Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Research Report 2023(Status and Outlook)

Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Research Report 2023(Status and Outlook)



Report Overview

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 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size was estimated at USD 12480 million in 2022 and is projected to reach USD 23406.47 million by 2029, exhibiting a CAGR of 9.40% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Compressed Natural Gas and Liquefied Natural Gas Vehicle market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Compressed Natural Gas and Liquefied Natural Gas Vehicle market in any manner.

Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Maruti Suzuki

Iran Khodro

Volkswagen

Hyundai Motor

Stellantis

FAW Group

Chang'an Automobile

General Motors

Honda

Volvo Truck

IVECO

Scania

Market Segmentation (by Type)

CNG Vehicle

LNG Vehicle

Market Segmentation (by Application)

Cast Iron Casting

Steel Casting

Aluminum Casting

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Compressed Natural Gas and Liquefied Natural Gas Vehicle Market

Overview of the regional outlook of the Compressed Natural Gas and Liquefied Natural Gas Vehicle Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Compressed Natural Gas and Liquefied Natural Gas Vehicle
1.2 Key Market Segments
1.2.1 Compressed Natural Gas and Liquefied Natural Gas Vehicle Segment by Type
1.2.2 Compressed Natural Gas and Liquefied Natural Gas Vehicle Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
1.4 Key Data of Global Auto Market
1.4.1 Global Automobile Production by Country
1.4.2 Global Automobile Production by Type
2 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Overview
2.1 Global Market Overview
2.1.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Competitive Landscape
3.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Manufacturers (2018-2023)
3.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Revenue Market Share by Manufacturers (2018-2023)
3.3 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Sites, Area Served, Product Type
3.6 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Competitive Situation and Trends
3.6.1 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Concentration Rate
3.6.2 Global 5 and 10 Largest Compressed Natural Gas and Liquefied Natural Gas Vehicle Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Compressed Natural Gas and Liquefied Natural Gas Vehicle Industry Chain Analysis
4.1 Compressed Natural Gas and Liquefied Natural Gas Vehicle Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Compressed Natural Gas and Liquefied Natural Gas Vehicle Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Market Share by Type (2018-2023)
6.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size Market Share by Type (2018-2023)
6.4 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Price by Type (2018-2023)
7 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Sales by Application (2018-2023)
7.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size (M USD) by Application (2018-2023)
7.4 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Growth Rate by Application (2018-2023)
8 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Segmentation by Region
8.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Region
8.1.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Region
8.1.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Market Share by Region
8.2 North America
8.2.1 North America Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Maruti Suzuki
9.1.1 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.1.2 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.1.3 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.1.4 Maruti Suzuki Business Overview
9.1.5 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle SWOT Analysis
9.1.6 Maruti Suzuki Recent Developments
9.2 Iran Khodro
9.2.1 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.2.2 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.2.3 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.2.4 Iran Khodro Business Overview
9.2.5 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle SWOT Analysis
9.2.6 Iran Khodro Recent Developments
9.3 Volkswagen
9.3.1 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.3.2 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.3.3 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.3.4 Volkswagen Business Overview
9.3.5 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle SWOT Analysis
9.3.6 Volkswagen Recent Developments
9.4 Hyundai Motor
9.4.1 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.4.2 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.4.3 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.4.4 Hyundai Motor Business Overview
9.4.5 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle SWOT Analysis
9.4.6 Hyundai Motor Recent Developments
9.5 Stellantis
9.5.1 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.5.2 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.5.3 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.5.4 Stellantis Business Overview
9.5.5 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle SWOT Analysis
9.5.6 Stellantis Recent Developments
9.6 FAW Group
9.6.1 FAW Group Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.6.2 FAW Group Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.6.3 FAW Group Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.6.4 FAW Group Business Overview
9.6.5 FAW Group Recent Developments
9.7 Chang'an Automobile
9.7.1 Chang'an Automobile Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.7.2 Chang'an Automobile Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.7.3 Chang'an Automobile Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.7.4 Chang'an Automobile Business Overview
9.7.5 Chang'an Automobile Recent Developments
9.8 General Motors
9.8.1 General Motors Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.8.2 General Motors Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.8.3 General Motors Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.8.4 General Motors Business Overview
9.8.5 General Motors Recent Developments
9.9 Honda
9.9.1 Honda Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.9.2 Honda Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.9.3 Honda Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.9.4 Honda Business Overview
9.9.5 Honda Recent Developments
9.10 Volvo Truck
9.10.1 Volvo Truck Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.10.2 Volvo Truck Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.10.3 Volvo Truck Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.10.4 Volvo Truck Business Overview
9.10.5 Volvo Truck Recent Developments
9.11 IVECO
9.11.1 IVECO Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.11.2 IVECO Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.11.3 IVECO Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.11.4 IVECO Business Overview
9.11.5 IVECO Recent Developments
9.12 Scania
9.12.1 Scania Compressed Natural Gas and Liquefied Natural Gas Vehicle Basic Information
9.12.2 Scania Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Overview
9.12.3 Scania Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Market Performance
9.12.4 Scania Business Overview
9.12.5 Scania Recent Developments
10 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Forecast by Region
10.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size Forecast
10.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size Forecast by Country
10.2.3 Asia Pacific Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size Forecast by Region
10.2.4 South America Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Compressed Natural Gas and Liquefied Natural Gas Vehicle by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Compressed Natural Gas and Liquefied Natural Gas Vehicle by Type (2024-2029)
11.1.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Compressed Natural Gas and Liquefied Natural Gas Vehicle by Type (2024-2029)
11.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Forecast by Application (2024-2029)
11.2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales (K Units) Forecast by Application
11.2.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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