Global Vehicle Compressed Natural Gas (CNG) Engine Market Growth 2023-2029

Global Vehicle Compressed Natural Gas (CNG) Engine Market Growth 2023-2029

The global Vehicle Compressed Natural Gas (CNG) Engine market size is projected to grow from US$ 4709.3 million in 2022 to US$ 8157.2 million in 2029; it is expected to grow at a CAGR of 8.2% from 2023 to 2029.

United States market for Vehicle Compressed Natural Gas (CNG) Engine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Vehicle Compressed Natural Gas (CNG) Engine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Vehicle Compressed Natural Gas (CNG) Engine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Vehicle Compressed Natural Gas (CNG) Engine players cover 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 terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Vehicle Compressed Natural Gas (CNG) Engine burns compressed natural gas (CNG) instead of gasoline or diesel fuel. In comparison to petroleum and diesel, CNG burns cleaner and emits fewer toxic gases.

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

This Insight Report provides a comprehensive analysis of the global Vehicle Compressed Natural Gas (CNG) Engine 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 Vehicle Compressed Natural Gas (CNG) Engine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vehicle Compressed Natural Gas (CNG) Engine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Compressed Natural Gas (CNG) Engine 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 Vehicle Compressed Natural Gas (CNG) Engine.

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

Market Segmentation:

Segmentation by type
Mono Fuel
Bi-fuel

Segmentation by application
Passenger Vehicle
Commercial Vehicle

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.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vehicle Compressed Natural Gas (CNG) Engine market?

What factors are driving Vehicle Compressed Natural Gas (CNG) Engine market growth, globally and by region?

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

How do Vehicle Compressed Natural Gas (CNG) Engine market opportunities vary by end market size?

How does Vehicle Compressed Natural Gas (CNG) Engine 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.