Report Highlights
The global market for alternative powered commercial vehicles totaled $8.1 billion in 2014 and $5.7 billion in 2015. The market should total $13.2 billion by 2020, in the base case of $80-per-barrel oil, demonstrating a compound annual growth rate (CAGR) of 18.4% from 2015 to 2020.
Report Includes
- An overview of the global markets for alternatively powered commercial vehicles.
- Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Multiple scenarios of the future environment for the cost of fuel, the cost of the incremental equipment, and the savings generated by the incremental equipment utilizing the alternative fuels.
- A regional breakdown of the market into North America, Latin America, EMEA, and Asia-Pacific.
- Further breakdowns within the above regions into heavy duty, medium duty, and light duty commercial vehicles.
- Coverage of ten alternative fuel types including Compressed natural gas (CNG), Liquid natural gas (LNG), Liquid petroleum gas (LPG), also known as Autogas, Dimethyl ether (DME), Renewable natural gas (Bio Methane), Biodiesel, Ethanol, Methanol, Hydrogen, and Hythane.
- Profiles of key players and suppliers.
Report Scope
The global market for the incremental up-fit costs to equip commercial vehicles for alternative fuels are measured for 2014 and projected from 2015 through 2020.
This report focuses on 10 major alternative fuels for commercial vehicles across North America; Latin America; Europe, the Middle East and Africa (EMEA); and the Asia-Pacific region:
- Compressed natural gas (CNG).
- Liquid natural gas (LNG).
- Liquid petroleum gas (LPG), also known as autogas.
- Dimethyl ether (DME).
- Renewable natural gas (Bio Methane).
- Biodiesel.
- Ethanol.
- Methanol.
- Hydrogen.
- Hythane.
To maintain a commonality within only those power sources that are utilized by internal combustion engines this report excludes:
- All electric (battery) vehicles.
- Hybrid electric battery and generator/internal combustion vehicles.
- Fuel-cell powered electric vehicles.
Analyst Credentials
JON GABRIELSEN is a consultant specializing in market economics of supply chains, manufacturing and industries ranging from chemicals and metals to pharmaceuticals. With more than 30 years industry experience globally with both buyers and sellers, he focuses on strategy and operations. He holds a bachelor's degree in industrial technology from Eastern Michigan University and an MBA in finance from University of Michigan.
Related Reports
Global Markets for Automotive Sensor Technologies
The global market for automotive sensor technologies was valued at $37.0 billion in 2023. This market is expected to grow from $37.8 billion in 2024 to $51.6 billion by 2029, at a compound annual growth rate (CAGR) of 6.4% from 2024 through 2029.
Electric Vehicles and Fuel Cell Vehicles: Global Markets
The global market for electric vehicles and fuel cell vehicles was valued at $655.9 billion in 2023. The market is expected to grow from $758.0 billion in 2024 to $1.8 trillion by 2029, at a compound annual growth rate (CAGR) of 18.6% from 2024 to 2029.
Intelligent Surface Transport Management System (ISTMS): Global Markets
The global market for intelligent surface transport management system (ISTMS) should grow from $124.3 billion in 2020 to $290.4 billion by 2025 with a compound annual growth rate (CAGR) of 18.5% for the period of 2020-2025.
Large and Advanced Battery Technology and Markets
The global market for large and advanced batteries should grow from $64.1 billion in 2019 to $109.9 billion by 2024 with a compound annual growth rate (CAGR) of 11.4% for the period of 2019-2024.
Track the Latest Global Tariff Developments
In today's fast-paced global economy, tariffs are no longer static—they are dynamic levers shaped by geopolitical realignments, supply chain vulnerabilities, inflationary pressures, and sustainability-driven trade reforms. As governments worldwide recalibrate their trade strategies, businesses are left to navigate a maze of shifting rules, rising costs, and regulatory uncertainty.
Our analysis empowers you with real-time updates and in-depth expert analysis on all facets of global tariff activity. From new trade agreements and sanctions to abrupt tariff hikes and retaliatory duties, we monitor developments across borders, sectors, and industries—so you don't have to.
Whether it's the ongoing U.S.–China trade dynamics, the evolving EU Carbon Border Adjustment Mechanism (CBAM), or the emerging policies in India, ASEAN, and Latin America, we provide full-spectrum coverage. We also track multilateral trade negotiations, World Trade Organization (WTO) rulings, and sector-specific duty structures—ensuring you are always ahead of global trade shifts.
With our analysis, you can stay informed, identify risks, and confidently respond to tariff changes—no matter where you operate.
Ready to see what tariff means for your business?
Consult with our experts or request your custom Tariff Impact Brife today
Stay Informed, Stay Competitive
In today's interconnected and unpredictable global economy, staying ahead of tariff shifts is not just important—it's essential. BCC Research provides decision-makers with trusted, research-driven insights that turn uncertainty into opportunity.
Our in-depth market analysis and trade intelligence help you decode how tariff changes impact your specific sector—manufacturing, healthcare, technology, agriculture, or energy. We break down complex data into actionable knowledge through comprehensive reports, expert commentaries, and sector-focused forecasts.
Our analysis includes:
- Thorough breakdowns of current and proposed tariff policies and how they affect regional and global trade flows.
- Sector-specific implications, helping you understand the strategic impact on sourcing, pricing, and competitiveness.
- Forward-looking insights to support risk management, planning, and response strategies for evolving trade conditions.
With BCC Research, you gain more than just information—you gain clarity and confidence to make well-informed decisions in a volatile trade environment.
Don't let tariffs catch you off guard—let our insights guide your strategy.
Recent Reports
Water and Wastewater Treatment Technologies: Global Markets
The global market for water and wastewater treatment technologies is expected to grow from $350.7 billion in 2025 and is projected to reach $591.2 billion by the end of 2030, at a compound annual growth rate (CAGR) of 11.0% during the forecast period of 2025 to 2030.
U.S. Indoor Air Quality Market
The U.S. indoor air quality (IAQ) market was valued at $10.2 billion in 2023. It is expected to grow from $10.5 billion in 2024 to $12.9 billion by 2029, at a compound annual growth rate (CAGR) of 4.3% from 2024 through 2029.
Global Carbon Dioxide Removals (CDR) Market
The global carbon dioxide removal (CDR) market is expected to grow from $3.4 billion in 2024 to $25.0 billion by 2029, at a compound annual growth rate (CAGR) of 49.0% from 2024 through 2029.
Green Hydrogen: Global Markets
The global market for green hydrogen is expected to grow from $5.2 billion in 2024 and is projected to reach $38.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 48.7% during the forecast period of 2024 to 2029.
Water Meters, Water Quality Sensors and Water Leak Detection: Global Markets
The global market for water meters is estimated to increase from $15.0 billion in 2023 to reach $19.3 billion by 2029, at a compound annual growth rate (CAGR) of 4.5% from 2024 through 2029.
Top Trending Reports
Next-Generation Advanced Batteries: Global Markets
The global market for next-generation advanced batteries is estimated to grow from $1.5 billion in 2024 to reach $5.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% from 2024 through 2029.
Global Pharmaceutical Drugs Industry: Competitive Landscape 2023
This report discusses the global pharmaceutical drugs industry and its competitive landscape in terms of significant player market ranking and top pharmaceutical drugs. Company profiles of the top 50 pharmaceutical companies, innovative products and technologies, trends and market dynamics, competitive intelligence, and regional trends are well-researched and analyzed in this report.
Biologic Therapeutic Drugs: Technologies and Global Markets
The global market for biologic therapeutic drugs is estimated to increase from $499.2 billion in 2024 to reach $794.5 billion by 2029, at a compound annual growth rate (CAGR) of 9.7% from 2024 through 2029.
Global Markets and Manufacturing Technologies for Protein Drugs
The global protein drugs market is expected to grow from $441.7 billion in 2024 and is projected to reach $655.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 8.2% during the forecast period of 2024 to 2029.
2024 Medical Devices Research Review
The medical device industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years These devices treat and diagnose a multitude of patient conditions and work much better than drugs.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More