CNG & LPG Vehicle Market Analysis and Forecast to 2032: By Vehicle Body Type (Passenger Cars, Three-wheelers, and Commercial Vehicles), Fuel Type (CNG and LPG), Kit type (Venturi and Sequential), Fitting (OEMs and Aftermarket), and Region

CNG and LPG are both gases that are used as fuel for vehicles. CNG is compressed natural gas and LPG is liquefied petroleum gas. Both of these gases are cheaper than gasoline and diesel, and they emit less pollution. CNG is typically used in heavier vehicles such as buses, while LPG is used in lighter vehicles such as cars.

Key Trends

CNG and LPG vehicles are becoming increasingly popular due to their environmental and economic benefits. Natural gas is a cleaner burning fuel than gasoline or diesel, and it is also cheaper. LPG is also a cleaner burning fuel than gasoline or diesel, but it is more expensive.

CNG vehicles have been around for many years, but their popularity has increased in recent years due to the environmental benefits. CNG produces significantly less emissions than gasoline or diesel, and it is also cheaper.

LPG vehicles are newer than CNG vehicles, but they are becoming more popular due to their environmental benefits. LPG produces significantly less emissions than gasoline or diesel, and it is also more expensive.

Key Drivers

The key drivers of the CNG & LPG Vehicle market are the rising prices of petrol and diesel, the environmental concerns associated with the use of these fuels, and the availability of CNG & LPG at a lower cost.

CNG & LPG are cheaper than petrol and diesel, and this is one of the main reasons why drivers are opting for these fuels. CNG is available at a price of Rs.30 per kg in Delhi, while the price of petrol is Rs.70 per litre. This makes CNG & LPG a more attractive option for drivers.

Environmental concerns are also a key driver of the CNG & LPG Vehicle market. These fuels emit less pollution than petrol and diesel, and this is a major reason why drivers are choosing them over other fuels.

The availability of CNG & LPG is also a key driver of the market. These fuels are available in many parts of the country, and this makes them a more convenient option for drivers.

Restraints & Challenges

The key restraints and challenges in the CNG & LPG Vehicle market are as follows:

1. Lack of CNG & LPG refueling stations: One of the key restraints for the growth of CNG & LPG vehicles is the lack of CNG & LPG refueling stations. There are very few CNG & LPG refueling stations compared to petrol & diesel refueling stations, which limits the growth of CNG & LPG vehicles.

2. High initial cost: Another key restraint for the growth of CNG & LPG vehicles is the high initial cost. CNG & LPG vehicles are more expensive than petrol & diesel vehicles, which limits their adoption.

Market Segments:

The CNG & LPG Vehicle Market is segmented by vehicle body type, fuel type, kit type, fitting and region. By vehicle body type, the market is divided into passenger cars, three-wheelers, and commercial vehicles. Based on fuel type, it is segmented into CNG and LPG. On the basis of kit type, the market is divided into venturi & sequential. By fitting, it is divided into OEMs & aftermarket. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Market Players:

The CNG & LPG Vehicle Market includes players such as Hyundai Motor Company, Suzuki Motor Corporation, Nissan Motor Co. Ltd. , Volkswagen AG, Honda Motor Company, Ford Motor Company, Venchurs, Westport, Fiat S.P.A and Landi Renzo.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. CNG & LPG Vehicle Market Outlook
3.1. CNG & LPG Vehicle Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the CNG & LPG Vehicle Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the CNG & LPG Vehicle Market
4.3. Economic Impact Analysis

Chapter 5. CNG & LPG Vehicle Market by Vehicle Body Type
5.1. Market Overview
5.2. Passenger Vehicles
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Commercial Vehicles
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Three-wheelers
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. CNG & LPG Vehicle Market by Fuel Type
6.1. Market Overview
6.2. CNG
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. LPG
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. CNG & LPG Vehicle Market by Kit Type
7.1. Market Overview
7.2. Venturi
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Sequential
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. CNG & LPG Vehicle Market by Fitting
8.1. Market Overview
8.2. OEM/Factory-fitted
8.2.1. Market Size and Forecast, 2021-2031 ($Million)
8.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
8.3. Aftermarket
8.3.1. Market Size and Forecast, 2021-2031 ($Million)
8.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 9. CNG & LPG Vehicle Market, by Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends and Opportunities
9.2.2. North America CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.2.3. North America CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.2.4. North America CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.2.5. North America CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.2.6. North America CNG & LPG Vehicle Market Size and Forecast by Country, 2021-2031, ($Million)
9.2.7. The U.S.
9.2.7.1. The U.S. CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.2.7.2. The U.S. CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.2.7.3. The U.S. CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.2.7.4. The U.S. CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.2.8. Canada
9.2.8.1. Canada CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.2.8.2. Canada CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.2.8.3. Canada CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.2.8.4. Canada CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.2.9. Mexico
9.2.9.1. Mexico CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.2.9.2. Mexico CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.2.9.3. Mexico CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.2.9.4. Mexico CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.3. Europe
9.3.1. Key Market Trends and Opportunities
9.3.2. Europe CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.3.3. Europe CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.3.4. Europe CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.3.5. Europe CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.3.6. Europe CNG & LPG Vehicle Market Size and Forecast by Country, 2021-2031, ($Million)
9.3.7. Germany
9.3.7.1. Germany CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.3.7.2. Germany CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.3.7.3. Germany CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.3.7.4. Germany CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.3.8. France
9.3.8.1. France CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.3.8.2. France CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.3.8.3. France CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.3.8.4. France CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.3.9. U.K.
9.3.9.1. U.K. CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.3.9.2. U.K. CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.3.9.3. U.K. CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.3.9.4. U.K. CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.3.10. Spain
9.3.10.1. Spain CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.3.10.2. Spain CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.3.10.3. Spain CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.3.10.4. Spain CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.3.11. Italy
9.3.11.1. Italy CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.3.11.2. Italy CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.3.11.3. Italy CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.3.11.4. Italy CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.3.12. Rest of Europe
9.3.12.1. Rest of Europe CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.3.12.2. Rest of Europe CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.3.12.3. Rest of Europe CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.3.12.4. Rest of Europe CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.4. Asia-Pacific
9.4.1. Key Market Trends and Opportunities
9.4.2. Asia-Pacific CNG & LPG Vehicle Market Size and Forecast by Country, 2021-2031, ($Million)
9.4.3. Asia-Pacific CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.4.4. Asia-Pacific CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.4.5. Asia-Pacific CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.4.6. Asia-Pacific CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.4.7. China
9.4.7.1. China CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.4.7.2. China CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.4.7.3. China CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.4.7.4. China CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.4.8. India
9.4.8.1. India CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.4.8.2. India CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.4.8.3. India CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.4.8.4. India CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.4.9. Japan
9.4.9.1. Japan CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.4.9.2. Japan CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.4.9.3. Japan CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.4.9.4. Japan CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.4.10. South Korea
9.4.10.1. South Korea CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.4.10.2. South Korea CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.4.10.3. South Korea CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.4.10.4. South Korea CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.4.11. Rest of APAC
9.4.11.1. Rest of APAC CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.4.11.2. Rest of APAC CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.4.11.3. Rest of APAC CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.4.11.4. Rest of APAC CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.5. Rest of the World
9.5.1. Key Market Trends and Opportunities
9.5.2. Rest of the World CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.5.3. Rest of the World CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.5.4. Rest of the World CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.5.5. Rest of the World CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.5.6. Rest of the World CNG & LPG Vehicle Market Size and Forecast by Country, 2021-2031, ($Million)
9.5.7. Latin America
9.5.7.1. Latin America CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.5.7.2. Latin America CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.5.7.3. Latin America CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.5.7.4. Latin America CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.5.8. Middle East
9.5.8.1. Middle East CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.5.8.2. Middle East CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.5.8.3. Middle East CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.5.8.4. Middle East CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)
9.5.9. Africa
9.5.9.1. Africa CNG & LPG Vehicle Market Size and Forecast by Vehicle Body Type, 2021-2031, ($Million)
9.5.9.2. Africa CNG & LPG Vehicle Market Size and Forecast by Fuel Type, 2021-2031, ($Million)
9.5.9.3. Africa CNG & LPG Vehicle Market Size and Forecast by Kit Type, 2021-2031, ($Million)
9.5.9.4. Africa CNG & LPG Vehicle Market Size and Forecast by Fitting, 2021-2031, ($Million)

Chapter 10. Competitive Landscape
10.1. Market Overview
10.2. Market Share Analysis/Key Player Positioning
10.3. Developmental Strategy Benchmarking
10.3.1. New Product Development
10.3.2. Product Launches
10.3.3. Business Expansions
10.3.4. Partnerships, Joint Ventures, and Collaborations
10.3.5. Mergers and Acquisitions

Chapter 11. Company Profiles
11.1. Hyundai Motor Company
11.1.1. Company Snapshot
11.1.2. Financial Performance
11.1.3. Product Offerings
11.1.4. Key Strategic Initiatives
11.1.5. SWOT Analysis
11.2. Suzuki Motor Corporation
11.2.1. Company Snapshot
11.2.2. Financial Performance
11.2.3. Product offerings
11.2.4. Key Strategic Initiatives
11.2.5. SWOT Analysis
11.3. Nissan Motor Co., Ltd.
11.3.1. Company Snapshot
11.3.2. Financial Performance
11.3.3. Product offerings
11.3.4. Key Strategic Initiatives
11.3.5. SWOT Analysis
11.4. Volkswagen AG
11.4.1. Company Snapshot
11.4.2. Financial Performance
11.4.3. Product offerings
11.4.4. Key Strategic Initiatives
11.4.5. SWOT Analysis
11.5. Honda Motor Company
11.5.1. Company Snapshot
11.5.2. Financial Performance
11.5.3. Product offerings
11.5.4. Key Strategic Initiatives
11.5.5. SWOT Analysis
11.6. Ford Motor Company
11.6.1. Company Snapshot
11.6.2. Financial Performance
11.6.3. Product offerings
11.6.4. Key Strategic Initiatives
11.6.5. SWOT Analysis
11.7. Venchurs
11.7.1. Company Snapshot
11.7.2. Financial Performance
11.7.3. Product offerings
11.7.4. Key Strategic Initiatives
11.7.5. SWOT Analysis
11.8. Westport
11.8.1. Company Snapshot
11.8.2. Financial Performance
11.8.3. Product offerings
11.8.4. Key Strategic Initiatives
11.8.5. SWOT Analysis
11.9. Fiat S.P.A
11.9.1. Company Snapshot
11.9.2. Financial Performance
11.9.3. Product offerings
11.9.4. Key Strategic Initiatives
11.9.5. SWOT Analysis
11.10. Landi Renzo
11.10.1. Company Snapshot
11.10.2. Financial Performance
11.10.3. Product offerings
11.10.4. Key Strategic Initiatives
11.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report

 

 

 

Key Market Players:
  • Hyundai Motor Company
  • Suzuki Motor Corporation
  • Nissan Motor Co., Ltd.
  • Volkswagen AG
  • Honda Motor Company
  • Ford Motor Company
  • Venchurs
  • Westport
  • Fiat S.P.A
  • Landi Renzo

Market Segments:

By Vehicle Body Type:

  • Passenger Vehicles
  • Commercial Vehicles
  • Three-wheelers

By Fuel Type:

  • CNG
  • LPG

By Kit Type:

  • Venturi
  • Sequential

By Fitting:

  • OEM/Factory-fitted
  • Aftermarket

By Region:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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