Middle East & Africa Automotive Natural Gas Vehicle Market Size & Outlook
Middle East & Africa automotive natural gas vehicle market, 2016-2028 (Thousand Units)
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MEA automotive natural gas vehicle market highlights
- The MEA automotive natural gas vehicle market generated a revenue of Thousand 5,843.3 units in 2021.
- The market is expected to grow at a CAGR of 2.7% 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.
MEA data book summary
| Market revenue in 2021 | Thousand 5,843.3 units |
| Market revenue in 2028 | Thousand 7,038.7 units |
| Growth rate | 2.7% (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, MEA region accounted for 18.9% 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 |
|---|
Middle East & Africa 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 94.53% in 2021. Horizon Databook has segmented the Middle East & Africa automotive natural gas vehicle market based on cng, lng covering the revenue growth of each sub-segment from 2016 to 2028.
Emirates Transport, a government-owned public transport provider which is responsible for converting petrol and diesel vehicles to CNG has converted more than 9,000 vehicles to CNG since 2010. It continues to convert vehicles from Abu Dhabi, Dubai, and other nearby regions.
Various countries such as Saudi Arabia, Qatar, UAE, and South Africa are expected to drive the demand for MEA region. Companies such as Qatar gas and Ras Gas which are the leading producers of LNG in MEA region are continuously expanding their operations and production capacity, owing to the increasing global demand.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa automotive natural gas vehicle market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automotive natural gas vehicle market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Middle East & Africa automotive natural gas vehicle market
Middle East & Africa Automotive Natural Gas Vehicle Market Share, 2021 & 2028 (Thousand Units)
Middle East & Africa automotive natural gas vehicle market
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