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.
LPI (LP Information)' newest research report, the “Natural Gas Vehicles Industry Forecast” looks at past sales and reviews total world Natural Gas Vehicles sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Gas Vehicles sales for 2023 through 2029. With Natural Gas Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Gas Vehicles industry.
This Insight Report provides a comprehensive analysis of the global Natural Gas Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Gas Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Gas Vehicles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Gas Vehicles and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Gas Vehicles.
The global Natural Gas Vehicles market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Natural Gas Vehicles is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Natural Gas Vehicles players cover Maruti Suzuki, Volkswagen, Fiat, Honda, General Motors, Renault, Hyundai, Ford and Iran Khodro, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Natural Gas Vehicles market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
CNG Vehicle
LNG Vehicle
Segmentation by application
Passenger Cars
Commercial Vehicles
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Maruti Suzuki
Volkswagen
Fiat
Honda
General Motors
Renault
Hyundai
Ford
Iran Khodro
Volvo Group
PSA
C&C Truck
Key Questions Addressed in this Report
What is the 10-year outlook for the global Natural Gas Vehicles market?
What factors are driving Natural Gas Vehicles market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Natural Gas Vehicles market opportunities vary by end market size?
How does Natural Gas Vehicles break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Natural Gas Vehicles Annual Sales 2018-2029 2.1.2 World Current & Future Analysis for Natural Gas Vehicles by Geographic Region, 2018, 2022 & 2029 2.1.3 World Current & Future Analysis for Natural Gas Vehicles by Country/Region, 2018, 2022 & 2029 2.2 Natural Gas Vehicles Segment by Type 2.2.1 CNG Vehicle 2.2.2 LNG Vehicle 2.3 Natural Gas Vehicles Sales by Type 2.3.1 Global Natural Gas Vehicles Sales Market Share by Type (2018-2023) 2.3.2 Global Natural Gas Vehicles Revenue and Market Share by Type (2018-2023) 2.3.3 Global Natural Gas Vehicles Sale Price by Type (2018-2023) 2.4 Natural Gas Vehicles Segment by Application 2.4.1 Passenger Cars 2.4.2 Commercial Vehicles 2.5 Natural Gas Vehicles Sales by Application 2.5.1 Global Natural Gas Vehicles Sale Market Share by Application (2018-2023) 2.5.2 Global Natural Gas Vehicles Revenue and Market Share by Application (2018-2023) 2.5.3 Global Natural Gas Vehicles Sale Price by Application (2018-2023) 3 Global Natural Gas Vehicles by Company 3.1 Global Natural Gas Vehicles Breakdown Data by Company 3.1.1 Global Natural Gas Vehicles Annual Sales by Company (2018-2023) 3.1.2 Global Natural Gas Vehicles Sales Market Share by Company (2018-2023) 3.2 Global Natural Gas Vehicles Annual Revenue by Company (2018-2023) 3.2.1 Global Natural Gas Vehicles Revenue by Company (2018-2023) 3.2.2 Global Natural Gas Vehicles Revenue Market Share by Company (2018-2023) 3.3 Global Natural Gas Vehicles Sale Price by Company 3.4 Key Manufacturers Natural Gas Vehicles Producing Area Distribution, Sales Area, Product Type 3.4.1 Key Manufacturers Natural Gas Vehicles Product Location Distribution 3.4.2 Players Natural Gas Vehicles Products Offered 3.5 Market Concentration Rate Analysis 3.5.1 Competition Landscape Analysis 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023) 3.6 New Products and Potential Entrants 3.7 Mergers & Acquisitions, Expansion 4 World Historic Review for Natural Gas Vehicles by Geographic Region 4.1 World Historic Natural Gas Vehicles Market Size by Geographic Region (2018-2023) 4.1.1 Global Natural Gas Vehicles Annual Sales by Geographic Region (2018-2023) 4.1.2 Global Natural Gas Vehicles Annual Revenue by Geographic Region (2018-2023) 4.2 World Historic Natural Gas Vehicles Market Size by Country/Region (2018-2023) 4.2.1 Global Natural Gas Vehicles Annual Sales by Country/Region (2018-2023) 4.2.2 Global Natural Gas Vehicles Annual Revenue by Country/Region (2018-2023) 4.3 Americas Natural Gas Vehicles Sales Growth 4.4 APAC Natural Gas Vehicles Sales Growth 4.5 Europe Natural Gas Vehicles Sales Growth 4.6 Middle East & Africa Natural Gas Vehicles Sales Growth 5 Americas 5.1 Americas Natural Gas Vehicles Sales by Country 5.1.1 Americas Natural Gas Vehicles Sales by Country (2018-2023) 5.1.2 Americas Natural Gas Vehicles Revenue by Country (2018-2023) 5.2 Americas Natural Gas Vehicles Sales by Type 5.3 Americas Natural Gas Vehicles Sales by Application 5.4 United States 5.5 Canada 5.6 Mexico 5.7 Brazil 6 APAC 6.1 APAC Natural Gas Vehicles Sales by Region 6.1.1 APAC Natural Gas Vehicles Sales by Region (2018-2023) 6.1.2 APAC Natural Gas Vehicles Revenue by Region (2018-2023) 6.2 APAC Natural Gas Vehicles Sales by Type 6.3 APAC Natural Gas Vehicles Sales by Application 6.4 China 6.5 Japan 6.6 South Korea 6.7 Southeast Asia 6.8 India 6.9 Australia 6.10 China Taiwan 7 Europe 7.1 Europe Natural Gas Vehicles by Country 7.1.1 Europe Natural Gas Vehicles Sales by Country (2018-2023) 7.1.2 Europe Natural Gas Vehicles Revenue by Country (2018-2023) 7.2 Europe Natural Gas Vehicles Sales by Type 7.3 Europe Natural Gas Vehicles Sales by Application 7.4 Germany 7.5 France 7.6 UK 7.7 Italy 7.8 Russia 8 Middle East & Africa 8.1 Middle East & Africa Natural Gas Vehicles by Country 8.1.1 Middle East & Africa Natural Gas Vehicles Sales by Country (2018-2023) 8.1.2 Middle East & Africa Natural Gas Vehicles Revenue by Country (2018-2023) 8.2 Middle East & Africa Natural Gas Vehicles Sales by Type 8.3 Middle East & Africa Natural Gas Vehicles Sales by Application 8.4 Egypt 8.5 South Africa 8.6 Israel 8.7 Turkey 8.8 GCC Countries 9 Market Drivers, Challenges and Trends 9.1 Market Drivers & Growth Opportunities 9.2 Market Challenges & Risks 9.3 Industry Trends 10 Manufacturing Cost Structure Analysis 10.1 Raw Material and Suppliers 10.2 Manufacturing Cost Structure Analysis of Natural Gas Vehicles 10.3 Manufacturing Process Analysis of Natural Gas Vehicles 10.4 Industry Chain Structure of Natural Gas Vehicles 11 Marketing, Distributors and Customer 11.1 Sales Channel 11.1.1 Direct Channels 11.1.2 Indirect Channels 11.2 Natural Gas Vehicles Distributors 11.3 Natural Gas Vehicles Customer 12 World Forecast Review for Natural Gas Vehicles by Geographic Region 12.1 Global Natural Gas Vehicles Market Size Forecast by Region 12.1.1 Global Natural Gas Vehicles Forecast by Region (2024-2029) 12.1.2 Global Natural Gas Vehicles Annual Revenue Forecast by Region (2024-2029) 12.2 Americas Forecast by Country 12.3 APAC Forecast by Region 12.4 Europe Forecast by Country 12.5 Middle East & Africa Forecast by Country 12.6 Global Natural Gas Vehicles Forecast by Type 12.7 Global Natural Gas Vehicles Forecast by Application 13 Key Players Analysis 13.1 Maruti Suzuki 13.1.1 Maruti Suzuki Company Information 13.1.2 Maruti Suzuki Natural Gas Vehicles Product Portfolios and Specifications 13.1.3 Maruti Suzuki Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.1.4 Maruti Suzuki Main Business Overview 13.1.5 Maruti Suzuki Latest Developments 13.2 Volkswagen 13.2.1 Volkswagen Company Information 13.2.2 Volkswagen Natural Gas Vehicles Product Portfolios and Specifications 13.2.3 Volkswagen Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.2.4 Volkswagen Main Business Overview 13.2.5 Volkswagen Latest Developments 13.3 Fiat 13.3.1 Fiat Company Information 13.3.2 Fiat Natural Gas Vehicles Product Portfolios and Specifications 13.3.3 Fiat Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.3.4 Fiat Main Business Overview 13.3.5 Fiat Latest Developments 13.4 Honda 13.4.1 Honda Company Information 13.4.2 Honda Natural Gas Vehicles Product Portfolios and Specifications 13.4.3 Honda Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.4.4 Honda Main Business Overview 13.4.5 Honda Latest Developments 13.5 General Motors 13.5.1 General Motors Company Information 13.5.2 General Motors Natural Gas Vehicles Product Portfolios and Specifications 13.5.3 General Motors Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.5.4 General Motors Main Business Overview 13.5.5 General Motors Latest Developments 13.6 Renault 13.6.1 Renault Company Information 13.6.2 Renault Natural Gas Vehicles Product Portfolios and Specifications 13.6.3 Renault Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.6.4 Renault Main Business Overview 13.6.5 Renault Latest Developments 13.7 Hyundai 13.7.1 Hyundai Company Information 13.7.2 Hyundai Natural Gas Vehicles Product Portfolios and Specifications 13.7.3 Hyundai Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.7.4 Hyundai Main Business Overview 13.7.5 Hyundai Latest Developments 13.8 Ford 13.8.1 Ford Company Information 13.8.2 Ford Natural Gas Vehicles Product Portfolios and Specifications 13.8.3 Ford Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.8.4 Ford Main Business Overview 13.8.5 Ford Latest Developments 13.9 Iran Khodro 13.9.1 Iran Khodro Company Information 13.9.2 Iran Khodro Natural Gas Vehicles Product Portfolios and Specifications 13.9.3 Iran Khodro Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.9.4 Iran Khodro Main Business Overview 13.9.5 Iran Khodro Latest Developments 13.10 Volvo Group 13.10.1 Volvo Group Company Information 13.10.2 Volvo Group Natural Gas Vehicles Product Portfolios and Specifications 13.10.3 Volvo Group Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.10.4 Volvo Group Main Business Overview 13.10.5 Volvo Group Latest Developments 13.11 PSA 13.11.1 PSA Company Information 13.11.2 PSA Natural Gas Vehicles Product Portfolios and Specifications 13.11.3 PSA Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.11.4 PSA Main Business Overview 13.11.5 PSA Latest Developments 13.12 C&C Truck 13.12.1 C&C Truck Company Information 13.12.2 C&C Truck Natural Gas Vehicles Product Portfolios and Specifications 13.12.3 C&C Truck Natural Gas Vehicles Sales, Revenue, Price and Gross Margin (2018-2023) 13.12.4 C&C Truck Main Business Overview 13.12.5 C&C Truck Latest Developments 14 Research Findings and Conclusion