The Europe Automotive Natural Gas Vehicle Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
LNG is chilled to the point where it becomes a cryogenic liquid. It remains over twice as viscous as CNG in liquid form. At LNG fueling stations, LNG would either be dispensed via bulk storage tanks or produced locally from utility pipes. Due to its cryogenic character, it is kept in insulated tanks that have been particularly developed. In comparison to CNG, these tanks typically operate at relatively low pressures. In the fuel line, a vaporizer is installed to convert the LNG into gas.
When compared to a corporate LNG station to other gases, capital cost, utility infrastructure, and electricity greatly favor LNG. However, piped gas is more prevalent than tanker-delivered LNG. Existing LCNG plants (CNG and LNG) store fuel as LNG, which is then converted to CNG on demand. LCNG stations require less initial investment than fast-fill CNG stations, but more than LNG stations. Due to the fact that both CNG and LNG are types of natural gas, the engines of NG vehicles may run on either fuel without modification, with the exception of fuel tanks, fuel meters, and computer modules.
Nowadays, there are more than a million NGVs on European roads. A wide European network of CNG and LNG fuelling stations supports these vehicles. In Europe, the number of stations and the fleet of vehicles is both continually growing. The fundamental component of CNG and LNG is methane, which is increasingly generated from renewable sources like synthetic natural gas and biomethane. Methane from renewable and natural sources can be combined at any ratio, enabling a gradual and adaptable transition to carbon neutrality. The region altogether wishes to achieve net-zero emissions and has made significant strides in the development of NGVs. Increasing the network of CNG/LNG refueling stations, granting permissions for the manufacture of NGVs, and laying out government-backed regulations propel the expansion of the automotive natural gas vehicle market in the region.
The Germany market dominated the Europe Automotive Natural Gas Vehicle Market by Country in 2021; thereby, achieving a market value of $682.8 million by 2028. The UK market is exhibiting a CAGR of 4.4% during (2022 - 2028). Additionally, The France market would experience a CAGR of 6.1% during (2022 - 2028).
Based on Vehicle Type, the market is segmented into Passenger Vehicles, Light-duty & Heavy-duty Buses & Trucks and Three-wheelers. Based on Fuel Type, the market is segmented into CNG and LNG. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Natural Gas Vehicle Market will Hit $14.3 Billion by 2028, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Volvo Group, CNH Industrial N.V., Cummins, Inc., Hexagon Agility, Inc. (Hexagon AB), Beijing Foton International Trade Co., Ltd., Clean Energy Fuels Corp., PACCAR, Inc., Navistar, Inc., Quantum Fuel Systems LLC and Westport Fuel Systems, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Passenger Vehicles
- Light-duty & Heavy-duty Buses & Trucks
- Three-wheelers
By Fuel Type
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Volvo Group
- CNH Industrial N.V.
- Cummins, Inc.
- Hexagon Agility, Inc. (Hexagon AB)
- Beijing Foton International Trade Co., Ltd.
- Clean Energy Fuels Corp.
- PACCAR, Inc.
- Navistar, Inc.
- Quantum Fuel Systems LLC
- Westport Fuel Systems, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Automotive Natural Gas Vehicle Market, by Vehicle Type
1.4.2 Europe Automotive Natural Gas Vehicle Market, by Fuel Type
1.4.3 Europe Automotive Natural Gas Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Sep – 2022, Oct) Leading Players
Chapter 4. Europe Automotive Natural Gas Vehicle Market by Vehicle Type
4.1 Europe Passenger Vehicles Market by Country
4.2 Europe Light-duty & Heavy-duty Buses & Trucks Market by Country
4.3 Europe Three-wheelers Market by Country
Chapter 5. Europe Automotive Natural Gas Vehicle Market by Fuel Type
5.1 Europe CNG Market by Country
5.2 Europe LNG Market by Country
Chapter 6. Europe Automotive Natural Gas Vehicle Market by Country
6.1 Germany Automotive Natural Gas Vehicle Market
6.1.1 Germany Automotive Natural Gas Vehicle Market by Vehicle Type
6.1.2 Germany Automotive Natural Gas Vehicle Market by Fuel Type
6.2 UK Automotive Natural Gas Vehicle Market
6.2.1 UK Automotive Natural Gas Vehicle Market by Vehicle Type
6.2.2 UK Automotive Natural Gas Vehicle Market by Fuel Type
6.3 France Automotive Natural Gas Vehicle Market
6.3.1 France Automotive Natural Gas Vehicle Market by Vehicle Type
6.3.2 France Automotive Natural Gas Vehicle Market by Fuel Type
6.4 Russia Automotive Natural Gas Vehicle Market
6.4.1 Russia Automotive Natural Gas Vehicle Market by Vehicle Type
6.4.2 Russia Automotive Natural Gas Vehicle Market by Fuel Type
6.5 Spain Automotive Natural Gas Vehicle Market
6.5.1 Spain Automotive Natural Gas Vehicle Market by Vehicle Type
6.5.2 Spain Automotive Natural Gas Vehicle Market by Fuel Type
6.6 Italy Automotive Natural Gas Vehicle Market
6.6.1 Italy Automotive Natural Gas Vehicle Market by Vehicle Type
6.6.2 Italy Automotive Natural Gas Vehicle Market by Fuel Type
6.7 Rest of Europe Automotive Natural Gas Vehicle Market
6.7.1 Rest of Europe Automotive Natural Gas Vehicle Market by Vehicle Type
6.7.2 Rest of Europe Automotive Natural Gas Vehicle Market by Fuel Type
Chapter 7. Company Profiles
7.1 Cummins, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.5.3 Acquisition and Mergers:
7.2 CNH Industrial N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.3 Volvo Group
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Hexagon Agility, Inc. (Hexagon AB)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.4.5.3 Acquisition and Mergers:
7.5 Beijing Foton International Trade Co., Ltd.
7.5.1 Company Overview
7.6 Clean Energy Fuels Corp.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.7 PACCAR, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 Navistar, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.9 Quantum Fuel Systems LLC
7.9.1 Company Overview
7.10. Westport Fuel Systems, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Product Launches and Product Expansions:
7.10.5.2 Acquisition and Mergers:
TABLE 1 Europe Automotive Natural Gas Vehicle Market, 2018 - 2021, USD Million
TABLE 2 Europe Automotive Natural Gas Vehicle Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Automotive Natural Gas Vehicle Market
TABLE 4 Product Launches And Product Expansions – Automotive Natural Gas Vehicle Market
TABLE 5 Acquisition and Mergers – Automotive Natural Gas Vehicle Market
TABLE 6 Europe Automotive Natural Gas Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 7 Europe Automotive Natural Gas Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 8 Europe Passenger Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Passenger Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Light-duty & Heavy-duty Buses & Trucks Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Light-duty & Heavy-duty Buses & Trucks Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Three-wheelers Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Three-wheelers Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Automotive Natural Gas Vehicle Market by Fuel Type, 2018 - 2021, USD Million
TABLE 15 Europe Automotive Natural Gas Vehicle Market by Fuel Type, 2022 - 2028, USD Million
TABLE 16 Europe CNG Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe CNG Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe LNG Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe LNG Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Automotive Natural Gas Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Automotive Natural Gas Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 22 Germany Automotive Natural Gas Vehicle Market, 2018 - 2021, USD Million
TABLE 23 Germany Automotive Natural Gas Vehicle Market, 2022 - 2028, USD Million
TABLE 24 Germany Automotive Natural Gas Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 25 Germany Automotive Natural Gas Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 26 Germany Automotive Natural Gas Vehicle Market by Fuel Type, 2018 - 2021, USD Million
TABLE 27 Germany Automotive Natural Gas Vehicle Market by Fuel Type, 2022 - 2028, USD Million
TABLE 28 UK Automotive Natural Gas Vehicle Market, 2018 - 2021, USD Million
TABLE 29 UK Automotive Natural Gas Vehicle Market, 2022 - 2028, USD Million
TABLE 30 UK Automotive Natural Gas Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 31 UK Automotive Natural Gas Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 32 UK Automotive Natural Gas Vehicle Market by Fuel Type, 2018 - 2021, USD Million
TABLE 33 UK Automotive Natural Gas Vehicle Market by Fuel Type, 2022 - 2028, USD Million
TABLE 34 France Automotive Natural Gas Vehicle Market, 2018 - 2021, USD Million
TABLE 35 France Automotive Natural Gas Vehicle Market, 2022 - 2028, USD Million
TABLE 36 France Automotive Natural Gas Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 37 France Automotive Natural Gas Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 38 France Automotive Natural Gas Vehicle Market by Fuel Type, 2018 - 2021, USD Million
TABLE 39 France Automotive Natural Gas Vehicle Market by Fuel Type, 2022 - 2028, USD Million
TABLE 40 Russia Automotive Natural Gas Vehicle Market, 2018 - 2021, USD Million
TABLE 41 Russia Automotive Natural Gas Vehicle Market, 2022 - 2028, USD Million
TABLE 42 Russia Automotive Natural Gas Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 43 Russia Automotive Natural Gas Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 44 Russia Automotive Natural Gas Vehicle Market by Fuel Type, 2018 - 2021, USD Million
TABLE 45 Russia Automotive Natural Gas Vehicle Market by Fuel Type, 2022 - 2028, USD Million
TABLE 46 Spain Automotive Natural Gas Vehicle Market, 2018 - 2021, USD Million
TABLE 47 Spain Automotive Natural Gas Vehicle Market, 2022 - 2028, USD Million
TABLE 48 Spain Automotive Natural Gas Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 49 Spain Automotive Natural Gas Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 50 Spain Automotive Natural Gas Vehicle Market by Fuel Type, 2018 - 2021, USD Million
TABLE 51 Spain Automotive Natural Gas Vehicle Market by Fuel Type, 2022 - 2028, USD Million
TABLE 52 Italy Automotive Natural Gas Vehicle Market, 2018 - 2021, USD Million
TABLE 53 Italy Automotive Natural Gas Vehicle Market, 2022 - 2028, USD Million
TABLE 54 Italy Automotive Natural Gas Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 55 Italy Automotive Natural Gas Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 56 Italy Automotive Natural Gas Vehicle Market by Fuel Type, 2018 - 2021, USD Million
TABLE 57 Italy Automotive Natural Gas Vehicle Market by Fuel Type, 2022 - 2028, USD Million
TABLE 58 Rest of Europe Automotive Natural Gas Vehicle Market, 2018 - 2021, USD Million
TABLE 59 Rest of Europe Automotive Natural Gas Vehicle Market, 2022 - 2028, USD Million
TABLE 60 Rest of Europe Automotive Natural Gas Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 61 Rest of Europe Automotive Natural Gas Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 62 Rest of Europe Automotive Natural Gas Vehicle Market by Fuel Type, 2018 - 2021, USD Million
TABLE 63 Rest of Europe Automotive Natural Gas Vehicle Market by Fuel Type, 2022 - 2028, USD Million
TABLE 64 Key information – Cummins, Inc.
TABLE 65 Key Information – CNH Industrial N.V.
TABLE 66 key Information – Volvo Group
TABLE 67 Key Information – Hexagon Agility, Inc.
TABLE 68 Key Information – Beijing Foton International Trade Co., Ltd.
TABLE 69 Key Information – Clean Energy Fuels Corp.
TABLE 70 Key Information – PACCAR, Inc.
TABLE 71 Key Information – Navistar, Inc.
TABLE 72 Key Information – Quantum Fuel Systems LLC
TABLE 73 Key Information – Westport Fuel Systems, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Sep – 2022, Oct) Leading Players
FIG 5 Recent strategies and developments: Cummins, Inc.
FIG 6 Recent strategies and developments: Hexagon Agility, Inc.
FIG 7 Recent strategies and developments: Westport Fuel Systems, Inc.