Natural Gas Vehicles Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Natural gas vehicle market was valued at US$17,100. 00 million in 2019 and is projected to reach US$ 28,805. 75 million by 2027; it is expected to grow at a CAGR of 6% from 2021 to 2027.

Natural gas is commonly used in buses, trucks, cars, and bicycles. Natural gas vehicles have a higher handling cost than gasoline and diesel because they require special tanks for storage. Due to rising prices and depletion of crude oil resources, many countries have begun to increase the production and use of natural gas in commercial transport.

The report segments the global natural gas vehicle market as follows:

By Fuel Type

• CNG
• LNG

By Application

• On-Road
• Off-Road

By Vehicle Type

• Passenger Vehicles
• Light and Commercial Vehicles
• Heavy Commercial Vehicles

Key Players :

The key players in the automotive natural gas vehicle market are 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, and Westport Fuel Systems Inc.

Scope of the Report

The research study analyzes the global Natural Gas Vehicles industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Natural Gas Vehicles Market Report

1. What was the Natural Gas Vehicles Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Natural Gas Vehicles Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Natural Gas Vehicles Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.