CNG and LPG Vehicle Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War
The global CNG and LPG vehicle market is expected to grow at a CAGR of around 7.6% during 2025-2034. This report on global CNG and LPG vehicle market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global CNG and LPG vehicle market by segmenting the market based on type, vehicle type, kit type, sales channel, and region. Also, detailed profiles of companies operating in the CNG and LPG vehicle market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Low Operating Costs than Petroleum Vehicles
• Increasing Concerns for Low Emission Fuel Vehicles
Market Challenges
• Exposed to Cylinder Damages
• High Initial Costs
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Fuel Type
• Compressed Natural Gas (CNG)
• Liquefied Petroleum Gas (LPG)
Market by Vehicle Type
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicle
Market by Kit Type
• Venturi
• Sequential
Market by Sales Channel
• OEM/ Factory Fitted
• Retrofitting/Aftermarket
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1Objective
- 1.2Target Audience & Key Offerings
- 1.3Report’s Scope
- 1.4Research Methodology
- 1.4.1Phase I
- 1.4.2Phase II
- 1.4.3Phase III
- 1.5Assumptions
- 2.Key Insights
- 3.Global CNG and LPG Vehicle Market
- 3.1.Introduction
- 3.2.Market Drivers
- 3.3.Market Challenges
- 4.Global CNG and LPG Vehicle Market Analysis
- 4.1.Market Portraiture
- 4.2.Market Size
- 4.3.Market Forecast
- 4.4.Impact of COVID-19
- 4.5.Impact of Russia-Ukraine War
- 5.Global CNG and LPG Vehicle Market by Fuel Type
- 5.1.Introduction
- 5.2.Compressed Natural Gas (CNG)
- 5.3.Liquefied Petroleum Gas (LPG)
- 6.Global CNG and LPG Vehicle Market by Vehicle Type
- 6.1.Introduction
- 6.2.Passenger Cars
- 6.3.Light Commercial Vehicles
- 6.4.Heavy Commercial Vehicle
- 7.Global CNG and LPG Vehicle Market by Kit Type
- 7.1.Introduction
- 7.2.Venturi
- 7.3.Sequential
- 8.Global CNG and LPG Vehicle Market by Sales Channel
- 8.1.Introduction
- 8.2.OEM/ Factory Fitted
- 8.3.Retrofitting/Aftermarket
- 9.Global CNG and LPG Vehicle Market by Region
- 9.1.Introduction
- 9.2. Europe
- 9.2.1.Germany
- 9.2.2.United Kingdom
- 9.2.3.France
- 9.2.4.Italy
- 9.2.5.Spain
- 9.2.6.Russia
- 9.2.7.Netherlands
- 9.2.8.Rest of the Europe
- 9.3.North America
- 9.3.1.United States
- 9.3.2.Canada
- 9.4.Asia Pacific
- 9.4.1.China
- 9.4.2.Japan
- 9.4.3.India
- 9.4.4.South Korea
- 9.4.5.Australia
- 9.4.6.Indonesia
- 9.4.7.Rest of the Asia Pacific
- 9.5.Latin America
- 9.5.1.Mexico
- 9.5.2.Brazil
- 9.5.3.Argentina
- 9.5.4.Rest of Latin America
- 9.6.Middle East & Africa
- 9.6.1.Saudi Arabia
- 9.6.2.Turkey
- 9.6.3.Iran
- 9.6.4.United Arab Emirates
- 9.6.5.Rest of Middle East & Africa
- 10.SWOT Analysis
- 11.Porter’s Five Forces
- 12.Market Value Chain Analysis
- 13.Competitive Landscape
- 13.1.Competitive Scenario
- 13.2.Company Profiles
- 13.2.1.Ford Motor Co.
- 13.2.2.General Motors Co.
- 13.2.3.Honda Motor Company
- 13.2.4.Hyundai Motor Company
- 13.2.5.IVECO SpA.
- 13.2.6.Landi Renzo
- 13.2.7.Nissan Motor Co., Ltd.
- 13.2.8.Suzuki Motor Corporation
- 13.2.9.Tata Motors
- 13.2.10.Volkswagen AG
- 13.2.11.Westport Fuel Systems
- List of Figures
- Figure 1: Global CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 2: Global CNG and LPG Vehicle Market by Fuel Type, 2024
- Figure 3: Global CNG and LPG Vehicle Market by Vehicle Type, 2024
- Figure 4: Global CNG and LPG Vehicle Market by Kit Type, 2024
- Figure 5: Global CNG and LPG Vehicle Market by Sales Channel, 2024
- Figure 6: Global CNG and LPG Vehicle Market by Region, 2024
- Figure 7: Global CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 8: Global CNG and LPG Vehicle Market by Fuel Type (in %), 2024 & 2034
- Figure 9: Global Compressed Natural Gas (CNG) Vehicle Market (in US$ Million), 2020-2024
- Figure 10: Global Compressed Natural Gas (CNG) Vehicle Market (in US$ Million), 2025-2034
- Figure 11: Global Liquefied Petroleum Gas (LPG) Vehicle Market (in US$ Million), 2020-2024
- Figure 12: Global Liquefied Petroleum Gas (LPG) Vehicle Market (in US$ Million), 2025-2034
- Figure 13: Global CNG and LPG Vehicle Market by Vehicle Type (in %), 2024 & 2034
- Figure 14: Global Passenger Cars CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 15: Global Passenger Cars CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 16: Global Light Commercial Vehicles CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 17: Global Light Commercial Vehicles CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 18: Global Heavy Commercial Vehicle CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 19: Global Heavy Commercial Vehicle CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 20: Global CNG and LPG Vehicle Market by Kit Type (in %), 2024 & 2034
- Figure 21: Global Venturi CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 22: Global Venturi CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 23: Global Sequential CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 24: Global Sequential CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 25: Global CNG and LPG Vehicle Market by Sales Channel (in %), 2024 & 2034
- Figure 26: Global OEM/ Factory Fitted CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 27: Global OEM/ Factory Fitted CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 28: Global Retrofitting/Aftermarket CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 29: Global Retrofitting/Aftermarket CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 30: Global CNG and LPG Vehicle Market by Region (in %), 2024 & 2034
- Figure 31: Europe CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 32: Europe CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 33: Europe CNG and LPG Vehicle Market by Country (in %), 2024 & 2034
- Figure 34: Germany CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 35: United Kingdom CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 36: France CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 37: Italy CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 38: Spain CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 39: Russia CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 40: Netherlands CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 41: North America CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 42: North America CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 43: North America CNG and LPG Vehicle Market by Country (in %), 2024 & 2034
- Figure 44: United States CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 45: Canada CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 46: Asia Pacific CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 47: Asia Pacific CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 48: Asia Pacific CNG and LPG Vehicle Market by Country (in %), 2024 & 2034
- Figure 49: China CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 50: Japan CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 51: India CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 52: South Korea CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 53: Australia CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 54: Indonesia CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 55: Latin America CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 56: Latin America CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 57: Latin America CNG and LPG Vehicle Market by Country (in %), 2024 & 2034
- Figure 58: Mexico CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 59: Brazil CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 60: Argentina CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 61: Middle East & Africa CNG and LPG Vehicle Market (in US$ Million), 2020-2024
- Figure 62: Middle East & Africa CNG and LPG Vehicle Market (in US$ Million), 2025-2034
- Figure 63: Middle East & Africa CNG and LPG Vehicle Market by Country (in %), 2024 & 2034
- Figure 64: Saudi Arabia CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 65: Turkey CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 66: Iran CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 67: UAE CNG and LPG Vehicle Market (in US$ Million), 2020-2034
- Figure 68: Market Value Chain
- List of Tables
- Table 1: Global CNG and LPG Vehicle Market Portraiture
- Table 2: Global CNG and LPG Vehicle Market by Fuel Type (in US$ Million), 2024 & 2034
- Table 3: Global CNG and LPG Vehicle Market by Vehicle Type (in US$ Million), 2024 & 2034
- Table 4: Global CNG and LPG Vehicle Market by Kit Type (in US$ Million), 2024 & 2034
- Table 5: Global CNG and LPG Vehicle Market by Sales Channel (in US$ Million), 2024 & 2034
- Table 6: Global CNG and LPG Vehicle Market by Region (in US$ Million), 2024 & 2034
- Table 7: Europe CNG and LPG Vehicle Market by Country (in US$ Million), 2024 & 2034
- Table 8: North America CNG and LPG Vehicle Market by Country (in US$ Million), 2024 & 2034
- Table 9: Asia Pacific CNG and LPG Vehicle Market by Country (in US$ Million), 2024 & 2034
- Table 10: Latin America CNG and LPG Vehicle Market by Country (in US$ Million), 2024 & 2034
- Table 11: Middle East & Africa CNG and LPG Vehicle Market by Country (in US$ Million), 2024 & 2034
- Table 12: List of Key Players
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook