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CNG & LPG Vehicles Market Share

  • Report ID: GMI7484
  • Published Date: Nov 2023
  • Report Format: PDF
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CNG & LPG Vehicles Market Share

Major companies operating in the CNG & LPG vehicles industry are:

  • Ford Motor Company
  • Maruti Suzuki
  • Volkswagen Group
  • Honda
  • Hyundai Motor Company
  • Renault
  • Tata Motors

Ford Motor Company holds the largest market share as the company offers consumers a compelling value proposition, including fuel efficiency, reduced emissions, and competitive pricing, would contribute to Ford's potential dominance in the CNG & LPG vehicles segment. Ford's potential success in the market could be linked to a well-executed strategy involving the development and promotion of vehicles that run on these alternative fuels.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of CNG & LPG vehicles reached USD 11.4 billion in 2022 and is set to witness a CAGR of over 7% through 2032, led by the escalating environmental concerns and regulations worldwide, alongside advancements in CNG technology.

The CNG segment held around 78% market share in 2022. CNG's superiority is attributed to its dual-appeal environmental benefits and cost efficiency.

Asia Pacific market accounted for over 30% revenue share in 2022, driven by favourable government policies & incentives and technology advancements.

Ford Motor Company, Maruti Suzuki, Volkswagen Group, Honda, Hyundai Motor Company are some of the major industry contenders.

CNG & LPG Vehicles Market Scope

  • CNG & LPG Vehicles Market Size
  • CNG & LPG Vehicles Market Trends
  • CNG & LPG Vehicles Market Analysis
  • CNG & LPG Vehicles Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 15
    • Tables & Figures: 310
    • Countries covered: 20
    • Pages: 250
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