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Product Code LP091290948K8B
Published Date 2024/1/4
English116 PagesGlobal

Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Growth 2024-2030Automotive_Mobility Market


Report Thumbnail
Product Code LP091290948K8B◆The Jan 2026 edition is also likely available. We will check with the publisher immediately.
Published Date 2024/1/4
English 116 PagesGlobal

Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Growth 2024-2030Automotive_Mobility Market



Abstract


Summary

According to our LPI (LP Information) latest study, 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. Market 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.
Market 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.
Market 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.
Market 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.
Market 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?

Table of Contents

  • 1 Scope of the Report

    • 1.1 Market Introduction
    • 1.2 Years Considered
    • 1.3 Research Objectives
    • 1.4 Market Research Methodology
    • 1.5 Research Process and Data Source
    • 1.6 Economic Indicators
    • 1.7 Currency Considered
    • 1.8 Market Estimation Caveats
  • 2 Executive Summary

    • 2.1 World Market 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 Market Share by Type (2019-2024)
      • 2.3.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue and Market 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 Market Share by Application (2019-2024)
      • 2.5.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue and Market 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 Market 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 Market 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 Market 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 Market 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 Market 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 Market Drivers, Challenges and Trends

    • 9.1 Market Drivers & Growth Opportunities
    • 9.2 Market 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 Marketing, 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 Market 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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