In 2023, the number of Liquefied Natural Gas (LNG) motor coaches, buses, and trolley buses in France was observed to be at a level which only slightly increased by the next year. Projections for 2024 to 2028 anticipate a steady annual growth, reflected by year-on-year increases ranging between approximately 2% to 2.5%. The compound annual growth rate (CAGR) over the five-year forecast period suggests a moderate but stable growth trend in volume.
Future Trends to Watch:
- Technological advancements in vehicle manufacturing that may increase LNG vehicle efficiency.
- Government policies promoting sustainable transportation could further boost LNG vehicle adoption.
- Potential competition from other alternative fuel technologies which could impact LNG vehicle market share.