Global Compressed Natural Gas Vehicles Market Growth 2023-2029

Global Compressed Natural Gas Vehicles Market Growth 2023-2029

Compressed natural gas vehicle is an alternative fuel vehicle that uses compressed natural gas as the fuel rather than gasoline or diesel. CNG, or compressed natural gas, is stored at high pressure, 3,000 to 3,600 pounds per square inch (21 to 25 MPa). The required tank is more massive and costly than a conventional fuel tank. The CNG vehicle’s emissions are cleaner, with lower emissions of carbon and lower particulate emissions per equivalent distance traveled. There is generally less wasted fuel.

LPI (LP Information)' newest research report, the “Compressed Natural Gas Vehicles Industry Forecast” looks at past sales and reviews total world Compressed Natural Gas Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Compressed Natural Gas Vehicles sales for 2023 through 2029. With Compressed 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 Compressed Natural Gas Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Compressed 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 Compressed 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 Compressed Natural Gas Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compressed 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 Compressed Natural Gas Vehicles.

The global Compressed 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.

MENA is the largest Compressed Natural Gas Vehicles market with about 24% market share. South Asia is follower, accounting for about 21% market share.

The key players are Faw-Volkswagen, DPCA, Beijing Hyundai, Saic-Volkswagen, DYK, Changan-Suzuki, Cherry, BYD, Lifan, Yutong, JAC, Shudu Bus, Zhongtong Bus, King Long, SG Automotive Group, Asiastar, Yangtse, Foton, Brilliance Auto, Haima, Shaolin Bus, Geely, Changan etc. Top 3 companies occupied about 70% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Compressed Natural Gas Vehicles market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Passenger Car

Bus

Truck

Segmentation by application

Operating Vehicle

Family Car

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.

Faw-Volkswagen

DPCA

Beijing Hyundai

Saic-Volkswagen

DYK

Changan-Suzuki

Cherry

BYD

Lifan

Yutong

JAC

Shudu Bus

Zhongtong Bus

King Long

SG Automotive Group

Asiastar

Yangtse

Foton

Brilliance Auto

Haima

Shaolin Bus

Geely

Changan

Key Questions Addressed in this Report

What is the 10-year outlook for the global Compressed Natural Gas Vehicles market?

What factors are driving Compressed Natural Gas Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Compressed Natural Gas Vehicles market opportunities vary by end market size?

How does Compressed Natural Gas Vehicles break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.