MRR

Global Natural Gas Vehicles (NGVs) Strategic Business Report 2023: Stringent Vehicular Emission Norms Throws the Focus Squarely on NGVs

Global Natural Gas Vehicles (NGVs) Strategic Business Report 2023: Stringent Vehicular Emission Norms Throws the Focus Squarely on NGVs

DUBLIN, June 16, 2023 /PRNewswire/ — The “Natural Gas Vehicles (NGVs): Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Natural Gas Vehicles (NGVs) estimated at 25.2 Million Units in the year 2022, is projected to reach a revised size of 42.3 Million Units by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030.

Light Duty Vehicles, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach 39 Million Units by the end of the analysis period.

Taking into account the ongoing post-pandemic recovery, growth in the Medium & Heavy Duty Trucks segment is readjusted to a revised 6% CAGR for the next 8-year period.

The U.S. Market is Estimated at 172.2 Thousand Units, While China is Forecast to Grow at 7.4% CAGR

The Natural Gas Vehicles (NGVs) market in the U.S. is estimated at 172.2 Thousand Units in the year 2022. China, the world’s second-largest economy, is forecast to reach a projected market size of 9.9 Million Units by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 11.6 Million Units by the year 2030.

Select Competitors (Total 55 Featured) –
AB Volvo
Bajaj Auto Limited
Bayerische Motoren Werke AG
CNH Industrial N.V.
Daimler AG
Dongfeng Motor Corporation
Ford Motor Company
General Motors Company
Landi Renzo S.p.A.
Opel Automobile GmbH
PACCAR Inc.
Tata Motors Limited

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
– Influencer Market Insights
– World Market Trajectories
– Natural Gas Vehicles (NGVs) – Global Key Competitors Percentage Market Share in 2022 (E)
– Difficult to Reduce Carbon Footprint of the Automotive Industry Shifts Focus to Alternate Fuel Vehicles
– Inability of Conventional ICE Powered Vehicles to Demonstrate Desired Reductions in CO2 Emissions to Drive the Focus on Alternative Fuel Vehicles: Official Laboratory CO2 Reduction Claims Vs On-Road Emission Efficiency (In Grams per Kilometer) for the Years 2008, 2010, 2012, 2014, 2016, 2018, and 2020
– Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
– COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
– Continued High Unemployment Levels Challenges Growth in Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
– As Mass Vaccination Drives Get Underway Worldwide, Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
– How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of COVID-19 Vaccinations (Per 100 People) As of February 2021 by country
– Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
– How the Automotive & Clean-Tech Industries Are Impacted by the Pandemic & What’s the New Normal?
– The Automotive Industry
– Global Automotive Market Reset & Trajectory – Growth Outlook (In %) For Years 2019 Through 2025
– Clean Technologies
– A Strong Rebound in Clean Technologies Brings Good News for NGVs: Global Clean Technologies Market Reset & Trajectory – Growth Outlook (In %) For Years 2019 Through 2025
– Natural Gas Vehicles (NGVs) – Definition & Scope
– Recent Market Activity
– Innovations
– Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
– Growing Global Focus on Decarbonizing the World Offers Attractive Opportunities for NGVs in Decarbonizing the Transportation Sector
– Stringent Vehicular Emission Norms Throws the Focus Squarely on NGVs
– A Review of Environmental & Emission Norms Legislated Till Date
– With Transportation Accounting for Close to 23.2% of Global GHG Emissions, the Time is Ripe for the Adoption of an Integrated Approach Towards Reducing CO2 Involving NGVs: Global CO2 Emissions (In Billion Metric Tons) for the Year 2021
– Post COVID-19 Focus on Sustainability Will Drive NGV Adoption in Creating a Cleaner & Greener Transportation Industry
– Here’s Why the Environment & Sustainability Will be Top Priorities After the Pandemic
– Compliance Standards for Reducing Emissions from Vehicles to Become Stricter, Post Pandemic Global GHG Emissions from Transportation (In Billion Tons of CO2) for the Year 2021
– How NGVs Can Help Address the Sustainability Challenge?
– Cost Benefits, Environmental Motives and Government Incentives Catalyze Adoption Rates of NGVs
– Commercial Vehicle Fleet Owners Adopt NGVs to Meet Carbon Footprint Goals & Drive Profits Through Higher Fuel Economy
– Rising Popularity of EVs. What Does it Mean for NGVs
– Global EV Market Outlook
– Growing Number of EVs On Road, Will It Dislodge Technology Investments in NGVs: Number of EVs On Road Worldwide by Type (In 000 Units) for the Years 2019 and 2022
– NGVs Will Continue to Have a Future Alongside EVs, Here’s Why?
– Initiatives Undertaken for the Development of Fueling Infrastructure Spurs NGV Penetration
– Bio-CNG Vehicles Emerge to Counter the Methane Emission Threat Posed by NGVs
– Cost Pressures in the Logistics Industry Spurs Market Opportunities for Natural Gas as a Cost-Effective Alternate Fuel
– Focus on Road Infrastructure Development Post Pandemic to Ensure Sustained Growth of NGVs in Road Freight Transportation
– Continuous Development of World’s Highways to Expand Market Opportunities for Commercial Vehicle NGVs: Length of Road Networks (In 000 Kilometers) in Top 15 Countries Worldwide for the Year 2020
– Natural Gas Market Outlook
– How Shale Gas Revolution Has Lowered Natural Gas Prices?
– Despite the Strengthening of Prices Post 2020 Crisis, Natural Gas Still Remains Cheap
– Growing Competition from Liquid Biofuels Pose a Challenge to Market Prospects

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/931zkb

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products, and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

Lamborghini

Lamborghini expands in Europe with its first dealership in Norway

Grand opening of Oslo showroom and local premiere of Lamborghini Revuelto

Sant’Agata Bolognese/Oslo, 16 June 2023 – Italian luxury car manufacturer, Lamborghini, is increasing its presence in Northern Europe by opening its first showroom in Norway. The grand opening in Lamborghini Oslo included the local debut of the brand’s first V12 super sports hybrid plug-in vehicle, the HPEV (High Performance Electrified Vehicle), in front of an exclusive group of guests. Stephan Winkelmann, the Chairman and CEO of Automobili Lamborghini, Federico Foschini, the Chief Sales and Marketing Officer, and Nils Tronrud, Chairman of XPND Group and Lamborghini Oslo dealership representative, attended the event.

“2023 is a very special year for Automobili Lamborghini, with the celebration of the brand’s 60th anniversary and the launch of our first V12 super sports hybrid plug-in HPEV,” said Winkelmann. “The opening of the first showroom in Norway is significant for us, as it allows our future customers in Norway to experience our brand, values, and super sports cars. We are thrilled to introduce the Lamborghini Revuelto to Norway, following its successful reception and strong orders in other markets.“

“As an entrepreneur and a car enthusiast, we are immensely proud and honored to represent Lamborghini in the Norwegian market,” said Nils Tronrud. “I still remember when I was a child, playing with car cards and learning about the technical details and design features of the iconic Lamborghini Miura, the first supercar ever. Being here today, opening our showroom and seeing the new Revuelto alongside the Miura, is like a dream come true for me.”

The opening event featured a special performance by the renowned Norwegian band Kickslip and DJ Boge. It also showcased a unique artwork by local artist Nicolay Aamodt, celebrating Automobili Lamborghini’s 60th anniversary. The artwork drew inspiration from the design and colors of Lamborghini’s most iconic models. The 150 guests had the opportunity to explore Lamborghini’s current lineup of super sports cars, including the recently launched Huracan Sterrato, which had its dynamic debut in Chuckwalla, USA. The 390 square meters showroom showcased a blend of Lamborghini’s past and future, with the presentation of the Lamborghini Miura, previously owned by Frank Sinatra, alongside the new Lamborghini Revuelto.[1]

The Europe, Middle East, and Africa (EMEA) region is the largest of the three Lamborghini regions, which also include the Americas and Asia Pacific, in terms of sales volume. Currently, the EMEA region consists of 32 markets, including Norway, out of the total 53 worldwide. After achieving a record-breaking sales year in 2022 with over 9,200 cars delivered globally, Automobili Lamborghini aims to further expand its brand network. In the EMEA region, where sales grew by 7% in 2022 compared to 2021, Lamborghini is now represented by 78 showrooms.

[1] The vehicle is not yet available for sale and is therefore not subject to Directive 1999/94/EC. The fuel consumption and emissions data are in the type approval stage.

Featured

Jacob & Co. Sponsors A Bugatti Chiron For The Gumball 3000 Rally

Jacob & Co.’s groundbreaking collaboration with Bugatti seamlessly infuses elements from multi-million dollar hypercars into an incredible collection of ultra-exclusive luxury timepieces. Stepping into the shoes of Bugatti and its pursuit of performance, Jacob & Co. is joining a Bugatti Chiron on its Gumball 3000 journey as a main sponsor. The Gumball 3000, a legendary international car rally, brings together adrenaline-fueled enthusiasts from around the world for an epic adventure where high-performance vehicles, glamorous locations, and automotive culture collide.

Owned by video creator Omid Mouazzen, the Bugatti Chiron has been transformed with a vibrant vinyl wrap and sponsor decals celebrating the iconic rally event. Along with Jacob & Co. branding on the roof and active rear wing of the Bugatti Chiron, the driver and passenger are wearing stunning Jacob & Co. Bugatti Chiron Tourbillons that match the hypercar’s new livery. Omid’s Jacob & Co. Bugatti watch features a white ceramic case and orange strap, while his co-driver’s watch presents a stealthy look with a black ceramic case and strap. Starting with a parade start in Edinburgh, U.K., the Bugatti Chiron sets off on his 3,000+ mile voyage across Europe. View all Bugatti Chiron examples for sale on duPont REGISTRY by clicking the link below.

View All Bugatti Chiron For Sale

 
Featured

Lamborghini Opens Its First Norway Showroom In Oslo

The automotive industry is faced with the challenge of reducing emissions and minimizing environmental impact in many regions around the world. For supercar manufacturers like Lamborghini, finding solutions to these challenges is crucial for entering new markets. In celebration of its 60th anniversary, Lamborghini unveiled its first plug-in hybrid flagship supercar, the Revuelto, capable of an impressive 1,001 horsepower. The grand opening of Lamborghini Oslo, which marks Lamborghini’s first showroom in Norway, showcased the Revuelto as the star of the event.

The opening of Lamborghini Oslo not only introduced the showroom to the local audience but also marked the debut of the Revuelto in Norway. Lamborghini CEO Stephan Winkelmann, Chief Sales and Marketing Officer Federico Foschini, Nils Tronrud, Chairman of XPND Auto Group (which operates the new showroom), and a select group of guests attended the event. Besides showcasing the Revuelto, the grand opening featured a performance by the Norwegian band Kickslip and DJ Boge. Additionally, a unique painting by Nicolay Aamodt, celebrating Lamborghini’s 60th anniversary, was presented, marking the beginning of an exciting era for Lamborghini in a new country.

View All Lamborghinis For Sale


15 Photos

Technology

Enabling Dark Mode On Any Website: A Step-By-Step Guide For Android

When using the web on an Android device, enabling Dark Mode can have critical benefits such as reducing eye strain and improving battery life, especially on OLED screens.

The comfort of Dark Mode comes from the reduced brightness and contrast it offers, which helps alleviate eye strain. Bright screens can lead to computer vision syndrome, but with Dark Mode, the lower luminance provides a more relaxing viewing experience, especially in low-light conditions.

For Android devices with OLED screens, enabling Dark Mode also has a significant battery-saving advantage. Unlike LCD screens that use a backlight to illuminate all pixels simultaneously, OLED displays have individual pixels that emit their own light. As a result, dark pixels on OLED screens consume less power, allowing for better battery performance and longer usage away from the charger.

Whether you want to reduce eye strain or conserve battery life, enabling Dark Mode can significantly enhance your browsing experience on Android. Follow this step-by-step guide to turn it on and enjoy the benefits.

Technology

All The Most Popular Map Apps For Android Ranked Worst To Best

When it comes to navigation apps, convenience and ease of use are crucial. However, one particular app, CoPilot GPS Navigation, may not be the most user-friendly option for Android users. Despite its attractive graphics and popularity, CoPilot’s setup process can be quite challenging.

Upon opening the app, users are immediately faced with a mandatory sign-up page that cannot be skipped. This means users are required to create an account without the option for guest access, and there is no need for email verification. Following this step, users must then decide the type of vehicle they are using, whether it’s a car, semi-truck, or RV. This choice comes with restrictive warnings and potential additional purchases.

After facing complicated menus, long downloads, and anxiety-inducing warnings, users finally have their CoPilot app ready for navigation. However, before they can even enter their first destination, a pop-up appears informing them that this is just a 14-day trial, and they must purchase the app for continued use.

It’s important to note that CoPilot GPS Navigation is a paid app with a high price tag. Considering the abundance of other navigation apps available, it may be hard to justify investing in CoPilot. While it does offer offline maps, turn-by-turn directions, and voice guidance, there are alternative options that provide a smoother and more user-friendly experience at a lower cost.

Technology

11 Essential Free Apps for Mac Users

When it comes to video editing, many Mac users rely on iMovie, which is a pre-installed and free-to-use software. However, iMovie has its limitations and might not meet everyone’s needs. While there are premium options like Final Cut Pro or Adobe Premiere Pro available, they can be expensive.

Fortunately, Mac users can explore DaVinci Resolve, a completely free video editing software that offers a lot of functionality even in its basic version. Although there is a paid version, the free version of DaVinci Resolve surpasses iMovie with features such as color correction, 8K editing, and visual effects.

News

Meta scales back its COVID-19 misinformation policy

During the peak of the COVID-19 pandemic, Meta, along with other major platforms, took steps to combat the spread of dangerous misinformation and disinformation. This move was prompted by the tech industry’s role in shaping public opinion on various societal issues, such as elections and child welfare. The goal was to protect users and limit the negative health effects and deaths caused by COVID-19.

As misinformation about COVID-19, including false claims about vaccines and the origins of the virus, became more prevalent, Meta joined forces with platforms like Twitter and YouTube to establish official guidelines on content that could be shared. However, as global COVID-19 cases and deaths declined, Twitter stopped enforcing its policy. Now, with national governments and the World Health Organization adopting a more relaxed approach to the pandemic, Meta and other platforms are following suit.

Although COVID-19 cases are lower compared to two years ago, there are still thousands of Americans testing positive for the disease daily, particularly among the elderly, despite widespread vaccination. With the possibility of future outbreaks, Meta and other platforms may revise their policies once again. In the meantime, Meta’s misinformation policy will remain intact in areas where COVID-19 is still considered a public health emergency.

Cars

Ranking of Major Car Battery Brands, from Worst to Best

Walmart’s store brand, Everstart, is known for its affordability in the lead-acid battery varieties. However, some buyers have reported issues with reliability and short lifespan. Nevertheless, Everstart has received positive reviews on Walmart’s website and offers a wide range of battery sizes.

Everstart’s Value line is designed to be a very low-cost battery that can get the job done in an emergency. The cold cranking amps may be lower compared to other batteries, for example, the Everstart Value Group 65 is rated at 650 CCA compared to the Maxx’s 850. Additionally, the warranty for the Value line is only for one year. However, most stores and online retailers offer a variety of group sizes for this line. If cost is the main concern, Everstart Value batteries are priced below a hundred dollars for most group sizes.

The Everstart Maxx battery is considered a good compromise between performance and price. It offers good value for the money spent. One notable advantage of the Everstart Maxx is its three-year warranty, which adds to its overall value. This warranty can be especially beneficial for those who live near a Walmart store, as exchanging a failed battery is as simple as visiting the store with the battery core and a receipt. However, this option only works if there is an Auto Center on-site to test the battery.

While Everstart does offer an AGM (Absorbent Glass Mat) option, it is worth noting that most other brands on this list offer better alternatives at a similar price point.

Featured

Tata Nexon Continues to Lead Subcompact SUV Sales in May 2023, Outperforming Maruti Brezza


Hyundai Venue follows closely behind, lagging by a few thousand units

In May 2023, the subcompact SUV market witnessed relatively stable demand, with a total of over 55,000 units sold. While some models experienced growth, others faced a decline. The Maruti Brezza saw the most significant gains, whereas the Kia Sonet suffered a notable loss. Meanwhile, the Tata Nexon maintained its position at the top of the list.

Here’s a breakdown of the subcompact SUV sales in May 2023, according to each model:

Sub-compact SUVs & crossovers

May 2023

April 2023

MoM Growth

Market share current(%)

Market share (% last year)

YoY mkt share (%)

Average sales (6 months)

Tata Nexon

14423

15002

-3.85

25.87

29.55

-3.68

14529

Maruti Brezza

13398

11836

13.19

24.03

20.85

3.18

13456

Hyundai Venue

10213

10324

-1.07

18.32

16.78

1.54

10018

Kia Sonet

8251

9744

-15.32

14.8

15.97

-1.17

8521

Mahindra XUV300

5125

5062

1.24

9.19

10.15

-0.96

5024

Nissan Magnite

2618

2617

0.03

4.69

3.88

0.81

2547

Renault Kiger

1713

1162

47.41

3.07

2.79

0.28

1677

Total

55741

55747

-0.01

99.97

Key Takeaways

  • Despite a month-on-month (MoM) decline of nearly 4 percent, Tata Nexon continues to lead the sales chart with over 14,000 units sold in May 2023. It’s important to note that these figures include the sales of Nexon EV Prime and Nexon EV Max.

  • The demand for the Hyundai Venue remained stable, making it the only subcompact SUV, apart from Nexon and Brezza, to surpass the 10,000 units mark in May 2023.

Also See: Here’s A Detailed Look At The Interior And Features Of Hyundai Exter

  • Kia Sonet experienced a significant MoM decline of over 15 percent in May 2023 sales, resulting in a drop of nearly 1,500 units.

Also See: Facelifted Mahindra XUV300 Caught On Camera Again Revealing Two New Details

  • Despite a notable MoM sales growth of over 45 percent, the Kiger remains the lowest-selling subcompact SUV in May 2023, with fewer than 2,000 units sold.

Read More on : Nexon AMT

Exit mobile version