The Market Reports

Synopsis
The global market for Automotive Natural Gas Vehicle (NGV) was estimated to be worth US$ 8613 million in 2024 and is forecast to a readjusted size of US$ 12455 million by 2031 with a CAGR of 5.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Automotive Natural Gas Vehicle (NGV) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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.
Natural Gas Vehicles (NGVs) are gaining renewed interest amid global decarbonization efforts, especially in regions where renewable energy and EV infrastructure remain underdeveloped. The Asia-Pacific region, led by China, India, and Pakistan, continues to dominate NGV adoption due to government subsidies, abundant gas reserves, and large commercial fleets. In contrast, North America and Europe are seeing NGVs positioned mainly for heavy-duty transport, such as long-haul trucks and municipal buses, where electric solutions are less viable due to range and power limitations.
A key trend is the gradual shift from CNG to LNG in heavy-duty applications, offering higher energy density and longer ranges. This is particularly evident in logistics and port operations. Moreover, with biogas and renewable natural gas (RNG) becoming more accessible, NGVs are also increasingly integrated into low-carbon mobility strategies.
However, market expansion remains uneven. While NGV penetration is growing in countries with mature infrastructure and policy support, others are facing stagnation due to inadequate refueling networks and the rapid rise of battery-electric alternatives. Automakers are also reassessing their NGV portfolios in light of shifting emission regulations and investment flows into hydrogen and electric vehicles.
Despite uncertainties, NGVs are likely to maintain relevance as a transitional solution—particularly in fleet-based operations and in regions where natural gas is cost-effective and readily available. Their role is evolving, from a mainstream alternative fuel option to a niche, pragmatic bridge toward cleaner transportation systems.
This report aims to provide a comprehensive presentation of the global market for Automotive Natural Gas Vehicle (NGV), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Automotive Natural Gas Vehicle (NGV) by region & country, by Type, and by Application.
The Automotive Natural Gas Vehicle (NGV) market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Natural Gas Vehicle (NGV).
Market Segmentation
By Company
Maruti Suzuki
Fiat
FAW Jiefang
Iran Khodro
Volvo Group
Hyundai
Tata Motors
Ashok Leyland
Segment by Type
CNG Vehicle
LNG Vehicle
Segment by Application
Buses
Taxi
Logistics Vehicles
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Automotive Natural Gas Vehicle (NGV) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Automotive Natural Gas Vehicle (NGV) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Automotive Natural Gas Vehicle (NGV) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index