Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023 Provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market 2018-2023
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.
Scope of the Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Report
This report focuses on the Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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The worldwide market for Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles is expected to grow at a CAGR of roughly 9.7% over the next five years, will reach 6530 million US$ in 2023, from 3740 million US$ in 2017, according to a new GIR (Global Info Research) study.
In the next five years, the Global consumption of CNG and LPG Vehicles will maintain about 10.85% annual growth rate.
The global average price of CNG and LPG vehicles is in the decreasing trend, from14.4 K USD/Unit in 2013 to 12.8 K USD/Unit g in 2018. With the situation of global economy and more company enter this industry; prices will be decreasing trend in the following five years.
MENA is a large consumption place, with a consumption market share nearly 27.85%. Following south Asia, China is another important consumption place with the consumption market share of 15.03% in 2017.
In 2017, there are two key reasons causing the huge decline of CNG Vehicles’ sales in China. One is China has introduced a new policy to limit motor vehicle "oil to gas", another is the decline in gasoline price.
Market competition is intense. Fiat Chrysler, Volkswagen, Ford, General Motors, etc. are the leaders of the industry, and they hold high-end customers, and their products are famous in the world.
Industry concentration is deepening. China domestic CNG vehicles enterprises are increasing investment and absorbing foreign advanced technologies so that large companies will gain more market share.
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This report covers Analysis of Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Segment by Manufacturers
Fiat Chrysler
Volkswagen
Ford
General Motors
Toyota
Iran Khodro
Nissan
Volvo Group
Hyundai
Honda
Suzuki
Mercedes-Benz
Renault
PSA
Great Wall Motors
Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Segment by regional analysis covers
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Segment by Type
Passenger Vehicle
Commercial Vehicle
Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Segment by Applications, can be divided into
Home Use
Commercial Use
Some of the Points cover in Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market Research Report is:
Chapter 1: Describe Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Industry
- Introduction,
- Product Scope,
- Market Overview,
- Market Opportunities,
- Market Risk,
- Market Driving Force
Chapter 2: To analyze the top manufacturers of Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Industry in 2016 and 2017
- Sales
- Revenue and price
Chapter 3: Competitive analysis among the top manufacturers in 2016 and 2017
- Sales
- Revenue and market share
Chapter 4: Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market by regions from 2013 to 2018
- Sales
- Revenue and market share
Chapter 5, 6, 7 and 8: Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market by key countries in these regions
- Sales
- Revenue and market share
Chapter 9 and 10: Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market by type and application from 2013 to 2018
- Sales
- Revenue and market share
- Growth rate
Chapter 11:Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Industry Market forecast from 2018 to 2023
- Regions
- Type and application with sales and revenue
Chapter 12 and 13:Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Industry
- Sales channel
- Distributors
- Traders and dealers
- Appendix
- Data source
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The global compressed natural gas (CNG) market size is expected to reach USD 269.7 billion By 2027 according to a new study by Polaris Market Research.
There are several properties of Compressed Natural Gas (CNG) that makes it a better alternative for IC engines.
It diffuses quickly in air, its higher ignition temperature leads to reduced delay in auto ignition, has comparatively high-octane number, maintenance cost is comparatively lower and the most important is the lower emission of carbon dioxide compared to other fossil fuels.
These advantages have been crucial in driving the overall compressed natural gas market over the past five to six years.
The increasing focus on production of Compressed Natural Gas (CNG) compared to crude oil and recent discoveries of shale reserves are some of the aspects that have resulted in greater availability scenarios for compressed natural gas as transportation fuel along with other fuels.
Supply of CNG is becoming more and more diverse across the globe along with becoming increasingly flexible.
