56400 M US$ in anticipated for Global CNG Vehicles Market to 2025

Global CNG Vehicles Market report analyzes and research the global capacity, production, revenue, consumption, status and forecast to 2025 by type, application and region

The global CNG Vehicles market is valued at 40900 million US$ in 2018 is expected to reach 56400 million US$ by the end of 2025, growing at a CAGR of 4.1% during 2019-2025.

This report focuses on CNG Vehicles volume and value at global level, regional level and company level. From a global perspective, this report represents overall CNG Vehicles market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.Key companies profiled on his report are Fiat Chrysler, Volkswagen, Ford, General Motors, Toyota, Iran Khodro, Nissan, Volvo Group, Hyundai, Honda, Suzuki, Mercedes-Benz, Renault, PSA Peugeot Citroen, Great Wall Motors and more in the terms of Product Introduction, Application, Specification, companies Production, Revenue, Price and Gross Margin (2014-2019), etc.

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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.

In the last several years, Global market of CNG Vehicles developed rapidly, with an average growth rate of 8.19%. In 2015, the production of OEM CNG Vehicle is about 234.4 k units and the Car Modification is about 2495.4 k units, with a production market share 91.41%.

North America is a large consumption place, with a consumption market share nearly 18.73%. Following North America, China is another important consumption place with the consumption market share of 18.02% in 2015.

Market competition is intense. Fiat Chrysler, Volkswagen, Ford, General Motors, etc. are the leaders of the industry, and they hold high-end customers, and their products are famous in the world.

Industry concentration is deepening. China domestic CNG vehicles enterprises are increasing investment and absorbing foreign advanced technologies so that large companies will gain more market share.

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Study objectives

  • To analyze and research the global capacity, production, revenue, consumption, status and forecast.
  • To present the key manufacturers, capacity, production, revenue, market share, and recent development.
  • To focus on the global key manufacturers, to define, describe and analyze the market competition landscape,
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Posted by on Tuesday March 26 2019, 9:01 AM EDT. All trademarks acknowledged. Filed under Automotive & Transportation, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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