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Global Light and Heavy duty Natural Gas Vehicle Market Segment, Trends, Estimates And Forecasts 2017-2021

Press Release   •   Jan 16, 2017 05:46 EST

About Light and Heavy Duty Natural Gas Vehicle

Natural gas vehicles (NGV) are alternative fuel vehicles that use natural gas in place of diesel or gasoline as fuel for combustion. Natural gas is used in two forms in automobiles: compressed natural gas (CNG) and liquefied natural gas (LNG). LNG is stored as a supercooled liquid and is used for combustion. A temperature range between -184 degrees Fahrenheit and -274 degrees Fahrenheit is maintained for the storage of LNG. The advantage of using LNG is that it has a high calorific value that is comparable to that of gasoline. However, it needs high investment in infrastructure to maintain the temperature of the cryogenic liquid. CNG is stored in a gaseous form and an odorant is added to it to detect leakage. Normally, it is stored in high-pressure tanks with a pressure range of 20 to 25 MPa.

Technavios analysts forecast the global light and heavy duty natural gas vehicle market to grow at a CAGR of 5.65% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global light and heavy duty natural gas vehicle market for 2017-2021. To calculate the market size, the report presents a comprehensive, reliable, and the result of extensive research, both primary and secondary.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Light And Heavy Duty Natural Gas Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis withinputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

CNH Industrial

Daimler Trucks

General Motors

MAN Truck & Bus

Volvo Trucks

Other prominent vendors

Beiqi Foton Motor

BRC Gas Equipment

Cummins Westport

Dongfeng Motor

Fiat Chrysler Automobiles

Ford Motor

GAZ

Honda

IMPCO Technologies

ISUZU MOTORS

KAMAZ

Landi Renzo

Navistar

Renault

Volkswagen

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Market driver

Promotional measures by local governments to boost NGV market.

For a full, detailed list, view our report

Market challenge

Reducing crude oil prices to hinder adoption of NGV.

For a full, detailed list, view our report

Market trend

Next generation fuel injectors and adsorbent natural gas tank to increase range of NGV.

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

Key market highlights

Infrastructure for CNG filling

Product life cycle

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by application

Global light- and heavy-duty NGV market by application

Global light-duty NGV market

Global heavy-duty NGV market

PART 07: Market segmentation by geography

Global light- and heavy-duty NGV market by geography

Light- and heavy-duty NGV market in APAC

Light- and heavy-duty NGV market in EMEA

Light- and heavy-duty NGV market in the Americas

PART 08: Market drivers

Stricter emission standards

Lower price of natural gas than other fuels

Higher fuel efficiency of NGV

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