The North America CNG Powertrain Market would witness market growth of 15.5% CAGR during the forecast period (2022-2028).
CNG, sometimes known as the green fuel for its lack of lead and sulfur, helps to reduce hazardous emissions. It extends the life of spark plugs because it is non-corrosive. As CNG contains no lead or benzene, lead fouling of spark plugs and emissions from lead or benzene are eliminated. CNG is a safe fuel due to its qualities. It's kept in approved high-gauge seamless cylinders with very little danger of leakage. As it is lighter than air, it simply rises and diffuses into the atmosphere, where it mixes readily and evenly. Since it has a high auto-ignition temperature (540 degrees Celsius) and a narrow range of inflammability, CNG is less prone to auto-ignite on hot surfaces. It indicates that if the quantity of CNG in the air is less than 5% or more than 15%, it will not ignite.
In North America, Canada has the largest automotive market. Imports of passenger vehicles climbed, while imports of trucks and other vehicles for the transportation of goods declined and imports of buses and other public transportation passenger vehicles increased. Along with that, automotive companies are investing in advanced automobile parts, equipment, and systems. The automotive regulatory framework in Canada is similar to that in the United States, with a substantial number of the two countries' road safety standards-aligned.
In recent years, overall unit sales nearly quadrupled over the previous year, with a significant share of those being CNG vehicles and the remainder being LPG vehicle. Given the present public transportation enhancements, Canadian imports of buses and other public transportation passenger vehicles climbed in recent years. CNG, bumpers, clutches, drive-axles with differential, and gearboxes are among the other Canadian imports that have seen a rise in present days. Therefore, due to increasing demand of CNG supported vehicles in order to meet regional government strict emission guidelines. The regional CNG powertrain market is expected to grow in the forecast period.
The US market dominated the North America CNG Powertrain Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $24,554.2 Million by 2028. The Canada market is estimated to grow at a CAGR of 18.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global CNG Powertrain Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America CNG Powertrain Market, by Fuel Type
1.4.2 North America CNG Powertrain Market, by Vehicle Type
1.4.3 North America CNG Powertrain Market, by Drive Type
1.4.4 North America 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. North America CNG Powertrain Market by Fuel Type
3.1 North America Bi-fuel Market by Country
3.2 North America Mono Fuel Market by Country
Chapter 4. North America CNG Powertrain Market by Vehicle Type
4.1 North America Passenger Vehicle Market by Country
4.2 North America Commercial Vehicle Market by Country
Chapter 5. North America CNG Powertrain Market by Drive Type
5.1 North America Front Wheel Drive Market by Country
5.2 North America All-wheel Drive Market by Country
5.3 North America Rear Wheel Drive Market by Country
Chapter 6. North America CNG Powertrain Market by Country
6.1 US CNG Powertrain Market
6.1.1 US CNG Powertrain Market by Fuel Type
6.1.2 US CNG Powertrain Market by Vehicle Type
6.1.3 US CNG Powertrain Market by Drive Type
6.2 Canada CNG Powertrain Market
6.2.1 Canada CNG Powertrain Market by Fuel Type
6.2.2 Canada CNG Powertrain Market by Vehicle Type
6.2.3 Canada CNG Powertrain Market by Drive Type
6.3 Mexico CNG Powertrain Market
6.3.1 Mexico CNG Powertrain Market by Fuel Type
6.3.2 Mexico CNG Powertrain Market by Vehicle Type
6.3.3 Mexico CNG Powertrain Market by Drive Type
6.4 Rest of North America CNG Powertrain Market
6.4.1 Rest of North America CNG Powertrain Market by Fuel Type
6.4.2 Rest of North America CNG Powertrain Market by Vehicle Type
6.4.3 Rest of North America 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 North America CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 2 North America CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 3 North America CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 4 North America CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 5 North America Bi-fuel Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Bi-fuel Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Mono Fuel Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Mono Fuel Market by Country, 2022 - 2028, USD Million
TABLE 9 North America CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 10 North America CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 11 North America Passenger Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Passenger Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 15 North America CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 16 North America CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 17 North America Front Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Front Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 19 North America All-wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 20 North America All-wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Rear Wheel Drive Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Rear Wheel Drive Market by Country, 2022 - 2028, USD Million
TABLE 23 North America CNG Powertrain Market by Country, 2018 - 2021, USD Million
TABLE 24 North America CNG Powertrain Market by Country, 2022 - 2028, USD Million
TABLE 25 US CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 26 US CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 27 US CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 28 US CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 29 US CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 30 US CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 31 US CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 32 US CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 33 Canada CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 34 Canada CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 35 Canada CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 36 Canada CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 37 Canada CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 Canada CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 Canada CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 40 Canada CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 41 Mexico CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 42 Mexico CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 43 Mexico CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 44 Mexico CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 45 Mexico CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 Mexico CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 Mexico CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 48 Mexico CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 49 Rest of North America CNG Powertrain Market, 2018 - 2021, USD Million
TABLE 50 Rest of North America CNG Powertrain Market, 2022 - 2028, USD Million
TABLE 51 Rest of North America CNG Powertrain Market by Fuel Type, 2018 - 2021, USD Million
TABLE 52 Rest of North America CNG Powertrain Market by Fuel Type, 2022 - 2028, USD Million
TABLE 53 Rest of North America CNG Powertrain Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 54 Rest of North America CNG Powertrain Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 55 Rest of North America CNG Powertrain Market by Drive Type, 2018 - 2021, USD Million
TABLE 56 Rest of North America CNG Powertrain Market by Drive Type, 2022 - 2028, USD Million
TABLE 57 Key Information – Maruti Suzuki India Limited
TABLE 58 Key information – FPT Industrial
TABLE 59 key Information – Volvo Group
TABLE 60 key Information – Honda Motor Co. Ltd.
TABLE 61 Key information – Cummins, Inc.
TABLE 62 key Information – Hyundai Motor Company
TABLE 63 key Information – Volkswagen AG
TABLE 64 key information – Ford Motor Company
TABLE 65 Key Information – Bosch Rexroth AG
TABLE 66 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