October 21, 2020

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Light And Heavy Duty Natural Gas Vehicle Market- Roadmap for Recovery from COVID-19 | Increasing Focus On Emission Reduction to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalLightandHeavydutyNaturalGasVehicleMarket–Technavio has been monitoring the light and heavy duty natural gas vehicle market and it is poised to grow by 251.43 K units during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.


Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market?
    Rapid growth in the development of near-zero emission NGV is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 0.21% and the incremental growth of the market is anticipated to be 251.43 K units.
  • Who are the top players in the market?
    AB Volvo, CNH Industrial NV, Cummins Inc., Daimler AG, General Motors Co., MAN SE, Navistar International Corp., PACCAR Inc., Renault SA, and Volkswagen AG, are some of the major market participants.
  • What is the key market driver?
    The increasing focus on emission reduction is one of the major factors driving the market.
  • How big is the APAC market?
    The APAC region will contribute 59% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, CNH Industrial NV, Cummins Inc., Daimler AG, General Motors Co., MAN SE, Navistar International Corp., PACCAR Inc., Renault SA, and Volkswagen AG are some of the major market participants. The increasing focus on emission reduction will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Light and Heavy duty Natural Gas Vehicle Market 2020-2024: Segmentation

Light and Heavy duty Natural Gas Vehicle Market is segmented as below:

  • Application

    • Light-duty NGV
    • Heavy-duty NGV
  • Geography

    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44296

Light and Heavy duty Natural Gas Vehicle Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The light and heavy duty natural gas vehicle market report covers the following areas:

  • Light and Heavy duty Natural Gas Vehicle Market Size
  • Light and Heavy duty Natural Gas Vehicle Market Trends
  • Light and Heavy duty Natural Gas Vehicle Market Industry Analysis

This study identifies rapid growth in the development of near-zero emission NGV as one of the prime reasons driving the light and heavy duty natural gas vehicle market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Light and Heavy duty Natural Gas Vehicle Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist light and heavy duty natural gas vehicle market growth during the next five years
  • Estimation of the light and heavy duty natural gas vehicle market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the light and heavy duty natural gas vehicle market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of light and heavy duty natural gas vehicle market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application by Volume

  • Market segments
  • Comparison by Application by volume
  • Light-duty NGV – Market size and forecast 2019-2024
  • Heavy-duty NGV – Market size and forecast 2019-2024
  • Market opportunity by Application by volume

Customer landscape

Geographic Landscape by Volume

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AB Volvo
  • CNH Industrial NV
  • Cummins Inc.
  • Daimler AG
  • General Motors Co.
  • MAN SE
  • Navistar International Corp.
  • PACCAR Inc.
  • Renault SA
  • Volkswagen AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com
Website: www.technavio.com/

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