Global CNG Market to 2032
Overview
The Global CNG Market is expected to reach a 120.65 USD Billion by 2032 and is projected to grow at a CAGR of 3.46% from 2025 to 2032.
Revenue, 2024 (USD Billion)
91.90
Forecast, 2032 (USD Billion)
120.65
CAGR, 2024 - 2032
3.46%
Report Coverage
Global
Global CNG Market 2018-2032 USD Billion
Global CNG Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 91.90 USD Billion
- Projected Market Size (2032): 120.65 USD Billion
- CAGR (2025-2032): 3.46%
Key Findings of Global CNG Market
- The Global CNG Market was valued at 120.65 USD Billion in 2024.
- The Global CNG Market is likely to grow at a CAGR of 3.46% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Associated Gas in Source Segment accounted for the largest share of the market with a revenue of 82.62 USD Billion
- The fastest growing segment Sequential in Kits Segment grew Fastest with a CAGR of 3.64% during the forecast period from 2024 to 2032.
Global CNG Market Scope
Global CNG Market Segmentation & Scope
End Use
- Medium Motor Vehicles
- Heavy Motor Vehicles
- Light Motor Vehicles
Source
- Associated Gas
- Non-Associated Gas
Kits
- Sequential
- Venturi
Distribution Type
- Cylinders/Tanks
- Accumulators
- Composite Manifolds
- Others
Global CNG Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 91.90 USD Billion |
| Market Value in 2032 | 120.65 USD Billion |
| CAGR (2025-2032) | 3.46% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End Use,Source,Kits,Distribution Type |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 91.90 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 22,874.17 USD Million in 2024.
Segments and Scope
-
Global CNG Market to 2032, By End Use
- Light Motor Vehicles is the largest segment in Global CNG Market to 2032 with a revenue of 58.16 USD Billion in the year 2024.
- Light Motor Vehicles is the Fastest growing segment in Global CNG Market to 2032 with a Growth rate of 3.61 % in forecast period 2025-2032.
-
Global CNG Market to 2032, By Source
- Associated Gas is the largest segment in Global CNG Market to 2032 with a revenue of 82.62 USD Billion in the year 2024.
- Associated Gas is the Fastest growing segment in Global CNG Market to 2032 with a Growth rate of 3.48 % in forecast period 2025-2032.
-
Global CNG Market to 2032, By Kits
- Sequential is the largest segment in Global CNG Market to 2032 with a revenue of 54.60 USD Billion in the year 2024.
- Sequential is the Fastest growing segment in Global CNG Market to 2032 with a Growth rate of 3.64 % in forecast period 2025-2032.
-
Global CNG Market to 2032, By Distribution Type
- Cylinders/Tanks is the largest segment in Global CNG Market to 2032 with a revenue of 73.65 USD Billion in the year 2024.
- Cylinders/Tanks is the Fastest growing segment in Global CNG Market to 2032 with a Growth rate of 3.55 % in forecast period 2025-2032.
Global CNG Market Company Share Analysis
| Company Name |
|
||
| TotalEnergies | |||
| Chevron Corporation | |||
| Shell PLC | |||
| Adani Group | |||
| Indian Oil Corporation Ltd | |||
Global CNG Market Geographical Sales Distribution, 2018-2032 USD Billion
Global CNG Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global CNG Market is segmented based on Segmentation End Use,Source,Kits,Distribution Type.
Global CNG Market was valued at USD 91.90(Revenue in USD Billion) in 2023.
Global CNG Market is projected to grow at a CAGR of 3.46% during the forecast period of 2024 to 2032.
The Associated Gas segment is expected to dominate the Global CNG Market, holding a largest market share of 82.62 USD Billion in 2024
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Global CNG Market Scope
Global CNG Market Segmentation & Scope
End Use
- Medium Motor Vehicles
- Heavy Motor Vehicles
- Light Motor Vehicles
Source
- Associated Gas
- Non-Associated Gas
Kits
- Sequential
- Venturi
Distribution Type
- Cylinders/Tanks
- Accumulators
- Composite Manifolds
- Others
Frequently Asked Questions
The Global CNG Market is segmented based on Segmentation End Use,Source,Kits,Distribution Type.
Global CNG Market was valued at USD 91.90(Revenue in USD Billion) in 2023.
Global CNG Market is projected to grow at a CAGR of 3.46% during the forecast period of 2024 to 2032.
The estimated market value of the Global CNG Market for final year is USD 120.65 (USD Billion).
Global CNG Market Company Profiling
Frequently Asked Questions
The Global CNG Market is segmented based on Segmentation End Use,Source,Kits,Distribution Type.
Global CNG Market was valued at USD 91.90(Revenue in USD Billion) in 2023.
Global CNG Market is projected to grow at a CAGR of 3.46% during the forecast period of 2024 to 2032.
The estimated market value of the Global CNG Market for final year is USD 120.65 (USD Billion).
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