Automotive Natural Gas Vehicle Market Outlook | Global Insights 2023

Muthyala17 Nov, 2023Other

Automotive Natural Gas Vehicle Market will be valued at USD 11.2 billion in 2022 and is poised to grow at a CAGR of 6.5% from 2023 to 2029. The global market provides a detailed overview of the Automotive Natural Gas Vehicle Market, which has been segmented by fuel type and vehicle type. The market has been segmented by fuel type into Compressed Natural Gas and Liquefied Natural Gas. The Compressed Natural Gas segment is likely the largest and fastest-growing in terms of fuel type. Based on vehicle type, the automotive natural gas vehicle is segmented into Passenger Vehicle, Light-duty & Heavy-duty Buses and Trucks, and Three-wheelers. According to precision business insights, the Passenger Vehicles Type segment is anticipated to register the fastest growth rate during the forecast period.