CNG Vehicles Market Overview
Increasing environmental issues, rising diesel and gasoline costs, and growing demand for CNG as a substitute for different fuels are a number of the promising factors that supply demand for the worldwide CNG market.
Rising investment in infrastructure to expand the penetration of compressed natural gas as a vehicle fuel is additionally projected to propel the market growth. in addition, tight government laws to support the pollution management initiatives as well as an increase within the use of CNG in major metropolitan cities additional support the substantial growth of the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Installation Type,Vehicle Type, Application, Industry Vertical, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Alpine Electronics ,Clarion Co., Ltd. ,Continental AG ,Delphi Automotive PLC, Denso Corporation ,Harman International,JVC KENWOOD Corporation ,Panasonic Corporation,Pioneer Corporation,Visteon Corporation. |
The covid-19 Impact on CNG Vehicles Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
CNG Vehicles Market Segment Overview
By Type, the non-associated gas reservoir is anticipated to emerge because the leading source segment. Increasing exploration of unconventional gas reservoirs to satisfy the increasing energy desires across the world is expected to drive the market for CNG period the forecast amount.
By Application, the light passenger vehicle segment accounted for the light share within the market and is estimated to create a lot of addition to that over the forecast amount. Introduction of in-built CNG fuel owing to extend the efficiency of light traveler vehicles and cut back maintenance prices supporting the segmental growth.
Market Analysis, Insights and Forecast – By Type
· Non-associated
· Associated
· Unconventional methods
Market Analysis, Insights and Forecast – By Application
· Light passenger vehicle
· Medium/heavy duty vehicles
· Others
CNG Vehicles Market Regional Overview
Region-wise, in terms of regions,Asia Pacific is anticipated to emerge because the key consuming marketplace for CNG Market. An increase within the variety of CNG-based vehicles and favorable regulative support helps the regional growth. The regional market in North America is projected to grow considerably due to rising demand for natural gas vehicles (NGVs) and increasing materialistic disposable incomes. moreover, increasing selling efforts by companies to promote CNG as a perfect various fuel is more complementing the expansion of the regional market.
CNG Vehicles-market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
CNG Vehicles Market Competitor overview
Some key developments and strategies adopted by manufacturers in the CNG Vehicles are highlighted below.
· In 2021, Basalt Infrastructure Partners LLC, a number one infrastructure investment firm has formally declared the acquisition of Xpress natural gas (XNG). XNG provides low-carbon energy solutions to industrial, utility, and industrial end-users.
CNG Vehicles Market, Key Players -
· Ford Motor Company,
· Fiat Chrysler Automobiles,
· General Motors,
· Honda Motor Company,
· Volkswagen,
· Hyundai Motor Group,
· Suzuki Motor Corporation,
· Great Wall Motors,
· Iran Khodro.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the CNG Vehicles market during the forecast period?
CNG Vehicles market is expected to record a CAGR of ~13 % during the forecast period.
Q2. Which segment is projected to hold the largest share in the CNG Vehicles Market?
Light Passenger segment is projected to hold the largest share in the CNG Vehicles Market.
Q3. What are the driving factors for the CNG Vehicles market?
The global fuel price has seen an increasing trend over the past five to ten years, because of these reasons, there's a growing demand for reasonable and environmentally friendly fuel different are key factors that boost the growth of the CNG Vehicles market progressively.
Q4. Which Segments are covered in the CNG Vehicles market report?
Type,Application,and Region, these segments are covered in the CNG Vehicles market report.
Q5. Which are the prominent players offering Fuel Dispenser?
Ford Motor Company, Fiat Chrysler Automobiles, General Motors, Honda Motor Company, Volkswagen, Hyundai Motor Group, Suzuki Motor Corporation, Great Wall Motors, Iran Khodro.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global CNG Vehicles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Non-associated
- 5.2.2. Associated
- 5.2.3. Unconventional methods
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Light passenger vehicle
- 5.3.2. Medium/heavy duty vehicles
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America CNG Vehicles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Non-associated
- 6.2.2. Associated
- 6.2.3. Unconventional methods
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Light passenger vehicle
- 6.3.2. Medium/heavy duty vehicles
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. UK
- 6.4.2. Germany
- 6.4.3. France
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Rest of Europe
7. Asia Pacific CNG Vehicles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Non-associated
- 7.2.2. Associated
- 7.2.3. Unconventional methods
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Light passenger vehicle
- 7.3.2. Medium/heavy duty vehicles
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. China
- 7.4.2. India
- 7.4.3. Japan
- 7.4.4. Australia
- 7.4.5. South East Asia
- 7.4.6. Rest of Asia Pacific
8. Latin America, Middle East, and Africa CNG Vehicles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Non-associated
- 8.2.2. Associated
- 8.2.3. Unconventional methods
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Light passenger vehicle
- 8.3.2. Medium/heavy duty vehicles
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. Brazil
- 8.4.2. Saudi Arabia
- 8.4.3. UAE
- 8.4.4. Rest of LAMEA
9. Competitive Analysis
- 9.1. Company Market Share Analysis, 2018
- 9.2. Key Industry Developments
- 9.3. Company Profile
- 9.4. IBM Corporation
- 9.4.1. Business Overview
- 9.4.2. Segment 1 & Service Offering
- 9.4.3. Overall Revenue
- 9.4.4. Geographic Presence
- 9.4.5. Recent Development
- 9.5. Ford Motor Company
- 9.6. Fiat Chrysler Automobiles
- 9.7. General Motors,
- 9.8. Honda Motor Company
- 9.9. Volkswagen
- 9.10. Hyundai Motor Group,
- 9.11. Suzuki Motor Corporation,
- 9.12. Great Wall Motors,
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
