LNG commercial vehicle refers to a commercial vehicle fueled by liquefied natural gas. The engine of this model is smaller and simpler, which can save up to 50% of fuel, but still can provide high horsepower and meet the power requirements of heavy-duty vehicles with less fuel. At the same time reduce particulate matter and carbon emissions.
Due to the COVID-19 pandemic, the global LNG Commercial Vehicle market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Spark Ignition accounting for % of the LNG Commercial Vehicle global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Cty Bus segment is altered to an % CAGR throughout this forecast period.
North America LNG Commercial Vehicle market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
- Spark Ignition
- Hybrid Compression Ignition
Segment by Application
- Cty Bus
- Urban Engineering Vehicles
- Sanitation Vehicles
- Logistics and Transportation Company
- Zhejiang Geely Holding Group
- Dongfeng Motor Corporation
Production by Region
- North America
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Mr. Shirish Gupta
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