Latest Study on Industrial Growth of LNG Transport Vehicle Market 2023-2029. A detailed study accumulated to offer Latest insights about acute features of the LNG Transport Vehicle Market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The market includes news and updates about the market current situation, historic data, present market trends, and this factor which is valuable and supportive to the business. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The LNG Transport Vehicle market is anticipated to register an expansion at a CAGR of 9.3% during the forecast period, 2023–2029.
Key Players in This Report Include:
Shell, Gasum, Volvo, Elengy, Vincent Logistics, Dongfeng, CLW Group, Hubei Huaxing, Hebei Juwang, CIMC Enric, Hubei Qixing, Anster
Industry News:
Volvo has acquired 2 companies, including 1 in the last 5 years. It has also divested 6 assets. Volvo’s largest acquisition to date was in 2000, when it acquired Renault Trucks for $1.5B. It’s largest disclosed sale occurred in 1999, when it sold Volvo Car to Ford Motor for $6.5B. Volvo has acquired in 2 countries. The Company’s most targeted sectors include automotive (50%) and electrical equipment (50%)
Hubei Xin Yegang has acquired 1 company. Hubei Xin Yegang’s largest acquisition to date was in 2005, when it acquired Daye Special Steel for $75M. The Company’s most targeted sectors include metals/mining (100%).
CIMC Enric Tank & Process B.V. has acquired 1 company, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. The Company’s most targeted sectors include machinery (100%).
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The LNG Transport Vehicle market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market, opportunities and upcoming challenges and about the competitors.
The LNG Transport Vehicle Market segments and Market Data Break Down are illuminated below
By Type:
LNG Semi-Trailer Transport Tanker
LNG Container Tanker
By Application:
Gas Station
Oilfield
Other
The LNG Transport Vehicle market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Following are the various regions covered by the LNG Transport Vehicle Market research report:
North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, and Rest of APAC), South America (Brazil, Argentina, Columbia and Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, Nigeria, UAE and Rest of MEA)
Asia-Pacific to Dominate the Market
- Asia-Pacific accounted for the largest LNG carrier market share in 2020 due to increased demand for natural gas because of high industrial growth and the adoption of clean energy sources. Therefore, the region is expected to continue its dominance in the market throughout the forecast period. Most of the demand in the region came from China.
- In 2023, the Chinese government announced that it is building the largest liquefied natural gas carrier with a capacity of 270,000 cubic meters to meet the rising demand for clean fuel in the country. China’s LNG import is still severely dependent on foreign LNG carriers, with an external capacity dependence rate of more than 65%.
- China imported more than 68.9 million metric ton of liquefied natural gas (LNG) in 2023, an 11.7% increase compared to 2019. Therefore, China became a vital contributor to the global LNG industry’s development and prosperity.
- Net LNG imports in Asia in 2020 increased by 9.5 MT. On the other hand, Australia in the Pacific region overtook Qatar as the largest exporter in 2020, exporting 77.8 MT of LNG.
- The growing LNG consumption by various end-user industries, such as manufacturing, petrochemicals, and fertilizers, is on a consistent rise in China and South Korea. Japan prevalently consumes LNG for power generation. These countries are expected to aid in the growth of the Asia-Pacific market.
Objectives of the Report
- To carefully analyses and forecast the size of the market by value and volume.
- To estimate the market shares of major segments of the LNG Transport Vehicle
- To showcase the development of the market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the LNG Transport Vehicle market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the LNG Transport Vehicle
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the LNG Transport Vehicle market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Key Points Covered in Market Report:
-Market Overview, Definition and Classification Market drivers and barriers
-Market Competition by Manufacturers
-Impact Analysis of COVID-19 on Market
-Market Capacity, Production, Revenue (Value) by region (2023-2029)
-LNG Transport Vehicle Supply (Production), Consumption, Export, Import by Region (2023-2029)
– LNG Transport Vehicle market Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
-LNG Transport Vehicle Manufacturers Profiles/Analysis & Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
-Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Effect Factors Analysis.
Key questions answered
– How feasible is LNG Transport Vehicle market for long-term investment?
– What are influencing factors driving the demand for LNG Transport Vehicle near future?
– What is the impact analysis of various factors in the LNG Transport Vehicle market growth?
– What are the recent trends in the regional LNG Transport Vehicle market and how successful they are?
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- 20% customization.
- 5 Countries can be added as per your choice.
- 5 Companies can add as per your choice.
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