Compressed Natural Gas and Liquefied Petroleum Gas Vehicles Market

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.Two gaseous fuels that can be used in spark-ignition engines are Liquefied Petroleum Gas (LPG) and natural gas. Natural gas is a naturally occurring mixture of hydrocarbons consisting of at least 80% methane, with lesser amount of propane ethane and butane. LPG is also a mixture of hydrocarbons, but its main constituent is propane, with lesser amounts of ethane and butane.

Compressed Natural Gas and Liquefied Petroleum Gas Vehicles Market contains market size and forecasts of Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles in global, including the following market information:

Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles companies in 2021 (%)

The global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles market was valued at 5065.5 million in 2021 and is projected to reach US$ 8437 million by 2028, at a CAGR of 7.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Passenger Vehicle Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles include Volkswagen, Fiat Chrysler, Ford, General Motors, Toyota, Nissan, Volvo Group, Hyundai and Honda, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market Segment Percentages, by Type, 2021 (%)

Passenger Vehicle

Commercial Vehicle

Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market Segment Percentages, by Application, 2021 (%)

Home Use

Commercial Use

Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles revenues share in global market, 2021 (%)

Key companies Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicles sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Volkswagen

Fiat Chrysler

Ford

General Motors

Toyota

Nissan

Volvo Group

Hyundai

Honda

Mercedes-Benz

Renault

PSA

Great Wall Motors