시퀀셜 CNG 키트 시장 규모는 2023년 1조 2,000억 달러로 평가되었습니다. 또한, 2024년 1조 2,900억 달러에서 2032년 2조 3,600억 달러로 성장하고, 예측 기간(2025-2032년) 동안 7.8%의 연평균 복합 성장률(CAGR)을 보일 것으로 예상됩니다.
시장 인사이트에 따르면 벌크 CNG와 LPG의 비용 효율성, 특히 델리에서 1kg의 CNG 가격이 휘발유 1.38달러, 디젤 1.21달러에 비해 약 0.59달러로 CNG 키트 시장의 급속한 성장을 가속하고 있습니다. 버스와 소형 상용차에서 사용이 증가하고 있으며, 자동차가 주류를 차지하는 CNG 엔진 차량에 대한 수요가 증가하면서 자동차 CNG/LPG 키트 시장이 확대되고 있습니다. 그러나 장기 저장 및 탱크 크기와 관련된 문제가 LPG 키트의 성장을 저해하고 있어 2027년까지 시장 개척이 둔화될 것으로 예상됩니다. 전반적으로 CNG 키트는 유망한 성장세를 보이는 반면, LPG 키트는 인도의 진화하는 자동차 상황에서 장애물에 직면할 가능성이 있습니다.
Sequential CNG Kit Market size was valued at USD 1.2 trillion in 2023 and is poised to grow from USD 1.29 trillion in 2024 to USD 2.36 trillion by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).
Market insights indicate that the cost-effectiveness of bulk CNG and LPG, particularly in Delhi where 1 kg of CNG is priced at approximately USD 0.59 compared to USD 1.38 for petrol and USD 1.21 for diesel, is driving a rapid growth in the CNG kit market. Dominated by automobiles, the demand for CNG-powered vehicles is rising, alongside increased usage in buses and light commercial vehicles, which augments the market for automotive CNG/LPG kits. However, challenges related to long-term storage and tank size are likely to hinder the growth of LPG kits, projecting a slowdown in their market development through 2027. Overall, while CNG kits show promising expansion, LPG kits may face obstacles in the evolving automotive landscape in India.
Top-down and bottom-up approaches were used to estimate and validate the size of the Sequential Cng Kit market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Sequential Cng Kit Market Segments Analysis
Global Sequential CNG Kit Market is segmented by Sale Channels, Vehicle Type and region. Based on Sale Channels, the market is segmented into OEMS, Aftermarket and Online Retail. Based on Vehicle Type, the market is segmented into Hatchback, Sedan, SUV and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Sequential Cng Kit Market
The variable nature of crude oil prices has spurred a growing interest in alternative fuels, particularly Compressed Natural Gas (CNG). Due to its more affordable and consistent pricing, many vehicle owners are turning to CNG kits as a viable solution to mitigate their fuel expenses. This shift toward CNG not only offers cost savings but also provides a more stable energy source amidst the volatility of traditional fuel markets. Consequently, the Sequential CNG Kit market is experiencing significant growth as consumers seek economical and efficient options for their vehicles, ultimately driving demand for these innovative fuel systems.
Restraints in the Sequential Cng Kit Market
A significant challenge facing the global sequential CNG kit market is the insufficient availability of refueling infrastructure for CNG vehicles. The scarcity of CNG refueling stations, coupled with the high expenses associated with establishing new facilities, poses a substantial barrier to market expansion. This lack of accessible refueling options not only limits consumer adoption of CNG vehicles but also hinders the overall growth and development of the sequential CNG kit market, as potential buyers may be discouraged by the inconvenience and costs associated with ensuring their vehicles can be refueled efficiently.
Market Trends of the Sequential Cng Kit Market
The Sequential CNG Kit market is witnessing a robust upward trend, driven by the increasing embrace of compressed natural gas (CNG) as a viable alternative fuel source. Major original equipment manufacturers (OEMs) are integrating CNG-fitted vehicles into their offerings, aligning with global government initiatives that promote cleaner transportation options. These initiatives often include incentives aimed at encouraging consumers to transition from traditional fuels to CNG, bolstering market demand. Moreover, heightened environmental awareness and stringent emission regulations are further propelling the adoption of CNG technology. As a result, the Sequential CNG Kit market is poised for significant growth in the coming years, reflecting a broader shift towards sustainable automotive solutions.