Automotive Natural Gas Vehicle Market Global Automotive Natural Gas Vehicle Market : Regional Analysis
Asia Pacific is the dominating region for automotive natural gas vehicle market as it accounted for the largest market share . Latin America comes second in the global ranking , as almost all vehicles in this region have bio-fuel engines that allow vehicles to run on either gasoline or CNG . Use of natural gas vehicles provides fuel efficiency and significant savings over the life of the vehicle boosting the global market growth in North America . The automotive natural gas vehicle is costly due to the cost of installation high-pressure insulated fuel tank , which facilitates fuel extraction from CNG or LPG . The emission from of the automotive natural gas vehicle is comparatively lower than diesel and gasoline counterparts . This will help in reduction of dangerous pollutants such as nitrogen gas , nonmethane organic gas , carbon monoxide , and carbon dioxide and result in rising demand for automotive natural gas vehicle in the Middle East and Africa .
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Global Automotive Natural Gas Vehicle Market : Competitive Players
Major players in the global automotive natural gas vehicle market are Volkswagen AG , Isuzu Motors Ltd ., Suzuki Motor Corporation Ltd ., Caterpillar Inc ., and Honda Motor Company Ltd . Other players include AB Volvo , Ford Motor Company , General Motors Company , Toyota Motor Corporation , and Renault SA .