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Global Natural Gas Vehicles (NGVs) Market to Reach 34.7 Million Units by 2027


Global Natural Gas Vehicles (NGVs) Market to Reach 34.7 Million Units by 2027
Amid the COVID-19 crisis, the global market for Natural Gas Vehicles (NGVs) estimated at 23.2 Million Units in the year 2020, is projected to reach a revised size of 34.7 Million Units by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027. Light Duty Vehicles, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach 31.9 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium & Heavy Duty Trucks segment is readjusted to a revised 5.3% CAGR for the next 7-year period. ....

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