North America Automotive Natural Gas Vehicle Market Size, Share & Industry Trends Analysis Report By Vehicle Type (Passenger Vehicles, Light-duty & Heavy-duty Buses & Trucks and Three-wheelers), By Fuel Type, By Country and Growth Forecast, 2022 - 2028

North America Automotive Natural Gas Vehicle Market Size, Share & Industry Trends Analysis Report By Vehicle Type (Passenger Vehicles, Light-duty & Heavy-duty Buses & Trucks and Three-wheelers), By Fuel Type, By Country and Growth Forecast, 2022 - 2028

The North America Automotive Natural Gas Vehicle Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).

CNG is stored at 210 to 250 bar pressure (3,000 to 3,600 psi). The needed tank is larger and more expensive than a standard fuel tank. With LNG plants, slow-fill (several hours) is considered to be cost-effective. The time needed to refill a CNG tank differs significantly between stations. Typical residential refuelers fill at a rate of 1 kg/h. At gas stations, since the pressure is significantly higher, a 25-kilogram tank can be refilled in up to 10 minutes.

Depending on gas composition and throughput, it may be possible to link commercial CNG fuelling stations to gas distribution networks or to enable direct residential CNG vehicle fueling with a gas compressor. Parallel to a power source, the CNG tank of a vehicle might function as a home power storage device, as well as the compressor could be operated when excess/free renewable electrical energy is available.

Natural gas is abundant in the United States, and the country is the lowest-cost producer in the world. Therefore, it presents a multitude of potential opportunities for the market for automotive natural gas vehicles. Moreover, the increased production of shale gas throughout the United States has increased the natural gas supply. This significant increase can be linked to the rapid expansion of alternate gas resources and shale since 2008, as well as the development of improved drilling techniques, such as fracking. As a result, natural gas costs have decreased for both residential and commercial consumers.

The US market dominated the North America Automotive Natural Gas Vehicle Market by Country in 2021; thereby, achieving a market value of $2,422.7 million by 2028. The Canada is experiencing a CAGR of 7.1% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 6.8% during (2022 - 2028).

Based on Vehicle Type, the market is segmented into Passenger Vehicles, Light-duty & Heavy-duty Buses & Trucks and Three-wheelers. Based on Fuel Type, the market is segmented into CNG and LNG. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Volvo Group, CNH Industrial N.V., Cummins, Inc., Hexagon Agility, Inc. (Hexagon AB), Beijing Foton International Trade Co., Ltd., Clean Energy Fuels Corp., PACCAR, Inc., Navistar, Inc., Quantum Fuel Systems LLC and Westport Fuel Systems, Inc.

Scope of the Study

Market Segments covered in the Report:

By Vehicle Type

  • Passenger Vehicles
  • Light-duty & Heavy-duty Buses & Trucks
  • Three-wheelers
By Fuel Type
  • CNG
  • LNG
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Volvo Group
  • CNH Industrial N.V.
  • Cummins, Inc.
  • Hexagon Agility, Inc. (Hexagon AB)
  • Beijing Foton International Trade Co., Ltd.
  • Clean Energy Fuels Corp.
  • PACCAR, Inc.
  • Navistar, Inc.
  • Quantum Fuel Systems LLC
  • Westport Fuel Systems, Inc.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Natural Gas Vehicle Market, by Vehicle Type
1.4.2 North America Automotive Natural Gas Vehicle Market, by Fuel Type
1.4.3 North America Automotive Natural Gas Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Sep – 2022, Oct) Leading Players
Chapter 4. North America Automotive Natural Gas Vehicle Market by Vehicle Type
4.1 North America Passenger Vehicles Market by Country
4.2 North America Light-duty & Heavy-duty Buses & Trucks Market by Country
4.3 North America Three-wheelers Market by Country
Chapter 5. North America Automotive Natural Gas Vehicle Market by Fuel Type
5.1 North America CNG Market by Country
5.2 North America LNG Market by Country
Chapter 6. North America Automotive Natural Gas Vehicle Market by Country
6.1 US Automotive Natural Gas Vehicle Market
6.1.1 US Automotive Natural Gas Vehicle Market by Vehicle Type
6.1.2 US Automotive Natural Gas Vehicle Market by Fuel Type
6.2 Canada Automotive Natural Gas Vehicle Market
6.2.1 Canada Automotive Natural Gas Vehicle Market by Vehicle Type
6.2.2 Canada Automotive Natural Gas Vehicle Market by Fuel Type
6.3 Mexico Automotive Natural Gas Vehicle Market
6.3.1 Mexico Automotive Natural Gas Vehicle Market by Vehicle Type
6.3.2 Mexico Automotive Natural Gas Vehicle Market by Fuel Type
6.4 Rest of North America Automotive Natural Gas Vehicle Market
6.4.1 Rest of North America Automotive Natural Gas Vehicle Market by Vehicle Type
6.4.2 Rest of North America Automotive Natural Gas Vehicle Market by Fuel Type
Chapter 7. Company Profiles
7.1 Cummins, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Acquisition and Mergers:
7.2 CNH Industrial N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.3 Volvo Group
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Hexagon Agility, Inc. (Hexagon AB)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.4.5.3 Acquisition and Mergers:
7.5 Beijing Foton International Trade Co., Ltd.
7.5.1 Company Overview
7.6 Clean Energy Fuels Corp.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.7 PACCAR, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 Navistar, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.9 Quantum Fuel Systems LLC
7.9.1 Company Overview
7.10. Westport Fuel Systems, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Product Launches and Product Expansions:
7.10.5.2 Acquisition and Mergers:

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