Press release
Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Sales Market Will Reach 7790 Million US$ by 2025
This report studies the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market status and forecast, categorizes the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
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 vehicles 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.
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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.
The global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market is valued at 3740 million US$ in 2017 and will reach 7790 million US$ by the end of 2025, growing at a CAGR of 9.6% during 2018-2025.
The major players 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
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
United States
Europe
China
Japan
Southeast Asia
India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Central & South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
Turkey
Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Passenger Vehicle
Commercial Vehicle
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
Home Use
Commercial Use
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The study objectives of this report are:
To analyze and study the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles sales, value, status (2013-2017) and forecast (2018-2025);
To analyze the top players in North America, Europe, China, Japan, Southeast Asia and India, to study the sales, value and market share of top players in these regions.
Focuses on the key Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles players, to study the sales, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
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
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Manufacturers
Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Distributors/Traders/Wholesalers
Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Subcomponent Manufacturers
Industry Association
Downstream Vendors
Available Customizations
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market, by end-use.
Detailed analysis and profiles of additional market players.
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