How big is the CNG market | Growth, Trends & Forecast to 2025

Q: What is the current size of the CNG market?

The CNG market was valued at USD 96.2 billion in 2024 and is projected to reach USD 164.5 billion by 2031.

Q: What is the growth rate of the CNG market?

The CNG market is expected to grow at a CAGR of 7.7% during the forecast period of 2025 to 2031.

Q: Which applications contribute the most in the CNG market?

Public transport, passenger vehicles, fleet operations, industrial fuel usage, and power generation.

Q: What is driving demand in the CNG market?

Cost-efficiency, eco-friendliness, government support, and growing need for alternative fuels.

Q: What challenges does the CNG market face?

Limited infrastructure in some regions, conversion costs, safety concerns, and vehicle performance issues.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5254

Publication Date: Jul 2025

How big is the CNG Market?

According to 6Wresearch internal database and industry insights, Global CNG market was valued at approximatelyUSDâ€¯96.2â€¯billion in 2024 and is projected to reachUSDâ€¯164.5â€¯billion by 2031,growing at a CAGR of 7.7%.

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This growth is driven by increasing demand for clean fuel alternatives, supportive government policies, and the cost-efficiency of compressed natural gas compared to gasoline and diesel. Expansion of CNG infrastructure and rising environmental concerns are further propelling market demand.

Key Growth Drivers of the CNG Market

Rising fuel prices pushing demand for affordable alternatives
Growing adoption of clean fuel technologies and emission norms
Government subsidies, tax incentives, and policy support for CNG use
Increasing deployment of CNG vehicles in public and private transport
Expansion of CNG filling stations and supportive infrastructure

CNG Market Trends

The CNG market is witnessing increasing adoption in commercial fleets, including taxis, buses, and delivery vehicles, due to cost and emission advantages. The OEMs are introducing factory-fitted CNG cars that are compatible with the engines. It is becoming more popular that bi-fuel and dual-fuel systems are becoming used by private people. The trend is a lightweight and high-capacity cylinder of CNG to drive better and farther. Interconnection with renewable gaseous sources, such as biomethane is also an upcoming sustainable pattern.

Emerging Developments in the CNG Market

New developments include advancements in CNG tank materials using composites for lighter weight and enhanced safety. Energy companies and startups are working in combination with the CNG microgrid grids and at-home refueling devices. The R&D is aimed at being the best in fuel injection system and performance of the engine to have an improved mileage and emissions. The network of CNG distribution is increasing in a very short period with the help of PPPs both in cities and in country fields. Conversion kits are being refined to meet evolving emission norms.