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Global Compressed Natural Gas (CNG) Vehicles Market 2017-2021

Global Compressed Natural Gas (CNG) Vehicles Market 2017-2021

About Compressed Natural Gas (CNG) Vehicles

CNG vehicles: CNG is a fuel that is used as a substitute for gasoline, diesel, and liquified petroleum gas (LPG). It is s lighter than air and disperses quickly when released. It is mainly used in motor vehicles and locomotives.

Technavio’s analysts forecast the global compressed natural gas (CNG) vehicles market to grow at a CAGR of 4.9% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global compressed natural gas (CNG) vehicles market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, and volume of the aftermarket.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Compressed Natural Gas (CNG) Vehicles 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 discussion of the key vendors operating in this market.

Key vendors
  • Ford Motor
  • Volkswagen
  • General Motors (GM)
  • Honda Motor
  • Nissan
Other prominent vendors
  • Audi
  • Chevrolet
Market driver
  • Growth in CNG market in APAC
  • For a full, detailed list, view our report
Market challenge
  • Huge unorganized aftermarket for CNG vehicles in India
  • For a full, detailed list, view our report
Market trend
  • Growing use of CNG in luxury vehicles
  • For a full, detailed list, view our 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Compressed Natural Gas (CNG) Vehicles Market 2017-2021

Technavio recognizes the following companies as the key players in the global compressed natural gas (CNG) vehicles market: Ford Motor, Volkswagen, General Motors (GM), Honda Motor, and Nissan

Other Prominent Vendors in the market are: Audi and Chevrolet.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing use of CNG in luxury vehicles. The adoption of CNG in the luxury vehicles segment is high. In 2017, Audi offers A4 Avant g-tron, which can be run on CNG or gasoline. Audi A4 Avant g-tron is equipped with 2.0 turbo fuel stratified injection (TFSI) engine, producing 170 HP power, generating a maximum torque of 270 Nm. Audi has altered the pistons and valves of the model, specifically for gas operation, and to provide very low compression ration adequate for CNG vehicles.”

According to the report, one of the major drivers for this market is growth in CNG market in APAC. The demand for diesel in China has declined since 2014, and there is an increasing demand for CNG and LNG powered vehicles in China. In 2013, there were approximately 250,000 NGVs in the commercial industry, mainly confined to heavy duty trucks and commercial buses.

Further, the report states that one of the major factors hindering the growth of this market is huge unorganized aftermarket for CNG vehicles in India. The aftermarket for CNG kits is a highly unorganized sector. In June 2016, the government of Delhi imposed a temporary ban on the endorsement of retrofitted CNG in passenger cars. After this interim court order, the Department of Transport in Delhi banned retrofitting of CNG conversion kits in used cars mainly due to safety related concerns. The State Transport of Delhi demanded that CNG vehicles, which are available in the aftermarket to be certified by authenticated authorities. CNG is a highly inflammable fuel, and the kits were deemed unsafe to be used in cars.



Companies Mentioned

Ford Motor, Volkswagen, General Motors (GM), Honda Motor, Nissan, Audi and Chevrolet.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Classification of CNG vehicles
      • Table Key benefits of CNG-powered vehicles
  • Market landscape
    • Market overview
      • Table Segmentation of global CNG vehicles market
    • Market size and forecast
      • Table Global CNG vehicles market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global CNG vehicles market by application in 2016
    • Global CNG vehicles market by passenger cars
      • Table Global CNG vehicles market by passenger cars 2016-2021 (thousands of units)
    • Global CNG vehicles market by three-wheelers
      • Table Global CNG vehicles market by three-wheelers 2016-2021 (thousands of units)
    • Global CNG vehicles market by M&HCV buses
      • Table Global CNG vehicles market by M&HCV buses 2016-2021 (thousands of units)
  • Geographical segmentation
    • Global CNG vehicles market by geography
      • Table Global CNG vehicles market by geography 2016
    • CNG vehicles market in EMEA
      • Table CNG vehicles market in EMEA 2016-2021 (thousands of units)
    • CNG vehicles market in APAC
      • Table CNG vehicles market in APAC 2016-2021 (thousands of units)
    • CNG vehicles market in Americas
      • Table CNG vehicles market in Americas 2016-2021 (thousands of units)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Ford Motor
      • Table Business segmentation by revenue 2016
      • Table Geographical segmentation by revenue 2016
      • Table Product portfolio
    • Volkswagen
      • Table Business segmentation by revenue 2016
      • Table Geographical segmentation by revenue 2016
      • Table Product portfolio
    • General Motors (GM)
      • Table Business segmentation by revenue 2016
      • Table Geographical segmentation by revenue 2016
      • Table Product portfolio
    • Recent developments
    • Honda Motor
      • Table Business segmentation by revenue 2016
      • Table Geographical segmentation by revenue 2016
      • Table Product portfolio
    • Nissan
      • Table Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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