Automotive Natural Gas Vehicle Market worth 418,889 Units by 2019 – Report by MarketsandMarkets

Share Article

Automotive Natural Gas Vehicle Market research report suggests that environmental legislation and the development of refueling infrastructure are expected to be the major driving factors for the market. Compressed Natural Gas (CNG) commercial vehicles are expected to lead the industry by a massive margin in comparison with the LNG commercial vehicles. (



Key players in this market are Dongfeng Motors Group Limited, AB Volvo, Beiqi Foton Motors Group Limited, Shaanxi Automobile Group Company Limited, Daimler AG, and CNH Industrial(Iveco).

The report “Automotive Natural Gas Vehicle Market Analysis for Commercial Vehicles (by Fuel Type Vehicle Type & Geography) - Industry Trends & Forecast to 2019”, defines the global market for a detailed trends analysis and volume forecasts.

Browse 80 market data tables and 66 figures spread through 149 pages and an in-depth TOC on "Automotive Natural Gas Vehicle Market Analysis for Commercial Vehicles by Fuel Type (CNG & LNG), by Vehicle Type (Medium Duty & Heavy Duty) & by Geography (Asia-Oceania, Europe, Americas, RoW (Rest of the World)) - Industry Trends & Forecast to 2019"

Early buyers will receive 10% customization on this report.

Get Customization Report @

Asia-Oceania: Potentially growing market for CNG and LNG commercial vehicles

Asia-Oceania includes both developing countries, such as China and India and well developed countries such as South Korea. The large population, increased industrialization activities, and the recent infrastructure developments are the main factors driving the demand for trucks and buses in this region. According to the report, a significant portion of this demand is met by the commercial vehicles running on natural gas fuels.

Europe: Market for retrofitted vehicles

The European market is dominated by retrofitted vehicles due to the adoption of natural gas in trucks and buses running in Russia and Ukraine. These countries play a major role in the overall natural gas vehicle parc in the European as well as the global industry. According to the report, the increasing application of natural gas in trucks and buses is the reason behind the new natural gas vehicle model line-up by major OEMs operating in this region. The report expects other factors such as government subsidies, policies, fuel price, availability of resources, and environmental benefits to act as the drivers for this growth.

Americas: Developing fueling infrastructure is the main growth driver

In Americas, Colombia and U.S. are the main markets for the CNG powered trucks and buses which are growing along with the number of refueling stations. As per the report, fleet owners and governments are facing challenges due to rising oil prices and the adverse effects of emission gases caused by diesel-powered trucks on the environment. The stringent emission norms laid down by regulatory bodies in the developed countries are expected to be one of the key reasons behind the growing number of natural gas commercial vehicles. CNG is widely adopted in Colombia and U.S. and it is expected to witness high growth due to the low costs and environmental benefits. Also, according to the report, growing LNG fuelling infrastructure and network is expected to help the LNG operated commercial vehicles to have a significant share in the global market during near future.

The report covers the CNG and LNG commercial vehicles market in terms of volume across the regions, such as Asia-Oceania, Europe, Americas, and the Rest of the World (RoW). It briefly explains the natural gas commercial vehicles market on the basis of geography, vehicle types and fuel types, during the timeframe ranging from 2014 to 2019.

The report also provides an overview of the technical as well as other important aspects of the natural gas commercial vehicle market. It includes the analysis of cost of ownership of CNG & LNG commercial vehicle and diesel commercial vehicle along with the competitive landscapes and company profiles.

Make Inquiry Today @

Browse Related Report

CNG & LPG Vehicle Market by Vehicle Type (Passenger Cars & Light Commercial Vehicles), Fuel Type (CNG & LPG), and Geography (Asia-Pacific, Europe, Americas & ROW) - Industry Trends & Forecasts to 2019

Low Emission Vehicle Market (2012 - 2017) - By Degree of Hybridization & Type of Traction Battery Used - Global Forecast, Trends & Analysis

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
North - Dominion Plaza,
17304,Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Mr. Rohan
since: 04/2009
Follow >
Market Research Report
Like >
Follow us on
Visit website