The Global CNG Vehicles Market is expected to exhibit a strong 5.96% CAGR over the forecast period from 2018 to 2025, according to the latest research report from Market Research Future (MRFR). The global CNG vehicles market is expected to reach a valuation of USD 185,422.3 million by 2025, according to the report.
The report presents a detailed overview of the global CNG vehicles market to give readers an accurate insight into the growth prospects of the market. The major drivers and restraints affecting the global CNG vehicles market are profiled in detail in the report.
CNG vehicles are vehicles that run on compressed natural gas. Growing awareness about the various benefits of CNG as compared to petroleum is the major driver for the global CNG vehicles market. CNG burns cleaner than petrol or diesel, releasing fewer carbon emissions and other toxic emissions.
Top Companies profiled in CNG Vehicles Market Research Report:
Suzuki Motor Corporation, Renault, Honda Motor Co. Ltd., Volvo Group, Groupe PSA, Fiat Chrysler Automobiles, Toyota Motor Corporation, Daimler AG, Hyundai Motor Company, Ford Motor Company, General Motors, and Volkswagen Group.
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· By product type, the global CNG vehicles market is segmented into OEM and car modification. Both segments are expected to grow steadily over the forecast period. Many automotive manufacturers have made it a key point to produce CNG vehicles in order to cater to the growing demand from consumers.
· By application, the global CNG vehicles market is segmented into personal use and commercial use. The personal use segment holds the largest share in the global CNG vehicles market and is likely to remain dominant over the forecast period.
Emerging regions such as Asia Pacific, Latin America, and the Middle East have exhibited steady growth in the global CNG vehicles market over the last few years and are likely to remain important regional markets over the forecast period.
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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. CNG vehicles Market Segmentation
8. CNG vehicles Market Landscape
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