Driving Forward: Exploring the CNG And LPG Vehicle Market
The automotive industry is witnessing a paradigm shift towards sustainable mobility solutions, with the CNG And LPG Vehicle Market emerging as key players in this transition. As the world grapples with environmental concerns and seeks to reduce carbon emissions, the demand for alternative fuel vehicles has surged.
The CNG and LPG vehicle market is estimated to be valued at USD 5.33 Bn in 2024 and is expected to reach USD 12.11 Bn by 2031, growing at a compound annual growth rate CAGR of 12.4% from 2024 to 2031.