Global CNG Vehicles Market Growth 2025-2031

Global CNG Vehicles Market Growth 2025-2031

The global CNG Vehicles market size is predicted to grow from US$ 51210 million in 2025 to US$ 65760 million in 2031; it is expected to grow at a CAGR of 4.3% from 2025 to 2031.

Compressed natural gas vehicle is an alternative fuel vehicle that uses compressed natural gas as the fuel rather than gasoline or diesel. CNG, or compressed natural gas, is stored at high pressure, 3,000 to 3,600 pounds per square inch (21 to 25 MPa). The required tank is more massive and costly than a conventional fuel tank. The CNG vehicle’s emissions are cleaner, with lower emissions of carbon and lower particulate emissions per equivalent distance traveled. There is generally less wasted fuel.

United States market for CNG Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for CNG Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for CNG Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key CNG Vehicles players cover Fiat Chrysler, Volkswagen, Ford, General Motors, Toyota, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

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

This Insight Report provides a comprehensive analysis of the global CNG Vehicles 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 CNG Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global CNG Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CNG Vehicles 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 CNG Vehicles.

This report presents a comprehensive overview, market shares, and growth opportunities of CNG Vehicles market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
OEM
Car Modification

Segmentation by Application:
Personal
Commercial

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.
Fiat Chrysler
Volkswagen
Ford
General Motors
Toyota
Iran Khodro
Nissan
Volvo Group
Hyundai
Honda
Suzuki
Mercedes-Benz
Renault
PSA Peugeot Citroen
Great Wall Motors

Key Questions Addressed in this Report

What is the 10-year outlook for the global CNG Vehicles market?

What factors are driving CNG Vehicles market growth, globally and by region?

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

How do CNG Vehicles market opportunities vary by end market size?

How does CNG Vehicles break out by Type, by Application?

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