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

Description

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
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

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:

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.

Chapter 1. Global Automotive Natural Gas Vehicle Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Automotive Natural Gas Vehicle Market Forces Analysis

3.1. Market Forces Shaping The Global Automotive Natural Gas Vehicle Market (2024-2035)
3.2. Drivers
- 3.2.1. Increasing environmental regulations promoting cleaner fuels
- 3.2.2. Government subsidies and incentives for NGV adoption
- 3.2.3. Rising demand for cost-effective fuel alternatives for fleet operations
3.3. Restraints
- 3.3.1. Limited refueling infrastructure in emerging regions
- 3.3.2. High initial cost of NGV conversion and storage systems
3.4. Opportunities
- 3.4.1. Technological advancements in LNG engine and storage systems
- 3.4.2. Rapid industrialization and urban transport demand in Asia Pacific

Chapter 4. Global Automotive Natural Gas Vehicle Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Natural Gas Vehicle Market Size & Forecasts by Fuel Type 2025-2035

5.1. Market Overview
5.2. CNG
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis, by Region, 2025-2035
5.3. LNG
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Automotive Natural Gas Vehicle Market Size & Forecasts by Vehicle Type 2025-2035

6.1. Market Overview
6.2. Light-duty Vehicle
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis, by Region, 2025-2035
6.3. Medium-duty Vehicle
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Heavy-duty Vehicle
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Automotive Natural Gas Vehicle Market Size & Forecasts by Region 2025-2035

7.1. Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Automotive Natural Gas Vehicle Market
- 7.3.1. U.S.
  - 7.3.1.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.3.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.3.2. Canada
  - 7.3.2.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.3.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
7.4. Europe Automotive Natural Gas Vehicle Market
- 7.4.1. UK
  - 7.4.1.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.2. Germany
  - 7.4.2.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.3. France
  - 7.4.3.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.4. Spain
  - 7.4.4.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.4.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.5. Italy
  - 7.4.5.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.5.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.4.6. Rest of Europe
  - 7.4.6.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.6.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
7.5. Asia Pacific Automotive Natural Gas Vehicle Market
- 7.5.1. China
  - 7.5.1.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.2. India
  - 7.5.2.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.3. Japan
  - 7.5.3.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.4. Australia
  - 7.5.4.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.4.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.5. South Korea
  - 7.5.5.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.5.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.5.6. Rest of Asia Pacific
  - 7.5.6.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.6.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
7.6. Latin America Automotive Natural Gas Vehicle Market
- 7.6.1. Brazil
  - 7.6.1.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.6.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.6.2. Mexico
  - 7.6.2.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.6.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
7.7. Middle East & Africa Automotive Natural Gas Vehicle Market
- 7.7.1. UAE
  - 7.7.1.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.1.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.7.2. Saudi Arabia
  - 7.7.2.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.2.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.7.3. South Africa
  - 7.7.3.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.3.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035
- 7.7.4. Rest of Middle East & Africa
  - 7.7.4.1. Fuel Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.4.2. Vehicle Type Breakdown Size & Forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Schlumberger Limited.
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Halliburton Company
8.4. Baker Hughes Company
8.5. BASF SE
8.6. Chevron Phillips Chemical Company
8.7. Aubin Group
8.8. Croda International Plc.
8.9. M&D Industries Of Louisiana, Inc.
8.10. Trican Well Service Ltd.
8.11. Impact Fluid Solutions
8.12. TotalEnergies SE
8.13. ExxonMobil Corporation
8.14. Engie SA
8.15. Volvo Group
8.16. IVECO S.p.A.