Press release
Automotive Natural Gas Vehicle Market Size Forecasted To Achieve $17.43 Billion By 2029 With Steady Growth
The Automotive Natural Gas Vehicle Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Automotive Natural Gas Vehicle Market Size and Projected Growth Rate?
The market size for natural gas vehicles in the automotive sector has seen considerable growth in the past few years. The figures are set to increase from $12.18 billion in 2024 to $12.98 billion in 2025, showing a compound annual growth rate (CAGR) of 6.6%. Factors such as concerns over energy security, reduction of emissions, abundance of natural gas, cost efficiency, and governmental policies have contributed to this remarkable growth in the historical period.
Anticipations are high for the automotive natural gas vehicle market as it is projected to experience notable expansion in the coming years. By 2029, estimates suggest the market will reach a valuation of $17.43 billion, growing at a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this projected growth encompass stricter emission standards, the use of renewable natural gas, the reconciliation of electric systems, worldwide infrastructural developments, policies promoting energy transition, urban growth, and increased consumer enlightenment and consciousness. Key trends expected to be prevalent during this period include dual-fuel systems, design of lighter vehicles, improvement in storage technology, independent natural gas vehicles, and sophisticated engine management systems.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7519
What Are the Major Segments in the Automotive Natural Gas Vehicle Market?
The automotive natural gas vehicle market market covered in this report is segmented -
1) By Vehicle Type: Light-Duty Vehicle, Medium-Duty Vehicle, High-Duty Vehicle
2) By Fuel Type: CNG, LNG
3) By Application: Commercial Vehicles, Passenger Cars
Subsegments:
1) By Light-Duty Vehicle: Passenger Cars, Light Trucks, Vans
2) By Medium-Duty Vehicle: Delivery Trucks, Buses, Service Vehicles
3) By High-Duty Vehicle: Freight Trucks, Long-Haul Trucks, Heavy-Duty Buses
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7519&type=smp
What Are The Driving Automotive Natural Gas Vehicle Market Evolution?
The growth of the automotive natural gas vehicle market is being significantly influenced by stringent regulations aimed at managing air pollution. Air pollution involves the release of harmful physical, chemical, or biological contaminants into the air that pose a threat to animals and humans. Recognizing the detrimental effects of this, governments have initiated various laws geared at reducing pollution. As a result, the demand for automotive natural gas vehicles, known for their low emission traits resulting from lower carbon fuel contents, has increased. As an example, in September 2023, the Department for Environment, Food and Rural Affairs, a UK-based government body, set out the Environmental Targets (Fine Particulate Matter) (England) Regulations 2023 which calls for a legally binding limit of 10 μg/m3 for average annual PM2.5 concentrations. This standard is applicable to all monitoring locations throughout England and is targeted to be reached by 2040. As such, these strict regulations aimed at mitigating air pollution are propelling the automotive natural gas vehicle market forward.
Which Firms Dominate The Automotive Natural Gas Vehicle Market Segments?
Major companies operating in the automotive natural gas vehicle market market include Hexagon Composites ASA, AB Volvo, Beiqi Foton Motor Co. Ltd., CNH Industrial NV, Clean Energy Fuels Corp., Cummins Engine Company Inc., PACCAR International Inc., Navistar International Corp., Quantum Fuel Systems LLC, Westport Fuel Systems Inc., General Motors Company, Maruti Suzuki India Ltd., Ford Motor Company, Hondo Motor Co. Ltd., Volkswagenwerk GmbH, Hyundai Motor Company, Iran Khodro Industrial Group, C&C Trucks Co. Ltd., Tata Engineering & Locomotive Company Ltd., Fiat SpA, Régie Nationale Des Usines Renault SAS, Caterpillar Inc., Shaanxi Automobile Group Co. Ltd., Mercedes-Benz Group AG, Krishna Landi Renzo India Private Limited, Toyota Motor Corporation, Alexander Dennis Limited, Prins Autogassystemen BV, Stellantis N. V., Iveco SpA
What Trends Are Expected to Dominate the Automotive Natural Gas Vehicle Market in the Next 5 Years?
In the automotive natural gas vehicle market, product innovations have become a prominent trend. The primary focus of significant market players is the development of innovative technologies to lower greenhouse gas emissions. For instance, in September 2022, Tata Motors, a company based in India, introduced 5 trucks powered by CNG. This new fleet consists of India's first Medium & Heavy Commercial Vehicle (M&HCV) truck running on CNG, equipped with an Advanced Driver Assistance System (ADAS) and upgraded versions of the Prima, Signa, and Ultra models for a superior driving experience. The launch also included high-tech Intermediate & Light Commercial Vehicle (I&LCV) tippers and trucks to accommodate the increasing demands of the logistics and infrastructure sectors. The eco-friendly Signa CNG trucks, utilizing a 5.7-litre SGI engine generating 180hp and 650Nm torque, boast low operating costs, high durability, modular design, and a range of up to 1,000 km, along with multiple customization alternatives for wheelbase, load deck, and cabins.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-natural-gas-vehicle-global-market-report
Which Is The Largest Region In The Automotive Natural Gas Vehicle Market?
Asia-Pacific was the largest region in the automotive natural gas vehicle market in 2024. The regions covered in the automotive natural gas vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Natural Gas Vehicle Market?
2. What is the CAGR expected in the Automotive Natural Gas Vehicle Market?
3. What Are the Key Innovations Transforming the Automotive Natural Gas Vehicle Industry?
4. Which Region Is Leading the Automotive Natural Gas Vehicle Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Natural Gas Vehicle Market Size Forecasted To Achieve $17.43 Billion By 2029 With Steady Growth here
News-ID: 3951736 • Views: …
More Releases from The Business Research Company

C-X-C Chemokine Receptor Type 2 Market on Track for Strong Growth, Estimated to …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the C-X-C Chemokine Receptor Type 2 Market Through 2025?
There has been a significant expansion in the market for C-X-C chemokine receptor type 2 in the past few years. The market is projected to increase from $1.24 billion in 2024 to $1.38 billion…

Top Market Shifts Transforming the Coenzyme Q10 Market Landscape: Key Insights
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Coenzyme Q10 Market Through 2025?
The market size of coenzyme Q10 has seen impressive expansion in the past years, with predictions stating an increase from $0.74 billion in 2024 up to $0.84 billion in 2025, implying a compound annual growth rate (CAGR)…

2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Chimeric Antibody Market Through 2025?
In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)…

2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Chimeric Antibody Market Through 2025?
In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…