The global Compressed Natural Gas and Liquefied Natural Gas Vehicle market size was valued at US$ 11390 million in 2023. With growing demand in downstream market, the Compressed Natural Gas and Liquefied Natural Gas Vehicle is forecast to a readjusted size of US$ 21880 million by 2030 with a CAGR of 9.8% during review period.
The research report highlights the growth potential of the global Compressed Natural Gas and Liquefied Natural Gas Vehicle market. Compressed Natural Gas and Liquefied Natural Gas Vehicle are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Compressed Natural Gas and Liquefied Natural Gas Vehicle. 麻豆原创 players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Compressed Natural Gas and Liquefied Natural Gas Vehicle market.
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.
Global key players of compressed natural gas and liquefied natural gas vehicle include Maruti Suzuki, Iran Khodro, Volkswagen, Hyundai Motor, Stellantis, etc. Global top five manufacturers hold a share over 42%. India is the largest producer of compressed natural gas and liquefied natural gas vehicle, holds a share over 18%. In terms of product, CNG vehicle is the largest segment, with a share over 73%. And in terms of application, the largest application is passenger vehicle, with a share over 75%, followed by commercial vehicle.
Key Features:
The report on Compressed Natural Gas and Liquefied Natural Gas Vehicle market reflects various aspects and provide valuable insights into the industry.
麻豆原创 Size and Growth: The research report provide an overview of the current size and growth of the Compressed Natural Gas and Liquefied Natural Gas Vehicle market. It may include historical data, market segmentation by Type (e.g., CNG Vehicle, LNG Vehicle), and regional breakdowns.
麻豆原创 Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Compressed Natural Gas and Liquefied Natural Gas Vehicle market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Compressed Natural Gas and Liquefied Natural Gas Vehicle market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Compressed Natural Gas and Liquefied Natural Gas Vehicle industry. This include advancements in Compressed Natural Gas and Liquefied Natural Gas Vehicle technology, Compressed Natural Gas and Liquefied Natural Gas Vehicle new entrants, Compressed Natural Gas and Liquefied Natural Gas Vehicle new investment, and other innovations that are shaping the future of Compressed Natural Gas and Liquefied Natural Gas Vehicle.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Compressed Natural Gas and Liquefied Natural Gas Vehicle market. It includes factors influencing customer ' purchasing decisions, preferences for Compressed Natural Gas and Liquefied Natural Gas Vehicle product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Compressed Natural Gas and Liquefied Natural Gas Vehicle market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Compressed Natural Gas and Liquefied Natural Gas Vehicle market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Compressed Natural Gas and Liquefied Natural Gas Vehicle market.
麻豆原创 Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Compressed Natural Gas and Liquefied Natural Gas Vehicle industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Compressed Natural Gas and Liquefied Natural Gas Vehicle market.
麻豆原创 Segmentation:
Compressed Natural Gas and Liquefied Natural Gas Vehicle market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
CNG Vehicle
LNG Vehicle
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Maruti Suzuki
Iran Khodro
Volkswagen
Hyundai Motor
Stellantis
FAW Group
Chang'an Automobile
General Motors
Honda
Volvo Truck
IVECO
Scania
Key Questions Addressed in this Report
What is the 10-year outlook for the global Compressed Natural Gas and Liquefied Natural Gas Vehicle market?
What factors are driving Compressed Natural Gas and Liquefied Natural Gas Vehicle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Compressed Natural Gas and Liquefied Natural Gas Vehicle market opportunities vary by end market size?
How does Compressed Natural Gas and Liquefied Natural Gas Vehicle break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Compressed Natural Gas and Liquefied Natural Gas Vehicle by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Compressed Natural Gas and Liquefied Natural Gas Vehicle by Country/Region, 2019, 2023 & 2030
2.2 Compressed Natural Gas and Liquefied Natural Gas Vehicle Segment by Type
2.2.1 CNG Vehicle
2.2.2 LNG Vehicle
2.3 Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Type
2.3.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales 麻豆原创 Share by Type (2019-2024)
2.3.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue and 麻豆原创 Share by Type (2019-2024)
2.3.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sale Price by Type (2019-2024)
2.4 Compressed Natural Gas and Liquefied Natural Gas Vehicle Segment by Application
2.4.1 Passenger Vehicle
2.4.2 Commercial Vehicle
2.5 Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Application
2.5.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sale 麻豆原创 Share by Application (2019-2024)
2.5.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue and 麻豆原创 Share by Application (2019-2024)
2.5.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sale Price by Application (2019-2024)
3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle by Company
3.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Breakdown Data by Company
3.1.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Annual Sales by Company (2019-2024)
3.1.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales 麻豆原创 Share by Company (2019-2024)
3.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Annual Revenue by Company (2019-2024)
3.2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue by Company (2019-2024)
3.2.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue 麻豆原创 Share by Company (2019-2024)
3.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sale Price by Company
3.4 Key Manufacturers Compressed Natural Gas and Liquefied Natural Gas Vehicle Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Location Distribution
3.4.2 Players Compressed Natural Gas and Liquefied Natural Gas Vehicle Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Compressed Natural Gas and Liquefied Natural Gas Vehicle by Geographic Region
4.1 World Historic Compressed Natural Gas and Liquefied Natural Gas Vehicle 麻豆原创 Size by Geographic Region (2019-2024)
4.1.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Compressed Natural Gas and Liquefied Natural Gas Vehicle 麻豆原创 Size by Country/Region (2019-2024)
4.2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Annual Sales by Country/Region (2019-2024)
4.2.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Annual Revenue by Country/Region (2019-2024)
4.3 Americas Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Growth
4.4 APAC Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Growth
4.5 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Growth
4.6 Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Growth
5 Americas
5.1 Americas Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Country
5.1.1 Americas Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Country (2019-2024)
5.1.2 Americas Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue by Country (2019-2024)
5.2 Americas Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Type
5.3 Americas Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Region
6.1.1 APAC Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Region (2019-2024)
6.1.2 APAC Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue by Region (2019-2024)
6.2 APAC Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Type
6.3 APAC Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle by Country
7.1.1 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Country (2019-2024)
7.1.2 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue by Country (2019-2024)
7.2 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Type
7.3 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle by Country
8.1.1 Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Country (2019-2024)
8.1.2 Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue by Country (2019-2024)
8.2 Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Type
8.3 Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Compressed Natural Gas and Liquefied Natural Gas Vehicle
10.3 Manufacturing Process Analysis of Compressed Natural Gas and Liquefied Natural Gas Vehicle
10.4 Industry Chain Structure of Compressed Natural Gas and Liquefied Natural Gas Vehicle
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Compressed Natural Gas and Liquefied Natural Gas Vehicle Distributors
11.3 Compressed Natural Gas and Liquefied Natural Gas Vehicle Customer
12 World Forecast Review for Compressed Natural Gas and Liquefied Natural Gas Vehicle by Geographic Region
12.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle 麻豆原创 Size Forecast by Region
12.1.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Forecast by Region (2025-2030)
12.1.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Forecast by Type
12.7 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Forecast by Application
13 Key Players Analysis
13.1 Maruti Suzuki
13.1.1 Maruti Suzuki Company Information
13.1.2 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.1.3 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Maruti Suzuki Main Business Overview
13.1.5 Maruti Suzuki Latest Developments
13.2 Iran Khodro
13.2.1 Iran Khodro Company Information
13.2.2 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.2.3 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Iran Khodro Main Business Overview
13.2.5 Iran Khodro Latest Developments
13.3 Volkswagen
13.3.1 Volkswagen Company Information
13.3.2 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.3.3 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Volkswagen Main Business Overview
13.3.5 Volkswagen Latest Developments
13.4 Hyundai Motor
13.4.1 Hyundai Motor Company Information
13.4.2 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.4.3 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Hyundai Motor Main Business Overview
13.4.5 Hyundai Motor Latest Developments
13.5 Stellantis
13.5.1 Stellantis Company Information
13.5.2 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.5.3 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Stellantis Main Business Overview
13.5.5 Stellantis Latest Developments
13.6 FAW Group
13.6.1 FAW Group Company Information
13.6.2 FAW Group Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.6.3 FAW Group Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 FAW Group Main Business Overview
13.6.5 FAW Group Latest Developments
13.7 Chang'an Automobile
13.7.1 Chang'an Automobile Company Information
13.7.2 Chang'an Automobile Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.7.3 Chang'an Automobile Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Chang'an Automobile Main Business Overview
13.7.5 Chang'an Automobile Latest Developments
13.8 General Motors
13.8.1 General Motors Company Information
13.8.2 General Motors Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.8.3 General Motors Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 General Motors Main Business Overview
13.8.5 General Motors Latest Developments
13.9 Honda
13.9.1 Honda Company Information
13.9.2 Honda Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.9.3 Honda Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Honda Main Business Overview
13.9.5 Honda Latest Developments
13.10 Volvo Truck
13.10.1 Volvo Truck Company Information
13.10.2 Volvo Truck Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.10.3 Volvo Truck Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Volvo Truck Main Business Overview
13.10.5 Volvo Truck Latest Developments
13.11 IVECO
13.11.1 IVECO Company Information
13.11.2 IVECO Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.11.3 IVECO Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 IVECO Main Business Overview
13.11.5 IVECO Latest Developments
13.12 Scania
13.12.1 Scania Company Information
13.12.2 Scania Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolios and Specifications
13.12.3 Scania Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Scania Main Business Overview
13.12.5 Scania Latest Developments
14 Research Findings and Conclusion
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*If Applicable.