What is Automotive Natural Gas Vehicles?
Natural gas is one of the most efficient and abundant sources of energy, one of the cleanest burning commercial fuels available in the market. There is a huge demand for a natural gas vehicle that satisfies emission targets of fleet operators, manufacturers, and consumers.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Dongfeng Motors Group Limited (China), AB Volvo (Sweden), Beiqi Foton Motors Group Limited (China), Shaanxi Automobile Group Limited (China), Daimler AG (Germany), CNH Industrial NV (The Netherlands), Landi Renzo (Italy), Westport (Canada), Clean Energy Fuels Corp. (United States), Clean Air Power Ltd. (United Kingdom) and Agility Fuel Systems Inc. (United States) |
The study covers a detailed analysis segmented by key business segments i.e. and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Automotive Natural Gas Vehicles market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Automotive Natural Gas Vehicles market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Dongfeng Motors Group Limited (China), AB Volvo (Sweden), Beiqi Foton Motors Group Limited (China), Shaanxi Automobile Group Limited (China), Daimler AG (Germany), CNH Industrial NV (The Netherlands), Landi Renzo (Italy), Westport (Canada), Clean Energy Fuels Corp. (United States), Clean Air Power Ltd. (United Kingdom) and Agility Fuel Systems Inc. (United States).
Market Overview:
In May 2023, Volvo Trucks and Jiangling Motors Co., Ltd acquired JMC Heavy Duty Vehicle Co., Ltd, and its manufacturing site in Taiyuan, Shanxi province. The two parties will not pursue the transaction due to that the conditions for closing the transaction were not met. Volvo Trucks will continue to export trucks to customers in China.
Automotive Natural Gas Vehicles is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Government initiative to develop & expand natural gas distribution infrastructure
Market Growth Drivers:
Energy Security, Environmental Benefits and Fuel Cost Saving
Challenges:
The emergence of Electric Vehicles
Restraints:
High Initial Cost and Capital Investment in Manufacturing of Natural Gas
Opportunities:
The popularity of Green Transportation in the Emerging Countries
Key highlights of the Global Automotive Natural Gas Vehicles market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Automotive Natural Gas Vehicles market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Automotive Natural Gas Vehicles market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Automotive Natural Gas Vehicles Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Natural Gas Vehicles market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automotive Natural Gas Vehicles market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment>.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.