CNG vehicles Market

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Global The global CNG vehicle market stood at USD
1, 09,783.6 Mn in 2017 and is expected to attain
a valuation of approximately USD 1, 85,000 Mn. -
2025
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CNG Vehicles Market Drivers and Restraints The
CNG vehicles market is likely to witness
propulsion in growth owing to the rising
awareness towards the hazardous effects of the
use of conventional energy sources to the
environment. This is fueling the demand for clean
energy-based vehicles for environment-friendly
transit options, driving exponential growth to
the CNG vehicles market. The global CNG vehicles
market is anticipated to expand at a 5.96 CAGR
during the review period, as stated in the latest
MRFR report. Further, rising prices of
conventional fuels such as petrol and diesel are
pivoting the consumers to adopt CNG vehicles.
Additionally, supportive government initiatives
are pushing the general public to opt for
CNG-based vehicles, instead of vehicles operating
on petrol or diesel. Tough regulations laid out
by the government towards the emission of
pollutants from automobiles is also expected to
drive the CNG vehicles market as CNG-based
vehicles have the lowest carbon emissions among
all types of vehicles. Get a FREE Sample with
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Benefits of CNG Vehicles Over Gasoline Cheaper
CNG is considered cheap and costs almost one
third the price of super gasoline, which results
in savings in fuel costs. Reduced maintenance
cost CNG does not contain any additives, burns
cleanly, and does not leave any by-products
behind which contaminates engine oil and spark
plugs. The engine remains clean, thereby reducing
engine wear. Also, the combustion chamber parts
function at peak output for an extended period
before it requires service. Environment-Friendly
As CNG has a higher-octane rating over gasoline,
CNG engines run more quietly and produce minimum
exhaust emissions. Harmful emissions like carbon
dioxide, carbon monoxide, and nitrous oxide can
be minimized compared to gasoline-powered
vehicles. Safer CNG components are specifically
designed and made to international standards.
They are monitored to assure safe operation.
These fuel systems are sealed, which further
prevents spillage and evaporation losses. Browse
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• CNG Vehicles Market Key Players
• Daimler AG
• General Motors
• Honda Motor Co. Ltd.
• Renault, Ford Motor Company
• Fiat Chrysler Automobiles
• Toyota Motor Corporation
• Hyundai Motor Company
• Groupe PSA, Volvo Group
• Suzuki Motor Corporation
• Volkswagen Group

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Industry Updates February 27, 2019 Kwik Trip
is likely to be a primary dispenser of renewable
natural gas (RNG) which was produced at the
Wisconsin countys landfill biogas project once
it is completed during 2019. February 12, 2019
ECO-GATE introduced the ECO-G brand, which is
designed to rename the natural gas used for CNG
vehicles. ECO-GATE is a European consortium led
by NEDGIA (Naturgy groups gas distributor) and
co-financed by the European Union.
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Global CNG Vehicles Market Regional
Analysis Europe, North America, Asia Pacific
(APAC), and the Rest of the World (RoW) are the
regional segments based on which the MRFR report
has been prepared. Rest of the World (RoW) is
anticipated to account for 46 of the global CNG
vehicles market. The government authorities of
many economies comprised in the RoW have
introduced policies such as tax reduction,
affordable pricing, subsidies, and stringent
emission regulations, hence, promoting growth in
the CNG vehicles market. South Africa, Thailand,
Egypt, Iraq, Columbia, Brazil, Iran, Pakistan,
and Argentina are significant contributors in the
CNG market in the RoW. Iran has made a dual fuel
capacity in all cars compulsory, promoting the
usage of CNG vehicles over conventional vehicles.
Whereas, Dubai and Saudi Arabia are also
witnessing numerous activities creating awareness
of the advantages of CNG vehicles, hence,
propelling the growth in the CNG vehicles market.
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