Press release
CNG Powertrain Market: Taking Strides Towards Sustainability, Surging at a 19.2% CAGR in 2025
Asphalt Mixing Plants Global Market Growth Report 2025
What Is The Projected Market Size Of The Global CNG Powertrain Market And Its Growth Rate?
• The CNG powertrain market has shown a remarkable surge, moving from $98.99 billion in 2024 to $118.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 19.2%.
• The surge in historic period growth is caused by factors such as environmental regulations and emissions standards, stability in the prices of natural gas, reduced dependency on oil, fuel efficiency and savings, and concerns over global energy security.
• The market size is expected to witness further expansion, growing to $226.77 billion in 2029 at a compound annual growth rate (CAGR) of 17.7%.
• The projected growth in the forecast period is attributed to the rise in renewable natural gas (RNG) production, the focus on lightweight materials in CNG vehicle design, enhanced fueling experience through digital solutions, and the global expansion of CNG fueling infrastructure.
What Is Driving The Growth In The CNG Powertrain Market?
The upward trend in the CNG powertrain market is driven mainly by the rising demand for alternative cleaner fuels. Alternatives such as CNG result in less carbon emissions and particle-free consumption, critical for minimizing air pollution. For instance, a 2023 report by the Energy Information Administration revealed a peak in natural gas usage in the United States at a daily record high of 141.0 billion cubic feet. In December 2022, consumption in the electric power sector surged by 45%. This growing demand propels the CNG powertrain market.
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Who Are the Key Players Driving CNG Powertrain Market Growth?
• Volkswagen AG
• Ford Motor Company
• Honda Motor Company
• Hyundai Motor Company
• Robert Bosch GmbH
• Nissan Motor Co. Ltd.
• The Volvo Group
• Cummins Inc.
• Tata Motors Limited
• Maruti Suzuki India Limited
• Worthington Industries Inc.
• Chart Industries Inc.
• Minda Industries Ltd.
• Clean Energy Fuels Corp.
• FPT Industrial S.p.A.
• Landi Renzo S.p.A
• Agility Fuel Solutions
• Westport Fuel Systems Inc.
• ANGI Energy Systems Inc.
• Delta Fuel Company
• Viatec Incorporated
• Cenergy Solutions Inc.
• Mijo Auto Gas Pvt. Ltd.
• Corban Energy Group Corp.
• Altech-Eco Corporation
• NGV Motori Inc.
• American Power Group
• Greenkraft Inc.
• Nat G CNG Solutions
What Are The Key Trends In The CNG Powertrain Market?
• Increased focus on sustainable transportation
• Advancements in CNG engine technology
• Innovations in CNG engine management systems
• Technology integration in CNG vehicles
What Are The Segments Of The Global CNG Powertrain Market?
• By Drive: Front Wheel Drive, All-Wheel Drive, Rear Wheel Drive
• By Fuel: Mono Fuel, Bi fuel
• By Vehicle: Commercial Vehicle, Passenger Vehicle
Which Region Leads The CNG Powertrain Market?
Asia Pacific held the largest share in the CNG powertrain market in 2024. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The CNG Powertrain Market Global Market Report?
- Market Size Analysis: Analyze the CNG Powertrain Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the CNG Powertrain Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall CNG Powertrain Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the CNG Powertrain Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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