Compressed natural gas vehicle is an alternative fuel vehicle that uses compressed natural gas as the fuel rather than gasoline or diesel. CNG, or compressed natural gas, is stored at high pressure, 3,000 to 3,600 pounds per square inch (21 to 25 MPa). The required tank is more massive and costly than a conventional fuel tank. The CNG vehicle\'s emissions are cleaner, with lower emissions of carbon and lower particulate emissions per equivalent distance traveled. There is generally less wasted fuel.Two gaseous fuels that can be used in spark-ignition engines are Liquefied Petroleum Gas (LPG) and natural gas. Natural gas is a naturally occurring mixture of hydrocarbons consisting of at least 80% methane, with lesser amount of propane ethane and butane. LPG is also a mixture of hydrocarbons, but its main constituent is propane, with lesser amounts of ethane and butane.
The Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.
As the report focuses on global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Volkswagen
Fiat Chrysler
Ford
General Motors
Toyota
Nissan
Volvo Group
Hyundai
Honda
Mercedes-Benz
Renault
PSA
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Passenger Vehicle
Commercial Vehicle
In Market segmentation by applications :
Home Use
Commercial Use
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market for the forecast period 2020 - 2026?
• What are the driving forces in the Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?