Automotive Natural Gas Vehicle (NGV) Market Expansion Trends, Regional Mapping, Business Opportunities and Forecast 2025 to 2031

Market Summary -

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.

Accourding to QY Research has released a new publication titled "Global Automotive Natural Gas Vehicle (NGV) Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Automotive Natural Gas Vehicle (NGV) industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/automobile-transportation-automotive-natural-gas-vehicle-ngv-market-share-and-ranking-overall-sales-and-demand-forecast-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

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.

electric solutions are less viable due to range and power limitations.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Automotive Natural Gas Vehicle (NGV) market:

Key Growth Drivers -

- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures

Restraints & Challenges -

- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers

Market Segmentation and Regional -

By Type

CNG Vehicle
LNG Vehicle

By Application

Buses
Taxi
Logistics Vehicles
Other

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Maruti Suzuki
Fiat
FAW Jiefang
Iran Khodro
Volvo Group
Hyundai
Tata Motors
Ashok Leyland

Request for Pre-Order / Enquiry Link: https://qyresearch.in/pre-order-inquiry/automobile-transportation-automotive-natural-gas-vehicle-ngv-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Automotive Natural Gas Vehicle (NGV) report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Automotive Natural Gas Vehicle (NGV) market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Automotive Natural Gas Vehicle (NGV) market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Automotive Natural Gas Vehicle (NGV) market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Automotive Natural Gas Vehicle (NGV) market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Automotive Natural Gas Vehicle (NGV) market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

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

About Us:

QYResearch established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.

Contact Us:

Arshad Shaha | Marketing Executive

QY Research, INC.
315 Work Avenue, Raheja Woods,
Survey No. 222/1, Plot No. 25, 6th Floor,
Kayani Nagar, Yervada, Pune 411006, Maharashtra
Tel: +91-8669986909
Emails - arshad@qyrindia.com
Web - https://www.qyresearch.in

This release was published on openPR.