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Automotive Natural Gas Vehicle Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Automotive Natural Gas Vehicle Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Automotive Natural Gas Vehicle Market by Fuel Type (Compressed Natural Gas, Liquefied Natural Gas), Vehicle Type (Passenger Vehicles, Light-duty & Heavy-duty Buses and Trucks, Three-wheelers) and Geography

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Report

Description

Automotive Natural Gas Vehicle Market will be valued at USD 11.2 billion in 2022. It is expected to reach a value of USD 17.40 billion by 2028, growing at a CAGR of 6.5% from 2022 to 2028. The global market provides a detailed overview of the Automotive Natural Gas Vehicle Market, which has been segmented by fuel type and vehicle type. The market has been segmented by fuel type into Compressed Natural Gas and Liquefied Natural Gas. The Compressed Natural Gas segment is likely the largest and fastest-growing in terms of fuel type. Based on vehicle type, the automotive natural gas vehicle is segmented into Passenger Vehicles, Light-duty & Heavy-duty Buses and Trucks, and Three-wheelers. According to precision business insights, the Passenger Vehicles Type segment is anticipated to register the fastest growth rate during the forecast period.

Key Development:

In February 2021, Agility Fuel Solutions merged with Hexagon Mobile Pipeline to strengthen its position in the list of natural gas and renewable natural gas mobility solution providers.

Automotive Natural Gas Vehicle Market

MARKET SUMMARY
-
6.5%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.5%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Asia-Pacific

Automotive Natural Gas Vehicle Market

  • The automotive natural gas vehicle market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The automotive natural gas vehicle market report gives historical, current, and future market sizes (US$ Mn) based on fuel type, vehicle type and geography.
Key Players
  • AB Volvo
  • Daimler AG
  • CNH Industrial NV
  • Agility Fuel Systems Inc.
  • Clean Energy Fuels Corp.
Automotive Natural Gas Vehicle Market Drivers

Government rules governing environmental protection and greenhouse gas (GHG) emissions are getting increasingly strict worldwide. As a result, natural gas is increasingly being used in various applications across numerous industries, which is expected to drive market growth.

Asia-Pacific Got Significant Share

Automotive Natural Gas Vehicle Market

The Asia Pacific market is expected to witness the highest market share during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Features of the Report

  • The automotive natural gas vehicle market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Automotive Natural Gas Vehicle Market Segmentation

segmentation-block-image

by Fuel Type

    • Compressed Natural Gas,
    • Liquefied Natural Gas
segmentation-block-image

Vehicle Type

    • Passenger Vehicles,
    • Light-duty & Heavy-duty Buses and Trucks,
    • Three-wheelers
segmentation-block-image

By Geography

    • North America,
    • Europe,
    • Asia Pacific,
    • Latin America and
    • Middle East and Africa
Location

GEOGRAPHY

Frequently Asked Questions

The automotive natural gas vehicle market is projected to expand at a CAGR of 5.2% during the forecast period.

The major players in the global automotive natural gas vehicle market are Agility Fuel Solutions, AB Volvo, Beiqi Foton Motor Co., Ltd., CNH Industrial N.V., Clean Energy Fuels, Cummins, Inc., PACCAR, Inc., Navistar, Inc., Quantum Fuel Systems LLC, Westport Fuel Systems Inc.

Asia Pacific is the fastest-growing region for automotive natural gas vehicle market

Report

Table Of Content

1. Executive Summary
2. Global Automotive Natural Gas Vehicle Market Introduction
2.1. Global Automotive Natural Gas Vehicle Market – Taxonomy
2.2. Global Automotive Natural Gas Vehicle Market –Definitions
2.2.1. By Fuel Type
2.2.2. By Vehicle Type
2.2.3. By Region
3. Global Automotive Natural Gas Vehicle Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Automotive Natural Gas Vehicle Market Dynamic Factors – Impact Analysis
3.6. Global Automotive Natural Gas Vehicle Market – Competition Landscape
4. Global Automotive Natural Gas Vehicle Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Automotive Natural Gas Vehicle Market, By Fuel Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Compressed Natural Gas
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Liquefied Natural Gas
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Automotive Natural Gas Vehicle Market, By Vehicle Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. Passenger Vehicles
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Light-duty & Heavy-duty Buses and Trucks
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Three-wheelers
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Automotive Natural Gas Vehicle Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Automotive Natural Gas Vehicle Market – Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Region, 2022 – 2028
8. North America Automotive Natural Gas Vehicle Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. Fuel Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Compressed Natural Gas
8.1.2. Liquefied Natural Gas
8.2. Vehicle Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Passenger Vehicles
8.2.2. Light-duty & Heavy-duty Buses and Trucks
8.2.3. Three-wheelers
8.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Automotive Natural Gas Vehicle Market – Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2022 – 2028
8.5. North America Automotive Natural Gas Vehicle Market Dynamics – Trends
9. Europe Automotive Natural Gas Vehicle Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Fuel Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Compressed Natural Gas
9.1.2. Liquefied Natural Gas
9.2. Vehicle Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Passenger Vehicles
9.2.2. Light-duty & Heavy-duty Buses and Trucks
9.2.3. Three-wheelers
9.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe Automotive Natural Gas Vehicle Market – Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2022 – 2028
9.5. Europe Automotive Natural Gas Vehicle Market Dynamics – Trends
10. Asia-Pacific Automotive Natural Gas Vehicle Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Fuel Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Compressed Natural Gas
10.1.2. Liquefied Natural Gas
10.2. Vehicle Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Passenger Vehicles
10.2.2. Light-duty & Heavy-duty Buses and Trucks
10.2.3. Three-wheelers
10.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Automotive Natural Gas Vehicle Market – Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2022 – 2028
10.5. Asia-Pacific Automotive Natural Gas Vehicle Market Dynamics – Trends
11. Latin America Automotive Natural Gas Vehicle Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Fuel Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Compressed Natural Gas
11.1.2. Liquefied Natural Gas
11.2. Vehicle Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Passenger Vehicles
11.2.2. Light-duty & Heavy-duty Buses and Trucks
11.2.3. Three-wheelers
11.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Automotive Natural Gas Vehicle Market – Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2022 – 2028
11.5. Latin America Automotive Natural Gas Vehicle Market Dynamics – Trends
12. Middle East and Africa Automotive Natural Gas Vehicle Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Fuel Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Compressed Natural Gas
12.1.2. Liquefied Natural Gas
12.2. Vehicle Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Passenger Vehicles
12.2.2. Light-duty & Heavy-duty Buses and Trucks
12.2.3. Three-wheelers
12.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Automotive Natural Gas Vehicle Market – Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2022 – 2028
12.5. MEA Automotive Natural Gas Vehicle Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Fuel Type Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. AB Volvo
13.2.2. Agility Fuel Systems Inc.
13.2.3. Clean Energy Fuels Corp.
13.2.4. CNH Industrial NV
13.2.5. Daimler AG
13.2.6. Dongfeng Motor Group Company Limited
13.2.7. Landi Renzo SPA
13.2.8. Quantum Fuel Systems LLC
13.2.9. Westport Fuel Systems Inc.
14. Research Methodology
15. Key Assumptions and Acronyms
Report

Company Profile

  • AB Volvo
  • Agility Fuel Systems Inc.
  • Clean Energy Fuels Corp.
  • CNH Industrial NV
  • Daimler AG
  • Dongfeng Motor Group Company Limited
  • Landi Renzo SPA
  • Quantum Fuel Systems LLC
  • Westport Fuel Systems Inc.

Description

Automotive Natural Gas Vehicle Market will be valued at USD 11.2 billion in 2022. It is expected to reach a value of USD 17.40 billion by 2028, growing at a CAGR of 6.5% from 2022 to 2028. The global market provides a detailed overview of the Automotive Natural Gas Vehicle Market, which has been segmented by fuel type and vehicle type. The market has been segmented by fuel type into Compressed Natural Gas and Liquefied Natural Gas. The Compressed Natural Gas segment is likely the largest and fastest-growing in terms of fuel type. Based on vehicle type, the automotive natural gas vehicle is segmented into Passenger Vehicles, Light-duty & Heavy-duty Buses and Trucks, and Three-wheelers. According to precision business insights, the Passenger Vehicles Type segment is anticipated to register the fastest growth rate during the forecast period.

Key Development:

In February 2021, Agility Fuel Solutions merged with Hexagon Mobile Pipeline to strengthen its position in the list of natural gas and renewable natural gas mobility solution providers.

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