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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 was valued at US$ 11640 million in 2023 and is anticipated to reach US$ 14820 million by 2030, witnessing a CAGR of 3.4% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for CNG and LPG Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CNG and LPG Vehicle.
Report Scope
The CNG and LPG Vehicle market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global CNG and LPG Vehicle market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the CNG and LPG Vehicle manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- Maruti Suzuki
- Volkswagen
- Fiat
- Honda
- General Motors
- Renault
- Hyundai
- Ford
- Toyota
- Iran Khodro
- Volvo Group
- PSA
- Mercedes-Benz
- Great Wall Motors
Segment by Type
- Passenger Vehicle
- Commercial Vehicle
Segment by Application
- Home Use
- Commercial Use
Production by Region
- North America
- Europe
- China
- Japan
- South Korea
- India
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of CNG and LPG Vehicle manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of CNG and LPG Vehicle by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of CNG and LPG Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index
1 CNG and LPG Vehicle Market Overview
1.1 Product Definition
1.2 CNG and LPG Vehicle Segment by Type
1.2.1 Global CNG and LPG Vehicle Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Passenger Vehicle
1.2.3 Commercial Vehicle
1.3 CNG and LPG Vehicle Segment by Application
1.3.1 Global CNG and LPG Vehicle Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Home Use
1.3.3 Commercial Use
1.4 Global Market Growth Prospects
1.4.1 Global CNG and LPG Vehicle Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global CNG and LPG Vehicle Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global CNG and LPG Vehicle Production Estimates and Forecasts (2019-2030)
1.4.4 Global CNG and LPG Vehicle Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global CNG and LPG Vehicle Production Market Share by Manufacturers (2019-2024)
2.2 Global CNG and LPG Vehicle Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of CNG and LPG Vehicle, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global CNG and LPG Vehicle Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global CNG and LPG Vehicle Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of CNG and LPG Vehicle, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of CNG and LPG Vehicle, Product Offered and Application
2.8 Global Key Manufacturers of CNG and LPG Vehicle, Date of Enter into This Industry
2.9 CNG and LPG Vehicle Market Competitive Situation and Trends
2.9.1 CNG and LPG Vehicle Market Concentration Rate
2.9.2 Global 5 and 10 Largest CNG and LPG Vehicle Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 CNG and LPG Vehicle Production by Region
3.1 Global CNG and LPG Vehicle Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global CNG and LPG Vehicle Production Value by Region (2019-2030)
3.2.1 Global CNG and LPG Vehicle Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of CNG and LPG Vehicle by Region (2025-2030)
3.3 Global CNG and LPG Vehicle Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global CNG and LPG Vehicle Production by Region (2019-2030)
3.4.1 Global CNG and LPG Vehicle Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of CNG and LPG Vehicle by Region (2025-2030)
3.5 Global CNG and LPG Vehicle Market Price Analysis by Region (2019-2024)
3.6 Global CNG and LPG Vehicle Production and Value, Year-over-Year Growth
3.6.1 North America CNG and LPG Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe CNG and LPG Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.3 China CNG and LPG Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan CNG and LPG Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea CNG and LPG Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.6 India CNG and LPG Vehicle Production Value Estimates and Forecasts (2019-2030)
4 CNG and LPG Vehicle Consumption by Region
4.1 Global CNG and LPG Vehicle Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global CNG and LPG Vehicle Consumption by Region (2019-2030)
4.2.1 Global CNG and LPG Vehicle Consumption by Region (2019-2024)
4.2.2 Global CNG and LPG Vehicle Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America CNG and LPG Vehicle Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America CNG and LPG Vehicle Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe CNG and LPG Vehicle Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe CNG and LPG Vehicle Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific CNG and LPG Vehicle Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific CNG and LPG Vehicle Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa CNG and LPG Vehicle Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa CNG and LPG Vehicle Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global CNG and LPG Vehicle Production by Type (2019-2030)
5.1.1 Global CNG and LPG Vehicle Production by Type (2019-2024)
5.1.2 Global CNG and LPG Vehicle Production by Type (2025-2030)
5.1.3 Global CNG and LPG Vehicle Production Market Share by Type (2019-2030)
5.2 Global CNG and LPG Vehicle Production Value by Type (2019-2030)
5.2.1 Global CNG and LPG Vehicle Production Value by Type (2019-2024)
5.2.2 Global CNG and LPG Vehicle Production Value by Type (2025-2030)
5.2.3 Global CNG and LPG Vehicle Production Value Market Share by Type (2019-2030)
5.3 Global CNG and LPG Vehicle Price by Type (2019-2030)
6 Segment by Application
6.1 Global CNG and LPG Vehicle Production by Application (2019-2030)
6.1.1 Global CNG and LPG Vehicle Production by Application (2019-2024)
6.1.2 Global CNG and LPG Vehicle Production by Application (2025-2030)
6.1.3 Global CNG and LPG Vehicle Production Market Share by Application (2019-2030)
6.2 Global CNG and LPG Vehicle Production Value by Application (2019-2030)
6.2.1 Global CNG and LPG Vehicle Production Value by Application (2019-2024)
6.2.2 Global CNG and LPG Vehicle Production Value by Application (2025-2030)
6.2.3 Global CNG and LPG Vehicle Production Value Market Share by Application (2019-2030)
6.3 Global CNG and LPG Vehicle Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Maruti Suzuki
7.1.1 Maruti Suzuki CNG and LPG Vehicle Corporation Information
7.1.2 Maruti Suzuki CNG and LPG Vehicle Product Portfolio
7.1.3 Maruti Suzuki CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Maruti Suzuki Main Business and Markets Served
7.1.5 Maruti Suzuki Recent Developments/Updates
7.2 Volkswagen
7.2.1 Volkswagen CNG and LPG Vehicle Corporation Information
7.2.2 Volkswagen CNG and LPG Vehicle Product Portfolio
7.2.3 Volkswagen CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Volkswagen Main Business and Markets Served
7.2.5 Volkswagen Recent Developments/Updates
7.3 Fiat
7.3.1 Fiat CNG and LPG Vehicle Corporation Information
7.3.2 Fiat CNG and LPG Vehicle Product Portfolio
7.3.3 Fiat CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Fiat Main Business and Markets Served
7.3.5 Fiat Recent Developments/Updates
7.4 Honda
7.4.1 Honda CNG and LPG Vehicle Corporation Information
7.4.2 Honda CNG and LPG Vehicle Product Portfolio
7.4.3 Honda CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Honda Main Business and Markets Served
7.4.5 Honda Recent Developments/Updates
7.5 General Motors
7.5.1 General Motors CNG and LPG Vehicle Corporation Information
7.5.2 General Motors CNG and LPG Vehicle Product Portfolio
7.5.3 General Motors CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.5.4 General Motors Main Business and Markets Served
7.5.5 General Motors Recent Developments/Updates
7.6 Renault
7.6.1 Renault CNG and LPG Vehicle Corporation Information
7.6.2 Renault CNG and LPG Vehicle Product Portfolio
7.6.3 Renault CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Renault Main Business and Markets Served
7.6.5 Renault Recent Developments/Updates
7.7 Hyundai
7.7.1 Hyundai CNG and LPG Vehicle Corporation Information
7.7.2 Hyundai CNG and LPG Vehicle Product Portfolio
7.7.3 Hyundai CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hyundai Main Business and Markets Served
7.7.5 Hyundai Recent Developments/Updates
7.8 Ford
7.8.1 Ford CNG and LPG Vehicle Corporation Information
7.8.2 Ford CNG and LPG Vehicle Product Portfolio
7.8.3 Ford CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Ford Main Business and Markets Served
7.7.5 Ford Recent Developments/Updates
7.9 Toyota
7.9.1 Toyota CNG and LPG Vehicle Corporation Information
7.9.2 Toyota CNG and LPG Vehicle Product Portfolio
7.9.3 Toyota CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Toyota Main Business and Markets Served
7.9.5 Toyota Recent Developments/Updates
7.10 Iran Khodro
7.10.1 Iran Khodro CNG and LPG Vehicle Corporation Information
7.10.2 Iran Khodro CNG and LPG Vehicle Product Portfolio
7.10.3 Iran Khodro CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Iran Khodro Main Business and Markets Served
7.10.5 Iran Khodro Recent Developments/Updates
7.11 Volvo Group
7.11.1 Volvo Group CNG and LPG Vehicle Corporation Information
7.11.2 Volvo Group CNG and LPG Vehicle Product Portfolio
7.11.3 Volvo Group CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Volvo Group Main Business and Markets Served
7.11.5 Volvo Group Recent Developments/Updates
7.12 PSA
7.12.1 PSA CNG and LPG Vehicle Corporation Information
7.12.2 PSA CNG and LPG Vehicle Product Portfolio
7.12.3 PSA CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.12.4 PSA Main Business and Markets Served
7.12.5 PSA Recent Developments/Updates
7.13 Mercedes-Benz
7.13.1 Mercedes-Benz CNG and LPG Vehicle Corporation Information
7.13.2 Mercedes-Benz CNG and LPG Vehicle Product Portfolio
7.13.3 Mercedes-Benz CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Mercedes-Benz Main Business and Markets Served
7.13.5 Mercedes-Benz Recent Developments/Updates
7.14 Great Wall Motors
7.14.1 Great Wall Motors CNG and LPG Vehicle Corporation Information
7.14.2 Great Wall Motors CNG and LPG Vehicle Product Portfolio
7.14.3 Great Wall Motors CNG and LPG Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Great Wall Motors Main Business and Markets Served
7.14.5 Great Wall Motors Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 CNG and LPG Vehicle Industry Chain Analysis
8.2 CNG and LPG Vehicle Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 CNG and LPG Vehicle Production Mode & Process
8.4 CNG and LPG Vehicle Sales and Marketing
8.4.1 CNG and LPG Vehicle Sales Channels
8.4.2 CNG and LPG Vehicle Distributors
8.5 CNG and LPG Vehicle Customers
9 CNG and LPG Vehicle Market Dynamics
9.1 CNG and LPG Vehicle Industry Trends
9.2 CNG and LPG Vehicle Market Drivers
9.3 CNG and LPG Vehicle Market Challenges
9.4 CNG and LPG Vehicle Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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