Global Automotive Natural Gas Vehicle (NGV) Market Growth 2025-2031

Global Automotive Natural Gas Vehicle (NGV) Market Growth 2025-2031

The global Automotive Natural Gas Vehicle (NGV) market size is predicted to grow from US$ 9362 million in 2025 to US$ 14680 million in 2031; it is expected to grow at a CAGR of 7.8% from 2025 to 2031.

A natural gas vehicle (NGV) is an alternative fuel vehicle that uses compressed natural gas (CNG) or liquefied natural gas (LNG). Natural gas vehicles should not be confused with vehicles powered by LPG (mainly propane), which is a fuel with a fundamentally different composition.

Global Automotive Natural Gas Vehicle (NGV) key players include Maruti Suzuki, Volkswagen, Fiat, etc. Global top three manufacturers hold a share about 45%.

Asia-Pacific is the largest market, with a share about 50%, followed by Europe and South America, both have a share about 40 percent.

In terms of product, CNG Vehicle is the largest segment, with a share about 75%. And in terms of application, the largest application is Passenger Cars, followed by Commercial Vehicle.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Natural Gas Vehicle (NGV) Industry Forecast” looks at past sales and reviews total world Automotive Natural Gas Vehicle (NGV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Natural Gas Vehicle (NGV) sales for 2025 through 2031. With Automotive Natural Gas Vehicle (NGV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Natural Gas Vehicle (NGV) industry.

This Insight Report provides a comprehensive analysis of the global Automotive Natural Gas Vehicle (NGV) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Natural Gas Vehicle (NGV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Natural Gas Vehicle (NGV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Natural Gas Vehicle (NGV) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Natural Gas Vehicle (NGV).

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Natural Gas Vehicle (NGV) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
CNG Vehicle
LNG Vehicle

Segmentation by Application:
Passenger Cars
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Iran Khodro
Volvo Group
PSA
C&C Truck

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Natural Gas Vehicle (NGV) market?

What factors are driving Automotive Natural Gas Vehicle (NGV) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Natural Gas Vehicle (NGV) market opportunities vary by end market size?

How does Automotive Natural Gas Vehicle (NGV) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.