This industry study presents the global Compressed Natural Gas Vehicles market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Compressed Natural Gas Vehicles production, revenue and market share by manufacturers, key regions and type;
The consumption of Compressed Natural Gas Vehicles in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Faw-Volkswagen, DPCA, etc.
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.
China automotive compressed natural gas vehicles industry is concentrated and the top three manufacturers control over 40% of the market share in 2015. Faw-Volkswagen, DPCA and Beijing Hyundai are the leaders in the global compressed natural gas vehicles market. And most top players are joint ventures that have more advanced technology and more funds.
South Central China is the largest plants of CNG vehicles in China with the market share of over 24% in 2015, followed by Northeast and East China, whose market share are 16.98% and 17.12%, respectively. As for the demand, Shandong and Xinjiang are the leading markets.
Global Compressed Natural Gas Vehicles market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Compressed Natural Gas Vehicles.
The following manufacturers are covered in this report:
SG Automotive Group
Compressed Natural Gas Vehicles Breakdown Data by Type
Compressed Natural Gas Vehicles Breakdown Data by Application
Compressed Natural Gas Vehicles Production by Region
Compressed Natural Gas Vehicles Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Compressed Natural Gas Vehicles status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Compressed Natural Gas Vehicles manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Compressed Natural Gas Vehicles :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Compressed Natural Gas Vehicles market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.