Report overview
Heavy-duty liquefied natural gas (LNG) vehicles work much like gasoline-powered vehicles with a spark-ignited internal combustion engine. The natural gas is super-cooled and cryogenically stored in liquid form, usually in a tank on the side of the truck. LNG is typically a more expensive option than compressed natural gas (CNG) and is most often used in heavy-duty vehicles to meet longer range requirements. Because it is a liquid, the energy density of LNG is greater than CNG, so more fuel can be stored on board the vehicle. This makes LNG well suited for Class 7 and 8 trucks traveling greater distances.
This report aims to provide a comprehensive presentation of the global market for Heavy-duty Liquefied Natural Gas (LNG) Vehicle, 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 Heavy-duty Liquefied Natural Gas (LNG) Vehicle. This report contains market size and forecasts of Heavy-duty Liquefied Natural Gas (LNG) Vehicle in global, including the following market information:
Global Heavy-duty Liquefied Natural Gas (LNG) Vehicle Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Heavy-duty Liquefied Natural Gas (LNG) Vehicle Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Heavy-duty Liquefied Natural Gas (LNG) Vehicle companies in 2022 (%)
The global Heavy-duty Liquefied Natural Gas (LNG) Vehicle 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.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Fuel Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Heavy-duty Liquefied Natural Gas (LNG) Vehicle include Kanon Loading Equipment, OPW, Safe Harbor, IGATEC GmbH, JLA Loading Technology, Liquip, WLT, Seti Petroleum Equipment and Carbis Solutions, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Heavy-duty Liquefied Natural Gas (LNG) Vehicle 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 Heavy-duty Liquefied Natural Gas (LNG) Vehicle Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Heavy-duty Liquefied Natural Gas (LNG) Vehicle Market Segment Percentages, by Type, 2022 (%)
Fuel
New Energy
Global Heavy-duty Liquefied Natural Gas (LNG) Vehicle Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Heavy-duty Liquefied Natural Gas (LNG) Vehicle Market Segment Percentages, by Application, 2022 (%)
Biodiesel
Electricity
Ethanol
Hydrogen
Natural Gas
Propane
Emerging Fuels
Global Heavy-duty Liquefied Natural Gas (LNG) Vehicle Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Heavy-duty Liquefied Natural Gas (LNG) Vehicle 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 Heavy-duty Liquefied Natural Gas (LNG) Vehicle revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Heavy-duty Liquefied Natural Gas (LNG) Vehicle revenues share in global market, 2022 (%)
Key companies Heavy-duty Liquefied Natural Gas (LNG) Vehicle sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Heavy-duty Liquefied Natural Gas (LNG) Vehicle sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Kanon Loading Equipment
OPW
Safe Harbor
IGATEC GmbH
JLA Loading Technology
Liquip
WLT
Seti Petroleum Equipment
Carbis Solutions
Woodfield Systems
Outline of Major Chapters:
Chapter 1: Introduces the definition of Heavy-duty Liquefied Natural Gas (LNG) Vehicle, market overview.
Chapter 2: Global Heavy-duty Liquefied Natural Gas (LNG) Vehicle market size in revenue and volume.
Chapter 3: Detailed analysis of Heavy-duty Liquefied Natural Gas (LNG) Vehicle 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 Heavy-duty Liquefied Natural Gas (LNG) Vehicle 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 Heavy-duty Liquefied Natural Gas (LNG) Vehicle 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.
