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自動車用天然ガス自動車(NGV)市場 - 世界の産業規模、シェア、動向、機会、予測:燃料タイプ別、車両タイプ別、地域別、競合、2018年-2028年

Automotive Natural Gas Vehicle Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Fuel Type (CNG, LNG), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Region, Competition 2018-2028

出版日: | 発行: TechSci Research | ページ情報: 英文 184 Pages | 納期: 2~3営業日

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自動車用天然ガス自動車(NGV)市場 - 世界の産業規模、シェア、動向、機会、予測:燃料タイプ別、車両タイプ別、地域別、競合、2018年-2028年
出版日: 2024年01月01日
発行: TechSci Research
ページ情報: 英文 184 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 目次
概要

自動車用天然ガス自動車(NGV)の世界市場規模は2022年に118億9,000万米ドルとなり、2028年までのCAGRは6.50%で、予測期間中に力強い成長が予測されています。

世界の自動車用天然ガス自動車(NGV)市場は、近年著しい急成長を遂げています。環境問題への関心の高まりと燃料価格の継続的な上昇に伴い、天然ガス自動車(NGV)へのシフトが顕著になっています。圧縮天然ガスまたは液化天然ガスを燃料とするこれらの自動車は、その卓越した環境上の利点により、世界中で大きな支持を集めています。従来のガソリン車やディーゼル車に比べて排出ガスが少ないだけでなく、温室効果ガスの排出削減や大気環境の改善にも貢献します。さらに、燃料源としての天然ガスは比較的豊富で多様であるため、持続可能で費用対効果の高い代替輸送手段となっています。その結果、天然ガス自動車(NGV)を採用することの利点を認識する消費者、政府、企業が増えており、自動車用天然ガス自動車(NGV)市場の将来が有望視されています。

市場概要
予測期間 2024-2028
市場規模:2022年 118億9,000万米ドル
市場規模:2028年 175億1,000万米ドル
CAGR 2023-2028 6.5%
急成長セグメント CNG
最大市場 アジア太平洋

さらに、天然ガス自動車(NGV)は環境面で大きな利点があるだけでなく、経済面でも魅力的な利点があります。多くの地域で天然ガスが豊富に埋蔵されているため、NGVへの燃料供給コストは従来型車両に比べて大幅に低くなり、燃料費の大幅な節約につながります。さらに、天然ガス価格の安定性と予測可能性により、天然ガス自動車(NGV)の長期的な費用対効果は向上します。このため、大規模な車両を保有するフリートオペレーターや企業にとっては魅力的な選択肢となり、リソースをより効率的に配分し、より大きな財務的持続可能性を達成することができます。さらに、輸送のための輸入石油への依存度が低下することで、エネルギー安全保障が強化され、国内のエネルギー生産が促進されます。その結果、天然ガス自動車(NGV)の採用は環境に恩恵をもたらすだけでなく、より強靭で自給自足的な経済にも貢献します。

さらに、二酸化炭素排出量の削減と持続可能な慣行の促進を目指し、よりクリーンな代替輸送手段を優先する政府の取り組みが、市場の成長をさらに後押ししています。世界各国の政府は、天然ガス自動車(NGV)の導入を奨励する政策と規制を積極的に実施しています。こうした取り組みには、NGVの購入を促進するための手厚い税額控除、助成金、補助金など、幅広い措置が含まれています。さらに、各国政府は強固なインフラ整備に積極的に投資し、天然ガス燃料ステーションの利用可能性を確保し、この環境に優しい交通手段の普及を支援しています。こうした総合的な取り組みが、天然ガス自動車(NGV)市場の継続的な成長と成功に寄与しています。

しかし、前向きな勢いにもかかわらず、天然ガス燃料ステーションのインフラ整備は多くの地域で課題となっています。天然ガス自動車(NGV)の実用性と利便性を確保するためには、燃料補給ポイントへの便利なアクセスが必要であるため、燃料補給ステーションの利用可能性が限られていることは、潜在的なNGV購入者にとって障壁となる可能性があります。

とはいえ、技術の進歩に伴い、NGVの効率と性能は向上し続けています。メーカーは天然ガス自動車(NGV)の航続距離、出力、総合的な能力を向上させるための研究開発に投資しています。この進歩は、燃料補給インフラの利用可能性の増加と相まって、今後数年間の自動車用天然ガス車市場の堅調な成長を促進すると予想されます。

結論として、自動車用天然ガス自動車(NGV)市場は、環境問題への関心、燃料価格の上昇、政府の支援などを原動力として、著しい盛り上がりを見せています。経済的メリット、低排出ガス、継続的な技術進歩により、天然ガス自動車(NGV)は消費者にとっても企業にとっても魅力的な選択肢となっています。市場が進化を続け、インフラに関連する課題を克服するにつれ、よりクリーンで持続可能な輸送ソリューションとしてNGVが広く採用される将来が有望視されています。

目次

第1章 イントロダクション

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 COVID-19が自動車用天然ガス自動車(NGV)の世界市場に与える影響

第5章 世界の自動車用天然ガス自動車(NGV)市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 燃料タイプ別(CNG、LNG)
    • 車両タイプ別(乗用車、商用車)
    • 地域別
    • 企業別(上位5社、その他:金額別、2022年)
  • 自動車用天然ガス自動車(NGV)の世界市場マッピングと機会評価
    • 燃料タイプ別
    • 車両タイプ別
    • 地域別

第6章 アジア太平洋の自動車用天然ガス自動車(NGV)市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 燃料タイプ別
    • 車両タイプ別
    • 国別
  • アジア太平洋:国別分析
    • 中国
    • インド
    • 日本
    • インドネシア
    • タイ
    • 韓国
    • オーストラリア

第7章 欧州・CISの自動車用天然ガス自動車(NGV)市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 燃料タイプ別
    • 車両タイプ別
    • 国別
  • 欧州・CIS:国別分析
    • ドイツ
    • スペイン
    • フランス
    • ロシア
    • イタリア
    • 英国
    • ベルギー

第8章 北米の自動車用天然ガス自動車(NGV)市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 燃料タイプ別
    • 車両タイプ別
    • 国別
  • 北米:国別分析
    • 米国
    • メキシコ
    • カナダ

第9章 南米の自動車用天然ガス自動車(NGV)市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 燃料タイプ別
    • 車両タイプ別
    • 国別
  • 南米:国別分析
    • ブラジル
    • コロンビア
    • アルゼンチン

第10章 中東・アフリカの自動車用天然ガス自動車(NGV)市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 燃料タイプ別
    • 車両タイプ別
    • 国別
  • 中東・アフリカ:国別分析
    • 南アフリカ
    • トルコ
    • サウジアラビア
    • アラブ首長国連邦

第11章 SWOT分析

  • 強み
  • 弱み
  • 機会
  • 脅威

第12章 市場力学

  • 市場促進要因
  • 市場の課題

第13章 市場動向と発展

第14章 競合情勢

  • 企業プロファイル(主要10社まで)
    • Mercedes-Benz Group AG
    • Honda Motor Co., Ltd.
    • Tata Motors
    • Nissan Motor Co., Ltd.
    • AB Volvo
    • Volkswagen AG
    • CNH Industrial
    • Navistar, Inc.
    • Cummins, Inc.
    • BMW Group

第15章 戦略的提言

第16章 調査会社・免責事項

目次
Product Code: 22613

Global Automotive Natural Gas Vehicle market was valued at USD 11.89 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.50% through 2028. The global Automotive Natural Gas Vehicle (NGV) market has experienced a remarkable surge in recent years. With growing environmental concerns and the continuous rise in fuel prices, there is a notable shift towards natural gas vehicles. These vehicles, which are fueled by either compressed or liquefied natural gas, are gaining significant traction worldwide due to their exceptional environmental benefits. Not only do they offer lower emissions compared to traditional petrol or diesel vehicles, but they also contribute to reducing greenhouse gas emissions and improving air quality. Additionally, the availability of natural gas as a fuel source is relatively abundant and diverse, making it a sustainable and cost-effective alternative for transportation. As a result, more and more consumers, governments, and businesses are recognizing the advantages of adopting natural gas vehicles, leading to a promising future for the Automotive Natural Gas Vehicle market.

Market Overview
Forecast Period2024-2028
Market Size 2022USD 11.89 Billion
Market Size 2028USD 17.51 Billion
CAGR 2023-20286.5%
Fastest Growing SegmentCNG
Largest MarketAsia Pacific

Moreover, beyond the significant environmental benefits, natural gas vehicles offer compelling economic advantages as well. With the abundance of natural gas reserves in many regions, the cost of fueling NGVs can be significantly lower compared to conventional vehicles, resulting in substantial savings in fuel expenses. Additionally, the long-term cost-effectiveness of natural gas vehicles is enhanced by the stability and predictability of natural gas prices. This makes them an attractive option for fleet operators and businesses with large vehicle fleets, allowing them to allocate their resources more efficiently and achieve greater financial sustainability. Furthermore, the reduced reliance on imported oil for transportation can enhance energy security and promote domestic energy production. As a result, the adoption of natural gas vehicles not only benefits the environment but also contributes to a more resilient and self-sufficient economy.

Furthermore, the market's growth is further bolstered by government initiatives that prioritize cleaner transportation alternatives, aiming to reduce the carbon footprint and promote sustainable practices. Governments around the world are actively implementing policies and regulations that incentivize and encourage the adoption of natural gas vehicles (NGVs). These initiatives encompass a wide range of measures, including generous tax credits, grants, and subsidies to facilitate NGV purchases. Additionally, governments are actively investing in the development of robust infrastructure, ensuring the availability of natural gas fuelling stations and supporting the widespread adoption of this eco-friendly mode of transportation. These comprehensive efforts collectively contribute to the continued growth and success of the natural gas vehicle market.

However, despite the positive momentum, the development of infrastructure for natural gas fuelling stations remains a challenge in many regions. The limited availability of refueling stations can create a barrier for potential NGV buyers, as they need convenient access to refueling points to ensure the practicality and convenience of using natural gas vehicles.

Nonetheless, with ongoing technological advancements, the efficiency and performance of NGVs continue to improve. Manufacturers are investing in research and development to enhance the range, power, and overall capabilities of natural gas vehicles. This progress, coupled with the increasing availability of refueling infrastructure, is expected to drive the robust growth of the Automotive Natural Gas Vehicle market in the coming years.

In conclusion, the Automotive Natural Gas Vehicle market is experiencing a significant upsurge driven by environmental concerns, rising fuel prices, and government support. The economic advantages, lower emissions, and ongoing technological advancements are making natural gas vehicles an attractive option for consumers and businesses alike. As the market continues to evolve and overcome challenges related to infrastructure, the future looks promising for the widespread adoption of NGVs as a cleaner and more sustainable transportation solution.

Key Market Drivers

Environmental Concerns and Emission Reduction

One of the primary drivers for the Global Automotive Natural Gas Vehicle Market is the increasing environmental awareness and the urgent need to reduce emissions. As concerns about air quality and the impact of greenhouse gas emissions grow, governments, consumers, and businesses are seeking cleaner and more sustainable transportation alternatives. Natural gas is considered a cleaner-burning fuel compared to traditional gasoline or diesel, as it produces fewer carbon emissions and lower levels of harmful pollutants, such as nitrogen oxides and particulate matter.

NGVs significantly reduce emissions of carbon dioxide (CO2), a major contributor to global warming, making them an attractive option for individuals and fleets aiming to reduce their carbon footprint. This environmental focus has driven both government incentives and consumer interest in NGVs, spurring the growth of the market.

Abundance of Natural Gas Resources

The abundance of natural gas resources is a significant driver for the Global Automotive Natural Gas Vehicle Market. Natural gas, particularly in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), is readily available in many regions, making it a cost-effective and sustainable fuel choice. This abundance is due to the expansion of natural gas production, including shale gas, which has transformed the global energy landscape.

Natural gas reserves are geographically diverse, reducing dependency on oil-producing regions and enhancing energy security. This resource abundance ensures a stable and competitive supply of natural gas for NGVs, attracting both governments and private entities to invest in natural gas infrastructure and vehicles.

Government Incentives and Regulations

Government incentives and regulations play a pivotal role in driving the adoption of Natural Gas Vehicles. Many countries are implementing policies and regulations to reduce emissions and promote the use of alternative fuels, including natural gas. These measures include tax incentives, rebates, and subsidies for NGV purchases, as well as reduced road taxes and tolls for NGV owners.

In addition to incentives, governments are implementing emission standards and regulations that encourage the adoption of cleaner fuels. For example, stricter emissions standards for diesel vehicles have motivated commercial fleet operators to switch to NGVs to comply with environmental regulations. Furthermore, some regions have introduced regulations requiring a certain percentage of vehicles in public transportation fleets to be NGVs, driving the adoption of natural gas as a transit fuel.

Lower Fuel Costs and Cost Savings

Lower fuel costs and the potential for substantial cost savings are significant drivers in the Global Automotive Natural Gas Vehicle Market. Natural gas prices have historically been lower and less volatile than oil prices, which makes natural gas an attractive and cost-effective alternative for both individual and commercial vehicle owners.

NGVs offer compelling cost benefits through reduced fuel expenditures, contributing to a favorable return on investment for consumers and fleet operators. Moreover, the relatively stable pricing of natural gas compared to oil provides cost predictability, which is especially important for long-haul trucking companies and public transit agencies.

In addition to lower fuel costs, NGVs often have longer maintenance intervals and extended engine life due to cleaner combustion, further reducing operating expenses. These cost advantages make natural gas vehicles an appealing choice for businesses focused on profitability and cost-efficient operations.

Expansion of Natural Gas Refueling Infrastructure

The expansion of natural gas refueling infrastructure is a crucial driver for the growth of the Global Automotive Natural Gas Vehicle Market. To encourage the adoption of NGVs, there is a concerted effort to develop and expand CNG and LNG refueling networks. As the number of refueling stations increases, it becomes more convenient for NGV owners to access fuel, especially for long-distance travel or commercial operations.

Governments and private enterprises are investing in the construction of natural gas refueling infrastructure along highways, in urban centers, and near key transportation routes. This expansion not only supports NGV adoption but also contributes to energy security and a diversified energy mix.

The availability of a robust and accessible refueling infrastructure is crucial for the success and sustainability of the NGV market, as it addresses the range anxiety associated with alternative fuel vehicles and makes natural gas a viable option for a broad range of applications.

Key Market Challenges

Limited Refueling Infrastructure

One of the primary challenges in the Global Automotive Natural Gas Vehicle Market is the limited availability of refueling infrastructure for compressed natural gas (CNG) and liquefied natural gas (LNG). Unlike traditional gasoline and diesel vehicles that benefit from an extensive network of fueling stations, NGVs often face limitations in refueling options.

This deficiency poses a considerable obstacle for potential NGV owners, as the lack of refueling infrastructure can result in limited travel flexibility and accessibility. Individuals and fleets must plan their routes meticulously to ensure access to CNG and LNG stations, which can be inconvenient for long-haul trucking operations or everyday commuting.

Expanding the refueling network requires significant investment and coordination between governments, energy companies, and NGV manufacturers. Addressing this challenge is crucial for the broader adoption of NGVs and to ensure that consumers have reliable access to natural gas fuel.

High Initial Vehicle Cost

The high initial cost of NGVs is another significant challenge in the Global Automotive Natural Gas Vehicle Market. NGVs often have a higher upfront purchase price compared to their gasoline or diesel counterparts. This cost disparity is primarily attributed to the additional components and technology required to store and deliver natural gas safely.

While NGVs offer cost savings over the long term through lower fuel expenses, the initial financial barrier can deter potential buyers, particularly individual consumers. The higher acquisition cost may be prohibitive for some, despite the long-term economic benefits.

Overcoming this challenge requires measures to reduce the initial cost differential between NGVs and conventional vehicles. Incentives, subsidies, and grants from governments and NGV manufacturers can help alleviate this financial hurdle and make NGVs more accessible to a broader range of consumers.

Limited Vehicle Model Availability

The limited availability of NGV models in the automotive market is a challenge that hampers its growth. NGVs are not as widely represented in the vehicle offerings of major automakers when compared to gasoline or electric vehicles. This limited model availability restricts consumer choice and the potential adoption of NGVs.

As consumers seek a variety of vehicle types, from compact cars to larger SUVs and trucks, the lack of NGV options can deter potential buyers who require specific vehicle categories for their personal or business needs. This limitation also affects fleet operators who may be interested in transitioning to NGVs for their transportation requirements.

Encouraging automakers to develop a more comprehensive range of NGV models is essential to overcoming this challenge. Collaboration between governments, automotive manufacturers, and the NGV industry is crucial to expanding vehicle options and meeting diverse consumer and commercial needs.

Range Limitations

Range limitations represent a significant challenge for NGVs, particularly for CNG vehicles. NGVs equipped with CNG tanks often have a more limited range compared to gasoline or diesel vehicles. This limitation is due to the lower energy density of natural gas, which requires larger storage tanks to achieve a similar range.

For individuals and businesses requiring extensive travel or long-haul transportation, the need for frequent refueling can be a drawback. This constraint can be particularly problematic for long-distance trucking operations, where downtime for refueling can affect delivery schedules and operational efficiency.

Mitigating this challenge involves the development of advanced natural gas storage technologies, which allow for greater energy density in smaller and lighter tanks. Innovations in tank materials, compression technologies, and onboard storage capacity can extend the range of NGVs, making them more competitive with conventional vehicles.

Global Variability in Natural Gas Quality and Pricing

The variability in natural gas quality and pricing on a global scale poses a challenge for the Global Automotive Natural Gas Vehicle Market. Natural gas quality can differ significantly from one region to another, affecting the efficiency and emissions performance of NGVs. Variability in natural gas quality may necessitate vehicle modifications or the use of specialized fueling systems to ensure optimal performance.

Additionally, natural gas pricing varies across regions due to factors such as supply and demand, production costs, and taxation. While natural gas is generally less expensive than gasoline or diesel, these regional fluctuations in pricing can impact the cost savings associated with NGVs.

Adapting NGV technology to accommodate different natural gas qualities and establishing pricing stability is crucial to overcoming this challenge. Harmonizing quality standards and developing technologies that can handle a range of natural gas compositions ensures consistent performance and reliability for NGVs across diverse markets.

Key Market Trends

Growing Focus on Sustainable Mobility

A prominent trend in the Global Automotive Natural Gas Vehicle Market is the growing emphasis on sustainable mobility. As concerns about environmental pollution and climate change intensify, governments, consumers, and businesses are increasingly turning to NGVs as a more sustainable transportation option. Natural gas is recognized for its lower carbon emissions compared to gasoline or diesel, making it an attractive choice for those seeking to reduce their carbon footprint. NGVs contribute to cleaner air quality and help mitigate the impact of greenhouse gas emissions, aligning with global sustainability goals.

This trend is further accelerated by regulatory measures aimed at curbing vehicle emissions, such as strict emissions standards and targets set by governments. Incentives and subsidies for NGV adoption, along with environmental awareness campaigns, are encouraging consumers to choose natural gas as a greener alternative to traditional fuels.

Technological Advancements and Engine Efficiency

Technological advancements and improvements in engine efficiency represent a crucial trend in the Global Automotive Natural Gas Vehicle Market. NGV manufacturers and automotive engineers are continually enhancing the performance and reliability of NGV engines to meet the demands of modern consumers. These advancements include more efficient natural gas combustion, increased engine power, and extended vehicle range.

Advanced turbocharging, direct injection systems, and electronic engine management systems have significantly improved the efficiency of NGV engines. These technologies enhance fuel combustion, leading to better fuel economy and reduced emissions. Furthermore, innovations in natural gas storage and compression technologies have increased the onboard capacity of NGVs, extending their range and making them more competitive with conventional gasoline and diesel vehicles.

As NGV engine technology continues to evolve, the market is witnessing the introduction of a new generation of vehicles with improved performance and a broader range of applications.

Diversification of NGV Offerings

The diversification of NGV offerings is a noteworthy trend in the Global Automotive Natural Gas Vehicle Market. Automakers and NGV manufacturers are expanding their product portfolios to include a more comprehensive range of NGV models. This diversification caters to a broader spectrum of consumers and commercial users who have diverse needs and preferences when it comes to vehicle type and size.

NGVs are no longer limited to compact cars or commercial vans; they now include a variety of vehicle categories, such as sedans, SUVs, trucks, and buses. The availability of a diverse lineup of NGVs is essential for meeting the transportation requirements of individual consumers and business fleets.

This trend reflects the industry's recognition of the importance of offering a broader selection of NGVs to accommodate various customer needs and preferences. As NGV choices become more extensive, it is likely to attract a wider audience and facilitate further market growth.

Public Transportation and Fleet Adoption

Public transportation and fleet adoption of NGVs are driving a significant trend in the Global Automotive Natural Gas Vehicle Market. Cities and municipalities are increasingly incorporating NGVs into their public transportation fleets as part of their efforts to improve urban air quality and reduce emissions. Buses, taxis, and municipal vehicles powered by natural gas have become a common sight in many urban centers worldwide.

Fleet operators, such as commercial trucking companies, delivery services, and taxi services, are also adopting NGVs to benefit from the cost savings associated with natural gas fuel. The stability of natural gas prices compared to volatile oil prices is a significant advantage for fleet operators, contributing to their interest in NGVs.

Governments and local authorities are supporting this trend by providing incentives, subsidies, and infrastructure development for NGV adoption in public transportation and fleets. As these sectors continue to transition to NGVs, it fosters a positive environment for further market growth and the reduction of emissions in densely populated areas.

Integration of Renewable Natural Gas (RNG)

The integration of Renewable Natural Gas (RNG) is a noteworthy trend in the Global Automotive Natural Gas Vehicle Market. RNG, also known as biomethane, is a renewable and sustainable form of natural gas produced from organic waste sources, such as landfills, wastewater treatment plants, and agricultural residues. RNG is chemically identical to conventional natural gas but carries the environmental benefit of significantly reducing net carbon emissions.

Many NGV fleets and consumers are choosing RNG as a fuel source due to its carbon neutrality. By utilizing RNG, NGV users can achieve a closed-loop system where carbon emissions from the vehicle are offset by the reduction in emissions from the waste sources used to produce RNG. This environmental benefit aligns with sustainability goals and further enhances the green credentials of NGVs.

The integration of RNG into the NGV market is supported by incentives and policies promoting renewable fuels. NGV infrastructure is adapting to accommodate RNG, and more refueling stations are offering RNG as a fuel option alongside traditional natural gas.

Segmental Insights

Fuel Type Analysis

The global Automotive Natural Gas Vehicle Market is witnessing a remarkable surge in recent years, driven by the escalating demand for clean and sustainable fuel options in the automotive sector. With increasing environmental concerns, natural gas has emerged as a preferred fuel choice due to its significant reduction in carbon emissions compared to conventional fuel types. This shift towards natural gas as an alternative fuel is further bolstered by supportive government regulations that promote the adoption of eco-friendly fuel options for vehicles.

Moreover, the market growth is also propelled by notable advancements in Natural Gas Vehicle (NGV) technology. These advancements have not only improved the efficiency of NGVs but also made them more cost-effective, thereby attracting a wider consumer base. The development of more advanced and efficient NGV models has led to a positive ripple effect on the market, driving the adoption of natural gas vehicles across various segments.

Furthermore, the increasing availability of natural gas refueling infrastructure and the expanding network of refueling stations are contributing to the market growth. This infrastructure development is essential to meet the growing demand for natural gas vehicles and to provide convenient refueling options for NGV owners.

In conclusion, the Automotive Natural Gas Vehicle Market is experiencing robust growth due to the rising demand for clean and sustainable fuel alternatives. The combination of supportive government regulations, advancements in NGV technology, and the expanding refueling infrastructure is driving the market forward, creating opportunities for both manufacturers and consumers alike.

Vehicle Type Analysis

The global Automotive Natural Gas Vehicle Market is witnessing significant growth, driven by environmental concerns and the desire for fuel cost savings. Natural gas vehicles (NGVs) are a viable and cleaner alternative to traditional gasoline or diesel vehicles, emitting considerably fewer harmful pollutants. They operate on compressed natural gas (CNG) or liquefied natural gas (LNG), providing an economical transportation solution due to the lower cost of natural gas compared to conventional fuels. As nations worldwide strive for a greener and more sustainable future, the demand for NGVs is expected to rise, further propelling the market's expansion.

Regional Insights

Regionally, the global Automotive Natural Gas Vehicle market is dominated by Asia-Pacific, particularly China and India, due to increased environmental concerns and government initiatives encouraging the use of natural gas vehicles. Europe, with its stringent emission standards, also presents a significant market, driven by the presence of established automotive industries in Germany, France, and the UK. North America, although a smaller segment, shows promising growth, led by the U.S. government's push for cleaner and more fuel-efficient transportation alternatives.

Key Market Players

Honda Motor Co., Ltd.

Tata Motors

Nissan Motor Co., Ltd.

AB Volvo

Volkswagen AG

CNH Industrial

Navistar, Inc.

Cummins, Inc.

BMW Group

Mercedes-Benz Group AG

Report Scope:

In this report, the Global Automotive Natural Gas Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Automotive Natural Gas Vehicle Market, By Fuel Type:

  • CNG
  • LNG

Automotive Natural Gas Vehicle Market, By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

Automotive Natural Gas Vehicle Market, By Region:

  • Asia-Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Thailand
  • South Korea
  • Australia
  • Europe & CIS
  • Germany
  • Spain
  • France
  • Russia
  • Italy
  • United Kingdom
  • Belgium
  • North America
  • United States
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Turkey
  • Saudi Arabia
  • UAE

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Automotive Natural Gas Vehicle Market.

Available Customizations:

  • Global Automotive Natural Gas Vehicle Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Introduction

  • 1.1. Product Overview
  • 1.2. Key Highlights of the Report
  • 1.3. Market Coverage
  • 1.4. Market Segments Covered
  • 1.5. Research Tenure Considered

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Market Overview
  • 3.2. Market Forecast
  • 3.3. Key Regions
  • 3.4. Key Segments

4. Impact of COVID-19 on Global Automotive Natural Gas Vehicle Market

5. Global Automotive Natural Gas Vehicle Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Fuel Type Market Share Analysis (CNG, LNG)
    • 5.2.2. By Vehicle Type Market Share Analysis (Passenger Cars, Commercial Vehicles)
    • 5.2.3. By Regional Market Share Analysis
      • 5.2.3.1. Asia-Pacific Market Share Analysis
      • 5.2.3.2. Europe & CIS Market Share Analysis
      • 5.2.3.3. North America Market Share Analysis
      • 5.2.3.4. South America Market Share Analysis
      • 5.2.3.5. Middle East & Africa Market Share Analysis
    • 5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)
  • 5.3. Global Automotive Natural Gas Vehicle Market Mapping & Opportunity Assessment
    • 5.3.1. By Fuel Type Market Mapping & Opportunity Assessment
    • 5.3.2. By Vehicle Type Market Mapping & Opportunity Assessment
    • 5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Automotive Natural Gas Vehicle Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Fuel Type Market Share Analysis
    • 6.2.2. By Vehicle Type Market Share Analysis
    • 6.2.3. By Country Market Share Analysis
      • 6.2.3.1. China Market Share Analysis
      • 6.2.3.2. India Market Share Analysis
      • 6.2.3.3. Japan Market Share Analysis
      • 6.2.3.4. Indonesia Market Share Analysis
      • 6.2.3.5. Thailand Market Share Analysis
      • 6.2.3.6. South Korea Market Share Analysis
      • 6.2.3.7. Australia Market Share Analysis
      • 6.2.3.8. Rest of Asia-Pacific Market Share Analysis
  • 6.3. Asia-Pacific: Country Analysis
    • 6.3.1. China Automotive Natural Gas Vehicle Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Fuel Type Market Share Analysis
        • 6.3.1.2.2. By Vehicle Type Market Share Analysis
    • 6.3.2. India Automotive Natural Gas Vehicle Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Fuel Type Market Share Analysis
        • 6.3.2.2.2. By Vehicle Type Market Share Analysis
    • 6.3.3. Japan Automotive Natural Gas Vehicle Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Fuel Type Market Share Analysis
        • 6.3.3.2.2. By Vehicle Type Market Share Analysis
    • 6.3.4. Indonesia Automotive Natural Gas Vehicle Market Outlook
      • 6.3.4.1. Market Size & Forecast
        • 6.3.4.1.1. By Value
      • 6.3.4.2. Market Share & Forecast
        • 6.3.4.2.1. By Fuel Type Market Share Analysis
        • 6.3.4.2.2. By Vehicle Type Market Share Analysis
    • 6.3.5. Thailand Automotive Natural Gas Vehicle Market Outlook
      • 6.3.5.1. Market Size & Forecast
        • 6.3.5.1.1. By Value
      • 6.3.5.2. Market Share & Forecast
        • 6.3.5.2.1. By Fuel Type Market Share Analysis
        • 6.3.5.2.2. By Vehicle Type Market Share Analysis
    • 6.3.6. South Korea Automotive Natural Gas Vehicle Market Outlook
      • 6.3.6.1. Market Size & Forecast
        • 6.3.6.1.1. By Value
      • 6.3.6.2. Market Share & Forecast
        • 6.3.6.2.1. By Fuel Type Market Share Analysis
        • 6.3.6.2.2. By Vehicle Type Market Share Analysis
    • 6.3.7. Australia Automotive Natural Gas Vehicle Market Outlook
      • 6.3.7.1. Market Size & Forecast
        • 6.3.7.1.1. By Value
      • 6.3.7.2. Market Share & Forecast
        • 6.3.7.2.1. By Fuel Type Market Share Analysis
        • 6.3.7.2.2. By Vehicle Type Market Share Analysis

7. Europe & CIS Automotive Natural Gas Vehicle Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Fuel Type Market Share Analysis
    • 7.2.2. By Vehicle Type Market Share Analysis
    • 7.2.3. By Country Market Share Analysis
      • 7.2.3.1. Germany Market Share Analysis
      • 7.2.3.2. Spain Market Share Analysis
      • 7.2.3.3. France Market Share Analysis
      • 7.2.3.4. Russia Market Share Analysis
      • 7.2.3.5. Italy Market Share Analysis
      • 7.2.3.6. United Kingdom Market Share Analysis
      • 7.2.3.7. Belgium Market Share Analysis
      • 7.2.3.8. Rest of Europe & CIS Market Share Analysis
  • 7.3. Europe & CIS: Country Analysis
    • 7.3.1. Germany Automotive Natural Gas Vehicle Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Fuel Type Market Share Analysis
        • 7.3.1.2.2. By Vehicle Type Market Share Analysis
    • 7.3.2. Spain Automotive Natural Gas Vehicle Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Fuel Type Market Share Analysis
        • 7.3.2.2.2. By Vehicle Type Market Share Analysis
    • 7.3.3. France Automotive Natural Gas Vehicle Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Fuel Type Market Share Analysis
        • 7.3.3.2.2. By Vehicle Type Market Share Analysis
    • 7.3.4. Russia Automotive Natural Gas Vehicle Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Fuel Type Market Share Analysis
        • 7.3.4.2.2. By Vehicle Type Market Share Analysis
    • 7.3.5. Italy Automotive Natural Gas Vehicle Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Fuel Type Market Share Analysis
        • 7.3.5.2.2. By Vehicle Type Market Share Analysis
    • 7.3.6. United Kingdom Automotive Natural Gas Vehicle Market Outlook
      • 7.3.6.1. Market Size & Forecast
        • 7.3.6.1.1. By Value
      • 7.3.6.2. Market Share & Forecast
        • 7.3.6.2.1. By Fuel Type Market Share Analysis
        • 7.3.6.2.2. By Vehicle Type Market Share Analysis
    • 7.3.7. Belgium Automotive Natural Gas Vehicle Market Outlook
      • 7.3.7.1. Market Size & Forecast
        • 7.3.7.1.1. By Value
      • 7.3.7.2. Market Share & Forecast
        • 7.3.7.2.1. By Fuel Type Market Share Analysis
        • 7.3.7.2.2. By Vehicle Type Market Share Analysis

8. North America Automotive Natural Gas Vehicle Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Fuel Type Market Share Analysis
    • 8.2.2. By Vehicle Type Market Share Analysis
    • 8.2.3. By Country Market Share Analysis
      • 8.2.3.1. United States Market Share Analysis
      • 8.2.3.2. Mexico Market Share Analysis
      • 8.2.3.3. Canada Market Share Analysis
  • 8.3. North America: Country Analysis
    • 8.3.1. United States Automotive Natural Gas Vehicle Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Fuel Type Market Share Analysis
        • 8.3.1.2.2. By Vehicle Type Market Share Analysis
    • 8.3.2. Mexico Automotive Natural Gas Vehicle Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Fuel Type Market Share Analysis
        • 8.3.2.2.2. By Vehicle Type Market Share Analysis
    • 8.3.3. Canada Automotive Natural Gas Vehicle Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Fuel Type Market Share Analysis
        • 8.3.3.2.2. By Vehicle Type Market Share Analysis

9. South America Automotive Natural Gas Vehicle Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Fuel Type Market Share Analysis
    • 9.2.2. By Vehicle Type Market Share Analysis
    • 9.2.3. By Country Market Share Analysis
      • 9.2.3.1. Brazil Market Share Analysis
      • 9.2.3.2. Argentina Market Share Analysis
      • 9.2.3.3. Colombia Market Share Analysis
      • 9.2.3.4. Rest of South America Market Share Analysis
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Automotive Natural Gas Vehicle Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Fuel Type Market Share Analysis
        • 9.3.1.2.2. By Vehicle Type Market Share Analysis
    • 9.3.2. Colombia Automotive Natural Gas Vehicle Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Fuel Type Market Share Analysis
        • 9.3.2.2.2. By Vehicle Type Market Share Analysis
    • 9.3.3. Argentina Automotive Natural Gas Vehicle Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Fuel Type Market Share Analysis
        • 9.3.3.2.2. By Vehicle Type Market Share Analysis

10. Middle East & Africa Automotive Natural Gas Vehicle Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Fuel Type Market Share Analysis
    • 10.2.2. By Vehicle Type Market Share Analysis
    • 10.2.3. By Country Market Share Analysis
      • 10.2.3.1. South Africa Market Share Analysis
      • 10.2.3.2. Turkey Market Share Analysis
      • 10.2.3.3. Saudi Arabia Market Share Analysis
      • 10.2.3.4. UAE Market Share Analysis
      • 10.2.3.5. Rest of Middle East & Africa Market Share Analysis
  • 10.3. Middle East & Africa: Country Analysis
    • 10.3.1. South Africa Automotive Natural Gas Vehicle Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Fuel Type Market Share Analysis
        • 10.3.1.2.2. By Vehicle Type Market Share Analysis
    • 10.3.2. Turkey Automotive Natural Gas Vehicle Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Fuel Type Market Share Analysis
        • 10.3.2.2.2. By Vehicle Type Market Share Analysis
    • 10.3.3. Saudi Arabia Automotive Natural Gas Vehicle Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Fuel Type Market Share Analysis
        • 10.3.3.2.2. By Vehicle Type Market Share Analysis
    • 10.3.4. UAE Automotive Natural Gas Vehicle Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Fuel Type Market Share Analysis
        • 10.3.4.2.2. By Vehicle Type Market Share Analysis

11. SWOT Analysis

  • 11.1. Strength
  • 11.2. Weakness
  • 11.3. Opportunities
  • 11.4. Threats

12. Market Dynamics

  • 12.1. Market Drivers
  • 12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

  • 14.1. Company Profiles (Up to 10 Major Companies)
    • 14.1.1. Mercedes-Benz Group AG
      • 14.1.1.1. Company Details
      • 14.1.1.2. Key Product Offered
      • 14.1.1.3. Financials (As Per Availability)
      • 14.1.1.4. Recent Developments
      • 14.1.1.5. Key Management Personnel
    • 14.1.2. Honda Motor Co., Ltd.
      • 14.1.2.1. Company Details
      • 14.1.2.2. Key Product Offered
      • 14.1.2.3. Financials (As Per Availability)
      • 14.1.2.4. Recent Developments
      • 14.1.2.5. Key Management Personnel
    • 14.1.3. Tata Motors
      • 14.1.3.1. Company Details
      • 14.1.3.2. Key Product Offered
      • 14.1.3.3. Financials (As Per Availability)
      • 14.1.3.4. Recent Developments
      • 14.1.3.5. Key Management Personnel
    • 14.1.4. Nissan Motor Co., Ltd.
      • 14.1.4.1. Company Details
      • 14.1.4.2. Key Product Offered
      • 14.1.4.3. Financials (As Per Availability)
      • 14.1.4.4. Recent Developments
      • 14.1.4.5. Key Management Personnel
    • 14.1.5. AB Volvo
      • 14.1.5.1. Company Details
      • 14.1.5.2. Key Product Offered
      • 14.1.5.3. Financials (As Per Availability)
      • 14.1.5.4. Recent Developments
      • 14.1.5.5. Key Management Personnel
    • 14.1.6. Volkswagen AG
      • 14.1.6.1. Company Details
      • 14.1.6.2. Key Product Offered
      • 14.1.6.3. Financials (As Per Availability)
      • 14.1.6.4. Recent Developments
      • 14.1.6.5. Key Management Personnel
    • 14.1.7. CNH Industrial
      • 14.1.7.1. Company Details
      • 14.1.7.2. Key Product Offered
      • 14.1.7.3. Financials (As Per Availability)
      • 14.1.7.4. Recent Developments
      • 14.1.7.5. Key Management Personnel
    • 14.1.8. Navistar, Inc.
      • 14.1.8.1. Company Details
      • 14.1.8.2. Key Product Offered
      • 14.1.8.3. Financials (As Per Availability)
      • 14.1.8.4. Recent Developments
      • 14.1.8.5. Key Management Personnel
    • 14.1.9. Cummins, Inc.
      • 14.1.9.1. Company Details
      • 14.1.9.2. Key Product Offered
      • 14.1.9.3. Financials (As Per Availability)
      • 14.1.9.4. Recent Developments
      • 14.1.9.5. Key Management Personnel
    • 14.1.10. BMW Group
      • 14.1.10.1. Company Details
      • 14.1.10.2. Key Product Offered
      • 14.1.10.3. Financials (As Per Availability)
      • 14.1.10.4. Recent Developments
      • 14.1.10.5. Key Management Personnel

15. Strategic Recommendations

  • 15.1. Key Focus Areas
    • 15.1.1. Target Regions
    • 15.1.2. Target Fuel Type
    • 15.1.3. Target Vehicle Type

16. About Us & Disclaimer