The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
CNG & LPG Vehicles-Global Market Insights and Sales Trends 2024
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 & LPG Vehicles 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 & LPG Vehicles in various end use industries. The expanding demands from the Passenger Vehicles, Light Commercial Vehicles and Other, are propelling CNG & LPG Vehicles market. CNG, 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 LPG segment is estimated at % CAGR for the next seven-year period.
Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles key players include Fiat Chrysler, Volkswagen, Ford, General Motors, Toyota, etc. Global top 3 manufacturers hold a share over 35%.
Asia Pacific is the largest market, with a share over 50%, followed by Middle East & Africa and South America, both have a share about 33 percent.
In terms of product, CNG vehicle is the largest segment, with a share over 75%. And in terms of application, the largest application is passenger vehicle, followed by commercial vehicle.
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 & LPG Vehicles, 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 & LPG Vehicles 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 & LPG Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG & LPG Vehicles 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 & LPG Vehicles covered in this report include Fiat, Hyundai, Suzuki, Volkswagen, Ford, General Motors, Honda, Nissan and Navistar, etc.
The global CNG & LPG Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Fiat
Hyundai
Suzuki
Volkswagen
Ford
General Motors
Honda
Nissan
Navistar
Tata
Global CNG & LPG Vehicles 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 & LPG Vehicles market, Segment by Type:
CNG
LPG
Global CNG & LPG Vehicles market, by Application
Passenger Vehicles
Light Commercial Vehicles
Other
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 & LPG Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CNG & LPG Vehicles 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.
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 & LPG Vehicles 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 & LPG Vehicles in various end use industries. The expanding demands from the Passenger Vehicles, Light Commercial Vehicles and Other, are propelling CNG & LPG Vehicles market. CNG, 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 LPG segment is estimated at % CAGR for the next seven-year period.
Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles key players include Fiat Chrysler, Volkswagen, Ford, General Motors, Toyota, etc. Global top 3 manufacturers hold a share over 35%.
Asia Pacific is the largest market, with a share over 50%, followed by Middle East & Africa and South America, both have a share about 33 percent.
In terms of product, CNG vehicle is the largest segment, with a share over 75%. And in terms of application, the largest application is passenger vehicle, followed by commercial vehicle.
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 & LPG Vehicles, 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 & LPG Vehicles 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 & LPG Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG & LPG Vehicles 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 & LPG Vehicles covered in this report include Fiat, Hyundai, Suzuki, Volkswagen, Ford, General Motors, Honda, Nissan and Navistar, etc.
The global CNG & LPG Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Fiat
Hyundai
Suzuki
Volkswagen
Ford
General Motors
Honda
Nissan
Navistar
Tata
Global CNG & LPG Vehicles 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 & LPG Vehicles market, Segment by Type:
CNG
LPG
Global CNG & LPG Vehicles market, by Application
Passenger Vehicles
Light Commercial Vehicles
Other
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 & LPG Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CNG & LPG Vehicles 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.
Index1 CNG & LPG Vehicles Market Overview
1.1 CNG & LPG Vehicles Product Overview
1.2 CNG & LPG Vehicles Market Segment by Type
1.2.1 CNG
1.2.2 LPG
1.3 Global CNG & LPG Vehicles Market Size by Type
1.3.1 Global CNG & LPG Vehicles Market Size Overview by Type (2018-2029)
1.3.2 Global CNG & LPG Vehicles Historic Market Size Review by Type (2018-2023)
1.3.3 Global CNG & LPG Vehicles Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America CNG & LPG Vehicles Sales Breakdown by Type (2018-2023)
1.4.2 Europe CNG & LPG Vehicles Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific CNG & LPG Vehicles Sales Breakdown by Type (2018-2023)
1.4.4 Latin America CNG & LPG Vehicles Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa CNG & LPG Vehicles Sales Breakdown by Type (2018-2023)
2 Global CNG & LPG Vehicles Market Competition by Company
2.1 Global Top Players by CNG & LPG Vehicles Sales (2018-2023)
2.2 Global Top Players by CNG & LPG Vehicles Revenue (2018-2023)
2.3 Global Top Players by CNG & LPG Vehicles Price (2018-2023)
2.4 Global Top Manufacturers CNG & LPG Vehicles Manufacturing Base Distribution, Sales Area, Product Type
2.5 CNG & LPG Vehicles Market Competitive Situation and Trends
2.5.1 CNG & LPG Vehicles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by CNG & LPG Vehicles 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 & LPG Vehicles as of 2022)
2.7 Date of Key Manufacturers Enter into CNG & LPG Vehicles Market
2.8 Key Manufacturers CNG & LPG Vehicles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 CNG & LPG Vehicles Status and Outlook by Region
3.1 Global CNG & LPG Vehicles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global CNG & LPG Vehicles Historic Market Size by Region
3.2.1 Global CNG & LPG Vehicles Sales in Volume by Region (2018-2023)
3.2.2 Global CNG & LPG Vehicles Sales in Value by Region (2018-2023)
3.2.3 Global CNG & LPG Vehicles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global CNG & LPG Vehicles Forecasted Market Size by Region
3.3.1 Global CNG & LPG Vehicles Sales in Volume by Region (2024-2029)
3.3.2 Global CNG & LPG Vehicles Sales in Value by Region (2024-2029)
3.3.3 Global CNG & LPG Vehicles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global CNG & LPG Vehicles by Application
4.1 CNG & LPG Vehicles Market Segment by Application
4.1.1 Passenger Vehicles
4.1.2 Light Commercial Vehicles
4.1.3 Other
4.2 Global CNG & LPG Vehicles Market Size by Application
4.2.1 Global CNG & LPG Vehicles Market Size Overview by Application (2018-2029)
4.2.2 Global CNG & LPG Vehicles Historic Market Size Review by Application (2018-2023)
4.2.3 Global CNG & LPG Vehicles Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America CNG & LPG Vehicles Sales Breakdown by Application (2018-2023)
4.3.2 Europe CNG & LPG Vehicles Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific CNG & LPG Vehicles Sales Breakdown by Application (2018-2023)
4.3.4 Latin America CNG & LPG Vehicles Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa CNG & LPG Vehicles Sales Breakdown by Application (2018-2023)
5 North America CNG & LPG Vehicles by Country
5.1 North America CNG & LPG Vehicles Historic Market Size by Country
5.1.1 North America CNG & LPG Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America CNG & LPG Vehicles Sales in Volume by Country (2018-2023)
5.1.3 North America CNG & LPG Vehicles Sales in Value by Country (2018-2023)
5.2 North America CNG & LPG Vehicles Forecasted Market Size by Country
5.2.1 North America CNG & LPG Vehicles Sales in Volume by Country (2024-2029)
5.2.2 North America CNG & LPG Vehicles Sales in Value by Country (2024-2029)
6 Europe CNG & LPG Vehicles by Country
6.1 Europe CNG & LPG Vehicles Historic Market Size by Country
6.1.1 Europe CNG & LPG Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe CNG & LPG Vehicles Sales in Volume by Country (2018-2023)
6.1.3 Europe CNG & LPG Vehicles Sales in Value by Country (2018-2023)
6.2 Europe CNG & LPG Vehicles Forecasted Market Size by Country
6.2.1 Europe CNG & LPG Vehicles Sales in Volume by Country (2024-2029)
6.2.2 Europe CNG & LPG Vehicles Sales in Value by Country (2024-2029)
7 Asia-Pacific CNG & LPG Vehicles by Region
7.1 Asia-Pacific CNG & LPG Vehicles Historic Market Size by Region
7.1.1 Asia-Pacific CNG & LPG Vehicles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific CNG & LPG Vehicles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific CNG & LPG Vehicles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific CNG & LPG Vehicles Forecasted Market Size by Region
7.2.1 Asia-Pacific CNG & LPG Vehicles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific CNG & LPG Vehicles Sales in Value by Region (2024-2029)
8 Latin America CNG & LPG Vehicles by Country
8.1 Latin America CNG & LPG Vehicles Historic Market Size by Country
8.1.1 Latin America CNG & LPG Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America CNG & LPG Vehicles Sales in Volume by Country (2018-2023)
8.1.3 Latin America CNG & LPG Vehicles Sales in Value by Country (2018-2023)
8.2 Latin America CNG & LPG Vehicles Forecasted Market Size by Country
8.2.1 Latin America CNG & LPG Vehicles Sales in Volume by Country (2024-2029)
8.2.2 Latin America CNG & LPG Vehicles Sales in Value by Country (2024-2029)
9 Middle East and Africa CNG & LPG Vehicles by Country
9.1 Middle East and Africa CNG & LPG Vehicles Historic Market Size by Country
9.1.1 Middle East and Africa CNG & LPG Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa CNG & LPG Vehicles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa CNG & LPG Vehicles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa CNG & LPG Vehicles Forecasted Market Size by Country
9.2.1 Middle East and Africa CNG & LPG Vehicles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa CNG & LPG Vehicles Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Fiat
10.1.1 Fiat Company Information
10.1.2 Fiat Introduction and Business Overview
10.1.3 Fiat CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Fiat CNG & LPG Vehicles Products Offered
10.1.5 Fiat Recent Development
10.2 Hyundai
10.2.1 Hyundai Company Information
10.2.2 Hyundai Introduction and Business Overview
10.2.3 Hyundai CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Hyundai CNG & LPG Vehicles Products Offered
10.2.5 Hyundai Recent Development
10.3 Suzuki
10.3.1 Suzuki Company Information
10.3.2 Suzuki Introduction and Business Overview
10.3.3 Suzuki CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Suzuki CNG & LPG Vehicles Products Offered
10.3.5 Suzuki Recent Development
10.4 Volkswagen
10.4.1 Volkswagen Company Information
10.4.2 Volkswagen Introduction and Business Overview
10.4.3 Volkswagen CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Volkswagen CNG & LPG Vehicles Products Offered
10.4.5 Volkswagen Recent Development
10.5 Ford
10.5.1 Ford Company Information
10.5.2 Ford Introduction and Business Overview
10.5.3 Ford CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Ford CNG & LPG Vehicles Products Offered
10.5.5 Ford Recent Development
10.6 General Motors
10.6.1 General Motors Company Information
10.6.2 General Motors Introduction and Business Overview
10.6.3 General Motors CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 General Motors CNG & LPG Vehicles Products Offered
10.6.5 General Motors Recent Development
10.7 Honda
10.7.1 Honda Company Information
10.7.2 Honda Introduction and Business Overview
10.7.3 Honda CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Honda CNG & LPG Vehicles Products Offered
10.7.5 Honda Recent Development
10.8 Nissan
10.8.1 Nissan Company Information
10.8.2 Nissan Introduction and Business Overview
10.8.3 Nissan CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Nissan CNG & LPG Vehicles Products Offered
10.8.5 Nissan Recent Development
10.9 Navistar
10.9.1 Navistar Company Information
10.9.2 Navistar Introduction and Business Overview
10.9.3 Navistar CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Navistar CNG & LPG Vehicles Products Offered
10.9.5 Navistar Recent Development
10.10 Tata
10.10.1 Tata Company Information
10.10.2 Tata Introduction and Business Overview
10.10.3 Tata CNG & LPG Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Tata CNG & LPG Vehicles Products Offered
10.10.5 Tata Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 CNG & LPG Vehicles 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 & LPG Vehicles Industrial Chain Analysis
11.4 CNG & LPG Vehicles Market Dynamics
11.4.1 CNG & LPG Vehicles Industry Trends
11.4.2 CNG & LPG Vehicles Market Drivers
11.4.3 CNG & LPG Vehicles Market Challenges
11.4.4 CNG & LPG Vehicles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 CNG & LPG Vehicles Distributors
12.3 CNG & LPG Vehicles 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
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Automotive Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
