Report overview
LNG commercial vehicle refers to a commercial vehicle fueled by liquefied natural gas. The engine of this model is smaller and simpler, which can save up to 50% of fuel, but still can provide high horsepower and meet the power requirements of heavy-duty vehicles with less fuel. At the same time reduce particulate matter and carbon emissions.
This report contains market size and forecasts of LNG Commercial Vehicle in global, including the following market information:
Global LNG Commercial Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global LNG Commercial Vehicle Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five LNG Commercial Vehicle companies in 2021 (%)
The global LNG Commercial Vehicle market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Spark Ignition Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of LNG Commercial Vehicle include IVECO, HYUNORI, Zhejiang Geely Holding Group, Volvo, Scania, Dongfeng Motor Corporation, FAW, CNHTC and FOTON. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the LNG Commercial 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 LNG Commercial Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global LNG Commercial Vehicle Market Segment Percentages, by Type, 2021 (%)
Spark Ignition
Hybrid Compression Ignition
Global LNG Commercial Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global LNG Commercial Vehicle Market Segment Percentages, by Application, 2021 (%)
Cty Bus
Urban Engineering Vehicles
Sanitation Vehicles
Logistics and Transportation Company
Global LNG Commercial Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global LNG Commercial 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 LNG Commercial Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies LNG Commercial Vehicle revenues share in global market, 2021 (%)
Key companies LNG Commercial Vehicle sales in global market, 2017-2022 (Estimated), (K Units)
Key companies LNG Commercial Vehicle sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
IVECO
HYUNORI
Zhejiang Geely Holding Group
Volvo
Scania
Dongfeng Motor Corporation
FAW
CNHTC
FOTON
