Global Light and Heavy-duty Natural Gas Vehicle Market Growth 2023-2029

Global Light and Heavy-duty Natural Gas Vehicle Market Growth 2023-2029

Natural gas can be used in all classes of vehicles – motorcycles, cars, vans, light and heavy duty trucks, buses, lift trucks, locomotives. Marine applications are increasing with applications such as tug boats, ferries, barges and ships using CNG and LNG. Natural gas powered aircraft are also being trialed.

LPI (LP Information)' newest research report, the “Light and Heavy-duty Natural Gas Vehicle Industry Forecast” looks at past sales and reviews total world Light and Heavy-duty Natural Gas Vehicle sales in 2022, providing a comprehensive analysis by region and market sector of projected Light and Heavy-duty Natural Gas Vehicle sales for 2023 through 2029. With Light and Heavy-duty Natural Gas Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Light and Heavy-duty Natural Gas Vehicle industry.

This Insight Report provides a comprehensive analysis of the global Light and Heavy-duty Natural Gas Vehicle 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 Light and Heavy-duty Natural Gas Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Light and Heavy-duty Natural Gas Vehicle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Light and Heavy-duty Natural Gas Vehicle 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 Light and Heavy-duty Natural Gas Vehicle.

The global Light and Heavy-duty Natural Gas Vehicle 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.

A natural gas vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). In a natural gas powered vehicle, energy is released by combustion of essentially Methane gas (CH4) fuel with Oxygen (O2) from the air to 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 source.

This report presents a comprehensive overview, market shares, and growth opportunities of Light and Heavy-duty Natural Gas Vehicle market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Light-duty NGV
Heavy-duty NGV

Segmentation by application
Public Transportation
Logistics

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.
CNH Industrial
Daimler Trucks
General Motors
MAN Truck & Bus
Volvo Trucks
Beiqi Foton Motor
BRC Gas Equipment
Cummins Westport
Dongfeng Motor
Fiat Chrysler Automobiles
Ford Motor
Gaz
Honda
Impco Technologies
Isuzu Motors
Kamaz
Landi Renzo
Navistar
Renault
Volkswagen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Light and Heavy-duty Natural Gas Vehicle market?

What factors are driving Light and Heavy-duty Natural Gas Vehicle market growth, globally and by region?

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

How do Light and Heavy-duty Natural Gas Vehicle market opportunities vary by end market size?

How does Light and Heavy-duty Natural Gas Vehicle 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.