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Natural Gas 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 vehicles powered by LPG (mainly propane), which is a fuel with a fundamentally different composition.
The global Natural Gas Vehicles market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Natural Gas Vehicles in various end use industries. The expanding demands from the Passenger Cars and Commercial Vehicles, are propelling Natural Gas Vehicles market. CNG 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 LNG 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 Natural Gas 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 Natural Gas 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 Natural Gas Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Natural Gas 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 Natural Gas Vehicles covered in this report include Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Iran Khodro, etc.
The global Natural Gas 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:
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Iran Khodro
Volvo Group
PSA
C&C Truck
Global Natural Gas 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 Natural Gas Vehicles market, Segment by Type:
CNG Vehicle
LNG Vehicle
Global Natural Gas Vehicles market, by Application
Passenger Cars
Commercial Vehicles
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 Natural Gas Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Natural Gas 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 vehicles powered by LPG (mainly propane), which is a fuel with a fundamentally different composition.
The global Natural Gas Vehicles market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Natural Gas Vehicles in various end use industries. The expanding demands from the Passenger Cars and Commercial Vehicles, are propelling Natural Gas Vehicles market. CNG 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 LNG 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 Natural Gas 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 Natural Gas 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 Natural Gas Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Natural Gas 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 Natural Gas Vehicles covered in this report include Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Iran Khodro, etc.
The global Natural Gas 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:
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Iran Khodro
Volvo Group
PSA
C&C Truck
Global Natural Gas 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 Natural Gas Vehicles market, Segment by Type:
CNG Vehicle
LNG Vehicle
Global Natural Gas Vehicles market, by Application
Passenger Cars
Commercial Vehicles
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 Natural Gas Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Natural Gas 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 Natural Gas Vehicles Market Overview
1.1 Natural Gas Vehicles Product Overview
1.2 Natural Gas Vehicles Market Segment by Type
1.2.1 CNG Vehicle
1.2.2 LNG Vehicle
1.3 Global Natural Gas Vehicles Market Size by Type
1.3.1 Global Natural Gas Vehicles Market Size Overview by Type (2018-2029)
1.3.2 Global Natural Gas Vehicles Historic Market Size Review by Type (2018-2023)
1.3.3 Global Natural Gas Vehicles Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Natural Gas Vehicles Sales Breakdown by Type (2018-2023)
1.4.2 Europe Natural Gas Vehicles Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Natural Gas Vehicles Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Natural Gas Vehicles Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Natural Gas Vehicles Sales Breakdown by Type (2018-2023)
2 Global Natural Gas Vehicles Market Competition by Company
2.1 Global Top Players by Natural Gas Vehicles Sales (2018-2023)
2.2 Global Top Players by Natural Gas Vehicles Revenue (2018-2023)
2.3 Global Top Players by Natural Gas Vehicles Price (2018-2023)
2.4 Global Top Manufacturers Natural Gas Vehicles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Natural Gas Vehicles Market Competitive Situation and Trends
2.5.1 Natural Gas Vehicles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Natural Gas 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 Natural Gas Vehicles as of 2022)
2.7 Date of Key Manufacturers Enter into Natural Gas Vehicles Market
2.8 Key Manufacturers Natural Gas Vehicles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Natural Gas Vehicles Status and Outlook by Region
3.1 Global Natural Gas Vehicles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Natural Gas Vehicles Historic Market Size by Region
3.2.1 Global Natural Gas Vehicles Sales in Volume by Region (2018-2023)
3.2.2 Global Natural Gas Vehicles Sales in Value by Region (2018-2023)
3.2.3 Global Natural Gas Vehicles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Natural Gas Vehicles Forecasted Market Size by Region
3.3.1 Global Natural Gas Vehicles Sales in Volume by Region (2024-2029)
3.3.2 Global Natural Gas Vehicles Sales in Value by Region (2024-2029)
3.3.3 Global Natural Gas Vehicles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Natural Gas Vehicles by Application
4.1 Natural Gas Vehicles Market Segment by Application
4.1.1 Passenger Cars
4.1.2 Commercial Vehicles
4.2 Global Natural Gas Vehicles Market Size by Application
4.2.1 Global Natural Gas Vehicles Market Size Overview by Application (2018-2029)
4.2.2 Global Natural Gas Vehicles Historic Market Size Review by Application (2018-2023)
4.2.3 Global Natural Gas Vehicles Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Natural Gas Vehicles Sales Breakdown by Application (2018-2023)
4.3.2 Europe Natural Gas Vehicles Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Natural Gas Vehicles Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Natural Gas Vehicles Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Natural Gas Vehicles Sales Breakdown by Application (2018-2023)
5 North America Natural Gas Vehicles by Country
5.1 North America Natural Gas Vehicles Historic Market Size by Country
5.1.1 North America Natural Gas Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Natural Gas Vehicles Sales in Volume by Country (2018-2023)
5.1.3 North America Natural Gas Vehicles Sales in Value by Country (2018-2023)
5.2 North America Natural Gas Vehicles Forecasted Market Size by Country
5.2.1 North America Natural Gas Vehicles Sales in Volume by Country (2024-2029)
5.2.2 North America Natural Gas Vehicles Sales in Value by Country (2024-2029)
6 Europe Natural Gas Vehicles by Country
6.1 Europe Natural Gas Vehicles Historic Market Size by Country
6.1.1 Europe Natural Gas Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Natural Gas Vehicles Sales in Volume by Country (2018-2023)
6.1.3 Europe Natural Gas Vehicles Sales in Value by Country (2018-2023)
6.2 Europe Natural Gas Vehicles Forecasted Market Size by Country
6.2.1 Europe Natural Gas Vehicles Sales in Volume by Country (2024-2029)
6.2.2 Europe Natural Gas Vehicles Sales in Value by Country (2024-2029)
7 Asia-Pacific Natural Gas Vehicles by Region
7.1 Asia-Pacific Natural Gas Vehicles Historic Market Size by Region
7.1.1 Asia-Pacific Natural Gas Vehicles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Natural Gas Vehicles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Natural Gas Vehicles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Natural Gas Vehicles Forecasted Market Size by Region
7.2.1 Asia-Pacific Natural Gas Vehicles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Natural Gas Vehicles Sales in Value by Region (2024-2029)
8 Latin America Natural Gas Vehicles by Country
8.1 Latin America Natural Gas Vehicles Historic Market Size by Country
8.1.1 Latin America Natural Gas Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Natural Gas Vehicles Sales in Volume by Country (2018-2023)
8.1.3 Latin America Natural Gas Vehicles Sales in Value by Country (2018-2023)
8.2 Latin America Natural Gas Vehicles Forecasted Market Size by Country
8.2.1 Latin America Natural Gas Vehicles Sales in Volume by Country (2024-2029)
8.2.2 Latin America Natural Gas Vehicles Sales in Value by Country (2024-2029)
9 Middle East and Africa Natural Gas Vehicles by Country
9.1 Middle East and Africa Natural Gas Vehicles Historic Market Size by Country
9.1.1 Middle East and Africa Natural Gas Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Natural Gas Vehicles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Natural Gas Vehicles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Natural Gas Vehicles Forecasted Market Size by Country
9.2.1 Middle East and Africa Natural Gas Vehicles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Natural Gas Vehicles 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 Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Maruti Suzuki Natural Gas Vehicles 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 Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Volkswagen Natural Gas Vehicles 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 Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Fiat Natural Gas Vehicles 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 Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Honda Natural Gas Vehicles 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 Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 General Motors Natural Gas Vehicles 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 Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Renault Natural Gas Vehicles 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 Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hyundai Natural Gas Vehicles 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 Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Ford Natural Gas Vehicles Products Offered
10.8.5 Ford Recent Development
10.9 Iran Khodro
10.9.1 Iran Khodro Company Information
10.9.2 Iran Khodro Introduction and Business Overview
10.9.3 Iran Khodro Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Iran Khodro Natural Gas Vehicles Products Offered
10.9.5 Iran Khodro Recent Development
10.10 Volvo Group
10.10.1 Volvo Group Company Information
10.10.2 Volvo Group Introduction and Business Overview
10.10.3 Volvo Group Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Volvo Group Natural Gas Vehicles Products Offered
10.10.5 Volvo Group Recent Development
10.11 PSA
10.11.1 PSA Company Information
10.11.2 PSA Introduction and Business Overview
10.11.3 PSA Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.11.4 PSA Natural Gas Vehicles Products Offered
10.11.5 PSA Recent Development
10.12 C&C Truck
10.12.1 C&C Truck Company Information
10.12.2 C&C Truck Introduction and Business Overview
10.12.3 C&C Truck Natural Gas Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.12.4 C&C Truck Natural Gas Vehicles Products Offered
10.12.5 C&C Truck Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Natural Gas 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 Natural Gas Vehicles Industrial Chain Analysis
11.4 Natural Gas Vehicles Market Dynamics
11.4.1 Natural Gas Vehicles Industry Trends
11.4.2 Natural Gas Vehicles Market Drivers
11.4.3 Natural Gas Vehicles Market Challenges
11.4.4 Natural Gas Vehicles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Natural Gas Vehicles Distributors
12.3 Natural Gas 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
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