Market Research Future (MRFR) has launched a new release on the global Automotive Natural Gas Vehicle Market. The report presents a thorough overview of the global [FURL=https://www.marketresearchfuture.com/reports/automotive-natural-gas-vehicle-market-5750]Automotive Natural Gas Vehicle Market[/FURL] on the back of a detailed analysis of the market’s historical growth trajectory and leading segments. The market’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the market’s growth in the study period. Market Synopsis:
Depletion in natural oil resources is a major factor that is expected to promote the growth of the Automotive Natural Gas Vehicle Market growth, revealed Market Research Future (MRFR). As per the revised report published by MRFR on the global Automotive Natural Gas Vehicle Market, it states that the market is likely to be driven by a 6 % CAGR over the forecast period of 2017-2023.
Industry News
September 2019
Landi Renzo, an Italy based producer of compressed natural gas and autogas kits for automobiles, announced its partnership with Los Angeles World Airports, airport authority that is the owner and the operator of Van Nuys Airport and Los Angeles International Airport in Los Angeles. The pact to result in facilitating compressed natural fueling (CNG) systems to airport fleet.
Isuzu Motors South Africa (IMSAF), Tokyo-based, Africa manufacturer of diesel engine and commercial vehicle, to evaluate alternative propulsion technologies in two types of trucks to study the natural gas vehicle market growth in Africa.
Market Insights
Degrading environmental condition is expected to boost the global automotive naturals gas vehicle market. Declining quality of air is inducing several health conditions such asthma, COPD, and others in people. Recently, an increase in carbon footprint due to automobile population is noted. The rise in need for environmental pollution reduction is escalating the sales of natural gas-fueled automobiles. This factor is anticipated to drive the automotive naturals gas vehicle market growth, globally. In addition, the growing geriatric population, intolerant to environmental pollution, is also likely to cast a positive impact on the market growth.
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