Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Compressed Natural Gas Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Compressed Natural Gas Vehicles. This report contains market size and forecasts of Compressed Natural Gas Vehicles in global, including the following market information:
Global Compressed Natural Gas Vehicles Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Compressed Natural Gas Vehicles Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Compressed Natural Gas Vehicles companies in 2022 (%)
The global Compressed Natural Gas Vehicles market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Compressed Natural Gas Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Compressed Natural Gas Vehicles Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Compressed Natural Gas Vehicles Market Segment Percentages, by Type, 2022 (%)
Passenger Car
Bus
Truck
Global Compressed Natural Gas Vehicles Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Compressed Natural Gas Vehicles Market Segment Percentages, by Application, 2022 (%)
Operating Vehicle
Family Car
Global Compressed Natural Gas Vehicles Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Compressed Natural Gas Vehicles Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Compressed Natural Gas Vehicles revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Compressed Natural Gas Vehicles revenues share in global market, 2022 (%)
Key companies Compressed Natural Gas Vehicles sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Compressed Natural Gas Vehicles sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Compressed Natural Gas Vehicles, market overview.
Chapter 2: Global Compressed Natural Gas Vehicles market size in revenue and volume.
Chapter 3: Detailed analysis of Compressed Natural Gas Vehicles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Compressed Natural Gas Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Compressed Natural Gas Vehicles capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
