Report overview
A natural gas vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). Natural gas vehicles should not be confused with vehicles powered by propane (LPG), which is a fuel with a fundamentally different composition.
This report contains market size and forecasts of CNG and LPG Vehicle in global, including the following market information:
Global CNG and LPG Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global CNG and LPG Vehicle Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five CNG and LPG Vehicle companies in 2021 (%)
The global CNG and LPG Vehicle market was valued at 2640.2 million in 2021 and is projected to reach US$ 3898.3 million by 2028, at a CAGR of 5.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Passenger Vehicle Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of CNG and LPG Vehicle include Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Toyota, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the CNG and LPG 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 CNG and LPG Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global CNG and LPG Vehicle Market Segment Percentages, by Type, 2021 (%)
Passenger Vehicle
Commercial Vehicle
Global CNG and LPG Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global CNG and LPG Vehicle Market Segment Percentages, by Application, 2021 (%)
Home Use
Commercial Use
Global CNG and LPG Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global CNG and LPG Vehicle Market Segment Percentages, By Region and Country, 2021 (%)
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 CNG and LPG Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies CNG and LPG Vehicle revenues share in global market, 2021 (%)
Key companies CNG and LPG Vehicle sales in global market, 2017-2022 (Estimated), (K Units)
Key companies CNG and LPG Vehicle sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Toyota
Iran Khodro
Volvo Group
PSA
Mercedes-Benz
Great Wall Motors
