Global CNG and LPG Vehicles
Market Report
2025
The global CNG and LPG vehicle market size is USD 4,389 thousand units in 2024. The CNG and LPG vehicle market will show strongest growth with a compound annual growth rate (CAGR) of 15.5% from 2024 to 2031. This expansion can be attributed to technological advancement.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global CNG and LPG vehicle market size is USD 4,389 thousand units in 2024 and will expand at a compound annual growth rate (CAGR) of 15.5% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global CNG and LPG Vehicles Market Sales Revenue | $ 4389 Million | 121212 | 121212 | 121212 | 15.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Fuel Type |
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Market Split by Vehicle Body Type |
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Market Split by Vehicle Type |
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Market Split by Engine System Type |
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Market Split by Intake System Type (LPG) |
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Market Split by Fitting Type |
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Market Split by Kit Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of CNG and LPG Vehicles industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
CNG and LPG Vehicles Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) vehicles are alternative fuel vehicles that as cleaner alternatives to traditional gasoline and diesel. The primary drivers for their adoption include environmental concerns, cost-effectiveness, and government incentives promoting cleaner fuels. However, challenges such as limited refuelling infrastructure and higher initial costs can hinder their widespread adoption. Innovations like twin-cylinder CNG technology, which optimizes boot space, and factory-fitted turbo-petrol CNG engines are enhancing vehicle performance and appeal.
For instance, in September 2024, Tata Motors introduced the Nexon iCNG, India's first turbo-petrol CNG vehicle, featuring twin-cylinder technology for improved boot space.
(Source:https://www.tatamotors.com/press-releases/tata-motors-boosts-the-nexons-appeal-launches-nexon-icng-and-nexon-ev-45-kwh/)
The increasing emphasis on low-emission vehicles is significantly driving the growth of the electric vehicle (EV) market. Government initiatives allocate substantial funds for EV subsidies and infrastructure development, pivotal in promoting EV adoption. This focus aligns with India's commitment to reducing carbon emissions and achieving sustainability goals. Innovations in EV technology, including advancements in battery efficiency and the expansion of charging networks, are further enhancing the appeal of low-emission vehicles. Despite challenges like high initial costs and limited charging infrastructure, the concerted efforts from both the government and industry stakeholders are propelling the market towards a greener future.
For instance, in September 2024, the Indian government approved the PM E-DRIVE scheme with an outlay of $109 billion to promote electric vehicles, aiming to support the adoption of e-two-wheelers, e-three-wheelers, e-ambulances, e-trucks, and e-buses.
(Source:https://www.reuters.com/business/autos-transportation/india-allots-109-bln-rupees-scheme-promote-electric-vehicles-2024-09-11/?)
The adoption of Compressed Natural Gas (CNG) vehicles in India faces a significant barrier due to the high initial investment required. CNG variants often come with a price premium over their petrol counterparts, making them less attractive to cost-conscious consumers. Additionally, the infrastructure for CNG refuelling stations, though expanding, remains limited in certain regions, further deterring potential buyers. While CNG offers lower operational costs and reduced emissions, the upfront financial commitment and regional disparities in fueling infrastructure continue to impede its widespread adoption.
(Source:https://www.thehindu.com/business/Economy/rising-gas-prices-constrain-cng-penetration-in-commercial-vehicles-icra/article66242180.ece?)
Integrating smart monitoring systems into CNG and LPG vehicles creates numerous market opportunities, especially in improving fuel efficiency, ensuring safety, and enhancing user convenience. Such systems provide real-time data on fuel consumption, leak detection, and maintenance alerts, they allow for better decision-making, reducing operational costs. Additionally, the integration of these technologies plays a crucial role in minimizing environmental impact by optimizing fuel usage. With governments and consumers increasingly prioritizing sustainability, the demand for smart monitoring systems in CNG and LPG vehicles is expected to grow, opening doors for technological innovation and long-term market growth in the automotive industry.
For instance, in March 2023, Maruti Suzuki launched the Brezza S-CNG, India's first factory-fitted CNG sub-compact SUV, offering a fuel efficiency of 25.51 km/kg.
(Source:https://www.uniindia.com/news/business-economy/maruti-suzuki-s-cng/3281727.html?)
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In February 2024, Soracom, Inc., and the mobility products and services provider, Suzuki Motor Corporation, announced that they have signed an agreement to explore the potential of advanced IoT technologies in the mobility services industry. (Source: https://www.globalsuzuki.com/globalnews/2024/0220.html
Top Companies Market Share in CNG and LPG Vehicles Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America emerged as the dominant region in the CNG and LPG vehicle market due to the increasing high-performance commercial vehicle market, government programs, and the need for fuel-efficient vehicles with low emissions have all contributed to the market growth. Another factor fueling the market’s expansion is the substantial investment in research and development, stricter pollution standards, and reduced natural gas prices.
Asia-Pacific stands out as the fastest-growing region in the CNG and LPG vehicle market because of a rise in the demand for vehicles due to growing urbanization and higher disposable income, which in turn encourages people to purchase vehicles powered by alternative fuels and the infrastructure for fueling CNG and LPG is being significantly expanded. Furthermore, CNG and LPG cars benefit from increased efficiency, safety, and performance due to regionally focused, continuous R&D.
The current report Scope analyzes CNG and LPG Vehicles Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global CNG and LPG Vehicles Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing CNG and LPG Vehicles Industry growth. CNG and LPG Vehicles market has been segmented with the help of its Fuel Type, Vehicle Body Type Vehicle Type, and others. CNG and LPG Vehicles market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In order to shape the structure and growth potential of the business, the CNG and LPG Vehicles market is usually categorized by Fuel Type. Businesses can prioritize expenditures, spur innovation, and modify products to satisfy changing customer needs by identifying high-performing product categories through market analysis by Fuel Type. Businesses can remain ahead of market changes by strategically concentrating on the most profitable prospects by analyzing the demand trends and performance indicators of each segment. Businesses can use this knowledge to guide long-term strategy planning and resource allocation by identifying which market segments are likely to see slower or stagnant growth and which are positioned for rapid increase.
Fuel Type of CNG and LPG Vehicles analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of CNG and LPG Vehicles Industry. Request a Free Sample PDF!
Segmenting the CNG and LPG Vehicles market by Vehicle Body Type is essential for understanding industry dynamics and identifying key demand drivers. Vehicle Body Type refer to the specific use cases or end-user industries that rely on CNG and LPG Vehicles products and services. These applications span a wide range of sectors, including healthcare, manufacturing, retail, aerospace, automotive, and telecommunications, among others. By analyzing the market based on its applications, businesses can gain valuable insights into which industries are adopting CNG and LPG Vehicles solutions most effectively and where new opportunities are emerging. Additionally, tracking application trends helps identify high-growth industries, areas of innovation, and market saturation levels, allowing companies to strategically position themselves in the most promising and profitable segments.
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Some of the key Vehicle Body Type of CNG and LPG Vehicles are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to cognitive market research, OEM/factory-fitted is the dominant category because of the seamless integration that guarantees improved performance, safety, and dependability. OEM/factory-fitted vehicles provide a hassle-free, warranty-backed alternative to aftermarket conversions by virtue of their thorough testing, strict adherence to production standards, and flawless interaction with vehicle systems.
Research Associate at Cognitive Market Research
Sumedha Gosavi is a Research Analyst with a specialized focus on the automobile and transportation sectors. With over two years of experience, she excels in conducting in-depth secondary research, competitive analysis, and market forecasting to deliver actionable insights that drive strategic decision-making.
In her current role, Sumedha leads research initiatives in the dynamic fields of automotive and transportation, identifying key trends, technological advancements, and market opportunities. Her ability to craft tailored research methodologies and distill complex data into clear, impactful strategies has been instrumental in enhancing her organization’s competitive edge.
With a deep passion for innovation in mobility and a commitment to continuous learning, Sumedha remains at the forefront of industry developments. Her expertise and analytical acumen make her an invaluable asset in navigating the ever evolving landscape of automobile and transportation research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global CNG and LPG Vehicles Market is witnessing significant growth in the near future.
In 2023, the CNG segment accounted for noticeable share of global CNG and LPG Vehicles Market and is projected to experience significant growth in the near future.
The Passenger Vehicles segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Suzuki Motor Corporation , Volkswagen AG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Fuel Type | CNG, LPG |
Vehicle Body Type | Passenger Vehicles, Commercial Vehicles, Three-wheelers |
Vehicle Type | Light-duty Vehicle, Heavy-duty Vehicle |
Engine System Type | Dedicated Fuel, Bi-fuel, Dual Fuel |
Intake System Type (LPG) | Converter-mixer System, Vapor Phase Injection (VPI), Liquid Phase Injection (LPI), Liquid Phase Direct Injection (LPDI) |
Fitting Type | OEM/Factory-fitted, Aftermarket |
Kit Type | Venturi, Sequential |
List of Competitors | Suzuki Motor Corporation, Hyundai Motor Group, Volkswagen AG, Ford Motor Company |
This chapter will help you gain GLOBAL Market Analysis of CNG and LPG Vehicles. Further deep in this chapter, you will be able to review Global CNG and LPG Vehicles Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of CNG and LPG Vehicles. Further deep in this chapter, you will be able to review North America CNG and LPG Vehicles Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of CNG and LPG Vehicles. Further deep in this chapter, you will be able to review Europe CNG and LPG Vehicles Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of CNG and LPG Vehicles. Further deep in this chapter, you will be able to review Asia Pacific CNG and LPG Vehicles Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of CNG and LPG Vehicles. Further deep in this chapter, you will be able to review South America CNG and LPG Vehicles Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of CNG and LPG Vehicles. Further deep in this chapter, you will be able to review Middle East CNG and LPG Vehicles Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of CNG and LPG Vehicles. Further deep in this chapter, you will be able to review Middle East CNG and LPG Vehicles Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of CNG and LPG Vehicles. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Fuel Type Analysis 2019 -2031, will provide market size split by Fuel Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fuel Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle Body Type Analysis 2021 - 2033
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Chapter 12 Market Split by Vehicle Type Analysis 2021 - 2033
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Chapter 13 Market Split by Engine System Type Analysis 2021 - 2033
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Chapter 14 Market Split by Intake System Type (LPG) Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 15 Market Split by Fitting Type Analysis 2021 - 2033
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Chapter 16 Market Split by Kit Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global CNG and LPG Vehicles market
Chapter 17 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 18 Research Methodology and Sources
Why CNG have a significant impact on CNG and LPG Vehicles market? |
What are the key factors affecting the CNG and LPG of CNG and LPG Vehicles Market? |
What is the CAGR/Growth Rate of Passenger Vehicles during the forecast period? |
By type, which segment accounted for largest share of the global CNG and LPG Vehicles Market? |
Which region is expected to dominate the global CNG and LPG Vehicles Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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