AMA Research, a global market research and consulting organization, have released a new study titled "Cng & Lpg Vehicles market - Global outlook to 2028". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Cng & Lpg Vehicles market to grow at a CAGR of 9.3%.
The Fuel Type, such as CNG, is boosting the Cng & Lpg Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Cng & Lpg Vehicles market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are The surging importance of clean environment and balance of the ecosystem, The increasing demand of passenger cars in developing economies and Increasing crude oil prices across global. ??
The CNG and LNG vehicle has been gaining market share at the expense of the ones that run on diesel and petrol, owing to the increasing awareness towards environmental sustainability and rising demand for natural gas and similar other sources as fuel.The government of various developing and developed nations are implementing stringent regulations regarding the vehicular emissions, owing to which, automobile manufacturers are experiencing great demand for high-performance trucks as they consume fuel efficiently and emit minimum harmful emissions.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Cng & Lpg Vehicles market , by Application (Passenger Vehicles, Light Commercial Vehicles and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market