LNG heavy trucks are heavy trucks that use compressed natural gas (CNG) and liquefied natural gas (LNG) as engine fuels.
Market Analysis and Insights: Global LNG Heavy-duty Truck Market
Due to the COVID-19 pandemic, the global LNG Heavy-duty Truck market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Single Fuel Natural Gas Heavy Duty Truck accounting for % of the LNG Heavy-duty Truck global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Transportation Industry segment is altered to an % CAGR throughout this forecast period.
China LNG Heavy-duty Truck market size is valued at US$ million in 2021, while the US and Europe LNG Heavy-duty Truck are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe LNG Heavy-duty Truck landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of LNG Heavy-duty Truck include Iveco, Volvo Trucks, CNHTC, Shaanxi Automobile Group, Faw jiefang, Cimc, Foton Motor, Dongfeng Trucks and Beiben Trucks, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the LNG Heavy-duty Truck capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of LNG Heavy-duty Truck by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global LNG Heavy-duty Truck Scope and Segment
LNG Heavy-duty Truck market is segmented by Type and by Application. Players, stakeholders, and other participants in the global LNG Heavy-duty Truck market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Single Fuel Natural Gas Heavy Duty Truck
Dual Fuel Natural Gas Heavy Duty Truck
Segment by Application
Transportation Industry
Building Industry
Others
By Company
Iveco
Volvo Trucks
CNHTC
Shaanxi Automobile Group
Faw jiefang
Cimc
Foton Motor
Dongfeng Trucks
Beiben Trucks
Daimler
Paccar
Isuzu Motors Ltd
Dayun
SANY Group
Hongyan Truck
Geely
Hanma Technology
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E