According to the research report, the global CNG powertrain market size is expected to touch USD 407.85 Billion by 2032, from USD 82.14 Billion in 2022, growing with a significant CAGR of 17.38% from 2023 to 2032.
The CNG powertrain report offers a
comprehensive study of the current state expected at the major drivers, market
strategies, and key vendors’ growth. The report presents energetic visions to
conclude and study the market size, market hopes, and competitive surroundings.
The research also focuses on the important achievements of the market, research
& development, and regional growth of the leading competitors operating in
the market. The current trends of the global CNG powertrain in conjunction with
the geographical landscape of this vertical have also been included in this
report.
The report offers intricate dynamics about
different aspects of the global CNG powertrain market, which aids companies
operating in the market in making strategic development decisions. The study
also elaborates on significant changes that are highly anticipated to configure
growth of the global CNG powertrain during the forecast period. It also
includes a key indicator assessment that highlights growth prospects of this
market and estimates statistics related to growth of the market in terms of
value (US$ Mn) and volume (tons).
Sample
Link @ https://www.precedenceresearch.com/sample/2743
| Report Coverage | Details |
| Market Size in 2023 | USD 96.42 Billion |
| Market Size by 2032 | USD 407.85 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 17.38% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Drive Type, By Fuel Type, and By Vehicle Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
This study covers a detailed segmentation
of the global CNG powertrain market, along with key information and a
competition outlook. The report mentions company profiles of players that are
currently dominating the global CNG powertrain market, wherein various
developments, expansions, and winning strategies practiced and implemented by
leading players have been presented in detail.
Key Players
- Cummins Inc.
- AB Volvo
- Robert Bosch GmbH.
- FPT Industrial S.P.A.
- Ford Motor Company
- Maruti Suzuki India Limited
- Volkswagen AG
- Hyundai Motor Company
- Nissan Motor Co., Ltd.
- Honda Motor Company
Market Segmentation
- All-wheel Drive
- Rear Wheel Drive
- Front Wheel Drive
By Fuel Type
- Mono Fuel
- Bi-fuel
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
Research Methodology
The research methodology adopted by
analysts for compiling the global CNG powertrain report is based on detailed
primary as well as secondary research. With the help of in-depth insights of
the market-affiliated information that is obtained and legitimated by market-admissible
resources, analysts have offered riveting observations and authentic forecasts
for the global market.
During the primary research phase, analysts
interviewed market stakeholders, investors, brand managers, vice presidents,
and sales and marketing managers. Based on data obtained through interviews of
genuine resources, analysts have emphasized the changing scenario of the global
market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global CNG powertrain market.
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