Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch＇s in-depth investigation and research, the global Compressed Natural Gas and Liquefied Natural Gas Vehicle market size will reach 15,822 Million USD in 2025 and is projected to reach 30,268 Million USD by 2032, with a CAGR of 9.71% (2025-2032). Notably, the China Compressed Natural Gas and Liquefied Natural Gas Vehicle market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.

Research Summary

Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) vehicles are two types of vehicles that use natural gas as a fuel source. CNG vehicles store natural gas in high-pressure cylinders, where it remains in a gaseous state. On the other hand, LNG vehicles store natural gas in cryogenic tanks, where it is cooled to a very low temperature and becomes a liquid. Both CNG and LNG vehicles are considered cleaner alternatives to traditional gasoline and diesel vehicles as they produce lower emissions, contributing to reduced air pollution and greenhouse gas emissions. These vehicles have gained popularity in the transportation sector due to their environmental benefits and potential cost savings on fuel. The choice between CNG and LNG vehicles depends on factors like vehicle type, range requirements, and infrastructure availability for refueling.

The major global  manufacturers of Compressed Natural Gas and Liquefied Natural Gas Vehicle include Maruti Suzuki, Iran Khodro, Volkswagen, Hyundai Motor, Stellantis, FAW Group, General Motors, Chang＇an Automobile, Honda, Volvo Truck, IVECO, Scania, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Compressed Natural Gas and Liquefied Natural Gas Vehicle. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Compressed Natural Gas and Liquefied Natural Gas Vehicle market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Compressed Natural Gas and Liquefied Natural Gas Vehicle market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Compressed Natural Gas and Liquefied Natural Gas Vehicle industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Compressed Natural Gas and Liquefied Natural Gas Vehicle Include:

Maruti Suzuki

Iran Khodro

Volkswagen

Hyundai Motor

Stellantis

FAW Group

General Motors

Chang＇an Automobile

Honda

Volvo Truck

IVECO

Scania

Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Segment Include:

CNG Vehicle

LNG Vehicle

Compressed Natural Gas and Liquefied Natural Gas Vehicle Product Application Include:

Passenger Vehicle

Commercial Vehicle

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Industry PESTEL Analysis

Chapter 3: Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Industry Porter's Five Forces Analysis

Chapter 4: Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 5: Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 6: Global Compressed Natural Gas and Liquefied Natural Gas Vehicle Sales, Revenue, Price and Forecast by Product Type

Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 8: Industrial Chain Analysis, Compressed Natural Gas and Liquefied Natural Gas Vehicle Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology and Data Sources Show more