The Latin America, Middle East and Africa CNG Powertrain Market would witness market growth of 17.9% CAGR during the forecast period (2022-2028).
A CNG powertrain is essentially equivalent to a standard internal combustion engine that runs on gasoline. The CNG powertrain has a few different components, but the manner the fuel is utilized is the same. The fuel is combined with air and consumed in the cylinder to generate power. Fuel is stored in different tanks, and CNG necessitated the use of a specific tank that could handle highly pressurized gas. Since the gas is under high pressure when it leaves the tank, it must first pass by a pressure regulator before being burned.
CNG engines contain a large number of electrically sensitive components. To start the car and power the accessories, these powertrains need a 12-volt battery system. An alternator operated by the engine charges the battery. As a result, when performing repairs or welding on the car, it is critical to separate and separate the battery & electrical system. Welding generates additional electrical current, which can harm critical engine electrical components. When maintaining the high-pressure gas tanks and pipes, more caution is required. In most tanks, there will be pressure vents that will need to be inspected following a collision.
The regional governments are highly focusing on more manufacturing of CNG supported vehicles and guiding automobile manufacturing units to heavily invest on CNG technologies that can be incorporated in automobiles to provide sustainability in the environment. The gas mileage of a fuel powertrain converted to run on CNG is nearly the same. As a result, the mileage of the powertrain increases substantially.
It is believed that transportation will be cheaper and people will find it simpler to move across as a result of the discovery of the possible cost reductions in using CNG As per the benefit analysis of CNG as automobile fuel when CNG is utilized as a transportation fuel, CO2 emissions are reduced by a significant amount when compared to PMS (petrol) or diesel. Therefore, due to greater awareness among regional automobile manufacturers related to benefits of using CNG as a source of fuel in vehicles, the CNG powertrain market is likely to grow in the forecast period.
The Brazil market dominated the LAMEA CNG Powertrain Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,672.3 Million by 2028. The Argentina market is poised to grow at a CAGR of 18.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 17.6% during (2022 - 2028).
Based on Fuel Type, the market is segmented into Bi-fuel and Mono Fuel. Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Drive Type, the market is segmented into Front Wheel Drive, All-wheel Drive, and Rear Wheel Drive. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global CNG Powertrain Market is Predict to reach $185.5 Billion by 2028, at a CAGR of 16.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Maruti Suzuki India Limited, FPT Industrial (Iveco Group), Volvo Group, Honda Motor Co. Ltd., Cummins, Inc., Hyundai Motor Company, Volkswagen AG, Ford Motor Company, Bosch Rexroth AG (Robert Bosch GmbH), and Nissan Motor Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Fuel Type
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Drive Type
- Front Wheel Drive
- All-wheel Drive
- Rear Wheel Drive
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Maruti Suzuki India Limited
- FPT Industrial (Iveco Group)
- Volvo Group
- Honda Motor Co. Ltd.
- Cummins, Inc.
- Hyundai Motor Company
- Volkswagen AG
- Ford Motor Company
- Bosch Rexroth AG (Robert Bosch GmbH)
- Nissan Motor Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA CNG Powertrain Market, by Fuel Type
1.4.2 LAMEA CNG Powertrain Market, by Vehicle Type
1.4.3 LAMEA CNG Powertrain Market, by Drive Type
1.4.4 LAMEA CNG Powertrain Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA CNG Powertrain Market by Fuel Type
3.1 LAMEA Bi-fuel Market by Country
3.2 LAMEA Mono Fuel Market by Country
Chapter 4. LAMEA CNG Powertrain Market by Vehicle Type
4.1 LAMEA Passenger Vehicle Market by Country
4.2 LAMEA Commercial Vehicle Market by Country
Chapter 5. LAMEA CNG Powertrain Market by Drive Type
5.1 LAMEA Front Wheel Drive Market by Country
5.2 LAMEA All-wheel Drive Market by Country
5.3 LAMEA Rear Wheel Drive Market by Country
Chapter 6. LAMEA CNG Powertrain Market by Country
6.1 Brazil CNG Powertrain Market
6.1.1 Brazil CNG Powertrain Market by Fuel Type
6.1.2 Brazil CNG Powertrain Market by Vehicle Type
6.1.3 Brazil CNG Powertrain Market by Drive Type
6.2 Argentina CNG Powertrain Market
6.2.1 Argentina CNG Powertrain Market by Fuel Type
6.2.2 Argentina CNG Powertrain Market by Vehicle Type
6.2.3 Argentina CNG Powertrain Market by Drive Type
6.3 UAE CNG Powertrain Market
6.3.1 UAE CNG Powertrain Market by Fuel Type
6.3.2 UAE CNG Powertrain Market by Vehicle Type
6.3.3 UAE CNG Powertrain Market by Drive Type
6.4 Saudi Arabia CNG Powertrain Market
6.4.1 Saudi Arabia CNG Powertrain Market by Fuel Type
6.4.2 Saudi Arabia CNG Powertrain Market by Vehicle Type
6.4.3 Saudi Arabia CNG Powertrain Market by Drive Type
6.5 South Africa CNG Powertrain Market
6.5.1 South Africa CNG Powertrain Market by Fuel Type
6.5.2 South Africa CNG Powertrain Market by Vehicle Type
6.5.3 South Africa CNG Powertrain Market by Drive Type
6.6 Nigeria CNG Powertrain Market
6.6.1 Nigeria CNG Powertrain Market by Fuel Type
6.6.2 Nigeria CNG Powertrain Market by Vehicle Type
6.6.3 Nigeria CNG Powertrain Market by Drive Type
6.7 Rest of LAMEA CNG Powertrain Market
6.7.1 Rest of LAMEA CNG Powertrain Market by Fuel Type
6.7.2 Rest of LAMEA CNG Powertrain Market by Vehicle Type
6.7.3 Rest of LAMEA CNG Powertrain Market by Drive Type
Chapter 7. Company Profiles
7.1 Maruti Suzuki India Limited
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Research & Development Expense
7.2 FPT Industrial (Iveco Group)
7.2.1 Company Overview
7.3 Volvo Group
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Honda Motor Co. Ltd.
7.4.1 Company Overview
7.4.1 Financial Analysis
7.4.2 Segmental and Regional Analysis
7.4.3 Research & Development Expense
7.5 Cummins, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional & Segmental Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent Strategies and Developments
7.5.5.1 Partnerships, Collaborations and Agreements:
7.5.5.2 Acquisitions and Mergers:
7.5.5.3 Product Launches and Product Expansions:
7.6 Hyundai Motor Company
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 Volkswagen AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Ford Motor Company
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 SWOT Analysis
7.9 Bosch Rexroth AG (Robert Bosch GmbH)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.10. Nissan Motor Corporation
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
TABLE 1 LAMEA CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 2 LAMEA CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 3 LAMEA CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 4 LAMEA CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Bi-fuel Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Bi-fuel Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Mono Fuel Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Mono Fuel Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 LAMEA CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 LAMEA Passenger Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Passenger Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 16 LAMEA CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 17 LAMEA Front Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Front Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA All-wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA All-wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Rear Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Rear Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA CNG Powertrain Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA CNG Powertrain Market by Country, 2022 - 2028, USD Million
TABLE 25 Brazil CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 26 Brazil CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 27 Brazil CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 28 Brazil CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 29 Brazil CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 30 Brazil CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 31 Brazil CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 32 Brazil CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 33 Argentina CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 34 Argentina CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 35 Argentina CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 36 Argentina CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 37 Argentina CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 Argentina CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 Argentina CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 40 Argentina CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 41 UAE CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 42 UAE CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 43 UAE CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 44 UAE CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 45 UAE CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 UAE CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 UAE CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 48 UAE CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 49 Saudi Arabia CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 50 Saudi Arabia CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 57 South Africa CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 58 South Africa CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 59 South Africa CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 60 South Africa CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 61 South Africa CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 62 South Africa CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 63 South Africa CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 64 South Africa CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 65 Nigeria CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 66 Nigeria CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 67 Nigeria CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 68 Nigeria CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 69 Nigeria CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 70 Nigeria CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 71 Nigeria CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 72 Nigeria CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 73 Rest of LAMEA CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 74 Rest of LAMEA CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 81 Key Information – Maruti Suzuki India Limited
TABLE 82 Key information – FPT Industrial
TABLE 83 key Information – Volvo Group
TABLE 84 key Information – Honda Motor Co. Ltd.
TABLE 85 Key information – Cummins, Inc.
TABLE 86 key Information – Hyundai Motor Company
TABLE 87 key Information – Volkswagen AG
TABLE 88 key information – Ford Motor Company
TABLE 89 Key Information – Bosch Rexroth AG
TABLE 90 Key information – Nissan Motor Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Hyundai Motor Company
FIG 3 Swot analysis: Volkswagen AG
FIG 4 Swot analsyis: ford motor Company