Top 5 Vendors in the Global Compressed Natural Gas Vehicles from 2017-2021: Technavio
Technavio
has announced the top five leading vendors in their recent global
compressed natural gas (CNG) vehicles market report until
2021. This research report also lists two other prominent vendors that
are expected to impact the market during the forecast period.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170530005719/en/
Technavio has published a new report on the global compressed natural gas (CNG) vehicles market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global
compressed natural gas vehicles market for 2017-2021 provides a
detailed industry analysis based on applications (passenger cars,
three-wheelers, and M&HCVs) and geography (EMEA, APAC, and the Americas).
“The global compressed natural gas vehicles market is projected to
reach over 2600 thousand units by 2021, growing at a CAGR of nearly 5%
over the forecast period. The impressive improvement in the CNG
infrastructure in India is a key factor driving the growth of the market,”
says Praveen Kumar, a lead analyst at Technavio for automotive
manufacturing research.
Competitive vendor landscape
The global CNG vehicles market is moderately competitive, with a limited
number of well-established vendors. Key vendors in the market are
currently focusing on increasing their customer base and investments in
R&D. The competitive environment in the market is expected to intensify
over the forecast period with advances in technology and introduction of
new government regulations.
The increasing demand for alternative fuels due to the increase in
global emissions of greenhouse gases is adding pressure on the vendors
to maintain effective control over the emission levels of cars to pass
the scrutiny successfully. Automotive manufacturers are expected to get
into long-term collaborations with the vendors, to maintain their unique
quality of materials used and design, which are crucial factors in
managing cost.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.
Top five vendors in the global compressed natural gas vehicles market
Ford Motor
Ford Motor manufactures and distributes automobiles worldwide. It
provides vehicles under the brand names Ford and Lincoln. Its
gaseous-fuel-prepped engines include hardened components such as valves
and valve seats, which can withstand the higher operating temperatures
and lower lubricity of gaseous fuels.
Volkswagen
Volkswagen consists of two divisions: automotive and financial services.
The company, through its automotive division, develops, produces, and
sells passenger cars, commercial vehicles, trucks, and buses. The
financial services division deals with customer service and dealers in
the field of financing, leasing, insurance, and fleet business.
General Motors
General Motors, along with its subsidiaries, designs, manufactures, and
markets a wide range of cars, trucks, and automobile parts and
components across the world. It also provides automotive financing
services through its US-based subsidiary GM Financial.
Honda Motor
Honda Motor is involved in the development, manufacturing, and
distribution of motorcycles, automobiles, and power products such as
generators and farm machinery. The company produces a range of
motorcycles varying from engine displacement of 50 cubic centimeter
class to the 1,800-cubic centimeter class.
Nissan
Nissan is involved in the manufacturing, sales, and related business of
automotive products and marine equipment. The company's segments include
automobile and sales financing. It manufactures vehicles in
approximately 20 countries and areas worldwide including Japan.
Browse Related Reports:
Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they’re published in
addition to all 6,000+ existing reports covering segments like wheels
and tires, powertrain,
and automotive
components. This subscription nets you thousands in savings,
while staying connected to Technavio’s constant transforming research
library, helping you make informed business decisions more efficiently.
About Technavio
Technavio
is leading global technology research and advisory company. The company
develops over 2000 pieces of research every year, covering more than 500
technologies across 80 countries. Technavio has about 300 analysts
globally who specialize in customized consulting and business research
assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170530005719/en/
Copyright Business Wire 2017
