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Global Automotive Natural Gas Vehicle Market Growth, Size, Trends Analysis- By Fuel Type, By Vehicle Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Oct 16, 2025
Length 244 Pages
SKU # SPER20565955

Description

Automotive Natural Gas Vehicle Market Introduction and Overview

According to SPER market research, ‘Global Automotive Natural Gas Vehicle Market Size- By Fuel Type, By Vehicle Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Automotive Natural Gas Vehicle Market is predicted to reach 46.73 Billion by 2034 with a CAGR 3.08%.

Automotive Natural Gas Vehicles (NGVs) are vehicles powered by compressed natural gas (CNG) or liquefied natural gas (LNG) rather than conventional fuels like gasoline or diesel. They provide a cleaner, more environmentally friendly transportation option by reducing harmful emissions. NGVs are increasingly used in passenger cars, buses, and commercial fleets due to their cost-efficiency and lower fuel costs. With improvements in engine performance and fuel storage technology, they offer comparable functionality to traditional vehicles.

Restraints:

The automotive natural gas vehicle (NGV) market faces several hurdles that may slow growth. High initial costs for vehicles and refueling infrastructure make adoption less accessible, particularly for smaller fleets and individual users. Limited availability of refueling stations in many areas reduces convenience and vehicle range, discouraging potential buyers. Challenges related to engine compatibility, fuel storage, and safety also exist. Furthermore, fluctuating natural gas prices and inconsistent technological standards in certain regions create market uncertainty.

Scope of the report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034

Segments covered By

Fuel Type, By Vehicle Type

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered

AB Volvo, CNH Industrial N.V., Clean Energy Fuels, Cummins, Inc., Foton International, Hexagon Agility GmbH, Navistar, Inc., PACCAR Inc., Quantum Fuel Systems LLC, Westport Fuel Systems Inc.

Global Automotive Natural Gas Vehicle Market Segmentation:

By Fuel type: Based on the Fuel type, Global Automotive Natural Gas Vehicle Market is segmented as; CNG, LNG

By Vehicle type: Based on the Vehicle type, Global Automotive Natural Gas Vehicle Market is segmented as; Passenger vehicles, Light duty & heavy duty buses and trucks, Three wheelers

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

Table of Contents

244 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Natural Gas Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Natural Gas Vehicle Market
7. Global Automotive Natural Gas Vehicle Market, By Fuel type, (USD Million) 2021-2034
7.1. CNG
7.2. LNG
8. Global Automotive Natural Gas Vehicle Market, By Vehicle type, (USD Million) 2021-2034
8.1. Passenger vehicles
8.2. Light duty & heavy duty buses and trucks
8.3. Three wheelers
9. Global Automotive Natural Gas Vehicle Market, (USD Million) 2021-2034
9.1. Global Automotive Natural Gas Vehicle Market Size and Market Share
10. Global Automotive Natural Gas Vehicle Market, By Region, 2021-2034 (USD Million)
10.1. Asia-Pacific
10.1.1. Australia
10.1.2. China
10.1.3. India
10.1.4. Japan
10.1.5. South Korea
10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Italy
10.2.4. Spain
10.2.5. United Kingdom
10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia
10.3.2. United Arab Emirates
10.3.3. Qatar
10.3.4. South Africa
10.3.5. Egypt
10.3.6. Morocco
10.3.7. Nigeria
10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada
10.4.2. Mexico
10.4.3. United States
10.5. Latin America
10.5.1. Argentina
10.5.2. Brazil
10.5.3. Rest of Latin America
11. Company Profile
11.1. AB Volvo
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. CNH Industrial N. V.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Clean Energy Fuels
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Cummins, Inc.
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Foton International
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Hexagon Agility GmbH
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Navistar, Inc.
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. PACCAR Inc.
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Quantum Fuel Systems LLC
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Westport Fuel Systems Inc.
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links

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