North America Automotive Natural Gas Vehicle Market Size & Outlook
North America automotive natural gas vehicle market, 2016-2028 (Thousand Units)
Related Markets
North America automotive natural gas vehicle market highlights
- The North America automotive natural gas vehicle market generated a revenue of Thousand 221.6 units in 2021.
- The market is expected to grow at a CAGR of 2.4% from 2022 to 2028.
- In terms of segment, cng was the largest revenue generating fuel type in 2021.
- CNG is the most lucrative fuel type segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.
North America data book summary
| Market revenue in 2021 | Thousand 221.6 units |
| Market revenue in 2028 | Thousand 261.6 units |
| Growth rate | 2.4% (CAGR from 2021 to 2028) |
| Largest segment | Cng |
| Fastest growing segment | CNG |
| 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, North America region accounted for 0.7% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Automotive Natural Gas Vehicle Market Scope
Automotive Natural Gas Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 94.68% in 2021. Horizon Databook has segmented the North America automotive natural gas vehicle market based on cng, lng covering the revenue growth of each sub-segment from 2016 to 2028.
The Natural Gas research and development program by California Energy Commission focuses on the energy efficiency, conservation, infrastructure, transportation, and environmental issues in regard with natural gas. Continuous natural gas R&D activities by the National Renewable Energy Laboratory have led to technological advancements in the last decade.
The federal government of Mexico has implemented Five Year Plan (2015—2019) for the natural gas transportation and storage system expansion. This plan is directed towards the infrastructure development and the upgrade for natural gas transportation throughout the country.
The clean fuel standard regulatory framework published by Environment and Climate Change Canada in Dec 2017. Through the clean fuel standard, Canadian government aims to achieve reductions of 30 megatons in greenhouse gas emissionsby the year 2030.
Reasons to subscribe to North America automotive natural gas vehicle market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America automotive natural gas vehicle market databook
-
Our clientele includes a mix of automotive natural gas vehicle market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive natural gas vehicle market, including forecasts for subscribers. This continent databook contains high-level insights into North America automotive natural gas vehicle market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
North America automotive natural gas vehicle market
North America Automotive Natural Gas Vehicle Market Share, 2021 & 2028 (Thousand Units)
North America automotive natural gas vehicle market
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
