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2022
Automotive Natural Gas Vehicle Market

Automotive Natural Gas Vehicle Market

by Fuel Type (CNG, LNG), by by Vehicle Type (Passenger cars, Commercial vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A09132
Oct 2022 | Pages: 226
Tables: 116
Charts: 52
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The global automotive natural gas vehicle market was valued at $11.1 billion in 2021, and is projected to reach $20.4 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.

Natural gas vehicle is a type of alternative fuel vehicles which utilizes natural gas such as compressed natural gas (CNG), liquefied natural gas (LNG) as a fuel to operate the vehicle. Natural gas vehicles work in similar manner as the gasoline powered engine does. A natural gas vehicle stores the natural gas in a fuel tank, or cylinder, typically at the back of the vehicle. The fuel system transfers the high-pressure gas from the fuel tank to combustion chamber with the aid of fuel lines. Then, inside combustion chamber, the fuel is mixed with air and then compressed, and ignited by a spark plug. Moreover, natural gas vehicles have high performance and low emissions.   

Automotive Natural Gas Vehicle Market

The growth of the global automotive natural gas vehicle market is propelling due to increase in fuel costs, government initiatives to develop & expand natural gas distribution infrastructure, and rise in environmental awareness. However, rise in demand for electric vehicle is the factor that hampers the growth of the market. Furthermore, growth in demand from emerging countries is the factor expected to offer growth opportunities during the forecast period.

The automotive natural gas vehicle market is segmented on the basis of fuel type, vehicle type, and region. By fuel type, it is bifurcated into CNG and LNG. By vehicle type, it is classified into passenger cars and commercial vehicles. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA

Some leading companies profiled in the automotive natural gas vehicle market report comprises AB Volvo, BMW AG, CNH Industrial N.V., Ford Motor Company, Honda Motor Co., Ltd., Mercedes-Benz Group AG, Mitsubishi Motors Corporation, Navistar International Corporation, Nissan Motor Co., Ltd, Tata Motors, Toyota Motor Corporation, and Volkswagen AG.

Automotive Natural Gas Vehicle Market

Government initiatives to develop & expand natural gas distribution infrastructure

Governments of various countries are taking initiatives to reduce carbon footprints by encouraging use of natural gas-based vehicles. Governments in numerous countries across the globe are taking initiatives to develop and expand the natural gas distribution infrastructure to shift toward natural gas-based vehicles instead of petrol or diesel-based vehicles. For instance, in November 2021, in India, the ministry of petroleum and natural gas announced the construction of 100 LNG fueling stations on the major national highways across the country to replace diesel and petrol with cleaner fuel in long-haul vehicles and to achieve the target of 15% share for natural gas in India’s total energy mix by 2030.

In addition, in 2020, in India, Union Minister of petroleum, natural gas and steel, announced that central government is expected to invest $60 billion over the period of next four year to envisaging a gas-based economy by increasing the share of natural gas in India’s primary energy mix from 6.2% to 15% by 2030. Such initiatives taken by government for the development and expansion of natural gas infrastructure are anticipated to foster the growth of the automotive natural gas vehicle industry during the forecast period.

Rise in environmental awareness

Automobiles are a major source of ozone, particulate matter, and other smog-forming pollutants. The dangers of air pollution on one's health are enormous. Poor air quality exacerbates respiratory illnesses such as asthma & bronchitis, raises the risk of life-threatening disorders such as cancer, and costs the health-care system a lot of money. Particulate pollution is responsible for up to 30,000 deaths prematurely each year. Vehicles, engines and motorized equipment that emit exhaust and evaporative pollutants are illustrations of these sources.

Vehicles utilized on roadways for passenger or freight transportation are considered on-road sources. Vehicles, motors, and equipment used for construction, agriculture, recreation, and a variety of other applications are examples of off-road sources. To reduce the environmental impact of the vehicle sector, governments all over the world have passed strict environmental restrictions. For instance, a group of 21 state attorneys general, the District of Columbia, and several large U.S. cities encouraged the U.S. government to implement stringent automobile emission laws in September 2021. Automobile manufacturers create alternative fuel-powered vehicles that provide a greener driving experience with little or no hazardous emissions.

Automotive Natural Gas Vehicle Market

The use of natural gas as a transport fuel has two environmental advantages; for instance, natural gas is a clean burning fuel with very low nitrogen oxides and soot emissions, thus substantially improving the local air quality. In addition to this, natural gas produces less CO2 for every unit of energy consumed by the vehicle. CNG is employed to power passenger cars and city buses. These vehicles emit 5-10% less CO2 than comparable gasoline-powered vehicles.

The recent environmental changes, such as increase in global warming across the globe, have led to rise in awareness among the people to spend the income to buy vehicles powered by natural gas that are less harmful to the environment compared to conventional vehicles. Moreover, governments across the globe have imposed stringent norms for the vehicle emission. Increasing government norms related to vehicle emission is expected to propel the demand for natural gas vehicles, which in turn is anticipated to boost the growth of the automotive natural gas vehicle market across the globe.

Rise in demand for electric vehicle

Climate changes are taking place all over the world. Countries across the globe are taking initiatives to reduce their greenhouse gases and carbon dioxide emission. Several countries across the globe are adopting electric vehicle to achieve their net zero emission target, which in turn is increasing the demand for electric vehicles across the globe. Electric vehicle runs on clean energy and has zero emission as compared to traditional gasoline powered engine. Electric vehicle has an electric motor that runs on electric power supplied by the battery, thereby, eliminating the need of any other type of engine. The rise in interest of consumers toward electric vehicles is likely to hamper the growth of the market during the forecast period as electric vehicle are non-emission vehicles and do not require fuels such as gasoline and diesel.

In addition, electric vehicle comprises of less automotive parts in comparison to traditional vehicle, which results in reduced maintenance cost and lower overall expenses. Thus, rise in demand for electric vehicle is a major factor that restrains the growth of the automotive natural gas vehicle market. 

Automotive Natural Gas Vehicle Market

The impact of the COVID-19 pandemic has resulted in supply-chain disruptions causing low sales of passenger cars and temporary suspension of production of vehicles across the globe, which in turn resulted in decrease in the sales of natural gas vehicles. For instance, in September 2020, Europe recorded a decrease of 50% in the sales of passenger cars running on alternative fuels such ethanol, liquefied petroleum gas (LPG) and natural gas (NGV) in 2020 as compared to 2019. Total number of vehicles sold were reduced to 335,906 units which were 1.1% less in 2020 as compared to 2019. Moreover, import-export activities between countries were temporarily halted due to national emergency, resulting in shortage of supply, return, and replacement of automotive parts & finished items. Several automobile manufacturers faced shortage of components such as semiconductor chips, and others, which resulted in delay in production of automobiles, thereby resulted in decrease in the production of natural gas-based vehicles. However, post-pandemic, few companies has recorded the increase in the sales of natural gas-based vehicles which is expected to drive the growth of the automotive natural gas vehicle market during the forecast timeframe. For instance, in April 2021, Maruti Suzuki recorded an increase of 48.11% in the sales of gas-based vehicles in 2021 as compared to 2019. The total number of units sold were 157,000 units in 2021 and 106,444 units in 2020.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive natural gas vehicle market analysis from 2021 to 2031 to identify the prevailing automotive natural gas vehicle market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the automotive natural gas vehicle market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global automotive natural gas vehicle market trends, key players, market segments, application areas, and market growth strategies.

Automotive Natural Gas Vehicle Market Report Highlights

Aspects Details
Market Size By 2031 USD 20.4 billion
Growth Rate CAGR of 6.4%
Forecast period 2021 - 2031
Report Pages 226
By Fuel Type
  • CNG
  • LNG
By Vehicle Type
  • Passenger cars
  • Commercial vehicles
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Netherlands, Rest Of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest Of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Tata Motors, Ford Motor Company, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., CNH Industrial, Mercedes-Benz Group AG, Volkswagen AG, AB Volvo, Toyota Motor Corporation, BMW Group, Navistar, Inc., Cummins, Inc.
 
  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 3.4.Top player positioning

    • 3.5.Market dynamics

      • 3.5.1.Drivers

      • 3.5.2.Restraints

      • 3.5.3.Opportunities

    • 3.6.COVID-19 Impact Analysis on the market

  • CHAPTER 4: AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE

    • 4.1 Overview

      • 4.1.1 Market size and forecast

    • 4.2 CNG

      • 4.2.1 Key market trends, growth factors and opportunities

      • 4.2.2 Market size and forecast, by region

      • 4.2.3 Market analysis by country

    • 4.3 LNG

      • 4.3.1 Key market trends, growth factors and opportunities

      • 4.3.2 Market size and forecast, by region

      • 4.3.3 Market analysis by country

  • CHAPTER 5: AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE

    • 5.1 Overview

      • 5.1.1 Market size and forecast

    • 5.2 Passenger cars

      • 5.2.1 Key market trends, growth factors and opportunities

      • 5.2.2 Market size and forecast, by region

      • 5.2.3 Market analysis by country

    • 5.3 Commercial vehicles

      • 5.3.1 Key market trends, growth factors and opportunities

      • 5.3.2 Market size and forecast, by region

      • 5.3.3 Market analysis by country

  • CHAPTER 6: AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY REGION

    • 6.1 Overview

      • 6.1.1 Market size and forecast

    • 6.2 North America

      • 6.2.1 Key trends and opportunities

      • 6.2.2 North America Market size and forecast, by Fuel Type

      • 6.2.3 North America Market size and forecast, by by Vehicle Type

      • 6.2.4 North America Market size and forecast, by country

        • 6.2.4.1 U.S.
          • 6.2.4.1.1 Market size and forecast, by Fuel Type
          • 6.2.4.1.2 Market size and forecast, by by Vehicle Type
        • 6.2.4.2 Canada
          • 6.2.4.2.1 Market size and forecast, by Fuel Type
          • 6.2.4.2.2 Market size and forecast, by by Vehicle Type
        • 6.2.4.3 Mexico
          • 6.2.4.3.1 Market size and forecast, by Fuel Type
          • 6.2.4.3.2 Market size and forecast, by by Vehicle Type
    • 6.3 Europe

      • 6.3.1 Key trends and opportunities

      • 6.3.2 Europe Market size and forecast, by Fuel Type

      • 6.3.3 Europe Market size and forecast, by by Vehicle Type

      • 6.3.4 Europe Market size and forecast, by country

        • 6.3.4.1 UK
          • 6.3.4.1.1 Market size and forecast, by Fuel Type
          • 6.3.4.1.2 Market size and forecast, by by Vehicle Type
        • 6.3.4.2 Germany
          • 6.3.4.2.1 Market size and forecast, by Fuel Type
          • 6.3.4.2.2 Market size and forecast, by by Vehicle Type
        • 6.3.4.3 France
          • 6.3.4.3.1 Market size and forecast, by Fuel Type
          • 6.3.4.3.2 Market size and forecast, by by Vehicle Type
        • 6.3.4.4 Netherlands
          • 6.3.4.4.1 Market size and forecast, by Fuel Type
          • 6.3.4.4.2 Market size and forecast, by by Vehicle Type
        • 6.3.4.5 Rest of Europe
          • 6.3.4.5.1 Market size and forecast, by Fuel Type
          • 6.3.4.5.2 Market size and forecast, by by Vehicle Type
    • 6.4 Asia-Pacific

      • 6.4.1 Key trends and opportunities

      • 6.4.2 Asia-Pacific Market size and forecast, by Fuel Type

      • 6.4.3 Asia-Pacific Market size and forecast, by by Vehicle Type

      • 6.4.4 Asia-Pacific Market size and forecast, by country

        • 6.4.4.1 China
          • 6.4.4.1.1 Market size and forecast, by Fuel Type
          • 6.4.4.1.2 Market size and forecast, by by Vehicle Type
        • 6.4.4.2 Japan
          • 6.4.4.2.1 Market size and forecast, by Fuel Type
          • 6.4.4.2.2 Market size and forecast, by by Vehicle Type
        • 6.4.4.3 India
          • 6.4.4.3.1 Market size and forecast, by Fuel Type
          • 6.4.4.3.2 Market size and forecast, by by Vehicle Type
        • 6.4.4.4 South Korea
          • 6.4.4.4.1 Market size and forecast, by Fuel Type
          • 6.4.4.4.2 Market size and forecast, by by Vehicle Type
        • 6.4.4.5 Rest of Asia-Pacific
          • 6.4.4.5.1 Market size and forecast, by Fuel Type
          • 6.4.4.5.2 Market size and forecast, by by Vehicle Type
    • 6.5 LAMEA

      • 6.5.1 Key trends and opportunities

      • 6.5.2 LAMEA Market size and forecast, by Fuel Type

      • 6.5.3 LAMEA Market size and forecast, by by Vehicle Type

      • 6.5.4 LAMEA Market size and forecast, by country

        • 6.5.4.1 Latin America
          • 6.5.4.1.1 Market size and forecast, by Fuel Type
          • 6.5.4.1.2 Market size and forecast, by by Vehicle Type
        • 6.5.4.2 Middle East
          • 6.5.4.2.1 Market size and forecast, by Fuel Type
          • 6.5.4.2.2 Market size and forecast, by by Vehicle Type
        • 6.5.4.3 Africa
          • 6.5.4.3.1 Market size and forecast, by Fuel Type
          • 6.5.4.3.2 Market size and forecast, by by Vehicle Type
  • CHAPTER 7: COMPANY LANDSCAPE

    • 7.1. Introduction

    • 7.2. Top winning strategies

    • 7.3. Product Mapping of Top 10 Player

    • 7.4. Competitive Dashboard

    • 7.5. Competitive Heatmap

    • 7.6. Key developments

  • CHAPTER 8: COMPANY PROFILES

    • 8.1 BMW Group

      • 8.1.1 Company overview

      • 8.1.2 Company snapshot

      • 8.1.3 Operating business segments

      • 8.1.4 Product portfolio

      • 8.1.5 Business performance

      • 8.1.6 Key strategic moves and developments

    • 8.2 Ford Motor Company

      • 8.2.1 Company overview

      • 8.2.2 Company snapshot

      • 8.2.3 Operating business segments

      • 8.2.4 Product portfolio

      • 8.2.5 Business performance

      • 8.2.6 Key strategic moves and developments

    • 8.3 Honda Motor Co., Ltd.

      • 8.3.1 Company overview

      • 8.3.2 Company snapshot

      • 8.3.3 Operating business segments

      • 8.3.4 Product portfolio

      • 8.3.5 Business performance

      • 8.3.6 Key strategic moves and developments

    • 8.4 Mercedes-Benz Group AG

      • 8.4.1 Company overview

      • 8.4.2 Company snapshot

      • 8.4.3 Operating business segments

      • 8.4.4 Product portfolio

      • 8.4.5 Business performance

      • 8.4.6 Key strategic moves and developments

    • 8.5 Nissan Motor Co., Ltd.

      • 8.5.1 Company overview

      • 8.5.2 Company snapshot

      • 8.5.3 Operating business segments

      • 8.5.4 Product portfolio

      • 8.5.5 Business performance

      • 8.5.6 Key strategic moves and developments

    • 8.6 Toyota Motor Corporation

      • 8.6.1 Company overview

      • 8.6.2 Company snapshot

      • 8.6.3 Operating business segments

      • 8.6.4 Product portfolio

      • 8.6.5 Business performance

      • 8.6.6 Key strategic moves and developments

    • 8.7 Volkswagen AG

      • 8.7.1 Company overview

      • 8.7.2 Company snapshot

      • 8.7.3 Operating business segments

      • 8.7.4 Product portfolio

      • 8.7.5 Business performance

      • 8.7.6 Key strategic moves and developments

    • 8.8 AB Volvo

      • 8.8.1 Company overview

      • 8.8.2 Company snapshot

      • 8.8.3 Operating business segments

      • 8.8.4 Product portfolio

      • 8.8.5 Business performance

      • 8.8.6 Key strategic moves and developments

    • 8.9 Tata Motors

      • 8.9.1 Company overview

      • 8.9.2 Company snapshot

      • 8.9.3 Operating business segments

      • 8.9.4 Product portfolio

      • 8.9.5 Business performance

      • 8.9.6 Key strategic moves and developments

    • 8.10 Navistar, Inc.

      • 8.10.1 Company overview

      • 8.10.2 Company snapshot

      • 8.10.3 Operating business segments

      • 8.10.4 Product portfolio

      • 8.10.5 Business performance

      • 8.10.6 Key strategic moves and developments

    • 8.11 Cummins, Inc.

      • 8.11.1 Company overview

      • 8.11.2 Company snapshot

      • 8.11.3 Operating business segments

      • 8.11.4 Product portfolio

      • 8.11.5 Business performance

      • 8.11.6 Key strategic moves and developments

    • 8.12 CNH Industrial

      • 8.12.1 Company overview

      • 8.12.2 Company snapshot

      • 8.12.3 Operating business segments

      • 8.12.4 Product portfolio

      • 8.12.5 Business performance

      • 8.12.6 Key strategic moves and developments

  • LIST OF TABLES

  • TABLE 1. GLOBAL AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 2. AUTOMOTIVE NATURAL GAS VEHICLE MARKET, FOR CNG, BY REGION, 2021-2031 ($MILLION)
    TABLE 3. AUTOMOTIVE NATURAL GAS VEHICLE MARKET FOR CNG, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 4. AUTOMOTIVE NATURAL GAS VEHICLE MARKET, FOR LNG, BY REGION, 2021-2031 ($MILLION)
    TABLE 5. AUTOMOTIVE NATURAL GAS VEHICLE MARKET FOR LNG, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 6. GLOBAL AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 7. AUTOMOTIVE NATURAL GAS VEHICLE MARKET, FOR PASSENGER CARS, BY REGION, 2021-2031 ($MILLION)
    TABLE 8. AUTOMOTIVE NATURAL GAS VEHICLE MARKET FOR PASSENGER CARS, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 9. AUTOMOTIVE NATURAL GAS VEHICLE MARKET, FOR COMMERCIAL VEHICLES, BY REGION, 2021-2031 ($MILLION)
    TABLE 10. AUTOMOTIVE NATURAL GAS VEHICLE MARKET FOR COMMERCIAL VEHICLES, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 11. AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY REGION, 2021-2031 ($MILLION)
    TABLE 12. NORTH AMERICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 13. NORTH AMERICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 14. NORTH AMERICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 15. U.S. AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 16. U.S. AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 17. CANADA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 18. CANADA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 19. MEXICO AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 20. MEXICO AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 21. EUROPE AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 22. EUROPE AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 23. EUROPE AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 24. UK AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 25. UK AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 26. GERMANY AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 27. GERMANY AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 28. FRANCE AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 29. FRANCE AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 30. NETHERLANDS AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 31. NETHERLANDS AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 32. REST OF EUROPE AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 33. REST OF EUROPE AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 34. ASIA-PACIFIC AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 35. ASIA-PACIFIC AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 36. ASIA-PACIFIC AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 37. CHINA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 38. CHINA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 39. JAPAN AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 40. JAPAN AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 41. INDIA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 42. INDIA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 43. SOUTH KOREA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 44. SOUTH KOREA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 45. REST OF ASIA-PACIFIC AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 46. REST OF ASIA-PACIFIC AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 47. LAMEA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 48. LAMEA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 49. LAMEA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 50. LATIN AMERICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 51. LATIN AMERICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 52. MIDDLE EAST AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 53. MIDDLE EAST AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 54. AFRICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
    TABLE 55. AFRICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET, BY BY VEHICLE TYPE, 2021-2031 ($MILLION)
    TABLE 56.BMW GROUP: COMPANY SNAPSHOT
    TABLE 57.BMW GROUP: OPERATING SEGMENTS
    TABLE 58.BMW GROUP: PRODUCT PORTFOLIO
    TABLE 59.BMW GROUP: NET SALES,
    TABLE 60.BMW GROUP: KEY STRATERGIES
    TABLE 61.FORD MOTOR COMPANY: COMPANY SNAPSHOT
    TABLE 62.FORD MOTOR COMPANY: OPERATING SEGMENTS
    TABLE 63.FORD MOTOR COMPANY: PRODUCT PORTFOLIO
    TABLE 64.FORD MOTOR COMPANY: NET SALES,
    TABLE 65.FORD MOTOR COMPANY: KEY STRATERGIES
    TABLE 66.HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT
    TABLE 67.HONDA MOTOR CO., LTD.: OPERATING SEGMENTS
    TABLE 68.HONDA MOTOR CO., LTD.: PRODUCT PORTFOLIO
    TABLE 69.HONDA MOTOR CO., LTD.: NET SALES,
    TABLE 70.HONDA MOTOR CO., LTD.: KEY STRATERGIES
    TABLE 71.MERCEDES-BENZ GROUP AG: COMPANY SNAPSHOT
    TABLE 72.MERCEDES-BENZ GROUP AG: OPERATING SEGMENTS
    TABLE 73.MERCEDES-BENZ GROUP AG: PRODUCT PORTFOLIO
    TABLE 74.MERCEDES-BENZ GROUP AG: NET SALES,
    TABLE 75.MERCEDES-BENZ GROUP AG: KEY STRATERGIES
    TABLE 76.NISSAN MOTOR CO., LTD.: COMPANY SNAPSHOT
    TABLE 77.NISSAN MOTOR CO., LTD.: OPERATING SEGMENTS
    TABLE 78.NISSAN MOTOR CO., LTD.: PRODUCT PORTFOLIO
    TABLE 79.NISSAN MOTOR CO., LTD.: NET SALES,
    TABLE 80.NISSAN MOTOR CO., LTD.: KEY STRATERGIES
    TABLE 81.TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
    TABLE 82.TOYOTA MOTOR CORPORATION: OPERATING SEGMENTS
    TABLE 83.TOYOTA MOTOR CORPORATION: PRODUCT PORTFOLIO
    TABLE 84.TOYOTA MOTOR CORPORATION: NET SALES,
    TABLE 85.TOYOTA MOTOR CORPORATION: KEY STRATERGIES
    TABLE 86.VOLKSWAGEN AG: COMPANY SNAPSHOT
    TABLE 87.VOLKSWAGEN AG: OPERATING SEGMENTS
    TABLE 88.VOLKSWAGEN AG: PRODUCT PORTFOLIO
    TABLE 89.VOLKSWAGEN AG: NET SALES,
    TABLE 90.VOLKSWAGEN AG: KEY STRATERGIES
    TABLE 91.AB VOLVO: COMPANY SNAPSHOT
    TABLE 92.AB VOLVO: OPERATING SEGMENTS
    TABLE 93.AB VOLVO: PRODUCT PORTFOLIO
    TABLE 94.AB VOLVO: NET SALES,
    TABLE 95.AB VOLVO: KEY STRATERGIES
    TABLE 96.TATA MOTORS: COMPANY SNAPSHOT
    TABLE 97.TATA MOTORS: OPERATING SEGMENTS
    TABLE 98.TATA MOTORS: PRODUCT PORTFOLIO
    TABLE 99.TATA MOTORS: NET SALES,
    TABLE 100.TATA MOTORS: KEY STRATERGIES
    TABLE 101.NAVISTAR, INC.: COMPANY SNAPSHOT
    TABLE 102.NAVISTAR, INC.: OPERATING SEGMENTS
    TABLE 103.NAVISTAR, INC.: PRODUCT PORTFOLIO
    TABLE 104.NAVISTAR, INC.: NET SALES,
    TABLE 105.NAVISTAR, INC.: KEY STRATERGIES
    TABLE 106.CUMMINS, INC.: COMPANY SNAPSHOT
    TABLE 107.CUMMINS, INC.: OPERATING SEGMENTS
    TABLE 108.CUMMINS, INC.: PRODUCT PORTFOLIO
    TABLE 109.CUMMINS, INC.: NET SALES,
    TABLE 110.CUMMINS, INC.: KEY STRATERGIES
    TABLE 111.CNH INDUSTRIAL: COMPANY SNAPSHOT
    TABLE 112.CNH INDUSTRIAL: OPERATING SEGMENTS
    TABLE 113.CNH INDUSTRIAL: PRODUCT PORTFOLIO
    TABLE 114.CNH INDUSTRIAL: NET SALES,
    TABLE 115.CNH INDUSTRIAL: KEY STRATERGIES
  • LIST OF FIGURES

  • FIGURE 1.AUTOMOTIVE NATURAL GAS VEHICLE MARKET SEGMENTATION
    FIGURE 2.AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031
    FIGURE 3.AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031
    FIGURE 4. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 5.PORTER FIVE-1
    FIGURE 6.PORTER FIVE-2
    FIGURE 7.PORTER FIVE-3
    FIGURE 8.PORTER FIVE-4
    FIGURE 9.PORTER FIVE-5
    FIGURE 10.TOP PLAYER POSITIONING
    FIGURE 11.AUTOMOTIVE NATURAL GAS VEHICLE MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 12.AUTOMOTIVE NATURAL GAS VEHICLE MARKET,BY FUEL TYPE,2021(%)
    FIGURE 13.COMPARATIVE SHARE ANALYSIS OF CNG AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031(%)
    FIGURE 14.COMPARATIVE SHARE ANALYSIS OF LNG AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031(%)
    FIGURE 15.AUTOMOTIVE NATURAL GAS VEHICLE MARKET,BY BY VEHICLE TYPE,2021(%)
    FIGURE 16.COMPARATIVE SHARE ANALYSIS OF PASSENGER CARS AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031(%)
    FIGURE 17.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL VEHICLES AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031(%)
    FIGURE 18.AUTOMOTIVE NATURAL GAS VEHICLE MARKET BY REGION,2021
    FIGURE 19.U.S. AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 20.CANADA AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 21.MEXICO AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 22.UK AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 23.GERMANY AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 24.FRANCE AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 25.NETHERLANDS AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 26.REST OF EUROPE AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 27.CHINA AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 28.JAPAN AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 29.INDIA AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 30.SOUTH KOREA AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 31.REST OF ASIA-PACIFIC AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 32.LATIN AMERICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 33.MIDDLE EAST AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 34.AFRICA AUTOMOTIVE NATURAL GAS VEHICLE MARKET,2021-2031($MILLION)
    FIGURE 35. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 36. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 37. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 38.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 39.COMPETITIVE DASHBOARD
    FIGURE 40.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 41.BMW GROUP.: NET SALES ,($MILLION)
    FIGURE 42.FORD MOTOR COMPANY.: NET SALES ,($MILLION)
    FIGURE 43.HONDA MOTOR CO., LTD..: NET SALES ,($MILLION)
    FIGURE 44.MERCEDES-BENZ GROUP AG.: NET SALES ,($MILLION)
    FIGURE 45.NISSAN MOTOR CO., LTD..: NET SALES ,($MILLION)
    FIGURE 46.TOYOTA MOTOR CORPORATION.: NET SALES ,($MILLION)
    FIGURE 47.VOLKSWAGEN AG.: NET SALES ,($MILLION)
    FIGURE 48.AB VOLVO.: NET SALES ,($MILLION)
    FIGURE 49.TATA MOTORS.: NET SALES ,($MILLION)
    FIGURE 50.NAVISTAR, INC..: NET SALES ,($MILLION)
    FIGURE 51.CUMMINS, INC..: NET SALES ,($MILLION)
    FIGURE 52.CNH INDUSTRIAL.: NET SALES ,($MILLION)

 
 

The global automotive natural gas vehicle market is expected to witness significant growth, owing to increase in fuel costs, government initiatives to develop & expand natural gas distribution infrastructure, and rise in environmental awareness.

The demand for automobiles in emerging countries is expected to expand dramatically in the future years as a result of urbanization and increased industrial activity. Manufacturers are increasingly building production plants in emerging countries due to rise in demand for automobiles in the region. Developing nations have observed an increase in the production of automobiles owing to factors such as favorable government policies, increasing GDP, and rising consumer spending.

Emerging companies and market leaders in many industries throughout emerging nations, such as e-commerce, the food industry, and others, have boosted demand for delivery and transportation solutions, therefore boosting the production of heavy commercial vehicles. Further, with the increase in demand for vehicles, the demand for natural gas such as CNG & LNG based vehicles is increasing as it is an environment-friendly and cost-effective alternative to petrol and diesel. As a result, governments across various countries in the region promoting their use over traditional fuels. Owing to this, the natural gas vehicles have gained popularity, which in turn is expected to fuel the demand for natural gas during the forecast period.

Key players that operate in this market AB Volvo, BMW AG, CNH Industrial N.V., Ford Motor Company, Honda Motor Co., Ltd., Mercedes-Benz Group AG, Mitsubishi Motors Corporation, Navistar International Corporation, Nissan Motor Co., Ltd., Tata Motors, Toyota Motor Corporation, and Volkswagen AG.

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FREQUENTLY ASKED QUESTIONS?

A. The global automotive natural gas vehicle market was valued at $11.1 billion in 2021 and is projected to reach $20.4 billion in 2031, registering a CAGR of 6.4%.

A. The leading players include AB Volvo, BMW AG, CNH Industrial N.V., Ford Motor Company, Honda Motor Co., Ltd., Mercedes-Benz Group AG, Mitsubishi Motors Corporation, Navistar International Corporation, Nissan Motor Co., Ltd, Tata Motors, Toyota Motor Corporation, and Volkswagen AG.

A. The upcoming trends include expansion of natural gas distribution infrastructure and greater adoption of LNG vehicles.

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