1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 List Of Assumptions 17
2.4 Market Structure 17
3 Research Methodology
3.1 Research Process 19
3.2 Primary Research 20
3.3 Secondary Research 21
3.4 Market Size Estimation 22
3.5 Forecast Model 22
4 Market Dynamics
4.1 Introduction 24
4.2 Drivers 24
4.2.1 Increase In Fuel Prices 24
4.2.2 Government Initiatives 25
4.2.3 Expansion Of Global Auto-Manufacturers Into New Emerging Markets 25
4.3 Restraints 26
4.3.1 Underdeveloped Aftermarket Services 26
4.3.2 Surge In Demand Of Electric Vehicles 26
4.3.3 Increased Penetration Of Major CNG Vehicles Manufacturers In Aftermarket 26
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis 29
5.1.1 Threat From New Entrants 29
5.1.2 Bargaining Power Of Buyers 29
5.1.3 Bargaining Power Of Supplier 30
5.1.4 Threat From Substitutes 30
5.1.5 Threat Of Rivalry 30
5.2 Supply Chain Analysis 31
5.2.1 Component Suppliers 31
5.2.2 Manufacturers 31
5.2.3 Distribution 32
5.2.4 End-Use 32
5.3 Manufacturing Cost Structure 33
5.4 Market Channel Analysis Of CNG Vehicles Market 34
5.4.1 Direct Marketing 34
5.4.2 Indirect Marketing 34
5.4.3 Marketing Channel Development Trend 34
5.5 Market Positioning 34
5.5.1 Pricing Strategy 34
5.5.2 Brand Strategy 34
6 Global CNG Vehicles Market, By Product Type
6.1 Overview 36
6.1.1 OEM 36
6.1.2 Car Modification 36
7 Global CNG Vehicle Market, By Application
7.1 Overview 39
7.1.1 Personal Use 39
7.1.2 Commercial Use 39
8 Global CNG Vehicle Market, By Region
8.1 North America 42
8.2 Europe 44
8.2.1 China 46
8.2.2 Japan 48
8.2.3 South Korea 50
8.2.4 India 52
8.3 Rest Of The World 54
9 Competitive Landscape
9.1 Competitive Landscape 58
9.1.1 Competitive Benchmarking 58
10 Company Profiles
10.1 General Motors 60
10.1.1 Company Overview 60
10.1.2 Financial Overview 60
10.1.3 Products Offered 61
10.1.4 Key Developments 62
10.1.5 SWOT Analysis 62
10.1.6 Key Strategy 62
10.2 Fiat Chrysler Automobiles 63
10.2.1 Company Overview 63
10.2.2 Financial Overview 63
10.2.3 Products Offered 64
10.2.4 Key Developments 64
10.2.5 SWOT Analysis 65
10.2.6 Key Strategy 65
10.3 Volkswagen Group 66
10.3.1 Company Overview 66
10.3.2 Financial Overview 66
10.3.3 Products Offered 67
10.3.4 Key Developments 68
10.3.5 SWOT Analysis 68
10.3.6 Key Strategy 68
10.4 Toyota Motor Corporation 69
10.4.1 Company Overview 69
10.4.2 Financial Overview 69
10.4.3 Products Offered 70
10.4.4 Key Developments 70
10.4.5 SWOT Analysis 71
10.4.6 Key Strategy 71
10.5 Ford Motor Company 72
10.5.1 Company Overview 72
10.5.2 Financial Overview 72
10.5.3 Products Offered 73
10.5.4 Key Developments 74
10.5.5 SWOT Analysis 74
10.5.6 Key Strategy 74
10.6 Groupe PSA 75
10.6.1 Company Overview 75
10.6.2 Financial Overview 75
10.6.3 Products Offered 76
10.6.4 Key Developments 77
10.6.5 Key Strategy 77
10.7 Volvo Group 78
10.7.1 Company Overview 78
10.7.2 Financial Overview 78
10.7.3 Products Offered 79
10.7.4 Key Developments 80
10.7.5 Key Strategy 80
10.8 Hyundai Motor Company 81
10.8.1 Company Overview 81
10.8.2 Financial Overview 81
10.8.3 Products Offered 82
10.8.4 Key Developments 82
10.8.5 Key Strategy 83
10.9 Honda Motor Co., Ltd. 84
10.9.1 Company Overview 84
10.9.2 Financial Overview 84
10.9.3 Products Offered 85
10.9.4 Key Developments 85
10.9.5 Key Strategy 85
10.10 Suzuki Motor Corporation 86
10.10.1 Company Overview 86
10.10.2 Financial Overview 86
10.10.3 Products Offered 87
10.10.4 Key Developments 88
10.10.5 Key Strategy 88
10.11 Daimler AG 89
10.11.1 Company Overview 89
10.11.2 Financial Overview 89
10.11.3 Products Offered 90
10.11.4 Key Developments 90
10.11.5 Key Strategy 91
10.12 Renault 92
10.12.1 Company Overview 92
10.12.2 Financial Overview 92
10.12.3 Products Offered 93
10.12.4 Key Strategy 93
11 List Of Tables
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 MANUFACTURING COST STRUCTURE OF CNG VEHICLES 33
TABLE 4 LABOR COST STRUCTURE: CNG VEHICLES 33
TABLE 5 GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 37
TABLE 6 GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 37
TABLE 7 GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 37
TABLE 8 GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 37
TABLE 9 GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 40
TABLE 10 GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 40
TABLE 11 GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 40
TABLE 12 GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 40
TABLE 13 NORTH AMERICA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 42
TABLE 14 NORTH AMERICA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 42
TABLE 15 NORTH AMERICA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 42
TABLE 16 NORTH AMERICA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 43
TABLE 17 NORTH AMERICA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 43
TABLE 18 NORTH AMERICA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 43
TABLE 19 NORTH AMERICA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 43
TABLE 20 NORTH AMERICA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 43
TABLE 21 EUROPE: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 44
TABLE 22 EUROPE: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 44
TABLE 23 EUROPE: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 44
TABLE 24 EUROPE: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 45
TABLE 25 EUROPE: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 45
TABLE 26 EUROPE: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 45
TABLE 27 EUROPE: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 45
TABLE 28 EUROPE: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 45
TABLE 29 CHINA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 46
TABLE 30 CHINA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 46
TABLE 31 CHINA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 46
TABLE 32 CHINA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 46
TABLE 33 CHINA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 47
TABLE 34 CHINA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 47
TABLE 35 CHINA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 47
TABLE 36 CHINA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 47
TABLE 37 JAPAN: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 48
TABLE 38 JAPAN: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 48
TABLE 39 JAPAN: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 48
TABLE 40 JAPAN: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 48
TABLE 41 JAPAN: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 49
TABLE 42 JAPAN: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 49
TABLE 43 JAPAN: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 49
TABLE 44 JAPAN: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 49
TABLE 45 SOUTH KOREA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 50
TABLE 46 SOUTH KOREA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 50
TABLE 47 SOUTH KOREA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 50
TABLE 48 SOUTH KOREA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 50
TABLE 49 SOUTH KOREA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 51
TABLE 50 SOUTH KOREA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 51
TABLE 51 SOUTH KOREA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 51
TABLE 52 SOUTH KOREA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 51
TABLE 53 INDIA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 52
TABLE 54 INDIA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 52
TABLE 55 INDIA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 52
TABLE 56 INDIA: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 52
TABLE 57 INDIA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 53
TABLE 58 INDIA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 53
TABLE 59 INDIA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 53
TABLE 60 INDIA: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 53
TABLE 61 REST OF THE WORLD: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 54
TABLE 62 REST OF THE WORLD: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (USD MILLION) 54
TABLE 63 REST OF THE WORLD: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 54
TABLE 64 REST OF THE WORLD: GLOBAL CNG VEHICLE MARKET, BY PRODUCT TYPE, 2024-2022 (MILLION UNITS) 55
TABLE 65 REST OF THE WORLD: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 55
TABLE 66 REST OF THE WORLD: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (USD MILLION) 55
TABLE 67 REST OF THE WORLD: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 55
TABLE 68 REST OF THE WORLD: GLOBAL CNG VEHICLE MARKET, BY APPLICATION, 2024-2022 (MILLION UNITS) 56
12 List Of Figures
FIGURE 1 GLOBAL CNG VEHICLE MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 19
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 22
FIGURE 4 DRO: GLOBAL CNG VEHICLE MARKET 24
FIGURE 5 DRIVERS: IMPACT ANALYSIS 25
FIGURE 6 RESTRAINTS: IMPACT ANALYSIS 27
FIGURE 7 PORTER’S FIVE FORCES ANALYSIS: CNG VEHICLE 29
FIGURE 8 SUPPLY CHAIN: CNG VEHICLES MARKET 31
FIGURE 9 GLOBAL CNG VEHICLE MARKET SHARE, BY PRODUCT TYPE, 2024 (%) 36
FIGURE 10 GLOBAL CNG VEHICLE MARKET SHARE, BY APPLICATION, 2024 (%) 39
FIGURE 11 COMPETITIVE BENCHMARKING 58
FIGURE 12 GENERAL MOTORS: SALES REVENUE (USD MILLION), 2024-2022 60
FIGURE 13 GENERAL MOTORS: SEGMENTAL REVENUE SHARE (%), 2024 61
FIGURE 14 GENERAL MOTORS: REGIONAL REVENUE SHARE (%), 2024 61
FIGURE 15 FIAT CHRYSLER AUTOMOBILES: SALES REVENUE (USD MILLION), 2024-2022 63
FIGURE 16 FIAT CHRYSLER AUTOMOBILES: SEGMENTAL REVENUE SHARE (%), 2024 64
FIGURE 17 VOLKSWAGEN GROUP: SALES REVENUE, 2024-2022 (USD MILLION) 66
FIGURE 18 VOLKSWAGEN GROUP: SEGMENTAL REVENUE, 2024 (%) 67
FIGURE 19 VOLKSWAGEN GROUP: REGIONAL REVENUE, 2024 (%) 67
FIGURE 20 TOYOTA MOTOR CORPORATION: SALES REVENUE, 2024-2022 (USD MILLION) 69
FIGURE 21 TOYOTA MOTOR CORPORATION: SEGMENTAL REVENUE, 2024 (%) 70
FIGURE 22 TOYOTA MOTOR CORPORATION: REGIONAL REVENUE, 2024 (%) 70
FIGURE 23 FORD MOTOR COMPANY: SALES REVENUE (USD MILLION), 2024-2022 72
FIGURE 24 FORD MOTOR COMPANY: SEGMENTAL REVENUE SHARE (%), 2024 73
FIGURE 25 FORD MOTOR COMPANY: REGIONAL REVENUE SHARE (%), 2024 73
FIGURE 26 GROUPE PSA: TOTAL REVENUE, 2024-2022 (USD MILLION) 75
FIGURE 27 GROUPE PSA: SEGMENTAL REVENUE, 2024 (%) 76
FIGURE 28 GROUPE PSA: REGIONAL REVENUE, 2024 (%) 76
FIGURE 29 VOLVO GROUP: SALES REVENUE (USD MILLION) (2024-2022) 78
FIGURE 30 VOLVO GROUP: SEGMENTAL REVENUE SHARE (%) (2024) 79
FIGURE 31 VOLVO GROUP: REGIONAL REVENUE SHARE (%) (2024) 79
FIGURE 32 HYUNDAI MOTOR COMPANY: SALES REVENUE (USD MILLION) (2014-2024) 81
FIGURE 33 HYUNDAI MOTOR COMPANY: SEGMENTAL REVENUE SHARE (%) (2024) 82
FIGURE 34 HYUNDAI MOTOR COMPANY: REGIONAL REVENUE SHARE (%) (2024) 82
FIGURE 35 HONDA MOTOR CO., LTD.: SALES REVENUE (USD MILLION) (2024-2022) 84
FIGURE 36 HONDA MOTOR CO., LTD.: SEGMENTAL REVENUE SHARE (%) (2024) 84
FIGURE 37 HONDA MOTOR CO., LTD.: REGIONAL REVENUE SHARE (%) (2024) 85
FIGURE 38 SUZUKI MOTOR CORPORATION: SALES REVENUE (USD MILLION) (2024-2022) 86
FIGURE 39 SUZUKI MOTOR CORPORATION: SEGMENTAL REVENUE SHARE (%) (2024) 87
FIGURE 40 SUZUKI MOTOR CORPORATION: REGIONAL REVENUE SHARE (%) (2024) 87
FIGURE 41 DAIMLER AG: SALES REVENUE (USD MILLION) (2024-2022) 89
FIGURE 42 DAIMLER AG: SEGMENTAL REVENUE SHARE (%) (2024) 90
FIGURE 43 DAIMLER AG: REGIONAL REVENUE SHARE (%) (2024) 90
FIGURE 44 RENAULT: SALES REVENUE (USD MILLION) (2024-2022) 92
FIGURE 45 RENAULT: SEGMENTAL REVENUE SHARE (%) (2024) 93
FIGURE 46 RENAULT: REGIONAL REVENUE SHARE (%) (2024) 93