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
Segment by Application
- Buses
- Taxi
- Logistics Vehicles
- Other
By Region
- North America
- 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.
Table of Contents
1 Market Overview
- 1.1 Automotive Natural Gas Vehicle (NGV) Product Introduction
- 1.2 Global Automotive Natural Gas Vehicle (NGV) Market Size Forecast
- 1.2.1 Global Automotive Natural Gas Vehicle (NGV) Sales Value (2020-2031)
- 1.2.2 Global Automotive Natural Gas Vehicle (NGV) Sales Volume (2020-2031)
- 1.2.3 Global Automotive Natural Gas Vehicle (NGV) Sales Price (2020-2031)
- 1.3 Automotive Natural Gas Vehicle (NGV) Market Trends & Drivers
- 1.3.1 Automotive Natural Gas Vehicle (NGV) Industry Trends
- 1.3.2 Automotive Natural Gas Vehicle (NGV) Market Drivers & Opportunity
- 1.3.3 Automotive Natural Gas Vehicle (NGV) Market Challenges
- 1.3.4 Automotive Natural Gas Vehicle (NGV) Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Automotive Natural Gas Vehicle (NGV) Players Revenue Ranking (2024)
- 2.2 Global Automotive Natural Gas Vehicle (NGV) Revenue by Company (2020-2025)
- 2.3 Global Automotive Natural Gas Vehicle (NGV) Players Sales Volume Ranking (2024)
- 2.4 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Company Players (2020-2025)
- 2.5 Global Automotive Natural Gas Vehicle (NGV) Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Automotive Natural Gas Vehicle (NGV) Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Automotive Natural Gas Vehicle (NGV) Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Automotive Natural Gas Vehicle (NGV)
- 2.9 Automotive Natural Gas Vehicle (NGV) Market Competitive Analysis
- 2.9.1 Automotive Natural Gas Vehicle (NGV) Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Automotive Natural Gas Vehicle (NGV) Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Automotive Natural Gas Vehicle (NGV) as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 CNG Vehicle
- 3.1.2 LNG Vehicle
- 3.2 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Type
- 3.2.1 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Automotive Natural Gas Vehicle (NGV) Sales Value, by Type (2020-2031)
- 3.2.3 Global Automotive Natural Gas Vehicle (NGV) Sales Value, by Type (%) (2020-2031)
- 3.3 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Type
- 3.3.1 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Automotive Natural Gas Vehicle (NGV) Sales Volume, by Type (2020-2031)
- 3.3.3 Global Automotive Natural Gas Vehicle (NGV) Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Automotive Natural Gas Vehicle (NGV) Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Buses
- 4.1.2 Taxi
- 4.1.3 Logistics Vehicles
- 4.1.4 Other
- 4.2 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Application
- 4.2.1 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Automotive Natural Gas Vehicle (NGV) Sales Value, by Application (2020-2031)
- 4.2.3 Global Automotive Natural Gas Vehicle (NGV) Sales Value, by Application (%) (2020-2031)
- 4.3 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Application
- 4.3.1 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Automotive Natural Gas Vehicle (NGV) Sales Volume, by Application (2020-2031)
- 4.3.3 Global Automotive Natural Gas Vehicle (NGV) Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Automotive Natural Gas Vehicle (NGV) Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Region
- 5.1.1 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Region (2020-2025)
- 5.1.3 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Region (2026-2031)
- 5.1.4 Global Automotive Natural Gas Vehicle (NGV) Sales Value by Region (%), (2020-2031)
- 5.2 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Region
- 5.2.1 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Region (2020-2025)
- 5.2.3 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Region (2026-2031)
- 5.2.4 Global Automotive Natural Gas Vehicle (NGV) Sales Volume by Region (%), (2020-2031)
- 5.3 Global Automotive Natural Gas Vehicle (NGV) Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 5.4.2 North America Automotive Natural Gas Vehicle (NGV) Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 5.5.2 Europe Automotive Natural Gas Vehicle (NGV) Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 5.6.2 Asia Pacific Automotive Natural Gas Vehicle (NGV) Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 5.7.2 South America Automotive Natural Gas Vehicle (NGV) Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Automotive Natural Gas Vehicle (NGV) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Automotive Natural Gas Vehicle (NGV) Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Automotive Natural Gas Vehicle (NGV) Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Automotive Natural Gas Vehicle (NGV) Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 6.3.2 United States Automotive Natural Gas Vehicle (NGV) Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Automotive Natural Gas Vehicle (NGV) Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 6.4.2 Europe Automotive Natural Gas Vehicle (NGV) Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Automotive Natural Gas Vehicle (NGV) Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 6.5.2 China Automotive Natural Gas Vehicle (NGV) Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Automotive Natural Gas Vehicle (NGV) Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 6.6.2 Japan Automotive Natural Gas Vehicle (NGV) Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Automotive Natural Gas Vehicle (NGV) Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 6.7.2 South Korea Automotive Natural Gas Vehicle (NGV) Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Automotive Natural Gas Vehicle (NGV) Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 6.8.2 Southeast Asia Automotive Natural Gas Vehicle (NGV) Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Automotive Natural Gas Vehicle (NGV) Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Automotive Natural Gas Vehicle (NGV) Sales Value, 2020-2031
- 6.9.2 India Automotive Natural Gas Vehicle (NGV) Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Automotive Natural Gas Vehicle (NGV) Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Maruti Suzuki
- 7.1.1 Maruti Suzuki Company Information
- 7.1.2 Maruti Suzuki Introduction and Business Overview
- 7.1.3 Maruti Suzuki Automotive Natural Gas Vehicle (NGV) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Maruti Suzuki Automotive Natural Gas Vehicle (NGV) Product Offerings
- 7.1.5 Maruti Suzuki Recent Development
- 7.2 Fiat
- 7.2.1 Fiat Company Information
- 7.2.2 Fiat Introduction and Business Overview
- 7.2.3 Fiat Automotive Natural Gas Vehicle (NGV) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Fiat Automotive Natural Gas Vehicle (NGV) Product Offerings
- 7.2.5 Fiat Recent Development
- 7.3 FAW Jiefang
- 7.3.1 FAW Jiefang Company Information
- 7.3.2 FAW Jiefang Introduction and Business Overview
- 7.3.3 FAW Jiefang Automotive Natural Gas Vehicle (NGV) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 FAW Jiefang Automotive Natural Gas Vehicle (NGV) Product Offerings
- 7.3.5 FAW Jiefang Recent Development
- 7.4 Iran Khodro
- 7.4.1 Iran Khodro Company Information
- 7.4.2 Iran Khodro Introduction and Business Overview
- 7.4.3 Iran Khodro Automotive Natural Gas Vehicle (NGV) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Iran Khodro Automotive Natural Gas Vehicle (NGV) Product Offerings
- 7.4.5 Iran Khodro Recent Development
- 7.5 Volvo Group
- 7.5.1 Volvo Group Company Information
- 7.5.2 Volvo Group Introduction and Business Overview
- 7.5.3 Volvo Group Automotive Natural Gas Vehicle (NGV) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Volvo Group Automotive Natural Gas Vehicle (NGV) Product Offerings
- 7.5.5 Volvo Group Recent Development
- 7.6 Hyundai
- 7.6.1 Hyundai Company Information
- 7.6.2 Hyundai Introduction and Business Overview
- 7.6.3 Hyundai Automotive Natural Gas Vehicle (NGV) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Hyundai Automotive Natural Gas Vehicle (NGV) Product Offerings
- 7.6.5 Hyundai Recent Development
- 7.7 Tata Motors
- 7.7.1 Tata Motors Company Information
- 7.7.2 Tata Motors Introduction and Business Overview
- 7.7.3 Tata Motors Automotive Natural Gas Vehicle (NGV) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Tata Motors Automotive Natural Gas Vehicle (NGV) Product Offerings
- 7.7.5 Tata Motors Recent Development
- 7.8 Ashok Leyland
- 7.8.1 Ashok Leyland Company Information
- 7.8.2 Ashok Leyland Introduction and Business Overview
- 7.8.3 Ashok Leyland Automotive Natural Gas Vehicle (NGV) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Ashok Leyland Automotive Natural Gas Vehicle (NGV) Product Offerings
- 7.8.5 Ashok Leyland Recent Development
8 Industry Chain Analysis
- 8.1 Automotive Natural Gas Vehicle (NGV) Industrial Chain
- 8.2 Automotive Natural Gas Vehicle (NGV) Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Automotive Natural Gas Vehicle (NGV) Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Automotive Natural Gas Vehicle (NGV) Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer