Yahoo MoviesInsights on the Global Light and Heavy Duty Natural Gas Vehicle Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio
The light and heavy duty natural gas vehicle market is expected to grow by 251.43 K units, progressing at a CAGR of over 2% during the forecast period.
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Technavio has announced its latest market research report titled Global Light and Heavy duty Natural Gas Vehicle Market 2020-2024 (Graphic: Business Wire)
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The higher fuel efficiency of natural gas trucks is one of the major factors propelling market growth. However, factors such as high cost of heavy-duty NGVs will hamper the market growth.
More details: https://www.technavio.com/report/light-and-heavy-duty-natural-gas-vehicle-market-industry-analysis
Light and Heavy Duty Natural Gas Vehicle Market: Application Landscape
During 2020, the light-duty NGV segment accounted for the major shares and dominated the natural gas vehicles market. The coming years will witness a significant rise in the demand for light commercial vehicles (LCV) that play a significant role in the delivery of time-critical goods, high-value goods, and support services. The focus of LCV fleet operators to reduce their maintenance, repair, and operational expenses will propel the growth of this segment in the light and heavy duty natural gas vehicles market due to the low fuel costs of NGVs. However, the market growth in the light duty NGV segment will be slower than the growth of the market in the heavy-duty NGV segment.
Light And Heavy Duty Natural Gas Vehicle Market: Geographic Landscape
The rise in living standards and increasing disposable income in countries such as India, China, and South Korea, the growing need for logistics services, and the increasing demand for fuel-efficient vehicles from fleet operators to reduce operating costs will significantly drive light and heavy duty natural gas vehicle market growth in this region over the forecast period. 59% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for light and heavy duty natural gas vehicles in APAC. Market growth in this region will be slower than the growth of the market in South America.
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Companies Covered:
AB Volvo
CNH Industrial NV
Cummins Inc.
Daimler AG
General Motors Co.
MAN SE
Navistar International Corp.
PACCAR Inc.
Renault SA
Volkswagen AG
What our reports offer:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2019, 2020, until 2024
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
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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Key Topics Covered:
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
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