Abstract
Summary
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.
LPI (LP Information)' newest research report, the “Natural Gas Vehicles Industry Forecast” looks at past sales and reviews total world Natural Gas Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Gas Vehicles sales for 2023 through 2029. With Natural Gas Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Gas Vehicles industry.
This Insight Report provides a comprehensive analysis of the global Natural Gas Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Gas Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Gas Vehicles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Gas Vehicles and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Gas Vehicles.
The global Natural Gas Vehicles market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Natural Gas Vehicles players cover Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Iran Khodro, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Natural Gas Vehicles market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
CNG Vehicle
LNG Vehicle
Segmentation by application
Passenger Cars
Commercial Vehicles
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
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Iran Khodro
Volvo Group
PSA
C&C Truck
Key Questions Addressed in this Report
What is the 10-year outlook for the global Natural Gas Vehicles market?
What factors are driving Natural Gas Vehicles market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Natural Gas Vehicles market opportunities vary by end market size?
How does Natural Gas Vehicles break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
LPI (LP Information)' newest research report, the “Natural Gas Vehicles Industry Forecast” looks at past sales and reviews total world Natural Gas Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Gas Vehicles sales for 2023 through 2029. With Natural Gas Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Gas Vehicles industry.
This Insight Report provides a comprehensive analysis of the global Natural Gas Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Gas Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Gas Vehicles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Gas Vehicles and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Gas Vehicles.
The global Natural Gas Vehicles market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Natural Gas Vehicles players cover Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Iran Khodro, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Natural Gas Vehicles market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
CNG Vehicle
LNG Vehicle
Segmentation by application
Passenger Cars
Commercial Vehicles
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
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Iran Khodro
Volvo Group
PSA
C&C Truck
Key Questions Addressed in this Report
What is the 10-year outlook for the global Natural Gas Vehicles market?
What factors are driving Natural Gas Vehicles market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Natural Gas Vehicles market opportunities vary by end market size?
How does Natural Gas Vehicles break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
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 Natural Gas Vehicles Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Natural Gas Vehicles by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Natural Gas Vehicles by Country/Region, 2018, 2022 & 2029
2.2 Natural Gas Vehicles Segment by Type
2.2.1 CNG Vehicle
2.2.2 LNG Vehicle
2.3 Natural Gas Vehicles Sales by Type
2.3.1 Global Natural Gas Vehicles Sales Market Share by Type (2018-2023)
2.3.2 Global Natural Gas Vehicles Revenue and Market Share by Type (2018-2023)
2.3.3 Global Natural Gas Vehicles Sale Price by Type (2018-2023)
2.4 Natural Gas Vehicles Segment by Application
2.4.1 Passenger Cars
2.4.2 Commercial Vehicles
2.5 Natural Gas Vehicles Sales by Application
2.5.1 Global Natural Gas Vehicles Sale Market Share by Application (2018-2023)
2.5.2 Global Natural Gas Vehicles Revenue and Market Share by Application (2018-2023)
2.5.3 Global Natural Gas Vehicles Sale Price by Application (2018-2023)
3 Global Natural Gas Vehicles by Company
3.1 Global Natural Gas Vehicles Breakdown Data by Company
3.1.1 Global Natural Gas Vehicles Annual Sales by Company (2018-2023)
3.1.2 Global Natural Gas Vehicles Sales Market Share by Company (2018-2023)
3.2 Global Natural Gas Vehicles Annual Revenue by Company (2018-2023)
3.2.1 Global Natural Gas Vehicles Revenue by Company (2018-2023)
3.2.2 Global Natural Gas Vehicles Revenue Market Share by Company (2018-2023)
3.3 Global Natural Gas Vehicles Sale Price by Company
3.4 Key Manufacturers Natural Gas Vehicles Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Natural Gas Vehicles Product Location Distribution
3.4.2 Players Natural Gas Vehicles Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Natural Gas Vehicles by Geographic Region
4.1 World Historic Natural Gas Vehicles Market Size by Geographic Region (2018-2023)
4.1.1 Global Natural Gas Vehicles Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Natural Gas Vehicles Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Natural Gas Vehicles Market Size by Country/Region (2018-2023)
4.2.1 Global Natural Gas Vehicles Annual Sales by Country/Region (2018-2023)
4.2.2 Global Natural Gas Vehicles Annual Revenue by Country/Region (2018-2023)
4.3 Americas Natural Gas Vehicles Sales Growth
4.4 APAC Natural Gas Vehicles Sales Growth
4.5 Europe Natural Gas Vehicles Sales Growth
4.6 Middle East & Africa Natural Gas Vehicles Sales Growth
5 Americas
5.1 Americas Natural Gas Vehicles Sales by Country
5.1.1 Americas Natural Gas Vehicles Sales by Country (2018-2023)
5.1.2 Americas Natural Gas Vehicles Revenue by Country (2018-2023)
5.2 Americas Natural Gas Vehicles Sales by Type
5.3 Americas Natural Gas Vehicles Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Natural Gas Vehicles Sales by Region
6.1.1 APAC Natural Gas Vehicles Sales by Region (2018-2023)
6.1.2 APAC Natural Gas Vehicles Revenue by Region (2018-2023)
6.2 APAC Natural Gas Vehicles Sales by Type
6.3 APAC Natural Gas Vehicles 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 Natural Gas Vehicles by Country
7.1.1 Europe Natural Gas Vehicles Sales by Country (2018-2023)
7.1.2 Europe Natural Gas Vehicles Revenue by Country (2018-2023)
7.2 Europe Natural Gas Vehicles Sales by Type
7.3 Europe Natural Gas Vehicles 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 Natural Gas Vehicles by Country
8.1.1 Middle East & Africa Natural Gas Vehicles Sales by Country (2018-2023)
8.1.2 Middle East & Africa Natural Gas Vehicles Revenue by Country (2018-2023)
8.2 Middle East & Africa Natural Gas Vehicles Sales by Type
8.3 Middle East & Africa Natural Gas Vehicles 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 Natural Gas Vehicles
10.3 Manufacturing Process Analysis of Natural Gas Vehicles
10.4 Industry Chain Structure of Natural Gas Vehicles
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Natural Gas Vehicles Distributors
11.3 Natural Gas Vehicles Customer
12 World Forecast Review for Natural Gas Vehicles by Geographic Region
12.1 Global Natural Gas Vehicles Market Size Forecast by Region
12.1.1 Global Natural Gas Vehicles Forecast by Region (2024-2029)
12.1.2 Global Natural Gas Vehicles Annual Revenue Forecast by Region (2024-2029)
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 Natural Gas Vehicles Forecast by Type
12.7 Global Natural Gas Vehicles Forecast by Application
13 Key Players Analysis
13.1 Maruti Suzuki
13.1.1 Maruti Suzuki Company Information
13.1.2 Maruti Suzuki Natural Gas Vehicles Product Portfolios and Specifications
13.1.3 Maruti Suzuki Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 Maruti Suzuki Main Business Overview
13.1.5 Maruti Suzuki Latest Developments
13.2 Volkswagen
13.2.1 Volkswagen Company Information
13.2.2 Volkswagen Natural Gas Vehicles Product Portfolios and Specifications
13.2.3 Volkswagen Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 Volkswagen Main Business Overview
13.2.5 Volkswagen Latest Developments
13.3 Fiat
13.3.1 Fiat Company Information
13.3.2 Fiat Natural Gas Vehicles Product Portfolios and Specifications
13.3.3 Fiat Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 Fiat Main Business Overview
13.3.5 Fiat Latest Developments
13.4 Honda
13.4.1 Honda Company Information
13.4.2 Honda Natural Gas Vehicles Product Portfolios and Specifications
13.4.3 Honda Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 Honda Main Business Overview
13.4.5 Honda Latest Developments
13.5 General Motors
13.5.1 General Motors Company Information
13.5.2 General Motors Natural Gas Vehicles Product Portfolios and Specifications
13.5.3 General Motors Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 General Motors Main Business Overview
13.5.5 General Motors Latest Developments
13.6 Renault
13.6.1 Renault Company Information
13.6.2 Renault Natural Gas Vehicles Product Portfolios and Specifications
13.6.3 Renault Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 Renault Main Business Overview
13.6.5 Renault Latest Developments
13.7 Hyundai
13.7.1 Hyundai Company Information
13.7.2 Hyundai Natural Gas Vehicles Product Portfolios and Specifications
13.7.3 Hyundai Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 Hyundai Main Business Overview
13.7.5 Hyundai Latest Developments
13.8 Ford
13.8.1 Ford Company Information
13.8.2 Ford Natural Gas Vehicles Product Portfolios and Specifications
13.8.3 Ford Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 Ford Main Business Overview
13.8.5 Ford Latest Developments
13.9 Iran Khodro
13.9.1 Iran Khodro Company Information
13.9.2 Iran Khodro Natural Gas Vehicles Product Portfolios and Specifications
13.9.3 Iran Khodro Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 Iran Khodro Main Business Overview
13.9.5 Iran Khodro Latest Developments
13.10 Volvo Group
13.10.1 Volvo Group Company Information
13.10.2 Volvo Group Natural Gas Vehicles Product Portfolios and Specifications
13.10.3 Volvo Group Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.10.4 Volvo Group Main Business Overview
13.10.5 Volvo Group Latest Developments
13.11 PSA
13.11.1 PSA Company Information
13.11.2 PSA Natural Gas Vehicles Product Portfolios and Specifications
13.11.3 PSA Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.11.4 PSA Main Business Overview
13.11.5 PSA Latest Developments
13.12 C&C Truck
13.12.1 C&C Truck Company Information
13.12.2 C&C Truck Natural Gas Vehicles Product Portfolios and Specifications
13.12.3 C&C Truck Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023)
13.12.4 C&C Truck Main Business Overview
13.12.5 C&C Truck Latest Developments
14 Research Findings and Conclusion