The Europe CNG Powertrain Market would witness market growth of 15.8% CAGR during the forecast period (2022-2028).
CNG-powered automobiles from a variety of manufacturers have been available for some years. Because their engines were built to run on conventional fuel, they can use the bulk of the CO2 potential simply by changing the fuel, which can already reduce emissions by up to 24%. Due to the still-relatively low number of CNG vehicles manufactured, more optimization with CNG-specific development is required.
Automotive manufacturers has now looked into the possibility of cutting CO2 emissions even more by combining downsizing with CNG. The well-known automotive downsizing engine i.e. a three-cylinder, single-stage turbocharged gasoline engine with direct injection and a 1.2-liter displacement was initially converted for dual operation with natural gas and gasoline in a first step. The engine was then put through its paces on an engine test bench before being installed in a test car and measured. The initial step's purpose was to demonstrate the bivalent variant's potential and limitations, as well as to highlight prospective optimization targets and problems. The results would be used to create an optimal, monovalent design as well as the application of the essential engine parts and equipment in the second step.
Automobile companies are choosing to locate in this region because of the long tradition of quality, trained workforce, and world-class supply chains. Technology is transforming the way the automotive business looks and where money can be generated, from the engine that power the automobiles to the way we manage them and the attitudes about owning them. CNG gas is being used widely by various regional automobile companies, and now powers millions of automobiles throughout the region, is one of the many scientific achievements.
Both the government and industry would invest almost a quarter of a billion pounds in developing and manufacturing CNG vehicles as a result of the numerous sector deals. This investment is a significant step forward in the efforts to mass-produce CNG gas and vehicles in the United Kingdom. In addition, these agreements intended to establish a world-class testing environment for connected vehicles. Manufacturers will enhance the reliability of these CNG powertrains by pushing them to the boundaries of their speed as well as handling on the renowned test tracks. Also, the regional government is funding a new industry-led initiative to improve the productivity of UK suppliers so they can compete with the best in Europe. Therefore, due to increasing number of new manufacturers of automobiles and producers for CNG gas, the regional CNG powertrain market is expected to grow in the forecast period.
The Germany market dominated the Europe CNG Powertrain Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,298 Million by 2028. The UK market is experiencing a CAGR of 14.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 16.6% during (2022 - 2028).
Based on Fuel Type, the market is segmented into Bi-fuel and Mono Fuel. Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Drive Type, the market is segmented into Front Wheel Drive, All-wheel Drive, and Rear Wheel Drive. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global CNG Powertrain Market will Hit $185.5 Billion by 2028, at a CAGR of 16.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Maruti Suzuki India Limited, FPT Industrial (Iveco Group), Volvo Group, Honda Motor Co. Ltd., Cummins, Inc., Hyundai Motor Company, Volkswagen AG, Ford Motor Company, Bosch Rexroth AG (Robert Bosch GmbH), and Nissan Motor Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Fuel Type
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Drive Type
- Front Wheel Drive
- All-wheel Drive
- Rear Wheel Drive
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Maruti Suzuki India Limited
- FPT Industrial (Iveco Group)
- Volvo Group
- Honda Motor Co. Ltd.
- Cummins, Inc.
- Hyundai Motor Company
- Volkswagen AG
- Ford Motor Company
- Bosch Rexroth AG (Robert Bosch GmbH)
- Nissan Motor Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe CNG Powertrain Market, by Fuel Type
1.4.2 Europe CNG Powertrain Market, by Vehicle Type
1.4.3 Europe CNG Powertrain Market, by Drive Type
1.4.4 Europe CNG Powertrain 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. Europe CNG Powertrain Market by Fuel Type
3.1 Europe Bi-fuel Market by Country
3.2 Europe Mono Fuel Market by Country
Chapter 4. Europe CNG Powertrain Market by Vehicle Type
4.1 Europe Passenger Vehicle Market by Country
4.2 Europe Commercial Vehicle Market by Country
Chapter 5. Europe CNG Powertrain Market by Drive Type
5.1 Europe Front Wheel Drive Market by Country
5.2 Europe All-wheel Drive Market by Country
5.3 Europe Rear Wheel Drive Market by Country
Chapter 6. Europe CNG Powertrain Market by Country
6.1 Germany CNG Powertrain Market
6.1.1 Germany CNG Powertrain Market by Fuel Type
6.1.2 Germany CNG Powertrain Market by Vehicle Type
6.1.3 Germany CNG Powertrain Market by Drive Type
6.2 UK CNG Powertrain Market
6.2.1 UK CNG Powertrain Market by Fuel Type
6.2.2 UK CNG Powertrain Market by Vehicle Type
6.2.3 UK CNG Powertrain Market by Drive Type
6.3 France CNG Powertrain Market
6.3.1 France CNG Powertrain Market by Fuel Type
6.3.2 France CNG Powertrain Market by Vehicle Type
6.3.3 France CNG Powertrain Market by Drive Type
6.4 Russia CNG Powertrain Market
6.4.1 Russia CNG Powertrain Market by Fuel Type
6.4.2 Russia CNG Powertrain Market by Vehicle Type
6.4.3 Russia CNG Powertrain Market by Drive Type
6.5 Spain CNG Powertrain Market
6.5.1 Spain CNG Powertrain Market by Fuel Type
6.5.2 Spain CNG Powertrain Market by Vehicle Type
6.5.3 Spain CNG Powertrain Market by Drive Type
6.6 Italy CNG Powertrain Market
6.6.1 Italy CNG Powertrain Market by Fuel Type
6.6.2 Italy CNG Powertrain Market by Vehicle Type
6.6.3 Italy CNG Powertrain Market by Drive Type
6.7 Rest of Europe CNG Powertrain Market
6.7.1 Rest of Europe CNG Powertrain Market by Fuel Type
6.7.2 Rest of Europe CNG Powertrain Market by Vehicle Type
6.7.3 Rest of Europe CNG Powertrain Market by Drive Type
Chapter 7. Company Profiles
7.1 Maruti Suzuki India Limited
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Research & Development Expense
7.2 FPT Industrial (Iveco Group)
7.2.1 Company Overview
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
7.4 Honda Motor Co. Ltd.
7.4.1 Company Overview
7.4.1 Financial Analysis
7.4.2 Segmental and Regional Analysis
7.4.3 Research & Development Expense
7.5 Cummins, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional & Segmental Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent Strategies and Developments
7.5.5.1 Partnerships, Collaborations and Agreements:
7.5.5.2 Acquisitions and Mergers:
7.5.5.3 Product Launches and Product Expansions:
7.6 Hyundai Motor Company
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 Volkswagen AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Ford Motor Company
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 SWOT Analysis
7.9 Bosch Rexroth AG (Robert Bosch GmbH)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.10. Nissan Motor Corporation
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
TABLE 1 Europe CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 2 Europe CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 3 Europe CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 4 Europe CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 5 Europe Bi-fuel Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Bi-fuel Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Mono Fuel Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Mono Fuel Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 Europe CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 Europe Passenger Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Passenger Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 16 Europe CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 17 Europe Front Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Front Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe All-wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe All-wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Rear Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Rear Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe CNG Powertrain Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe CNG Powertrain Market by Country, 2022 - 2028, USD Million
TABLE 25 Germany CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 26 Germany CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 27 Germany CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 28 Germany CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 29 Germany CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 30 Germany CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 31 Germany CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 32 Germany CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 33 UK CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 34 UK CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 35 UK CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 36 UK CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 37 UK CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 UK CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 UK CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 40 UK CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 41 France CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 42 France CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 43 France CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 44 France CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 45 France CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 France CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 France CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 48 France CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 49 Russia CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 50 Russia CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 51 Russia CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 52 Russia CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 53 Russia CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 54 Russia CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 55 Russia CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 56 Russia CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 57 Spain CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 58 Spain CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 59 Spain CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 60 Spain CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 61 Spain CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 62 Spain CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 63 Spain CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 64 Spain CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 65 Italy CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 66 Italy CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 67 Italy CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 68 Italy CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 69 Italy CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 70 Italy CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 71 Italy CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 72 Italy CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 73 Rest of Europe CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 74 Rest of Europe CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 75 Rest of Europe CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 76 Rest of Europe CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 77 Rest of Europe CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 Rest of Europe CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 Rest of Europe CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 80 Rest of Europe CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 81 Key Information – Maruti Suzuki India Limited
TABLE 82 Key information – FPT Industrial
TABLE 83 key Information – Volvo Group
TABLE 84 key Information – Honda Motor Co. Ltd.
TABLE 85 Key information – Cummins, Inc.
TABLE 86 key Information – Hyundai Motor Company
TABLE 87 key Information – Volkswagen AG
TABLE 88 key information – Ford Motor Company
TABLE 89 Key Information – Bosch Rexroth AG
TABLE 90 Key information – Nissan Motor Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Hyundai Motor Company
FIG 3 Swot analysis: Volkswagen AG
FIG 4 Swot analsyis: ford motor Company