Global Vehicle Compressed Natural Gas (CNG) Engine Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Vehicle Compressed Natural Gas (CNG) Engine Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

According to APO Research, The global Vehicle Compressed Natural Gas (CNG) Engine market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Vehicle Compressed Natural Gas (CNG) Engine is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Vehicle Compressed Natural Gas (CNG) Engine is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Vehicle Compressed Natural Gas (CNG) Engine is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Vehicle Compressed Natural Gas (CNG) Engine include AB Volvo, Cummins Inc., FPT Industrial S.P.A., Ford Motor Company, Hyundai Motor Company, Honda Motor Company, Maruti Suzuki India Limited, Nissan Motor Co., Ltd. and Volkswagen AG, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope


This report aims to provide a comprehensive presentation of the global market for Vehicle Compressed Natural Gas (CNG) Engine, 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 Vehicle Compressed Natural Gas (CNG) Engine.
The Vehicle Compressed Natural Gas (CNG) Engine market size, estimations, and forecasts are provided in terms of sales volume (K 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 Vehicle Compressed Natural Gas (CNG) Engine 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.

Key Companies & Market Share Insights


In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

AB Volvo
Cummins Inc.
FPT Industrial S.P.A.
Ford Motor Company
Hyundai Motor Company
Honda Motor Company
Maruti Suzuki India Limited
Nissan Motor Co., Ltd.
Volkswagen AG
Weichai
Vehicle Compressed Natural Gas (CNG) Engine segment by Type

Mono Fuel
Bi-fuel
Vehicle Compressed Natural Gas (CNG) Engine segment by Application

Passenger Vehicle
Commercial Vehicle
Vehicle Compressed Natural Gas (CNG) Engine Segment by Region

North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Netherlands
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers


High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Vehicle Compressed Natural Gas (CNG) Engine market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Vehicle Compressed Natural Gas (CNG) Engine and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Vehicle Compressed Natural Gas (CNG) Engine.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Vehicle Compressed Natural Gas (CNG) Engine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Vehicle Compressed Natural Gas (CNG) Engine 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 5: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: 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 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Vehicle Compressed Natural Gas (CNG) Engine Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Vehicle Compressed Natural Gas (CNG) Engine Sales Estimates and Forecasts (2019-2030)
1.3 Vehicle Compressed Natural Gas (CNG) Engine Market by Type
1.3.1 Mono Fuel
1.3.2 Bi-fuel
1.4 Global Vehicle Compressed Natural Gas (CNG) Engine Market Size by Type
1.4.1 Global Vehicle Compressed Natural Gas (CNG) Engine Market Size Overview by Type (2019-2030)
1.4.2 Global Vehicle Compressed Natural Gas (CNG) Engine Historic Market Size Review by Type (2019-2024)
1.4.3 Global Vehicle Compressed Natural Gas (CNG) Engine Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Type (2019-2024)
1.5.2 Europe Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Vehicle Compressed Natural Gas (CNG) Engine Industry Trends
2.2 Vehicle Compressed Natural Gas (CNG) Engine Industry Drivers
2.3 Vehicle Compressed Natural Gas (CNG) Engine Industry Opportunities and Challenges
2.4 Vehicle Compressed Natural Gas (CNG) Engine Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Vehicle Compressed Natural Gas (CNG) Engine Revenue (2019-2024)
3.2 Global Top Players by Vehicle Compressed Natural Gas (CNG) Engine Sales (2019-2024)
3.3 Global Top Players by Vehicle Compressed Natural Gas (CNG) Engine Price (2019-2024)
3.4 Global Vehicle Compressed Natural Gas (CNG) Engine Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Vehicle Compressed Natural Gas (CNG) Engine Key Company Manufacturing Sites & Headquarters
3.6 Global Vehicle Compressed Natural Gas (CNG) Engine Company, Product Type & Application
3.7 Global Vehicle Compressed Natural Gas (CNG) Engine Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Vehicle Compressed Natural Gas (CNG) Engine Market CR5 and HHI
3.8.2 Global Top 5 and 10 Vehicle Compressed Natural Gas (CNG) Engine Players Market Share by Revenue in 2023
3.8.3 2023 Vehicle Compressed Natural Gas (CNG) Engine Tier 1, Tier 2, and Tier 3
4 Vehicle Compressed Natural Gas (CNG) Engine Regional Status and Outlook
4.1 Global Vehicle Compressed Natural Gas (CNG) Engine Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Vehicle Compressed Natural Gas (CNG) Engine Historic Market Size by Region
4.2.1 Global Vehicle Compressed Natural Gas (CNG) Engine Sales in Volume by Region (2019-2024)
4.2.2 Global Vehicle Compressed Natural Gas (CNG) Engine Sales in Value by Region (2019-2024)
4.2.3 Global Vehicle Compressed Natural Gas (CNG) Engine Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Vehicle Compressed Natural Gas (CNG) Engine Forecasted Market Size by Region
4.3.1 Global Vehicle Compressed Natural Gas (CNG) Engine Sales in Volume by Region (2025-2030)
4.3.2 Global Vehicle Compressed Natural Gas (CNG) Engine Sales in Value by Region (2025-2030)
4.3.3 Global Vehicle Compressed Natural Gas (CNG) Engine Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Vehicle Compressed Natural Gas (CNG) Engine by Application
5.1 Vehicle Compressed Natural Gas (CNG) Engine Market by Application
5.1.1 Passenger Vehicle
5.1.2 Commercial Vehicle
5.2 Global Vehicle Compressed Natural Gas (CNG) Engine Market Size by Application
5.2.1 Global Vehicle Compressed Natural Gas (CNG) Engine Market Size Overview by Application (2019-2030)
5.2.2 Global Vehicle Compressed Natural Gas (CNG) Engine Historic Market Size Review by Application (2019-2024)
5.2.3 Global Vehicle Compressed Natural Gas (CNG) Engine Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Application (2019-2024)
5.3.2 Europe Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 AB Volvo
6.1.1 AB Volvo Comapny Information
6.1.2 AB Volvo Business Overview
6.1.3 AB Volvo Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.1.4 AB Volvo Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.1.5 AB Volvo Recent Developments
6.2 Cummins Inc.
6.2.1 Cummins Inc. Comapny Information
6.2.2 Cummins Inc. Business Overview
6.2.3 Cummins Inc. Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Cummins Inc. Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.2.5 Cummins Inc. Recent Developments
6.3 FPT Industrial S.P.A.
6.3.1 FPT Industrial S.P.A. Comapny Information
6.3.2 FPT Industrial S.P.A. Business Overview
6.3.3 FPT Industrial S.P.A. Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.3.4 FPT Industrial S.P.A. Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.3.5 FPT Industrial S.P.A. Recent Developments
6.4 Ford Motor Company
6.4.1 Ford Motor Company Comapny Information
6.4.2 Ford Motor Company Business Overview
6.4.3 Ford Motor Company Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Ford Motor Company Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.4.5 Ford Motor Company Recent Developments
6.5 Hyundai Motor Company
6.5.1 Hyundai Motor Company Comapny Information
6.5.2 Hyundai Motor Company Business Overview
6.5.3 Hyundai Motor Company Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Hyundai Motor Company Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.5.5 Hyundai Motor Company Recent Developments
6.6 Honda Motor Company
6.6.1 Honda Motor Company Comapny Information
6.6.2 Honda Motor Company Business Overview
6.6.3 Honda Motor Company Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Honda Motor Company Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.6.5 Honda Motor Company Recent Developments
6.7 Maruti Suzuki India Limited
6.7.1 Maruti Suzuki India Limited Comapny Information
6.7.2 Maruti Suzuki India Limited Business Overview
6.7.3 Maruti Suzuki India Limited Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Maruti Suzuki India Limited Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.7.5 Maruti Suzuki India Limited Recent Developments
6.8 Nissan Motor Co., Ltd.
6.8.1 Nissan Motor Co., Ltd. Comapny Information
6.8.2 Nissan Motor Co., Ltd. Business Overview
6.8.3 Nissan Motor Co., Ltd. Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Nissan Motor Co., Ltd. Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.8.5 Nissan Motor Co., Ltd. Recent Developments
6.9 Volkswagen AG
6.9.1 Volkswagen AG Comapny Information
6.9.2 Volkswagen AG Business Overview
6.9.3 Volkswagen AG Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Volkswagen AG Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.9.5 Volkswagen AG Recent Developments
6.10 Weichai
6.10.1 Weichai Comapny Information
6.10.2 Weichai Business Overview
6.10.3 Weichai Vehicle Compressed Natural Gas (CNG) Engine Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Weichai Vehicle Compressed Natural Gas (CNG) Engine Product Portfolio
6.10.5 Weichai Recent Developments
7 North America by Country
7.1 North America Vehicle Compressed Natural Gas (CNG) Engine Sales by Country
7.1.1 North America Vehicle Compressed Natural Gas (CNG) Engine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Vehicle Compressed Natural Gas (CNG) Engine Sales by Country (2019-2024)
7.1.3 North America Vehicle Compressed Natural Gas (CNG) Engine Sales Forecast by Country (2025-2030)
7.2 North America Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country
7.2.1 North America Vehicle Compressed Natural Gas (CNG) Engine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country (2019-2024)
7.2.3 North America Vehicle Compressed Natural Gas (CNG) Engine Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Vehicle Compressed Natural Gas (CNG) Engine Sales by Country
8.1.1 Europe Vehicle Compressed Natural Gas (CNG) Engine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Vehicle Compressed Natural Gas (CNG) Engine Sales by Country (2019-2024)
8.1.3 Europe Vehicle Compressed Natural Gas (CNG) Engine Sales Forecast by Country (2025-2030)
8.2 Europe Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country
8.2.1 Europe Vehicle Compressed Natural Gas (CNG) Engine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country (2019-2024)
8.2.3 Europe Vehicle Compressed Natural Gas (CNG) Engine Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Sales by Country
9.1.1 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Sales by Country (2019-2024)
9.1.3 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country
9.2.1 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Vehicle Compressed Natural Gas (CNG) Engine Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Vehicle Compressed Natural Gas (CNG) Engine Sales by Country
10.1.1 Latin America Vehicle Compressed Natural Gas (CNG) Engine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Vehicle Compressed Natural Gas (CNG) Engine Sales by Country (2019-2024)
10.1.3 Latin America Vehicle Compressed Natural Gas (CNG) Engine Sales Forecast by Country (2025-2030)
10.2 Latin America Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country
10.2.1 Latin America Vehicle Compressed Natural Gas (CNG) Engine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country (2019-2024)
10.2.3 Latin America Vehicle Compressed Natural Gas (CNG) Engine Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Sales by Country
11.1.1 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Sales by Country (2019-2024)
11.1.3 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country
11.2.1 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Vehicle Compressed Natural Gas (CNG) Engine Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Vehicle Compressed Natural Gas (CNG) Engine Value Chain Analysis
12.1.1 Vehicle Compressed Natural Gas (CNG) Engine Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Vehicle Compressed Natural Gas (CNG) Engine Production Mode & Process
12.2 Vehicle Compressed Natural Gas (CNG) Engine Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Vehicle Compressed Natural Gas (CNG) Engine Distributors
12.2.3 Vehicle Compressed Natural Gas (CNG) Engine Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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