Automotive Natural Gas Vehicle Market: By Fuel Type, By Vehicle Type, and Region Forecast 2019-2030

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Automotive Natural Gas Vehicle Market Size, Share, Growth, Trends, and Global Industry Analysis: By Fuel Type (Compressed Natural Gas, Liquefied Natural Gas), By Vehicle Type (Passenger Vehicles, Light-duty & Heavy-duty Buses and Trucks, Three-wheelers), and Region Forecast 2019-2030

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Automotive Natural Gas Vehicle Market size was valued at US$ 11.2 billion in 2023 and is poised to grow at a CAGR of  6.5% from 2024 to 2030. The global market provides a detailed overview of the market, which has been segmented by fuel type and vehicle type. The market has been segmented by fuel type into Compressed Natural Gas and Liquefied Natural Gas. The Compressed Natural Gas segment is likely the largest and fastest-growing in terms of fuel type. Based on vehicle type, the automotive natural gas vehicle is segmented into Passenger Vehicle, Light-duty & Heavy-duty Buses and Trucks, and Three-wheelers. According to precision business insights, the Passenger Vehicles Type segment is anticipated to register the fastest growth rate during the forecast period.

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Automotive Natural Gas Vehicle Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

6.5%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia-Pacific

Automotive Natural Gas Vehicle Market Dynamics

Government rules governing environmental protection and greenhouse gas (GHG) emissions are getting increasingly strict worldwide. As a result, natural gas is increasingly being used in various applications across numerous industries, which is expected to drive market growth.

Automotive Natural Gas Vehicle Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 11.2 billion

Market CAGR

6.5%

By Fuel Type

  • Compressed Natural Gas,
  • Liquefied Natural Gas

By Vehicle Type

  • Passenger Vehicles,
  • Light-duty & Heavy-duty Buses and Trucks,
  • Three-wheelers

By Region

  • North America (USA, Canada)
  • Europe (Germany, UK, France, Spain, Italy , Rest of Europe)
  • The Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia- Pacific)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • MEA (Saudi Arabia, UAE, South Africa, Rest of MEA)

Key Features of the Report

  • The automotive natural gas vehicle market report provides granular level information about the market size, regional market share, historic market  (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenar
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis

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Frequently Asked Questions

The automotive natural gas vehicle market size was valued at US$ 11.2 billion in 2023 and is poised to grow at a CAGR of  6.5% from 2024 to 2030.

The major players in the global market are Agility Fuel Solutions, AB Volvo, Beiqi Foton Motor Co., Ltd., CNH Industrial N.V., Clean Energy Fuels, Cummins, Inc., PACCAR, Inc., Navistar, Inc., Quantum Fuel Systems LLC, Westport Fuel Systems Inc.

Asia Pacific is the fastest-growing region in the market

1. Executive Summary
2. Global Automotive Natural Gas Vehicle Market Introduction
2.1. Global Automotive Natural Gas Vehicle Market Taxonomy
2.2. Global Automotive Natural Gas Vehicle Market Definitions
2.2.1. By Fuel Type
2.2.2. By Vehicle Type
2.2.3. By Region
3. Global Automotive Natural Gas Vehicle Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Automotive Natural Gas Vehicle Market Dynamic Factors - Impact Analysis
3.6. Global Automotive Natural Gas Vehicle Market Competition Landscape
4. Global Automotive Natural Gas Vehicle Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Automotive Natural Gas Vehicle Market, By Fuel Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
5.1. Compressed Natural Gas
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Liquefied Natural Gas
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Automotive Natural Gas Vehicle Market, By Vehicle Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
6.1. Passenger Vehicles
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Light-duty & Heavy-duty Buses and Trucks
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Three-wheelers
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Automotive Natural Gas Vehicle Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Automotive Natural Gas Vehicle Market - Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Region, 2024 - 2030
8. North America Automotive Natural Gas Vehicle Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
8.1. Fuel Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Compressed Natural Gas
8.1.2. Liquefied Natural Gas
8.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Passenger Vehicles
8.2.2. Light-duty & Heavy-duty Buses and Trucks
8.2.3. Three-wheelers
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Automotive Natural Gas Vehicle Market - Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2024 - 2030
8.5. North America Automotive Natural Gas Vehicle Market Dynamics Trends
9. Europe Automotive Natural Gas Vehicle Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
9.1. Fuel Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Compressed Natural Gas
9.1.2. Liquefied Natural Gas
9.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Passenger Vehicles
9.2.2. Light-duty & Heavy-duty Buses and Trucks
9.2.3. Three-wheelers
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe Automotive Natural Gas Vehicle Market - Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2024 - 2030
9.5. Europe Automotive Natural Gas Vehicle Market Dynamics Trends
10. Asia-Pacific Automotive Natural Gas Vehicle Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
10.1. Fuel Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Compressed Natural Gas
10.1.2. Liquefied Natural Gas
10.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Passenger Vehicles
10.2.2. Light-duty & Heavy-duty Buses and Trucks
10.2.3. Three-wheelers
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Automotive Natural Gas Vehicle Market - Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2024 - 2030
10.5. Asia-Pacific Automotive Natural Gas Vehicle Market Dynamics Trends
11. Latin America Automotive Natural Gas Vehicle Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
11.1. Fuel Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Compressed Natural Gas
11.1.2. Liquefied Natural Gas
11.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Passenger Vehicles
11.2.2. Light-duty & Heavy-duty Buses and Trucks
11.2.3. Three-wheelers
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Automotive Natural Gas Vehicle Market - Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2024 - 2030
11.5. Latin America Automotive Natural Gas Vehicle Market Dynamics Trends
12. Middle East and Africa Automotive Natural Gas Vehicle Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
12.1. Fuel Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Compressed Natural Gas
12.1.2. Liquefied Natural Gas
12.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Passenger Vehicles
12.2.2. Light-duty & Heavy-duty Buses and Trucks
12.2.3. Three-wheelers
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Automotive Natural Gas Vehicle Market - Opportunity Analysis Index, By Fuel Type, Vehicle Type, and Country, 2024 - 2030
12.5. MEA Automotive Natural Gas Vehicle Market Dynamics Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Fuel Type Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. AB Volvo
13.2.2. Agility Fuel Systems Inc.
13.2.3. Clean Energy Fuels Corp.
13.2.4. CNH Industrial NV
13.2.5. Daimler AG
13.2.6. Dongfeng Motor Group Company Limited
13.2.7. Landi Renzo SPA
13.2.8. Quantum Fuel Systems LLC
13.2.9. Westport Fuel Systems Inc.
14. Research Methodology
15. Key Assumptions and Acronyms

Key Market Players

  • AB Volvo
  • Agility Fuel Systems Inc.
  • Clean Energy Fuels Corp.
  • CNH Industrial NV
  • Daimler AG
  • Dongfeng Motor Group Company Limited
  • Landi Renzo SPA
  • Quantum Fuel Systems LLC
  • Westport Fuel Systems Inc.

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