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CNG and LPG Vehicle-Global Market Insights and Sales Trends 2024

CNG and LPG Vehicle-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1858317

No of Pages : 109

Synopsis
A natural gas vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). Natural gas vehicles should not be confused with autogas vehicles powered by liquefied petroleum gas (LPG), mainly propane, a fuel with a fundamentally different composition.
In a natural-gas-powered vehicle, energy is released by the combustion of methane gas (CH4) fuel with oxygen (O2) from the air to form carbon dioxide (CO2) and water vapor (H2O) in an internal combustion engine. Methane is the cleanest burning hydrocarbon, and many contaminants present in natural gas are removed at the source. Existing gasoline-powered vehicles may be converted to run on CNG or LNG and can be dedicated (running only on natural gas) or bi-fuel (running on either gasoline or natural gas). Diesel engines for heavy trucks and buses can also be converted and can be dedicated with the addition of new heads containing spark ignition systems, or can be run on a blend of diesel and natural gas, with the primary fuel being natural gas and a small amount of diesel fuel being used as an ignition source. It is also possible to generate energy in a small gas turbine and couple the gas engine or turbine with a small electric battery to create a hybrid electric motor-driven vehicle.
The global CNG and LPG Vehicle market size is expected to reach US$ 14820 million by 2029, growing at a CAGR of 3.4% from 2023 to 2029. The market is mainly driven by the significant applications of CNG and LPG Vehicle in various end use industries. The expanding demands from the Home Use and Commercial Use, are propelling CNG and LPG Vehicle market. Passenger Vehicle, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Commercial Vehicle segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CNG and LPG Vehicle, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CNG and LPG Vehicle market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CNG and LPG Vehicle market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG and LPG Vehicle sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CNG and LPG Vehicle covered in this report include Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Toyota, etc.
The global CNG and LPG Vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Toyota
Iran Khodro
Volvo Group
PSA
Mercedes-Benz
Great Wall Motors
Global CNG and LPG Vehicle market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CNG and LPG Vehicle market, Segment by Type:
Passenger Vehicle
Commercial Vehicle
Global CNG and LPG Vehicle market, by Application
Home Use
Commercial Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of CNG and LPG Vehicle manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CNG and LPG Vehicle in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 CNG and LPG Vehicle Market Overview
1.1 CNG and LPG Vehicle Product Overview
1.2 CNG and LPG Vehicle Market Segment by Type
1.2.1 Passenger Vehicle
1.2.2 Commercial Vehicle
1.3 Global CNG and LPG Vehicle Market Size by Type
1.3.1 Global CNG and LPG Vehicle Market Size Overview by Type (2018-2029)
1.3.2 Global CNG and LPG Vehicle Historic Market Size Review by Type (2018-2023)
1.3.3 Global CNG and LPG Vehicle Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America CNG and LPG Vehicle Sales Breakdown by Type (2018-2023)
1.4.2 Europe CNG and LPG Vehicle Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific CNG and LPG Vehicle Sales Breakdown by Type (2018-2023)
1.4.4 Latin America CNG and LPG Vehicle Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa CNG and LPG Vehicle Sales Breakdown by Type (2018-2023)
2 Global CNG and LPG Vehicle Market Competition by Company
2.1 Global Top Players by CNG and LPG Vehicle Sales (2018-2023)
2.2 Global Top Players by CNG and LPG Vehicle Revenue (2018-2023)
2.3 Global Top Players by CNG and LPG Vehicle Price (2018-2023)
2.4 Global Top Manufacturers CNG and LPG Vehicle Manufacturing Base Distribution, Sales Area, Product Type
2.5 CNG and LPG Vehicle Market Competitive Situation and Trends
2.5.1 CNG and LPG Vehicle Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by CNG and LPG Vehicle Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in CNG and LPG Vehicle as of 2022)
2.7 Date of Key Manufacturers Enter into CNG and LPG Vehicle Market
2.8 Key Manufacturers CNG and LPG Vehicle Product Offered
2.9 Mergers & Acquisitions, Expansion
3 CNG and LPG Vehicle Status and Outlook by Region
3.1 Global CNG and LPG Vehicle Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global CNG and LPG Vehicle Historic Market Size by Region
3.2.1 Global CNG and LPG Vehicle Sales in Volume by Region (2018-2023)
3.2.2 Global CNG and LPG Vehicle Sales in Value by Region (2018-2023)
3.2.3 Global CNG and LPG Vehicle Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global CNG and LPG Vehicle Forecasted Market Size by Region
3.3.1 Global CNG and LPG Vehicle Sales in Volume by Region (2024-2029)
3.3.2 Global CNG and LPG Vehicle Sales in Value by Region (2024-2029)
3.3.3 Global CNG and LPG Vehicle Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global CNG and LPG Vehicle by Application
4.1 CNG and LPG Vehicle Market Segment by Application
4.1.1 Home Use
4.1.2 Commercial Use
4.2 Global CNG and LPG Vehicle Market Size by Application
4.2.1 Global CNG and LPG Vehicle Market Size Overview by Application (2018-2029)
4.2.2 Global CNG and LPG Vehicle Historic Market Size Review by Application (2018-2023)
4.2.3 Global CNG and LPG Vehicle Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America CNG and LPG Vehicle Sales Breakdown by Application (2018-2023)
4.3.2 Europe CNG and LPG Vehicle Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific CNG and LPG Vehicle Sales Breakdown by Application (2018-2023)
4.3.4 Latin America CNG and LPG Vehicle Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa CNG and LPG Vehicle Sales Breakdown by Application (2018-2023)
5 North America CNG and LPG Vehicle by Country
5.1 North America CNG and LPG Vehicle Historic Market Size by Country
5.1.1 North America CNG and LPG Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America CNG and LPG Vehicle Sales in Volume by Country (2018-2023)
5.1.3 North America CNG and LPG Vehicle Sales in Value by Country (2018-2023)
5.2 North America CNG and LPG Vehicle Forecasted Market Size by Country
5.2.1 North America CNG and LPG Vehicle Sales in Volume by Country (2024-2029)
5.2.2 North America CNG and LPG Vehicle Sales in Value by Country (2024-2029)
6 Europe CNG and LPG Vehicle by Country
6.1 Europe CNG and LPG Vehicle Historic Market Size by Country
6.1.1 Europe CNG and LPG Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe CNG and LPG Vehicle Sales in Volume by Country (2018-2023)
6.1.3 Europe CNG and LPG Vehicle Sales in Value by Country (2018-2023)
6.2 Europe CNG and LPG Vehicle Forecasted Market Size by Country
6.2.1 Europe CNG and LPG Vehicle Sales in Volume by Country (2024-2029)
6.2.2 Europe CNG and LPG Vehicle Sales in Value by Country (2024-2029)
7 Asia-Pacific CNG and LPG Vehicle by Region
7.1 Asia-Pacific CNG and LPG Vehicle Historic Market Size by Region
7.1.1 Asia-Pacific CNG and LPG Vehicle Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific CNG and LPG Vehicle Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific CNG and LPG Vehicle Sales in Value by Region (2018-2023)
7.2 Asia-Pacific CNG and LPG Vehicle Forecasted Market Size by Region
7.2.1 Asia-Pacific CNG and LPG Vehicle Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific CNG and LPG Vehicle Sales in Value by Region (2024-2029)
8 Latin America CNG and LPG Vehicle by Country
8.1 Latin America CNG and LPG Vehicle Historic Market Size by Country
8.1.1 Latin America CNG and LPG Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America CNG and LPG Vehicle Sales in Volume by Country (2018-2023)
8.1.3 Latin America CNG and LPG Vehicle Sales in Value by Country (2018-2023)
8.2 Latin America CNG and LPG Vehicle Forecasted Market Size by Country
8.2.1 Latin America CNG and LPG Vehicle Sales in Volume by Country (2024-2029)
8.2.2 Latin America CNG and LPG Vehicle Sales in Value by Country (2024-2029)
9 Middle East and Africa CNG and LPG Vehicle by Country
9.1 Middle East and Africa CNG and LPG Vehicle Historic Market Size by Country
9.1.1 Middle East and Africa CNG and LPG Vehicle Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa CNG and LPG Vehicle Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa CNG and LPG Vehicle Sales in Value by Country (2018-2023)
9.2 Middle East and Africa CNG and LPG Vehicle Forecasted Market Size by Country
9.2.1 Middle East and Africa CNG and LPG Vehicle Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa CNG and LPG Vehicle Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Maruti Suzuki
10.1.1 Maruti Suzuki Company Information
10.1.2 Maruti Suzuki Introduction and Business Overview
10.1.3 Maruti Suzuki CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Maruti Suzuki CNG and LPG Vehicle Products Offered
10.1.5 Maruti Suzuki Recent Development
10.2 Volkswagen
10.2.1 Volkswagen Company Information
10.2.2 Volkswagen Introduction and Business Overview
10.2.3 Volkswagen CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Volkswagen CNG and LPG Vehicle Products Offered
10.2.5 Volkswagen Recent Development
10.3 Fiat
10.3.1 Fiat Company Information
10.3.2 Fiat Introduction and Business Overview
10.3.3 Fiat CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Fiat CNG and LPG Vehicle Products Offered
10.3.5 Fiat Recent Development
10.4 Honda
10.4.1 Honda Company Information
10.4.2 Honda Introduction and Business Overview
10.4.3 Honda CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Honda CNG and LPG Vehicle Products Offered
10.4.5 Honda Recent Development
10.5 General Motors
10.5.1 General Motors Company Information
10.5.2 General Motors Introduction and Business Overview
10.5.3 General Motors CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.5.4 General Motors CNG and LPG Vehicle Products Offered
10.5.5 General Motors Recent Development
10.6 Renault
10.6.1 Renault Company Information
10.6.2 Renault Introduction and Business Overview
10.6.3 Renault CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Renault CNG and LPG Vehicle Products Offered
10.6.5 Renault Recent Development
10.7 Hyundai
10.7.1 Hyundai Company Information
10.7.2 Hyundai Introduction and Business Overview
10.7.3 Hyundai CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hyundai CNG and LPG Vehicle Products Offered
10.7.5 Hyundai Recent Development
10.8 Ford
10.8.1 Ford Company Information
10.8.2 Ford Introduction and Business Overview
10.8.3 Ford CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Ford CNG and LPG Vehicle Products Offered
10.8.5 Ford Recent Development
10.9 Toyota
10.9.1 Toyota Company Information
10.9.2 Toyota Introduction and Business Overview
10.9.3 Toyota CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Toyota CNG and LPG Vehicle Products Offered
10.9.5 Toyota Recent Development
10.10 Iran Khodro
10.10.1 Iran Khodro Company Information
10.10.2 Iran Khodro Introduction and Business Overview
10.10.3 Iran Khodro CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Iran Khodro CNG and LPG Vehicle Products Offered
10.10.5 Iran Khodro Recent Development
10.11 Volvo Group
10.11.1 Volvo Group Company Information
10.11.2 Volvo Group Introduction and Business Overview
10.11.3 Volvo Group CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Volvo Group CNG and LPG Vehicle Products Offered
10.11.5 Volvo Group Recent Development
10.12 PSA
10.12.1 PSA Company Information
10.12.2 PSA Introduction and Business Overview
10.12.3 PSA CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.12.4 PSA CNG and LPG Vehicle Products Offered
10.12.5 PSA Recent Development
10.13 Mercedes-Benz
10.13.1 Mercedes-Benz Company Information
10.13.2 Mercedes-Benz Introduction and Business Overview
10.13.3 Mercedes-Benz CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Mercedes-Benz CNG and LPG Vehicle Products Offered
10.13.5 Mercedes-Benz Recent Development
10.14 Great Wall Motors
10.14.1 Great Wall Motors Company Information
10.14.2 Great Wall Motors Introduction and Business Overview
10.14.3 Great Wall Motors CNG and LPG Vehicle Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Great Wall Motors CNG and LPG Vehicle Products Offered
10.14.5 Great Wall Motors Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 CNG and LPG Vehicle Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 CNG and LPG Vehicle Industrial Chain Analysis
11.4 CNG and LPG Vehicle Market Dynamics
11.4.1 CNG and LPG Vehicle Industry Trends
11.4.2 CNG and LPG Vehicle Market Drivers
11.4.3 CNG and LPG Vehicle Market Challenges
11.4.4 CNG and LPG Vehicle Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 CNG and LPG Vehicle Distributors
12.3 CNG and LPG Vehicle Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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