COVID-19 Impact and Recovery Analysis- Autogas Market 2020-2024 | Rising Need for Cleaner Fuel to Boost Growth | Technavio

  • May 12, 2020
  • Business Wire

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the autogas market and it is poised to grow by 2.91 million tonnes during 2020-2024, progressing at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., Equinor ASA, Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Marathon Petroleum Corp., PJSC Gazprom, PJSC LUKOIL, Royal Dutch Shell Plc, and TOTAL SA. are some of the major market participants. The rising need for cleaner fuel will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Rising need for cleaner fuel has been instrumental in driving the growth of the market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41284

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our autogas market report covers the following areas:

This study identifies the increasing use of natural gas in the transportation sector as one of the prime reasons driving the autogas market growth during the next few years.

We provide a detailed analysis of vendors operating in the autogas market, including some of the vendors such as BP Plc, Chevron Corp., Equinor ASA, Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Marathon Petroleum Corp., PJSC Gazprom, PJSC LUKOIL, Royal Dutch Shell Plc, and TOTAL SA. Backed with competitive intelligence and benchmarking, our research reports on the autogas market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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