Global Automotive Natural Gas Vehicle Market Size Study & Forecast, by Fuel Type (CNG and LNG), by Vehicle Type (Light-duty Vehicle, Medium-duty Vehicle, and Heavy-duty Vehicle), and Regional Forecasts 2025–2035

The Global Automotive Natural Gas Vehicle Market is valued approximately at USD 14.3 billion in 2024 and is anticipated to grow at a healthy CAGR of more than 5.18% over the forecast period 2025–2035. As the world pivots toward sustainable mobility solutions, natural gas vehicles (NGVs) are emerging as a transitional technology poised to decarbonize the automotive sector while leveraging existing fuel infrastructure. Offering cleaner combustion, lower greenhouse gas emissions, and reduced fuel costs compared to traditional gasoline or diesel vehicles, NGVs are garnering traction across both public and commercial transportation fleets. Driven by energy security concerns and mounting environmental regulations, the automotive industry is increasingly integrating compressed natural gas (CNG) and liquefied natural gas (LNG) into its propulsion portfolio to curb dependence on petroleum and reduce tailpipe emissions.

Rising investments in gas distribution infrastructure, favorable government subsidies, and technological innovation in storage and engine systems are accelerating NGV adoption across global markets. A surge in logistics and public transit needs—coupled with economic incentives for fleet conversions—has particularly galvanized demand for medium- and heavy-duty vehicles powered by natural gas. According to data from the International Energy Agency, the global vehicle stock of natural gas vehicles has been expanding steadily, especially in nations where urban air quality and oil import bills remain critical concerns. Furthermore, advancements in LNG truck engine designs and improvements in fuel range have made NGVs a compelling option for long-haul and intercity transportation, once dominated solely by diesel.

Regionally, Asia Pacific remains at the forefront, both in volume and policy support. Countries like China, India, and Pakistan have deployed extensive CNG networks, aligning national energy strategies with NGV integration. China, for instance, is actively rolling out green freight corridors powered by LNG fleets. In North America, the United States leads with a strong presence of CNG-powered municipal buses and waste collection trucks, supported by state-level emissions mandates and grants. Europe is progressively catching up, with Italy and Germany investing heavily in LNG stations and clean transport corridors, in line with the EU’s decarbonization goals. Meanwhile, the Middle East is positioning itself as an LNG exporter and regional NGV adopter, particularly for heavy-duty applications.

Major market player included in this report are:
• Schlumberger Limited.
• Halliburton Company
• Baker Hughes Company
• BASF SE
• Chevron Phillips Chemical Company
• Aubin Group
• Croda International Plc.
• M&D Industries Of Louisiana, Inc.
• Trican Well Service Ltd.
• Impact Fluid Solutions
• TotalEnergies SE
• ExxonMobil Corporation
• Engie SA
• Volvo Group
• IVECO S.p.A.

Global Automotive Natural Gas Vehicle Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Fuel Type:
• CNG
• LNG

By Vehicle Type:
• Light-duty Vehicle
• Medium-duty Vehicle
• Heavy-duty Vehicle

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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