According to the latest market study on “Natural Gas VehicleMarket Forecast to 2027 - COVID-19 Impactand Global Analysis - by Fuel Type (CNG and LNG), Application (On Road and Off Road), and Vehicle Type (Passenger Vehicles, Light and Commercial Vehicles, and Heavy Commercial Vehicles),” the market was valued at US$ 17,100 million in 2019 and is projected to reach US$ 28,805.75 million by 2027; it is expected to grow at a CAGR of 6.9% from 2020 to 2027.
Europe led the global natural gas vehicle market with 8.1% revenue share in 2019, followed by Asia-Pacific (APAC)and North America. EuropecomprisesGermany, Italy, Russia, the UK, France, and the Rest of Europe. Automotive is one of the major manufacturing industries in European countries as it considerably contributes to the countries’ gross domestic product. Also, several premium automotive manufacturers are based in the region. The vehicles and fuelling stations are constantly growing across Europe. LNG and CNG primarily consist of methane that is progressively generated from renewable sources in biomethane and synthetic natural gas. The rising production of commercial and passenger vehicles generates huge demand for natural gas vehicles. Moreover, growing investments in sustainable transport and increasing need for alternative fuel technology would accelerate the natural gas vehicle market growth across various European countries in the coming years.
In 2019, Asia-Pacific stood second in the natural gas vehicle market with a decent market share; it is anticipated to register a steady CAGR from 2020 to 2027.In the past five years, capital investment in technological development has grown by 6.3%in Europe, to reach US$ 7,313.09 million of capital investment in 2019.International Energy Agency stated that apart from South America, APAC is the leading region in the natural gas vehicle industry.The increasing disposable income of individuals and rising economy have bolstered the sales of passenger cars and commercial vehicles in the past few years. APAC has become a global manufacturing hub with the presence of a robust automotive and transportation industry. Government initiatives - such as Made in China 2025 and Make in India - propel the growth of this sector in APAC countries. Developing infrastructure, increasing domestic consumption, as well as low labor costs are the key factors attracting automotive and transportation companies in southeast Asian countries. Based on the pollutant emissions, natural gas vehicles perform exceptionally well than diesel vehicles - especially in heavy commercial vehicles. Optimizing air quality is expected to be a significant driver for natural gas in various APAC countries, such as India, Malaysia, Singapore, and Thailand. Expansion of gas markets, public transportation, and the economy in the region drives the growth of the market.
Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand. The market players present in the natural gas vehicle market are mainly focusing on gaining approval by integrating advanced features and technologies. By signing partnerships, contracts, joint ventures, and inaugurating new offices across the world, companies are increasing their market share and brand presence. Most of the market initiatives were observed in North America, and Europe, which have a high potential for future market growth. For instance, in 2019, Agility Fuel Solutions for medium - and heavy-duty commercial vehicles received 2019 California Air Resources Board (CARB) certifications for its natural gas fuel system for installation on General Motors 6.0L gasoline engines.
Impact of COVID-19 Pandemic on Natural Gas VehicleMarket
The COVID-19 outbreak is adversely affecting the world and is continuing to shatter several countries. Until the outbreak, the automotive and transportation industry was experiencing substantial growth in terms of production and services; however, the outbreak is tremendously disrupting the supply chain and production of automotive and transportation. The automotive manufacturing and transportation industry is heavily dependent on manual labor. Owing to the strong lockdown regulations imposed by the majority of the countries across the globe, the industry is experiencing a significantly lower number of labors in respective manufacturing facilities. This factor is hindering the automotive and transportation industry, thereby restraining the growth of the natural gas vehicle market.
The report segments the global natural gas vehicle market as follows:
By Fuel Type
By Application
By Vehicle Type
By Geography
Reasons to Buy:
Europe led the global natural gas vehicle market with 8.1% revenue share in 2019, followed by Asia-Pacific (APAC)and North America. EuropecomprisesGermany, Italy, Russia, the UK, France, and the Rest of Europe. Automotive is one of the major manufacturing industries in European countries as it considerably contributes to the countries’ gross domestic product. Also, several premium automotive manufacturers are based in the region. The vehicles and fuelling stations are constantly growing across Europe. LNG and CNG primarily consist of methane that is progressively generated from renewable sources in biomethane and synthetic natural gas. The rising production of commercial and passenger vehicles generates huge demand for natural gas vehicles. Moreover, growing investments in sustainable transport and increasing need for alternative fuel technology would accelerate the natural gas vehicle market growth across various European countries in the coming years.
In 2019, Asia-Pacific stood second in the natural gas vehicle market with a decent market share; it is anticipated to register a steady CAGR from 2020 to 2027.In the past five years, capital investment in technological development has grown by 6.3%in Europe, to reach US$ 7,313.09 million of capital investment in 2019.International Energy Agency stated that apart from South America, APAC is the leading region in the natural gas vehicle industry.The increasing disposable income of individuals and rising economy have bolstered the sales of passenger cars and commercial vehicles in the past few years. APAC has become a global manufacturing hub with the presence of a robust automotive and transportation industry. Government initiatives - such as Made in China 2025 and Make in India - propel the growth of this sector in APAC countries. Developing infrastructure, increasing domestic consumption, as well as low labor costs are the key factors attracting automotive and transportation companies in southeast Asian countries. Based on the pollutant emissions, natural gas vehicles perform exceptionally well than diesel vehicles - especially in heavy commercial vehicles. Optimizing air quality is expected to be a significant driver for natural gas in various APAC countries, such as India, Malaysia, Singapore, and Thailand. Expansion of gas markets, public transportation, and the economy in the region drives the growth of the market.
Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand. The market players present in the natural gas vehicle market are mainly focusing on gaining approval by integrating advanced features and technologies. By signing partnerships, contracts, joint ventures, and inaugurating new offices across the world, companies are increasing their market share and brand presence. Most of the market initiatives were observed in North America, and Europe, which have a high potential for future market growth. For instance, in 2019, Agility Fuel Solutions for medium - and heavy-duty commercial vehicles received 2019 California Air Resources Board (CARB) certifications for its natural gas fuel system for installation on General Motors 6.0L gasoline engines.
Impact of COVID-19 Pandemic on Natural Gas VehicleMarket
The COVID-19 outbreak is adversely affecting the world and is continuing to shatter several countries. Until the outbreak, the automotive and transportation industry was experiencing substantial growth in terms of production and services; however, the outbreak is tremendously disrupting the supply chain and production of automotive and transportation. The automotive manufacturing and transportation industry is heavily dependent on manual labor. Owing to the strong lockdown regulations imposed by the majority of the countries across the globe, the industry is experiencing a significantly lower number of labors in respective manufacturing facilities. This factor is hindering the automotive and transportation industry, thereby restraining the growth of the natural gas vehicle market.
The report segments the global natural gas vehicle market as follows:
By Fuel Type
- CNG
- LNG
By Application
- On-Road
- Off-Road
By Vehicle Type
- Passenger Vehicles
- Light and Commercial Vehicles
- Heavy Commercial Vehicles
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global natural gas vehicle market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global natural gas vehicle market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Natural Gas Vehicle Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Natural Gas Vehicle - Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Cost-Effective Mobility Solutions
5.1.2 Surge in Government Focus on Enhancing Energy Security
5.2 Market Restraints
5.2.1 Rising Emphasis on Electric Vehicles
5.3 Market Opportunities
5.3.1 Rising Focus on Green Transportation
5.4 Future Trends
5.4.1 Growing Use of Heavy-Duty Vehicles Powered by Natural Gas
5.5 Impact Analysis of Drivers and Restraints
6. Natural Gas Vehicle Market - Global Analysis
6.1 Global Natural Gas Vehicle Market Overview
6.2 Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Top Five Players
7. Natural Gas Vehicle Market Analysis - by Fuel Type
7.1 Overview
7.2 Natural Gas Vehicle Market, by Fuel Type (2019 and 2027)
7.3 CNG
7.3.1 Overview
7.3.2 CNG: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
7.4 LNG
7.4.1 Overview
7.4.2 LNG: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
8. Natural Gas Vehicle Market Analysis - by Application
8.1 Overview
8.2 Natural Gas Vehicle Market, by Application (2019 and 2027)
8.3 On Road
8.3.1 Overview
8.3.2 On road: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Off Road
8.4.1 Overview
8.4.2 Off road: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
9. Natural Gas Vehicle Market Analysis - by Vehicle Type
9.1 Overview
9.2 Natural Gas Vehicle Market, by Vehicle Type (2019 and 2027)
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
9.4 Light and Commercial Vehicles
9.4.1 Overview
9.4.2 Light and Commercial Vehicles: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
9.5 Heavy Commercial Vehicles
9.5.1 Overview
9.5.2 Heavy Commercial Vehicles Market Revenue and Forecast to 2027 (US$ Million)
10. Natural Gas Vehicle Market - Geographic Analysis
10.1 Overview
10.2 North America: Natural Gas Vehicle Market
10.2.1 North America: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Natural Gas Vehicle Market, by Fuel Type
10.2.3 North America: Natural Gas Vehicle Market, by Application
10.2.4 North America: Natural Gas Vehicle Market, by Vehicle Type
10.2.5 North America: Natural Gas Vehicle Market, by Key Country
10.2.5.1 US: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Natural Gas Vehicle Market, by Fuel Type
10.2.5.1.2 US: Natural Gas Vehicle Market, by Application
10.2.5.1.3 US: Natural Gas Vehicle Market, by Vehicle Type
10.2.5.2 Canada: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Natural Gas Vehicle Market, by Fuel Type
10.2.5.2.2 Canada: Natural Gas Vehicle Market, by Application
10.2.5.2.3 Canada: Natural Gas Vehicle Market, by Vehicle Type
10.2.5.3 Mexico: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Natural Gas Vehicle Market, by Fuel Type
10.2.5.3.2 Mexico: Natural Gas Vehicle Market, by Application
10.2.5.3.3 Mexico: Natural Gas Vehicle Market, by Vehicle Type
10.3 Europe: Natural Gas Vehicle Market
10.3.1 Europe: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Natural Gas Vehicle Market, by Fuel Type
10.3.3 Europe: Natural Gas Vehicle Market, by Application
10.3.4 Europe: Natural Gas Vehicle Market, by Vehicle Type
10.3.5 Europe: Natural Gas Vehicle Market, by Key Country
10.3.5.1 Germany: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Natural Gas Vehicle Market, by Fuel Type
10.3.5.1.2 Germany: Natural Gas Vehicle Market, by Application
10.3.5.1.3 Germany: Natural Gas Vehicle Market, by Vehicle Type
10.3.5.2 France: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Natural Gas Vehicle Market, by Fuel Type
10.3.5.2.2 France: Natural Gas Vehicle Market, by Application
10.3.5.2.3 France: Natural Gas Vehicle Market, by Vehicle Type
10.3.5.3 Italy: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 Italy: Natural Gas Vehicle Market, by Fuel Type
10.3.5.3.2 Italy: Natural Gas Vehicle Market, by Application
10.3.5.3.3 Italy: Natural Gas Vehicle Market, by Vehicle Type
10.3.5.4 UK: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 UK: Natural Gas Vehicle Market, by Fuel Type
10.3.5.4.2 UK: Natural Gas Vehicle Market, by Application
10.3.5.4.3 UK: Natural Gas Vehicle Market, by Vehicle Type
10.3.5.5 Russia: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Russia: Natural Gas Vehicle Market, by Fuel Type
10.3.5.5.2 Russia: Natural Gas Vehicle Market, by Application
10.3.5.5.3 Russia: Natural Gas Vehicle Market, by Vehicle Type
10.3.5.6 Rest of Europe: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Natural Gas Vehicle Market, by Fuel Type
10.3.5.6.2 Rest of Europe: Natural Gas Vehicle Market, by Application
10.3.5.6.3 Rest of Europe: Natural Gas Vehicle Market, by Vehicle Type
10.4 APAC: Natural Gas Vehicle Market
10.4.1 APAC: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Natural Gas Vehicle Market, by Fuel Type
10.4.3 APAC: Natural Gas Vehicle Market, by Application
10.4.4 APAC: Natural Gas Vehicle Market, by Vehicle Type
10.4.5 APAC: Natural Gas Vehicle Market, by Key Country
10.4.5.1 China: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.1 China: Natural Gas Vehicle Market, by Fuel Type
10.4.5.1.2 China: Natural Gas Vehicle Market, by Application
10.4.5.1.3 China: Natural Gas Vehicle Market, by Vehicle Type
10.4.5.2 India: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.1 India: Natural Gas Vehicle Market, by Fuel Type
10.4.5.2.2 India: Natural Gas Vehicle Market, by Application
10.4.5.2.3 India: Natural Gas Vehicle Market, by Vehicle Type
10.4.5.3 Japan: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 Japan: Natural Gas Vehicle Market, by Fuel Type
10.4.5.3.2 Japan: Natural Gas Vehicle Market, by Application
10.4.5.3.3 Japan: Natural Gas Vehicle Market, by Vehicle Type
10.4.5.4 South Korea: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 South Korea: Natural Gas Vehicle Market, by Fuel Type
10.4.5.4.2 South Korea: Natural Gas Vehicle Market, by Application
10.4.5.4.3 South Korea: Natural Gas Vehicle Market, by Vehicle Type
10.4.5.5 Australia: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 Australia: Natural Gas Vehicle Market, by Fuel Type
10.4.5.5.2 Australia: Natural Gas Vehicle Market, by Application
10.4.5.5.3 Australia: Natural Gas Vehicle Market, by Vehicle Type
10.4.5.6 Rest of APAC: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of APAC: Natural Gas Vehicle Market, by Fuel Type
10.4.5.6.2 Rest of APAC: Natural Gas Vehicle Market, by Application
10.4.5.6.3 Rest of APAC: Natural Gas Vehicle Market, by Vehicle Type
10.5 MEA: Natural Gas Vehicle Market
10.5.1 MEA: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.5.2 MEA: Natural Gas Vehicle Market, by Fuel Type
10.5.3 MEA: Natural Gas Vehicle Market, by Application
10.5.4 MEA: Natural Gas Vehicle Market, by Vehicle Type
10.5.5 MEA: Natural Gas Vehicle Market, by Key Country
10.5.5.1 South Africa: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 South Africa: Natural Gas Vehicle Market, by Fuel Type
10.5.5.1.2 South Africa: Natural Gas Vehicle Market, by Application
10.5.5.1.3 South Africa: Natural Gas Vehicle Market, by Vehicle Type
10.5.5.2 Saudi Arabia: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 Saudi Arabia: Natural Gas Vehicle Market, by Fuel Type
10.5.5.2.2 Saudi Arabia: Natural Gas Vehicle Market, by Application
10.5.5.2.3 Saudi Arabia: Natural Gas Vehicle Market, by Vehicle Type
10.5.5.3 UAE: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.3.1 UAE: Natural Gas Vehicle Market, by Fuel Type
10.5.5.3.2 UAE: Natural Gas Vehicle Market, by Application
10.5.5.3.3 UAE: Natural Gas Vehicle Market, by Vehicle Type
10.5.5.4 Rest of MEA: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of MEA: Natural Gas Vehicle Market, by Fuel Type
10.5.5.4.2 Rest of MEA: Natural Gas Vehicle Market, by Application
10.5.5.4.3 Rest of MEA: Natural Gas Vehicle Market, by Vehicle Type
10.6 SAM: Natural Gas Vehicle Market
10.6.1 SAM: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.6.2 SAM: Natural Gas Vehicle Market, by Fuel Type
10.6.3 SAM: Natural Gas Vehicle Market, by Application
10.6.4 SAM: Natural Gas Vehicle Market, by Vehicle Type
10.6.5 SAM: Natural Gas Vehicle Market, by Key Country
10.6.5.1 Brazil: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Natural Gas Vehicle Market, by Fuel Type
10.6.5.1.2 Brazil: Natural Gas Vehicle Market, by Application
10.6.5.1.3 Brazil: Natural Gas Vehicle Market, by Vehicle Type
10.6.5.2 Argentina: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.2.1 Argentina: Natural Gas Vehicle Market, by Fuel Type
10.6.5.2.2 Argentina: Natural Gas Vehicle Market, by Application
10.6.5.2.3 Argentina: Natural Gas Vehicle Market, by Vehicle Type
10.6.5.3 Rest of SAM: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.3.1 Rest of SAM: Natural Gas Vehicle Market, by Fuel Type
10.6.5.3.2 Rest of SAM: Natural Gas Vehicle Market, by Application
10.6.5.3.3 Rest of SAM: Natural Gas Vehicle Market, by Vehicle Type
11. Impact of COVID-19 Pandemic on Natural Gas Vehicle Market
11.1 North America: Impact assessment of COVID-19 Pandemic
11.2 Europe: Impact assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact assessment of COVID-19 Pandemic
11.5 South America: Impact Assessment of COVID-19 Pandemic
12. Global Natural Gas Vehicle Market - Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 AB Volvo
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Agility Fuel Solutions
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cummins Westport Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Ford Motor Company
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PACCAR Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 General Motors
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 CNH Industrial N.V.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Navistar, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Volkswagen AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Nissan Motor Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word IndexList of Tables
Table 1. Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Natural Gas Vehicle Market, by Fuel Type - Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Natural Gas Vehicle Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Natural Gas Vehicle Market, by Vehicle Type - Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 14. Europe: Natural Gas Vehicle Market, by Fuel Type - Revenue and Forecast to 2027 (US$ Million)
Table 15. Europe: Natural Gas Vehicle Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 16. Europe: Natural Gas Vehicle Market, by Vehicle Type - Revenue and Forecast to 2027 (US$ Million)
Table 17. Germany: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 18. Germany: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 19. Germany: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 20. France: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 21. France: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 22. France: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 23. Italy: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 24. Italy: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 25. Italy: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 26. UK: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 27. UK: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 28. UK: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 29. Russia: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 30. Russia: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 31. Russia: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 32. Rest of Europe: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 33. Rest of Europe: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 34. Rest of Europe: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 35. APAC: Natural Gas Vehicle Market, by Fuel Type - Revenue and Forecast to 2027 (US$ Million)
Table 36. APAC: Natural Gas Vehicle Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 37. APAC: Natural Gas Vehicle Market, by Vehicle Type - Revenue and Forecast to 2027 (US$ Million)
Table 38. China: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 39. China: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 40. China: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 41. India: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 42. India: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 43. India: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 44. Japan: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 45. Japan: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 46. Japan: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 47. South Korea: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 48. South Korea: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 49. South Korea: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 50. Australia: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 51. Australia: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 52. Australia: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 53. Rest of APAC: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of APAC: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of APAC: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 56. MEA: Natural Gas Vehicle Market, by Fuel Type- Revenue and Forecast to 2027 (US$ Million)
Table 57. MEA: Natural Gas Vehicle Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 58. MEA: Natural Gas Vehicle Market, by Vehicle Type - Revenue and Forecast to 2027 (US$ Million)
Table 59. South Africa: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 60. South Africa: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 61. South Africa: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 62. Saudi Arabia: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 63. Saudi Arabia: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 64. Saudi Arabia: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 65. UAE: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 66. UAE: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 67. UAE: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 68. Rest of MEA: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 69. Rest of MEA: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 70. Rest of MEA: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 71. SAM: Natural Gas Vehicle Market, by Fuel Type - Revenue and Forecast to 2027 (US$ Million)
Table 72. SAM: Natural Gas Vehicle Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 73. SAM: Natural Gas Vehicle Market, by Vehicle Type - Revenue and Forecast to 2027 (US$ Million)
Table 74. Brazil: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 75. Brazil: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 76. Brazil: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 77. Argentina: Natural Gas Vehicle Market, by Fuel Type -Revenue and Forecast to 2027 (US$ Million)
Table 78. Argentina: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 79. Argentina: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 80. Rest of SAM: Natural Gas Vehicle Market, by Fuel Type-Revenue and Forecast to 2027 (US$ Million)
Table 81. Rest of SAM: Natural Gas Vehicle Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 82. Rest of SAM: Natural Gas Vehicle Market, by Vehicle Type -Revenue and Forecast to 2027 (US$ Million)
Table 83. List of AbbreviationList of Figures
Figure 1. Natural Gas Vehicle Market Segmentation
Figure 2. Natural Gas Vehicle Market Segmentation - By Geography
Figure 3. Global Natural Gas Vehicle Market Overview
Figure 4. CNG Segment to Show Remarkable Traction During Forecast Period
Figure 5. On Road Segment to Show Remarkable Growth During Forecast Period
Figure 6. Passenger Vehicles Segment to Show Remarkable Growth During Forecast Period
Figure 7. Global Natural Gas Vehicle Market, Geography Analysis
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. Asia-Pacific: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. South America: PEST Analysis
Figure 13. Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Natural Gas Vehicle Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Natural Gas Vehicle Market
Figure 17. Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
Figure 18. Natural Gas Vehicle Market Revenue Share, by Fuel Type (2019 and 2027)
Figure 19. CNG: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
Figure 20. LNG: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
Figure 21. Natural Gas Vehicle Market Revenue Share, by Application (2019 and 2027)
Figure 22. On road: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
Figure 23. Off road: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
Figure 24. Natural Gas Vehicle Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 25. Passenger Vehicles: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
Figure 26. Light and Commercial Vehicles: Natural Gas Vehicle Market - Revenue and Forecast to 2027 (US$ Million)
Figure 27. Heavy Commercial Vehicles Market Revenue and Forecast to 2027 (US$ Million)
Figure 28. Natural Gas Vehicle Market Revenue Share, By Region (2019 and 2027)
Figure 29. North America: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 30. North America: Natural Gas Vehicle Market Revenue Share, by Fuel Type (2019 and 2027)
Figure 31. North America: Natural Gas Vehicle Market Revenue Share, by Application (2019 and 2027)
Figure 32. North America: Natural Gas Vehicle Market Revenue Share, by Vehicle Type (2019 and 2027)
Figure 33. North America: Natural Gas Vehicle Market Revenue Share, by Key Country (2019 and 2027)
Figure 34. US: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 35. Canada: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 36. Mexico: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 37. Europe: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 38. Europe: Natural Gas Vehicle Market Revenue Share, By Fuel Type (2019 and 2027)
Figure 39. Europe: Natural Gas Vehicle Market Revenue Share, By Application (2019 and 2027)
Figure 40. Europe: Natural Gas Vehicle Market Revenue Share, By Vehicle Type (2019 and 2027)
Figure 41. Europe: Natural Gas Vehicle Market Revenue Share, By Key Country (2019 and 2027)
Figure 42. Germany: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 43. France: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 44. Italy: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 45. UK: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 46. Russia: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 47. Rest of Europe: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 48. APAC: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 49. APAC: Natural Gas Vehicle Market Revenue Share, By Fuel Type (2019 and 2027)
Figure 50. APAC: Natural Gas Vehicle Market Revenue Share, By Application (2019 and 2027)
Figure 51. APAC: Natural Gas Vehicle Market Revenue Share, By Vehicle Type (2019 and 2027)
Figure 52. APAC: Natural Gas Vehicle Market Revenue Share, By Key Country (2019 and 2027)
Figure 53. China: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 54. India: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 55. Japan: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 56. South Korea: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 57. Australia: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 58. Rest of APAC: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 59. MEA: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 60. MEA: Natural Gas Vehicle Market Revenue Share, By Fuel Type (2019 and 2027)
Figure 61. MEA: Natural Gas Vehicle Market Revenue Share, By Application (2019 and 2027)
Figure 62. MEA: Natural Gas Vehicle Market Revenue Share, By Vehicle Type (2019 and 2027)
Figure 63. MEA: Natural Gas Vehicle Market Revenue Share, By Key Country (2019 and 2027)
Figure 64. South Africa: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 65. Saudi Arabia: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 66. UAE: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 67. Rest of MEA: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 68. SAM: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 69. SAM: Natural Gas Vehicle Market Revenue Share, By Fuel Type (2019 and 2027)
Figure 70. SAM: Natural Gas Vehicle Market Revenue Share, By Application (2019 and 2027)
Figure 71. SAM: Natural Gas Vehicle Market Revenue Share, By Vehicle Type (2019 and 2027)
Figure 72. SAM: Natural Gas Vehicle Market Revenue Share, By Key Country (2019 and 2027)
Figure 73. Brazil: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 74. Argentina: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 75. Rest of SAM: Natural Gas Vehicle Market - Revenue and Forecast To 2027 (US$ Million)
Figure 76. Impact of COVID-19 Pandemic in North American Country Markets
Figure 77. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 78. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 79. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 80. Impact of COVID-19 Pandemic in South America Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- Agility Fuel Solutions
- Cummins Westport Inc.
- Ford Motor Company
- PACCAR Inc.
- General Motors
- CNH Industrial N.V.
- Navistar, Inc.
- Volkswagen AG
- Nissan Motor Co., Ltd.
