Global Automotive Natural Gas Vehicle (NGV) Market Insights, Forecast to 2025

SKU ID : QYR- 13680454

Publishing Date : 10-Jul-2019

No. of pages : 110


  • 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 LPG (mainly propane), which is a fuel with a fundamentally different composition.
    Natural gas vehicles play an important role in business and personal use.Huge downstream demand has driven production of natural gas vehicles.The main sales markets are located in the asia-pacific region dominated by China and South America.After sweeping the asia-pacific region, South America, North America and Europe also have a strong procurement market.Asia-pacific is the region with the largest consumption of natural gas vehicles, with a market share of more than 50 percent in 2019.
    Global Automotive Natural Gas Vehicle (NGV) market size will reach 11300 million US$ by 2025, from 6582.1 million US$ in 2018, at a CAGR of 7.5% 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 Automotive Natural Gas Vehicle (NGV).

    This industry study presents the global Automotive Natural Gas Vehicle (NGV) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Natural Gas Vehicle (NGV) production, revenue and market share by manufacturers, key regions and type;
    The consumption of Automotive Natural Gas Vehicle (NGV) 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 Maruti Suzuki, Volkswagen, etc.

    The following manufacturers are covered in this report:
    Maruti Suzuki
    General Motors
    Iran Khodro
    Volvo Group
    C&C Truck

    Automotive Natural Gas Vehicle (NGV) Breakdown Data by Type
    CNG Vehicle
    LNG Vehicle

    In the global market of natural gas vehicles, CNG cars and LNG cars are the main commodities, among which CNH cars account for nearly 80% of the global market share in 2018.

    Automotive Natural Gas Vehicle (NGV) Breakdown Data by Application
    Passenger Cars
    Commercial Vehicle

    In the global market, natural gas vehicles are mainly used in passenger vehicles and commercial vehicles, among which passenger vehicles account for nearly 90% of the market share in 2018.

    Automotive Natural Gas Vehicle (NGV) Production by Region
    North America

    Automotive Natural Gas Vehicle (NGV) Consumption by Region
    North America
    United States
    South Korea
    Central & South America
    Middle East & Africa
    GCC Countries
    South Africa

    The study objectives are:
    To analyze and research the global Automotive Natural Gas Vehicle (NGV) status and future forecast,involving, production, revenue, consumption, historical and forecast.
    To present the key Automotive Natural Gas Vehicle (NGV) manufacturers, production, revenue, market share, Recent Development 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 Automotive Natural Gas Vehicle (NGV) :
    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 Automotive Natural Gas Vehicle (NGV) 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.

    Frequently Asked Questions

    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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