Light and heavy-duty natural gas vehicle are an alternative fuel vehicle that use natural gas as fuel rather than the typical gasoline or diesel. Other alternative vehicles include fuel cell vehicles and electric vehicles. Light and heavy-duty natural gas vehicle are used for transportation and logistics. Light and heavy-duty natural gas vehicles provide comparable mileage and comfort, while their tailpipe emissions are less than conventional vehicles.
Highlights from Light and Heavy-duty Natural Gas Vehicle Market Study
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The key Vendors profiled in the report are Ford (United States), Volvo (Sweden), Tata (India), Renault (France), General Motors (United States), Fuso (Japan), MAN (Germany), Chrysler Automobiles (United States), Honda (Japan) and Isuzu Motors (Japan). Additionally, other players that are part of this comprehensive study are Freightliner (United States), Hino (Japan), Mercedes Benz Group (Germany) and Dongfeng (China).
Geographic Breakdown and Segment Analysis
The Global Light and Heavy-duty Natural Gas Vehicle market presents a comprehensive analysis of the Light and Heavy-duty Natural Gas Vehicle market by product type (Light Commercial Vehicle (LCV), CNG BUS, CNG Trucks, Dedicated Vehicles, Bi-fuels Vehicles, Dual-Fuel Vehicles and Other), by end-user/application (Local, Transportation and Logistics), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Light and Heavy-duty Natural Gas Vehicle industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the holds majority of market share of the Light and Heavy-duty Natural Gas Vehicle market
Analyst at AMA have segmented the market study of Global Light and Heavy-duty Natural Gas Vehicle market by Type, Application and Region.
Influencing Trend:Rising Demand of Renewable Fuel Resources, Widespread availability of natural gas and Demand in Low Cost Budget Light and Heavy-duty Vehicle
Market Growth Drivers:Rising Concern about Greenhouse Emission over The World, Growing Demand in Fuel Efficient Light and Heavy-duty Vehicles and Surge in Demand in Heavy Product and Public Transportation
Challenges:Limited Availability of Natural Gas Fuel Station, Low Penetration in Developing Region, High Cost Maintenance Associated with Light and Heavy-duty Natural Gas Vehicle and Lack of Knowledge About Natural Gas Vehicles Among Individuals
Restraints:Lower Performance than Petrol and Diesel Fueled Light and Heavy Duty Vehicles, Initially Low Mileage than Petrol And Diesel Vehicle and Longer Time For Refueling than Petrol and Diesel Vehicle
Opportunities:Continuous Growth in Automotive Industry and Adoption of Renewable Energy Resources Across the World
On 5 September 2022, Tata Motors Launched India’s First Compressed Natural Gas(CNG) Powered Medium& Heavy Commercial Vehicle (M&HCV) Trucks That Are Equipped With Advanced Driver Assistance System (ADAS) On Monday In Mumbai.
Regulatory Insights:On 21 June 2019, In response to petitions for rulemaking from the American Trucking Associations (ATA) and the Natural Gas Vehicles for America (NGVAmerica), NHTSA is proposing to amend the visual inspection labeling requirement in Federal Motor Vehicle Safety Standard (FMVSS) No. 304, “Compressed natural gas fuel container integrity,” to state that CNG fuel containers used on heavy vehicles should be inspected at least once every 12 months.
The market for Light and Heavy-duty Natural Gas Vehicle is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Key Target AudienceLight and Heavy-duty Natural Gas Vehicle Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others