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.
In the next five years, the Global consumption of CNG and LPG Vehicles will maintain about 10.85% annual growth rate.
The global average price of CNG and LPG vehicles is in the decreasing trend, from14.4 K USD/Unit in 2013 to 12.8 K USD/Unit g in 2018. With the situation of global economy and more company enter this industry; prices will be decreasing trend in the following five years.
MENA is a large consumption place, with a consumption market share nearly 27.85%. Following south Asia, China is another important consumption place with the consumption market share of 15.03% in 2017.
In 2017, there are two key reasons causing the huge decline of CNG Vehicles’ sales in China. One is China has introduced a new policy to limit motor vehicle "oil to gas", another is the decline in gasoline price.
Market competition is intense. Fiat Chrysler, Volkswagen, Ford, General Motors, etc. are the leaders of the industry, and they hold high-end customers, and their products are famous in the world.
Industry concentration is deepening. China domestic CNG vehicles enterprises are increasing investment and absorbing foreign advanced technologies so that large companies will gain more market share.
Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market size will reach 7790 million US$ by 2025, from 3740 million US$ in 2018, at a CAGR of 9.6% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles.
This industry study presents the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles production, revenue and market share by manufacturers, key regions and type;
The consumption of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Fiat Chrysler, Volkswagen, etc.
The following manufacturers are covered in this report:
Fiat Chrysler
Volkswagen
Ford
General Motors
Toyota
Iran Khodro
Nissan
Volvo Group
Hyundai
Honda
Suzuki
Mercedes-Benz
Renault
PSA
Great Wall Motors
Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Breakdown Data by Type
Passenger Vehicle
Commercial Vehicle
Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Breakdown Data by Application
Home Use
Commercial Use
Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles . Industry analysis & Market Report on Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles is a syndicated market report, published as Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.