Automotive Natural Gas Vehicle (NGV) Market Size, Share & Trends Analysis Report By Fuel Type (CNG, LNG), By Vehicle Type (Passenger Vehicles, Light Duty & Heavy Duty Vehicles), And Segment Forecasts, 2018 - 2025

Published: Sep, 2018 | Pages: 110 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global automotive NGV market demand is projected to reach 31,000.1 thousand units by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 3.0% during the forecast period. The transportation sector across the world is adopting natural gas as a fuel for vehicles. Incumbents of the sector have realized that vehicles operating on conventional fuels, such as diesel and gasoline, are causing pollution and emitting greenhouse gases on a large scale. The adoption of advanced technologies in engines is turning out to be of paramount importance in order to reduce emissions. These technologies include use of alternative fuels, such as CNG, LNG, hydrogen, and electricity.

Need for alternative fuel technology in the transportation sector is prompting incumbents to adopt LNG vehicles for their operations. Subsequently, the automotive LNG vehicle segment is likely to witness strong growth in line with rising interest from the transportation sector, especially the trucking sector.

Rising emissions of greenhouse gases and particulate matter (PM) from diesel and gasoline vehicles are causing the air quality all around the globe to deteriorate, thus affecting people's health. PM and greenhouse gases lead to smog that might cause lung diseases, such as asthma, chronic bronchitis, and emphysema, along with other health issues.

Deteriorating air quality in China is compelling the government to put in place stringent regulations and initiatives aimed at moving toward zero-emissions vehicles. Therefore, the demand for natural gas is rising in the country. According to the U.S. Energy Information Administration (EIA), China emerged as the world's second-largest importer of LNG as of December 2017, mainly driven by spiraling adoption of LNG by the nation's trucking industry.

Modern technologies have continuously emerged through dedicated collaborative R&D centers or manufacturers' independent technology centers; where researchers focus on building optimal solutions for their NGV customers. Governments across the globe are taking initiatives and investing significant resources to improve natural gas technologies.

Further key findings from the report suggest:

• Stringent regulations, laid down by governments of various nations, to reduce emissions of greenhouse gases and particulate matter are expected to positively influence market growth over the forecast period

• Refueling solutions such as home refueling and time-fill refueling prove to be economic along with providing convenience to customers

• There is an increase in the adoption of natural gas for different applications across various industries owing to stringent government regulations regarding greenhouse gas emissions and environmental protection

• Asia Pacific dominated the market in 2017 and is anticipated to progress at the highest CAGR over the forecast period

• Some of the key players in the market are AB Volvo; Cummins, Inc.; Beiqi Foton Motor Co., Ltd.; Navistar, Inc.; PACCAR, Inc.; and Westport Fuel Systems Inc.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope & Assumptions
                 1.3 List of Data Sources

Chapter 2 Executive Summary
                 2.1 Automotive NGV - Industry Snapshot & Key Buying Criteria, 2014 - 2025

Chapter 3 Industry Outlook
                 3.1 Market Segmentation & Scope
                 3.2 Penetration and Growth Prospect Mapping
                 3.3 Automotive NGV - Value Chain Analysis
                 3.4 Market Dynamics
                     3.4.1 Market driver analysis
                         3.4.1.1 Fuel cost efficiency over petroleum-based fuels
                         3.4.1.2 Environmental security
                         3.4.1.3 Increasing government regulations and initiatives
                         3.4.1.4 Growing applications of natural gas
                     3.4.2 Market restraint analysis
                         3.4.2.1 High costs and slow growth of infrastructure
                     3.4.3 Market challenge analysis
                         3.4.3.1 Emergence of electric vehicles
                 3.5 Industry Analysis - Porter's
                 3.6 Automotive NGV Market - Company Analysis
                     3.6.1 Key company analysis, 2017
                 3.7 Automotive NGV - PEST Analysis
                 3.8 Automotive NGV: Policies
                     3.8.1 North America
                     3.8.2 Europe
                     3.8.3 Asia Pacific
                 3.9 Automotive NGV: Engine Types
                 3.10 Automotive NGV Refueling Infrastructure Trends
                     3.10.1 Type of Refueling
                     3.10.2 Business Model
                         3.10.2.1 Fleet or End-User Ownership
                         3.10.2.2 Local Distribution Company (LDC) Ownership
                         3.10.2.3 Third-Party or Commercial Ownership
                     3.10.3 Safety and Code Requirements
                     3.10.4 Site Selection Criteria

Chapter 4 Automotive NGV Market: Fuel Type Estimates & Trend Analysis
                 4.1 Automotive NGV Market: Fuel Type Movement Analysis
                     4.1.1 CNG
                     4.1.2 LNG

Chapter 5 Automotive NGV Market: Vehicle Type Estimates & Trend Analysis
                 5.1 Automotive NGV Market: Vehicle Type Movement Analysis
                     5.1.1 Passenger Vehicles
                     5.1.2 Light-Duty & Heavy-Duty Buses and Trucks
                     5.1.3 Three-wheelers

Chapter 6 Automotive NGV Market: Regional Estimates & Trend Analysis
                 6.1 Automotive NGV Market: Regional Movement Analysis
                 6.2 North America
                     6.2.1 North America marketplace: Key takeaways
                     6.2.2 North America automotive NGV market, 2014 - 2025
                         6.2.2.1 U.S. automotive NGV market, 2014 - 2025
                         6.2.2.2 Canada automotive NGV market, 2014 - 2025
                         6.2.2.3 Mexico automotive NGV market, 2014 - 2025
                 6.3 Europe
                     6.3.1 Europe marketplace: Key takeaways
                     6.3.2 Europe automotive NGV market, 2014 - 2025
                         6.3.2.1 Germany automotive NGV market, 2014 - 2025
                         6.3.2.2 Russia automotive NGV market, 2014 - 2025
                         6.3.2.3 France automotive NGV market, 2014 - 2025
                         6.3.2.4 Sweden automotive NGV market, 2014 - 2025
                 6.4 Asia Pacific
                     6.4.1 Asia Pacific marketplace: Key takeaways
                     6.4.2 Asia Pacific automotive NGV market, 2014 - 2025
                         6.4.2.1 China automotive NGV market, 2014 - 2025
                         6.4.2.2 India automotive NGV market, 2014 - 2025
                         6.4.2.3 Bangladesh automotive NGV market, 2014 - 2025
                         6.4.2.4 Thailand automotive NGV market, 2014 - 2025
                 6.5 South America
                     6.5.1 South America marketplace: Key takeaways
                     6.5.2 South America automotive NGV market, 2014 - 2025
                         6.5.2.1 Brazil automotive NGV market, 2014 - 2025
                 6.6 MEA
                     6.6.1 MEA marketplace: Key takeaways
                     6.6.2 MEA automotive NGV market, 2014 - 2025

Chapter 7 Competitive Landscape
                 7.1 Company Profiles
                 7.2 Agility 
                     7.2.1 Company overview
                     7.2.2 Product benchmarking
                     7.2.3 Recent developments
                 7.3 AB Volvo
                     7.3.1 Company overview
                     7.3.2 Financial performance
                     7.3.3 Product benchmarking
                     7.3.4 Recent developments
                 7.4 Beiqi Foton Motor Co., Ltd. 
                     7.4.1 Company overview
                     7.4.2 Product benchmarking
                     7.4.3 Recent developments
                 7.5 CNH Industrial N.V.
                     7.5.1 Company overview
                     7.5.2 Financial performance
                     7.5.3 Product benchmarking
                     7.5.4 Recent developments
                 7.6 Clean Energy Fuels
                     7.6.1 Company overview
                     7.6.2 Financial performance
                     7.6.3 Product benchmarking
                     7.6.4 Recent developments
                 7.7 Cummins, Inc.
                     7.7.1 Company overview
                     7.7.2 Financial performance
                     7.7.3 Product benchmarking
                     7.7.4 Recent developments
                 7.8 PACCAR, Inc.
                     7.8.1 Company overview
                     7.8.2 Financial performance
                     7.8.3 Product benchmarking
                     7.8.4 Recent developments
                 7.9 Navistar, Inc.
                     7.9.1 Company overview
                     7.9.2 Financial performance
                     7.9.3 Product benchmarking
                     7.9.4 Recent developments
                 7.10 Quantum Fuel Systems LLC
                     7.10.1 Company overview
                     7.10.2 Product benchmarking
                     7.10.3 Recent developments
                 7.11 Westport Fuel Systems Inc.
                     7.11.1 Company overview
                     7.11.2 Financial performance
                     7.11.3 Product benchmarking
                     7.11.4 Recent developments

List of Tables

TABLE 1 Automotive NGV - Industry snapshot & critical success factor, 2014 - 2025
TABLE 2 Global natural gas vehicle market, 2014 - 2025 (Thousand Units)
TABLE 3 Global automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 4 Global automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 5 Methane emission reductions through the Natural Gas STAR Program (Billion Cubic Feet)
TABLE 6 Automotive NGV market, by CNG, 2014 - 2025 (Thousand Units)
TABLE 7 Automotive NGV market, by LNG, 2014 - 2025 (Thousand Units)
TABLE 8 Automotive NGV market, by passenger vehicles, 2014 - 2025 (Thousand Units)
TABLE 9 Automotive NGV market, by light - duty & heavy - duty buses and trucks, 2014 - 2025 (Thousand Units)
TABLE 10 Automotive NGV market by three - wheelers, 2014 - 2025 (Thousand Units)
TABLE 11 North America automotive NGV market, 2014 - 2025 (Thousand Units)
TABLE 12 North America automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 13 North America automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 14 U.S. automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 15 U.S. automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 16 Canada automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 17 Canada automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 18 Mexico automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 19 Mexico automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 20 Europe automotive NGV market, 2014 - 2025 (Thousand Units)
TABLE 21 Europe automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 22 Europe automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 23 Germany automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 24 Germany automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 25 Russia automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 26 Russia automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 27 France automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 28 France automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 29 Sweden automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 30 Sweden automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 31 Asia Pacific automotive NGV market, 2014 - 2025 (Thousand Units)
TABLE 32 Asia Pacific automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 33 Asia Pacific automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 34 China automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 35 China automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 36 India automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 37 India automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 38 Bangladesh automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 39 Bangladesh automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 40 Thailand automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 41 Thailand automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 42 South America automotive NGV market, 2014 - 2025 (Thousand Units)
TABLE 43 South America automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 44 South America automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 45 Brazil automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 46 Brazil automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)
TABLE 47 MEA automotive NGV market, 2014 - 2025 (Thousand Units)
TABLE 48 MEA automotive NGV market, by fuel type, 2014 - 2025 (Thousand Units)
TABLE 49 MEA automotive NGV market, by vehicle type, 2014 - 2025 (Thousand Units)

List of Figures

FIG. 1 Market segmentation & scope
FIG. 2 Penetration and growth prospect mapping (Thousand Units)
FIG. 3 Automotive NGV - Value Chain Analysis
FIG. 4 Market dynamics
FIG. 5 OPEC spare production capacity and West Texas Intermediate (WTI) crude oil prices (2001 - 2017)
FIG. 6 Price of natural gas in the U.S. (2000 - 2017)
FIG. 7 Price of diesel and gasoline in the U.S. (2000 - 2017)
FIG. 8 Pounds of CO2 emitted per million British thermal units (Btu) of energy
FIG. 9 Number of natural gas vehicles across the globe in millions (2001 - 2017)
FIG. 10 Natural gas fueling stations (2007 - 2017)
FIG. 11 Electric charging plugs around the U.S. (2011 - 2016)
FIG. 12 Porter's five forces analysis
FIG. 13 Automotive NGV - Key company analysis, 2017
FIG. 14 Automotive NGV - PEST analysis
FIG. 15 Automotive NGV market: Fuel type movement analysis
FIG. 16 Automotive NGV market: Vehicle type movement analysis
FIG. 17 Regional marketplace: Key takeaways
FIG. 18 Regional outlook, 2017 & 2025
FIG. 19 North America marketplace: Key takeaways
FIG. 20 Europe marketplace: Key takeaways
FIG. 21 Asia Pacific marketplace: Key takeaways
FIG. 22 South America marketplace: Key takeaways
FIG. 23 MEA marketplace: Key takeaways