Global Light and Heavy duty Natural Gas Vehicle Market 2017-2021

  • ID: 4032400
  • Report
  • Region: Global
  • 78 pages
  • TechNavio
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FEATURED COMPANIES

  • Beiqi Foton Motor
  • Cummins Westport
  • Fiat Chrysler Automobiles
  • General Motors
  • ISUZU MOTORS
  • MAN Truck & Bus
  • MORE
About Light and Heavy Duty Natural Gas Vehicle

Natural gas vehicles (NGV) are alternative fuel vehicles that use natural gas in place of diesel or gasoline as fuel for combustion. Natural gas is used in two forms in automobiles: compressed natural gas (CNG) and liquefied natural gas (LNG). LNG is stored as a supercooled liquid and is used for combustion. A temperature range between -184 degrees Fahrenheit and -274 degrees Fahrenheit is maintained for the storage of LNG. The advantage of using LNG is that it has a high calorific value that is comparable to that of gasoline. However, it needs high investment in infrastructure to maintain the temperature of the cryogenic liquid. CNG is stored in a gaseous form and an odorant is added to it to detect leakage. Normally, it is stored in high-pressure tanks with a pressure range of 20 to 25 MPa.

Analysts forecast the global light and heavy duty natural gas vehicle market to grow at a CAGR of 5.65% during the period 2017-2021.

Covered in this Report:

The report covers the present scenario and the growth prospects of the global light and heavy duty natural gas vehicle market for 2017-2021. To calculate the market size, the report presents a comprehensive, reliable, and the result of extensive research, both primary and secondary.

The Market is Divided Into the Following Segments Based on Geography:

Americas
APAC
EMEA

Global Light And Heavy Duty Natural Gas Vehicle Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a a discussion of the key vendors operating in this market.

Key Vendors:

CNH Industrial
Daimler Trucks
General Motors
MAN Truck & Bus
Volvo Trucks

Other Prominent Vendors:

Beiqi Foton Motor
BRC Gas Equipment
Cummins Westport
Dongfeng Motor
Fiat Chrysler Automobiles
Ford Motor
GAZ
Honda
IMPCO Technologies
ISUZU MOTORS
KAMAZ
Landi Renzo
Navistar
Renault
Volkswagen

Market Drivers:

Promotional measures by local governments to boost NGV market.
For a full, detailed list, view the full report

Market Challenges:

Reducing crude oil prices to hinder adoption of NGV.
For a full, detailed list, view the full report

Market Trends:

Next generation fuel injectors and adsorbent natural gas tank to increase range of NGV.
For a full, detailed list, view the full report

Key Questions Answered in this Report:
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Beiqi Foton Motor
  • Cummins Westport
  • Fiat Chrysler Automobiles
  • General Motors
  • ISUZU MOTORS
  • MAN Truck & Bus
  • MORE
Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction
Key market highlights
Infrastructure for CNG filling
Product life cycle

Part 05: Market landscape
Market overview
Market size and forecast
Five forces analysis

Part 06: Market segmentation by application
Global light- and heavy-duty NGV market by application
Global light-duty NGV market
Global heavy-duty NGV market

Part 07: Market segmentation by geography
Global light- and heavy-duty NGV market by geography
Light- and heavy-duty NGV market in APAC
Light- and heavy-duty NGV market in EMEA
Light- and heavy-duty NGV market in the Americas

Part 08: Market drivers
Stricter emission standards
Lower price of natural gas than other fuels
Higher fuel efficiency of NGV
Promotional measures by local governments to boost NGV market

Part 09: Market challenges
Higher differential cost of NGV for heavy-duty vehicles
Low number of natural gas fueling stations
Reducing crude oil prices to hinder adoption of NGV
Shifting focus of OEMs toward electric vehicles

Part 10: Market trends
Development of near-zero emission NGV
Next generation fuel injectors and adsorbent natural gas tank to increase range of NGV
Introduction of multi-fuel engines

Part 11: Vendor landscape
Competitive benchmarking
Other prominent vendors

Part 12: Key vendor analysis
CNH Industrial
Daimler Trucks
General Motors
MAN Truck & Bus
Volvo Trucks

Part 13: Appendix
List of abbreviations

Part 14: Extras

List of Exhibits
Exhibit 01: Stakeholders in NGV industry
Exhibit 02: Natural gas supply chain
Exhibit 03: Fast-fill station
Exhibit 04: Slow-fill station
Exhibit 05: Product life cycle: Alternative fuel engines
Exhibit 06: Segmentation of global light- and heavy-duty NGV market
Exhibit 07: Energy consumption in the US energy sector
Exhibit 08: Energy consumption in the US transportation sector
Exhibit 09: Natural gas promotion framework
Exhibit 10: Global light- and heavy-duty NGV market 2016-2021 (millions of units)
Exhibit 11: Five forces analysis
Exhibit 12: Global light- and heavy-duty NGV market by application 2016
Exhibit 13: Global light- and heavy-duty NGV market by application 2021
Exhibit 14: Global light-duty NGV market 2016-2021 (millions of units)
Exhibit 15: Global LCV unit shipment 2016-2021 (millions of units)
Exhibit 16: Global heavy-duty NGV market 2016-2021 (millions of units)
Exhibit 17: Global HCV unit shipment 2016-2021 (millions of units)
Exhibit 18: Global light- and heavy-duty NGV market by geography 2016
Exhibit 19: Global light- and heavy-duty NGV market by geography 2021
Exhibit 20: Light- and heavy-duty NGV market in APAC 2016-2021 (millions of units)
Exhibit 21: Key countries for NGV and fueling network
Exhibit 22: Light- and heavy-duty NGV market in EMEA 2016-2021 (millions of units)
Exhibit 23: Euro 6 norms for light and heavy duty vehicles (g/km)
Exhibit 24: Key countries for NGV and fueling network
Exhibit 25: Light- and heavy-duty NGV market in the Americas 2016-2021 (millions of units)
Exhibit 26: Key countries for NGV and fueling network
Exhibit 27: EU emission standards and limits for light-duty vehicles
Exhibit 28: EU emission standards and limits for heavy-duty vehicles
Exhibit 29: Commercial price of natural gas in the US ($/100 gallons): 2008 - 2015
Exhibit 30: Commercial price of crude oil in the US ($/100 gallons): 2008 - 2015
Exhibit 31: Total cost of ownership of commercial vehicles: 2015
Exhibit 32: Gas stations and NGV fuel stations across different countries
Exhibit 33: Natural gas cylinder storage types
Exhibit 34: Crude oil prices 2008-2016 ($/barrel)
Exhibit 35: USD to Euro (2004-2016)
Exhibit 36: Global electric vehicle market 2015-2020 (millions of units)
Exhibit 37: Classification of vehicle in bins
Exhibit 38: Benchmarking of players in global light- and heavy-duty NGV market 2016
Exhibit 39: CNH Industrial: Business segmentation by revenue 2015
Exhibit 40: CNH Industrial: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 41: CNH Industrial: Geographical segmentation by revenue 2015
Exhibit 42: CNH Industrial: Light- and heavy-duty NGV portfolio
Exhibit 43: Daimler: Business segmentation by revenue 2015
Exhibit 44: Daimler: Geographical segmentation by revenue 2015
Exhibit 45: Daimler Trucks: Light- and heavy-duty NGV portfolio
Exhibit 46: General Motors: Business segmentation by revenue 2015
Exhibit 47: General Motors: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 48: General Motors: Geographical segmentation by revenue 2015
Exhibit 49: General Motors: Light- and heavy-duty NGV portfolio
Exhibit 50: MAN Truck & Bus: Business segmentation by revenue 2015
Exhibit 51: MAN Truck & Bus: Geographical segmentation by revenue 2015
Exhibit 52: MAN Truck & Bus: Light- and heavy-duty NGV portfolio
Exhibit 53: Volvo Trucks: Business segmentation by revenue 2015
Exhibit 54: Volvo Trucks: Geographical segmentation by revenue 2015
Exhibit 55: Volvo Trucks: Light- and heavy-duty NGV portfolio
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beiqi Foton Motor
  • Cummins Westport
  • Fiat Chrysler Automobiles
  • General Motors
  • ISUZU MOTORS
  • MAN Truck & Bus
  • MORE
PR
Global Light and Heavy Duty Natural Gas Vehicle Market 2017-2021

Key players in the global light and heavy duty natural gas vehicle market: CNH Industrial, Daimler Trucks, General Motors, MAN Truck & Bus, and Volvo Trucks.

Other Prominent Vendors in the market are: Beiqi Foton Motor, BRC Gas Equipment, Cummins Westport, Dongfeng Motor, Fiat Chrysler Automobiles, Ford Motor, GAZ, Honda, IMPCO Technologies, ISUZU MOTORS, KAMAZ, Landi Renzo, Navistar, Renault, and Volkswagen.

Commenting on the report, an analyst said: “One trend in market is development of near-zero emission NGV. Many NGV manufacturers have been focusing on developing near-zero emission natural gas-powered engines to increase the popularity of NGVs and to ensure compliance with the emission norms set by regulatory bodies. Cummins Westport, one of the leading manufacturers of alternate fuel engines, has already started the production of the near-zero variant (NZ), an 8.9-liter engine that will be commercially available in FY2017-FY2018. The company claims that the NZ variant of the engine will have emissions 90% lower than the regulations set by the US Environmental Protection Agency (EPA) and California Air Resources Board (CARB). The engine will have nitrox emissions as low as 0.02 grams/bhp/Km.”

According to the report, one driver in market is stricter emission standards. Many countries are working to implement strict emission norms in response to environmental and health concerns. Reducing automotive emissions and fuel consumption are the main objectives behind setting tougher emission norms. Such legislations will lead to the increased adoption of NGVs especially in the LCV and HCV segment as the emissions from diesel-powered light-duty and heavy-duty trucks are much more than that of natural gas-powered engines. Nitrogen oxide emissions are also higher in diesel engines, thus mandating the installation of urea filters to reduce nitrox emissions. The resultant increase in the prices of diesel engines will further boost NGV adoption rates.

Further, the report states that one challenge in market is higher differential cost of NGV for heavy-duty vehicles. The majority of the engines manufactured today are compatible with either gasoline or diesel. Alternative fuels like LPG, CNG, and LNG require the installation of a kit to make the engine compatible with the fuel type. Gasoline engines are the cheapest to manufacture. In the passenger vehicle segment, the sum of gasoline engine cost and the differential cost for the installation of kits for CNG and LNG fuel types are lower compared to the cost of diesel engines owing to lower engine displacement and size. However, the differential cost rises as the engine displacement increases. For heavy-duty vehicles, the cost of the kit may be more than that of the diesel engine itself.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • CNH Industrial
  • Daimler Trucks
  • General Motors
  • MAN Truck & Bus
  • Volvo Trucks
  • Beiqi Foton Motor
  • BRC Gas Equipment
  • Cummins Westport
  • Dongfeng Motor
  • Fiat Chrysler Automobiles
  • Ford Motor
  • GAZ
  • Honda
  • IMPCO Technologies
  • ISUZU MOTORS
  • KAMAZ
  • Landi Renzo
  • Navistar
  • Renault
  • Volkswagen
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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