CNG and LPG Vehicle Market - Trends Forecast Till 2028

Market Overview

Global CNG and LPG Vehicle Market are anticipated to reach USD 2,135 thousand units in 2021 growing at a CAGR of 15.6% during the forecasting period, 2021-2028. 

A CNG or LPG vehicle is an alternative fuel vehicle to the conventional petrol and diesel automobile. CNG is compressed natural gas whereas LPG is liquefied petroleum gas composing of propane majorly. These both are cleaner fuels as they undergo complete combustion emitting CO2 and H2O as the residue. They are not just eco-friendly but are also cost-effective and convenient. The technology used for CNG and LPG is very different from each other.

Increased demand and supply of automobiles and the increased price of petrol in the market are some of the factors that have supported long-term expansion for the CNG and LPG vehicle industry.

Key Findings

Global CNG and LPG Vehicle Market are segmented into Vehicle Body Type, Fuel Type, By Kit type, By Fitting, Engine System Type, and geography.

Vehicle body type segment is segmented into Passenger Cars, Three-wheelers l& Commercial Vehicles

The fuel type segment is segmented into CNG & LPG

The kit type segment is segmented into Venturi & Sequential

A fitting segment is segmented into OE & Aftermarket

Geographically, the global CNG and LPG Vehicle Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America, and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in the global CNG and LPG Vehicle Market are Suzuki Motor Corporation (Japan), Honda Motor Company (Japan), Hyundai Motor Group (South Korea), Volkswagen AG (Germany), Ford Motor Company (US) among others. 

Reasons to Acquire

• Increase your understanding of the market for identifying the suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for Global CNG and LPG Vehicle Market to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope