Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Size, Trends, Evolving Technology, Overview, Leading Players Analysis By 2025

This study focuses on the production side and consumption side of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles, presents the global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.

In terms of consumption side, this report focuses on the consumption of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.

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.

The Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles market was valued at 3740 Million US$ in 2017 and is projected to reach 7790 Million US$ by 2025, at a CAGR of 9.6% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles.

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This report includes the following manufacturers; we can also add the other companies as you want.

Fiat Chrysler

Volkswagen

Ford

General Motors

Toyota

Iran Khodro

Nissan

Volvo Group

Hyundai

Honda

Market Segment by Product Type

Passenger Vehicle

Commercial Vehicle

Market Segment by Application

Home Use

Commercial Use

Key Regions split in this report:

North America

Asia-Pacific

Europe

Central & South America

Middle East & Africa

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