Nowadays, industry experts and policymakers are concerned over the rising price of crude oil and emission of greenhouse gasses. In order to find a non-conventional or alternative fuel, automakers have shifted towards natural gas to remain competitive in the market. The factors that are responsible for the growth of automotive natural gas vehicle market during the forecast period are growth in refueling infrastructure, low cost of natural gas, reduction of greenhouse gas emission, and rising crude oil price. Original equipment manufacturers, local gas distribution companies, gas retailers, leasing companies are shifting towards low cost and highly efficient alternative fuels technology, which can reduce the greenhouse gas emission. Industry experts have realized the potential benefits of natural gas due to long-term price stability, produce less carbon dioxide per unit of energy, cleanest burning fossil fuel, abundant availability in nature and conversions are available across all platforms. There is a huge investment required in expanding natural gas refueling infrastructure for the transportation industry. Thus, CNG or LPG is most likely the fuel technology that is suited for future transportation demand. The market for automotive natural gas vehicle is estimated to grow at 6% CAGR during the forecast period.
Automotive Natural Gas Vehicle Market Research Methodologies
The analysts of the Automotive Natural Gas Vehicle Market adopt advanced decision science approaches to identify current growth avenues and quantify them according to various segments relevant to the industries analyzed in the study. The team is always keen on adopting the most suitable business research methodologies to obtain and analyze customer data—a mix of primary and secondary research--including surveys, focus groups, and qualitative analysis to throw light on the market. As a result, the readers and other market participants can obtain all-inclusive insights on analyzing the external and internal environments shaping the marketing strategies.
Value Chain Analysis of Automotive Natural Gas Vehicle Market: External & Internal Environment
The changing policy frameworks including monetary policies of governments and financial landscape exert a strong influence on the investments and R&D funding in the Automotive Natural Gas Vehicle market. Together with this, the insights in the study present a deep-dive analysis of technological developments, ecological environment, and political and economic risks. The evaluation of the industry value chain also includes how social and cultural factors have shaped consumer behavior in the Automotive Natural Gas Vehicle market.
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Automotive Natural Gas Vehicle Market: Strategies to Generate Customer Value
The MRFR report on the Automotive Natural Gas Vehicle market presents an in-depth evaluation of the potential revenue size in key consumer and industrial segments. The report by MRFR analysts takes a closer look at vertical and horizontal marketing strategies that will boost the profitability metrics of the companies in the Automotive Natural Gas Vehicle market. The study also scrutinizes distribution channel strategies while analyzing competitive strategies by leading companies in Automotive Natural Gas Vehicle market.
Some of the key questions scrutinized are
• Which are some of the market nicher and follower strategies that positively impact demand in the Automotive Natural Gas Vehicle market?
• What are some of the mergers and acquisitions and strategic alliances in recent years which have opened up new revenue streams in the Automotive Natural Gas Vehicle market?
• Which demographics-based segmentation should new entrants focus on to enter the Automotive Natural Gas Vehicle market?
• What are some of the strategic alliances between companies that have impacted the intensity of competition in the Automotive Natural Gas Vehicle market?
Global Automotive Natural Gas Vehicle Market Growth: Identifying and Analyzing Lucrative Regions and Countries
The business intelligence study on the Automotive Natural Gas Vehicle market identifies lucrative regions, emerging markets, and the key dynamics impacting the channels of distribution across the globe. The study presents the share of some of the developing and developed regions in the global Automotive Natural Gas Vehicle market. The authors have analyzed some of the recent policy changes that may hinder the growth potential of key Automotive Natural Gas Vehicle markets.
The key players in automotive natural gas vehicle market are Dongfeng Motors Group Limited (China), AB Volvo (Sweden), Beiqi Foton Motors Group Limited (China), Shaanxi Automobile Group Limited (China), Daimler AG (Germany), and CNH Industrial NV (The Netherlands), Landi Renzo (Italy), and Westport (Canada).
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