Compressed Natural 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.

Compressed Natural Gas Vehicles Market contains market size and forecasts of Compressed Natural Gas Vehicles in global, including the following market information:

Global Compressed Natural Gas Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Compressed Natural Gas Vehicles Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Compressed Natural Gas Vehicles companies in 2021 (%)

The global Compressed Natural Gas Vehicles market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

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

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

The global key manufacturers of Compressed Natural Gas Vehicles include Faw-Volkswagen, DPCA, Beijing Hyundai, Saic-Volkswagen, DYK, Changan-Suzuki, Cherry, BYD and Lifan, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Compressed Natural Gas 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 Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Compressed Natural Gas Vehicles Market Segment Percentages, by Type, 2021 (%)

Passenger Car

Bus

Truck

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

Global Compressed Natural Gas Vehicles Market Segment Percentages, by Application, 2021 (%)

Operating Vehicle

Family Car

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

Global Compressed Natural Gas 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 Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Compressed Natural Gas Vehicles revenues share in global market, 2021 (%)

Key companies Compressed Natural Gas Vehicles sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Compressed Natural Gas Vehicles sales share in global market, 2021 (%)

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

Faw-Volkswagen

DPCA

Beijing Hyundai

Saic-Volkswagen

DYK

Changan-Suzuki

Cherry

BYD

Lifan

Yutong

JAC

Shudu Bus

Zhongtong Bus

King Long

SG Automotive Group

Asiastar

Yangtse

Foton

Brilliance Auto

Haima

Shaolin Bus

Geely

Changan