Europe Automotive Natural Gas Vehicle Market Size & Outlook
Europe automotive natural gas vehicle market, 2016-2028 (Thousand Units)
Related Markets
Europe automotive natural gas vehicle market highlights
- The Europe automotive natural gas vehicle market generated a revenue of Thousand 1,983.7 units in 2021.
- The market is expected to grow at a CAGR of 4.4% from 2022 to 2028.
- In terms of segment, cng was the largest revenue generating fuel type in 2021.
- LNG is the most lucrative fuel type segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2022 to 2028.
Europe data book summary
| Market revenue in 2021 | Thousand 1,983.7 units |
| Market revenue in 2028 | Thousand 2,677.2 units |
| Growth rate | 4.4% (CAGR from 2021 to 2028) |
| Largest segment | Cng |
| Fastest growing segment | LNG |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in Thousand units |
| Market segmentation | CNG, LNG |
| Key market players worldwide | Agility, Volvo AB ADR, CNH Industrial NV, Cummins Inc, Clean Energy Fuels Corp, Navistar, PACCAR Inc, Westport Fuel Systems Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 6.4% of the global automotive natural gas vehicle market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Europe is the fastest growing regional market and is projected to reach Thousand 2,677.2 units by 2028.
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Automotive Natural Gas Vehicle Market Scope
Automotive Natural Gas Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe automotive natural gas vehicle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive natural gas vehicle market will help companies and investors design strategic landscapes.
Cng was the largest segment with a revenue share of 94.25% in 2021. Horizon Databook has segmented the Europe automotive natural gas vehicle market based on cng, lng covering the revenue growth of each sub-segment from 2016 to 2028.
Natural gas vehicle manufacturers such as Volkswagen, SEAT, and Skoda promoted methane powertrain technology in IAA trade fair of Germany in 2017, and provided their buyers with a significant discount on CNG vehicles in return for the scrappage of their old diesel-run vehicles.
The company has transported its engines using the LNG-powered Iveco Stralis NP truck which is manufactured by Italy’s Iveco. BMW is expected to utilize these LNG trucks for its future logistics operation.
RATP (Regie Autonome des Transports Parisiens), a state-owned public transport operator of Paris has announced Bus 2025 Plan which aims at converting its entire bus fleet with non-polluting vehicles by the year 2025. In accordance with this plan, RATP has added around 150 CNG buses from IVECO Bus to its fleet.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe automotive natural gas vehicle market, including forecasts for subscribers. This continent databook contains high-level insights into Europe automotive natural gas vehicle market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Europe automotive natural gas vehicle market
Europe Automotive Natural Gas Vehicle Market Share, 2021 & 2028 (Thousand Units)
Europe automotive natural gas vehicle market
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