance with applicable regulations”.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/65538-global-natural-gas-vehicles-market-1?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global Natural Gas Vehicles market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Natural Gas Vehicles market.

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This release was published on openPR.