CNG Vehicles Market 2019 Global Analysis, Trends, Forecast up to 2030

Market Industry Reports (MIR) has published a new report titled “CNG Vehicles Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global CNG vehicles market accounted for over US$ 160 billion by 2019. The market is anticipated to grow at a CAGR of 4.8% from 2019 to 2030.
Top Key Players:
Some of the prominent players present in the CNG vehicles market include Ford Motor Company, General Motors, Volkswagen, AB Volvo, Daimler AG, EvoBus GmbH, MAN, Suzuki Motor Corporation, FCA US LLC, and Hyundai Motor Group, among others.
Click Here to Get Access of Free Sample Pages @  https://www.marketindustryreports.com/pdf/264
The global CNG market is driven by factors, such as stringent regulations regarding emissions & fuel efficiency, and the low running cost of vehicles. In many countries, governments are offering various incentives to encourage the use of CNG-based vehicles.  The better performance of CNG vehicles when compared with their counterparts and capabilities to transform petrol & diesel vehicles into vehicles that operate on CNG is supplementing market growth globally.
The Asia Pacific region is the largest market for CNG vehicles and is anticipated to continue its dominance in the coming years. The development of CNG infrastructure in major countries, stable growth of the automotive industry and a large customer base in the region are expected to drive market growth in the Asia Pacific region.
Segmentation:
By Product Type: Dedicated Fuel And Dual Fuel
Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, And Heavy Commercial Vehicle

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