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Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Research Report 2025

Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1697836

No of Pages : 99

Synopsis
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 autogas vehicles powered by liquefied petroleum gas (LPG), mainly propane, a fuel with a fundamentally different composition.In a natural-gas-powered vehicle, energy is released by the combustion of methane gas (CH4) fuel with oxygen (O2) from the air to form carbon dioxide (CO2) and water vapor (H2O) in an internal combustion engine. Methane is the cleanest burning hydrocarbon, and many contaminants present in natural gas are removed at the source. Existing gasoline-powered vehicles may be converted to run on CNG or LNG and can be dedicated (running only on natural gas) or bi-fuel (running on either gasoline or natural gas). Diesel engines for heavy trucks and buses can also be converted and can be dedicated with the addition of new heads containing spark ignition systems, or can be run on a blend of diesel and natural gas, with the primary fuel being natural gas and a small amount of diesel fuel being used as an ignition source. It is also possible to generate energy in a small gas turbine and couple the gas engine or turbine with a small electric battery to create a hybrid electric motor-driven vehicle.
The global Compressed Natural Gas and Liquefied Natural Gas Vehicle market was valued at US$ 11640 million in 2023 and is anticipated to reach US$ 21440 million by 2030, witnessing a CAGR of 9.4% during the forecast period 2024-2030.
Global key players of compressed natural gas and liquefied natural gas vehicle include Maruti Suzuki, Iran Khodro, Volkswagen, Hyundai Motor, Stellantis, etc. Global top five manufacturers hold a share over 42%. India is the largest producer of compressed natural gas and liquefied natural gas vehicle, holds a share over 18%. In terms of product, CNG vehicle is the largest segment, with a share over 73%. And in terms of application, the largest application is passenger vehicle, with a share over 75%, followed by commercial vehicle.
This report aims to provide a comprehensive presentation of the global market for Compressed Natural Gas and Liquefied Natural Gas Vehicle, 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 Compressed Natural Gas and Liquefied Natural Gas Vehicle.
Report Scope
The Compressed Natural Gas and Liquefied Natural Gas Vehicle market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Compressed Natural Gas and Liquefied Natural Gas Vehicle market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Compressed Natural Gas and Liquefied Natural Gas Vehicle manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Maruti Suzuki
Iran Khodro
Volkswagen
Hyundai Motor
Stellantis
FAW Group
Chang'an Automobile
General Motors
Honda
Volvo Truck
IVECO
Scania
Segment by Type
CNG Vehicle
LNG Vehicle
Segment by Application
Passenger Vehicle
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
South Korea
India
Middle East & Africa
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Compressed Natural Gas and Liquefied Natural Gas Vehicle manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Compressed Natural Gas and Liquefied Natural Gas Vehicle by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Compressed Natural Gas and Liquefied Natural Gas Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces 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 10: The main points and conclusions of the report.
Index
1 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Overview
1.1 Product Definition
1.2 Compressed Natural Gas and Liquefied Natural Gas Vehicle Segment by Type
1.2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 CNG Vehicle
1.2.3 LNG Vehicle
1.3 Compressed Natural Gas and Liquefied Natural Gas Vehicle Segment by Application
1.3.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Passenger Vehicle
1.3.3 Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Estimates and Forecasts (2019-2030)
1.4.4 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Market Share by Manufacturers (2019-2024)
2.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Compressed Natural Gas and Liquefied Natural Gas Vehicle, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Compressed Natural Gas and Liquefied Natural Gas Vehicle, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Compressed Natural Gas and Liquefied Natural Gas Vehicle, Product Offered and Application
2.8 Global Key Manufacturers of Compressed Natural Gas and Liquefied Natural Gas Vehicle, Date of Enter into This Industry
2.9 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Competitive Situation and Trends
2.9.1 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Concentration Rate
2.9.2 Global 5 and 10 Largest Compressed Natural Gas and Liquefied Natural Gas Vehicle Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Compressed Natural Gas and Liquefied Natural Gas Vehicle Production by Region
3.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value by Region (2019-2030)
3.2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Compressed Natural Gas and Liquefied Natural Gas Vehicle by Region (2025-2030)
3.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production by Region (2019-2030)
3.4.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Compressed Natural Gas and Liquefied Natural Gas Vehicle by Region (2025-2030)
3.5 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Price Analysis by Region (2019-2024)
3.6 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production and Value, Year-over-Year Growth
3.6.1 North America Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts (2019-2030)
3.6.7 Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Estimates and Forecasts (2019-2030)
4 Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption by Region
4.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption by Region (2019-2030)
4.2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption by Region (2019-2024)
4.2.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Compressed Natural Gas and Liquefied Natural Gas Vehicle Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production by Type (2019-2030)
5.1.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production by Type (2019-2024)
5.1.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production by Type (2025-2030)
5.1.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Market Share by Type (2019-2030)
5.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value by Type (2019-2030)
5.2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value by Type (2019-2024)
5.2.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value by Type (2025-2030)
5.2.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Market Share by Type (2019-2030)
5.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Price by Type (2019-2030)
6 Segment by Application
6.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production by Application (2019-2030)
6.1.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production by Application (2019-2024)
6.1.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production by Application (2025-2030)
6.1.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Market Share by Application (2019-2030)
6.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value by Application (2019-2030)
6.2.1 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value by Application (2019-2024)
6.2.2 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value by Application (2025-2030)
6.2.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Value Market Share by Application (2019-2030)
6.3 Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Maruti Suzuki
7.1.1 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.1.2 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.1.3 Maruti Suzuki Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Maruti Suzuki Main Business and Markets Served
7.1.5 Maruti Suzuki Recent Developments/Updates
7.2 Iran Khodro
7.2.1 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.2.2 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.2.3 Iran Khodro Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Iran Khodro Main Business and Markets Served
7.2.5 Iran Khodro Recent Developments/Updates
7.3 Volkswagen
7.3.1 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.3.2 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.3.3 Volkswagen Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Volkswagen Main Business and Markets Served
7.3.5 Volkswagen Recent Developments/Updates
7.4 Hyundai Motor
7.4.1 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.4.2 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.4.3 Hyundai Motor Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Hyundai Motor Main Business and Markets Served
7.4.5 Hyundai Motor Recent Developments/Updates
7.5 Stellantis
7.5.1 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.5.2 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.5.3 Stellantis Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Stellantis Main Business and Markets Served
7.5.5 Stellantis Recent Developments/Updates
7.6 FAW Group
7.6.1 FAW Group Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.6.2 FAW Group Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.6.3 FAW Group Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.6.4 FAW Group Main Business and Markets Served
7.6.5 FAW Group Recent Developments/Updates
7.7 Chang'an Automobile
7.7.1 Chang'an Automobile Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.7.2 Chang'an Automobile Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.7.3 Chang'an Automobile Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Chang'an Automobile Main Business and Markets Served
7.7.5 Chang'an Automobile Recent Developments/Updates
7.8 General Motors
7.8.1 General Motors Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.8.2 General Motors Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.8.3 General Motors Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.8.4 General Motors Main Business and Markets Served
7.7.5 General Motors Recent Developments/Updates
7.9 Honda
7.9.1 Honda Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.9.2 Honda Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.9.3 Honda Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Honda Main Business and Markets Served
7.9.5 Honda Recent Developments/Updates
7.10 Volvo Truck
7.10.1 Volvo Truck Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.10.2 Volvo Truck Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.10.3 Volvo Truck Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Volvo Truck Main Business and Markets Served
7.10.5 Volvo Truck Recent Developments/Updates
7.11 IVECO
7.11.1 IVECO Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.11.2 IVECO Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.11.3 IVECO Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.11.4 IVECO Main Business and Markets Served
7.11.5 IVECO Recent Developments/Updates
7.12 Scania
7.12.1 Scania Compressed Natural Gas and Liquefied Natural Gas Vehicle Corporation Information
7.12.2 Scania Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Portfolio
7.12.3 Scania Compressed Natural Gas and Liquefied Natural Gas Vehicle Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Scania Main Business and Markets Served
7.12.5 Scania Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Compressed Natural Gas and Liquefied Natural Gas Vehicle Industry Chain Analysis
8.2 Compressed Natural Gas and Liquefied Natural Gas Vehicle Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Compressed Natural Gas and Liquefied Natural Gas Vehicle Production Mode & Process
8.4 Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales and Marketing
8.4.1 Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales Channels
8.4.2 Compressed Natural Gas and Liquefied Natural Gas Vehicle Distributors
8.5 Compressed Natural Gas and Liquefied Natural Gas Vehicle Customers
9 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Dynamics
9.1 Compressed Natural Gas and Liquefied Natural Gas Vehicle Industry Trends
9.2 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Drivers
9.3 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Challenges
9.4 Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Published By : QY Research

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