Zion Market Research Global Automotive Natural Gas Vehicle Market, 2016 | Page 3

Automotive Natural Gas Vehicle Market
Global Automotive Natural Gas Vehicle Market: Growth Factors
Various initiatives are taken by the governments to encourage the use of natural gas; this is
anticipated to contribute to the global automotive natural gas vehicle market growth in the near
future. In addition, companies are highly investing in the renewable sources such as natural gas as the
cleaner alternative for fuel, which has created ample opportunities for the global market. Vehicle
owners are focusing on the acceptance of the environment-friendly and cleaner source of fuel at low
cost leading to the enormous increase in the demand for automotive natural gas vehicle globally.
Natural gas also offers various advantages whereas liquefied natural gas and compressed natural gas
are produced from it providing many environmental benefits to consumers. This is expected to fuel
the global market growth in future.
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natural-gas-vehicle-market
Global Automotive Natural Gas Vehicle Market: Segmentation
The global automotive natural gas vehicle market is categorized based on vehicle type as commercial
and passenger. On the basis of fuel type, the global market is classified as liquefied natural gas and
compressed natural gas. Furthermore, the automotive natural gas vehicle market is segregated based
on geography as Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa.