The Automotive Natural Gas Vehicle Market demand was valued at 29,793.76 thousand in 2020 and is expected to grow at a CAGR of 3% from 2021 to 2027. Natural gas is gaining popularity around the world as an alternative fuel. Compared to conventional fuels such as gasoline and diesel, availability is easy, vehicle emissions are low and cost is low. The growing need for alternative fuel solutions in the transportation sector is encouraging players in the transportation industry to adopt LNG (Liquefied Natural Gas) trucks for their operations. As a result, there is an increasing demand for LNG vehicles in the transportation industry. Moreover, the government’s growing initiative to develop natural gas distribution infrastructure is expected to increase demand for natural gas vehicles (NGVs) during the forecast period.
A full report of Automotive Natural Gas Vehicle Market available at https://www.orionmarketreports.com/automotive-natural-gas-vehicle-market/31125/
Automotive Natural Gas Vehicle Market Segmentations
By Vehicle Type
• Medium duty commercial vehicles
• Heavy dutycommercial vehicles
By Fuel Type
• CNG
• LNG
Key Market Players
• 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.
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