Zion Market Research Global Automotive Natural Gas Vehicle Market, 2016 | Page 4

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, non-methane organic gas, carbon monoxide, and
carbon dioxide and result in rising demand for automotive natural gas vehicle in the
Middle East and Africa.
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.