Global CNG and LPG Vehicle Markets, 2021-2030

DublinAnd January 17 2022 LNG & LNG Vehicles Market Research Report: By Fuel Type (CNG, LPG), Vehicle Type (Passenger Car, Light & Heavy Truck, Bus) – Global Industry Analysis & Growth Forecast to 2030 Report added ResearchAndMarkets.com Show.

On a gasoline equivalent basis, the cost per gallon of compressed natural gas (CNG) in Europe ranges from $1.50 to $2.80. Compared to diesel and petrol (petrol), this results in fuel cost savings of up to 75%.

This is the main factor that is likely to drive the global CNG and LPG vehicle market sales volume from 56.2 million units in 2019 to 102.3 million units by 2030, at a compound annual growth rate of 5.9% between 2020 and 2030.

Similarly, the cost per gallon of liquefied petroleum gas (LPG) on a gasoline equivalent basis is $2.00. This results in approximately 50% cost savings per gallon of fuel. In addition, the market for CNG and LPG vehicles is driven by lower greenhouse gas emissions from CNG compared to gasoline and diesel. Likewise, the installation of an LPG filling station is cheap, and the LPG tanks are small, leaving more space for passengers and cargo inside the vehicle.

The COVID-19 pandemic has nearly halted the CNG and LPG auto market growth in its tracks, as plant shutdowns slashed their production. Moreover, with restrictions on unnecessary movement, the demand for transportation services has fallen significantly, which is why transportation service companies do not currently buy cars. Even individuals do not buy cars due to the widespread financial hardship due to salary cuts and unemployment.

CNG manifolds are expected to hold the largest share in the CNG and LPG vehicle market in the coming years, based on the fuel type. Due to environmental concerns, the demand for CNG compounds is increasing all over the world, especially in emerging economies Asia Pacific (your father).

In the coming years, the faster bus category will grow in the CNG and LPG vehicle market, based on vehicle type. With efforts to reduce the rate of environmental degradation, many countries around the world are incorporating CNG buses into their public transportation fleets. For example, since then December 2002, Delhi Transport Corporation (DTC) is operating its entire CNG bus fleet, with additional 1,000 orders in the January 2021.

APAC is the largest market for CNG and LPG vehicles at present due to the growing auto industry in JapanAnd ChinaAnd India, And South Korea. the Latin americaAnd Middle east, And Africa The LAMEA region will see the fastest increase in sales of CNG and LPG vehicles in the near future, as its economic growth BrazilAnd MexicoAnd other developing countries here are letting people spend more on cars.

The major players in the global CNG and LPG vehicle market are General Motors Corporation, Ford Motor Company, Toyota Motor Corporation, Fiat Chrysler Automobiles NV, Tata Motors Ltd., Honda Motors Ltd., Daimler AG, AB Volvo, Volkswagen AG, and Inc. Suzuki Motors.

Main topics covered:

Chapter 1. Background Research

Chapter 2. Research Methodology

Chapter 3. Executive Summary
3.1 Competitive LPG / Autogas against CNG

Chapter 4. Introduction
4.1 Defining market segments
4.1.1 By type of fuel
4.1.1.1 CNG
4.1.1.2 LPG
4.2 Value Chain Analysis
4.3 Competitive positioning of the global CNG and LPG vehicles market
4.4 Market dynamics
4.4.1 Directions
4.4.1.1 The growing trend towards adopting clean energy
4.4.2 Drivers
4.4.2.1 Low operating cost
4.4.2.2 Rising E-Commerce Industry
4.4.2.3 Analysis of the Impact of Drivers on Market Outlook
4.4.3 Limitations
4.4.3.1 High Demand for Electric Vehicles
4.4.3.2 High initial cost associated with CNG and LPG vehicles
4.4.3.3 Analysis of the Impact of Constraints on Market Expectations
4.4.4 Opportunities
4.4.4.1 The growing popularity of natural gas buses from emerging economies
4.5 Porter’s Five Forces Analysis

Chapter 5. Global Market Size and Forecast
5.1 Depending on the type of fuel
5.2 Depending on the vehicle type
5.3 by region

Chapter 6. North America Market Size and Forecast
6.1 By type of fuel
6.2 Depending on the vehicle type
6.3 by country

Chapter 7. European Market Size and Forecast
7.1 By type of fuel
7.2 Depending on the vehicle type
7.3 by country

Chapter 8. Asia Pacific Market Size and Forecast
8.1 Depending on the type of fuel
8.2 Depending on the vehicle type
8.3 by country

Chapter 9. LAMEA Market Size and Forecast
9.1 Depending on the type of fuel
9.2 Depending on the vehicle type
9.3 by country

Chapter 10. Main Market Segments
10.1 Global CNG Vehicle Market
10.1.1 IndiaAccording to the type of car
10.1.2 ChinaAccording to the type of car
10.1.3 BrazilAccording to the type of car
10.1.4 IranAccording to the type of car
10.1.5 ArgentinaAccording to the type of car
10.2 Global LPG Vehicle Market
10.2.1 TurkeyAccording to the type of car
10.2.2 RussiaAccording to the type of car
10.2.3 PolandAccording to the type of car
10.2.4 ItaliaAccording to the type of car
10.2.5 IndiaAccording to the type of car

Chapter 11. The Competitive Scene
11.1 Competitive Landscape: Global CNG and LPG Vehicles Market
11.2 Strategic developments of key players
11.2.1 Product launch
11.2.2 Partnerships, Mergers and Acquisitions
11.2.3 Customer win
11.2.4 Other developments

Chapter 12. Company Profiles
12.1 Ford Motor Company
12.2 General Motors Corporation.
12.3 Fiat Chrysler NV Cars
12.4 Toyota Motor Corporation
12.5 Honda Motors Co., Ltd.
12.6 Tata Motors Limited
12.7 AB Volvo
12.8 Daimler AG
12.9 Suzuki Motors Corporation.
12.10 Volkswagen AG

Chapter 13. Company Profiles – Aftermarket / Equipment Manufacturers
13.1 Andy Renzo Spa
13.2 Tartarini Auto SRL
13.3 Tomasetto Achille SpA
13.4 Westport Fuel Systems, Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/aiyytw

Media contact:

Research and Markets
Laura Wood, director, mentor
[email protected]

For EST office hours, call +1-917-300-0470
For the US/Canada, call toll free +1-800-526-8630
For GMT office hours, call +353-1-416-8900

US Fax: 607-646-1904
Fax (outside the US): +353-1-481-1716

SOURCE Research & Markets

.

Leave a Comment