Thailand CNG & LPG Vehicle Market (2025-2031) Outlook | Industry, Growth, Share, Value, Companies, Size, Analysis, Forecast, Revenue & Trends
Market Forecast By Vehicle Body Type (Passenger Vehicles, Commercial Vehicles, Three-wheelers), By Fuel Type (CNG, LPG), By Vehicle Type (Light-duty Vehicle, Heavy-duty Vehicle), By Engine System Type (Dedicated Fuel, Bi-fuel, Dual Fuel), By Fitting Type (OEM/Factory-fitted, Aftermarket), By Kit Type (Venturi, Sequential) And Competitive Landscape
| Product Code: ETC4569206 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Thailand CNG LPG Vehicle Market Synopsis
The Thailand CNG (Compressed Natural Gas) and LPG (Liquefied Petroleum Gas) Vehicle market is significant due to the country focus on alternative fuels and environmental sustainability. CNG and LPG vehicles offer a cleaner and more cost-effective alternative to traditional gasoline and diesel-powered vehicles. The Thai government promotes the use of these alternative fuels, contributing to the growth of this market. Domestic and international automakers are offering CNG and LPG vehicle options to cater to eco-conscious consumers.
Drivers of the Market
The Thailand Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicle Market is witnessing robust growth as the automotive industry explores alternative fuel options for cleaner and more sustainable transportation. CNG and LPG vehicles offer reduced emissions and lower fuel costs compared to traditional gasoline vehicles. The market expansion is fueled by Thailand commitment to diversifying the fuel mix, promoting environmentally friendly transportation, and meeting consumer preferences for cost-effective and eco-friendly vehicles.
Challenges of the Market
In the Thailand CNG LPG Vehicle Market, infrastructure development remains a significant challenge. The widespread adoption of compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicles requires an extensive network of refueling stations. The lack of infrastructure investment and coordination can impede the growth of the market, limiting the appeal of CNG and LPG vehicles for consumers and businesses alike.
COVID-19 Impact on the Market
The Thailand CNG LPG Vehicle Market encountered disruptions during the COVID-19 pandemic as changes in transportation preferences and shifts in fuel choices impacted the adoption of compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicles. The restrictions on movement and economic uncertainties led to temporary declines in CNG and LPG vehicle sales. Nevertheless, the market recovered post-pandemic as consumers and fleet operators sought alternative fuel options, driving the demand for CNG and LPG vehicles.
Key Players in the Market
The Thailand Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) Vehicle Market is experiencing growth, with key players such as Toyota Motor Corporation, Honda Motor Co., Ltd., and Ford Motor Company actively participating. Toyota Motor Corporation, a major contributor, offers a range of CNG and LPG vehicles known for their fuel efficiency and eco-friendly features. Their commitment to alternative fuel technologies positions Toyota as a key player in the CNG and LPG vehicle market in Thailand, contributing to the country`s efforts to promote cleaner transportation.
Key Highlights of the Report:
- Thailand CNG & LPG Vehicle Market Outlook
- Market Size of Thailand CNG & LPG Vehicle Market, 2024
- Forecast of Thailand CNG & LPG Vehicle Market, 2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Revenues & Volume for the Period 2021-2031
- Thailand CNG & LPG Vehicle Market Trend Evolution
- Thailand CNG & LPG Vehicle Market Drivers and Challenges
- Thailand CNG & LPG Vehicle Price Trends
- Thailand CNG & LPG Vehicle Porter's Five Forces
- Thailand CNG & LPG Vehicle Industry Life Cycle
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Vehicle Body Type for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Passenger Vehicles for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Commercial Vehicles for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Three-wheelers for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Fuel Type for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By CNG for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By LPG for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Vehicle Type for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Light-duty Vehicle for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Heavy-duty Vehicle for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Engine System Type for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Dedicated Fuel for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Bi-fuel for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Dual Fuel for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Fitting Type for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By OEM/Factory-fitted for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Aftermarket for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Kit Type for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Venturi for the Period 2021-2031
- Historical Data and Forecast of Thailand CNG & LPG Vehicle Market Revenues & Volume By Sequential for the Period 2021-2031
- Thailand CNG & LPG Vehicle Import Export Trade Statistics
- Market Opportunity Assessment By Vehicle Body Type
- Market Opportunity Assessment By Fuel Type
- Market Opportunity Assessment By Vehicle Type
- Market Opportunity Assessment By Engine System Type
- Market Opportunity Assessment By Fitting Type
- Market Opportunity Assessment By Kit Type
- Thailand CNG & LPG Vehicle Top Companies Market Share
- Thailand CNG & LPG Vehicle Competitive Benchmarking By Technical and Operational Parameters
- Thailand CNG & LPG Vehicle Company Profiles
- Thailand CNG & LPG Vehicle Key Strategic Recommendations
What are the new business and investment opportunities in the Thailand CNG & LPG vehicle market?
There are significant opportunities for companies like PTT Public Company Limited and Toyota Motor Corporation to invest in expanding the infrastructure for CNG and LPG refueling stations across Thailand. This will support the growing demand for eco-friendly vehicles such as the Toyota Corolla Altis 1.6 G CNG and the Honda Civic 1.8 E LPG in the Thai market.
The Thailand CNG & LPG vehicle market encompasses the sale and adoption of vehicles that run on compressed natural gas (CNG) or liquefied petroleum gas (LPG) as alternative fuels. This market includes various players such as automakers like Honda, Toyota, and Mitsubishi offering CNG/LPG models, gas station networks providing refueling infrastructure, and government initiatives promoting the use of environmentally-friendly vehicles.
The long-term outlook for the Thailand CNG & LPG vehicle market appears promising due to the government's push for cleaner energy solutions and the growing adoption of alternative fuel vehicles by key players like PTT Public Company Limited and Honda Thailand. This market is expected to witness sustained growth as consumers and businesses increasingly prioritize environmental sustainability and cost-efficiency in their transportation choices.
The Thailand CNG & LPG vehicle market is expected to witness significant growth in the coming years, driven by the increasing adoption of environmentally friendly transportation solutions. Companies like PTT Public Company Limited and NGV Thailand are actively promoting the use of CNG and LPG vehicles in the country, indicating a positive direction for the market. The government's support for alternative fuel infrastructure development and incentives for eco-friendly vehicles further indicate a promising future for the sector in Thailand.
The increasing focus on eco-friendly transportation solutions and government initiatives promoting the adoption of alternative fuel vehicles, such as the Eco-Car Program in Thailand, are significant factors driving the growth of the CNG & LPG vehicle market. Additionally, the rising awareness among consumers about the environmental benefits of using compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicles is further fueling the market growth. For example, companies like Toyota and Honda have introduced CNG models in Thailand to cater to the growing demand for cleaner and more sustainable transportation options.
6Wresearch actively monitors the Thailand CNG & LPG Vehicle Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand CNG & LPG Vehicle Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand CNG & LPG Vehicle Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand CNG & LPG Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand CNG & LPG Vehicle Market - Industry Life Cycle |
3.4 Thailand CNG & LPG Vehicle Market - Porter's Five Forces |
3.5 Thailand CNG & LPG Vehicle Market Revenues & Volume Share, By Vehicle Body Type, 2021 & 2031F |
3.6 Thailand CNG & LPG Vehicle Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Thailand CNG & LPG Vehicle Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Thailand CNG & LPG Vehicle Market Revenues & Volume Share, By Engine System Type, 2021 & 2031F |
3.9 Thailand CNG & LPG Vehicle Market Revenues & Volume Share, By Fitting Type, 2021 & 2031F |
3.10 Thailand CNG & LPG Vehicle Market Revenues & Volume Share, By Kit Type, 2021 & 2031F |
4 Thailand CNG & LPG Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting clean energy and reducing emissions |
4.2.2 Increasing awareness about environmental sustainability |
4.2.3 Rising fuel prices leading to a shift towards alternative fuel vehicles |
4.3 Market Restraints |
4.3.1 High initial cost of CNG LPG vehicles |
4.3.2 Limited refueling infrastructure for CNG LPG in Thailand |
5 Thailand CNG & LPG Vehicle Market Trends |
6 Thailand CNG & LPG Vehicle Market, By Types |
6.1 Thailand CNG & LPG Vehicle Market, By Vehicle Body Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Vehicle Body Type, 2021-2031F |
6.1.3 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Passenger Vehicles, 2021-2031F |
6.1.4 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Commercial Vehicles, 2021-2031F |
6.1.5 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Three-wheelers, 2021-2031F |
6.2 Thailand CNG & LPG Vehicle Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand CNG & LPG Vehicle Market Revenues & Volume, By CNG, 2021-2031F |
6.2.3 Thailand CNG & LPG Vehicle Market Revenues & Volume, By LPG, 2021-2031F |
6.3 Thailand CNG & LPG Vehicle Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Light-duty Vehicle, 2021-2031F |
6.3.3 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Heavy-duty Vehicle, 2021-2031F |
6.4 Thailand CNG & LPG Vehicle Market, By Engine System Type |
6.4.1 Overview and Analysis |
6.4.2 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Dedicated Fuel, 2021-2031F |
6.4.3 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Bi-fuel, 2021-2031F |
6.4.4 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Dual Fuel, 2021-2031F |
6.5 Thailand CNG & LPG Vehicle Market, By Fitting Type |
6.5.1 Overview and Analysis |
6.5.2 Thailand CNG & LPG Vehicle Market Revenues & Volume, By OEM/Factory-fitted, 2021-2031F |
6.5.3 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.6 Thailand CNG & LPG Vehicle Market, By Kit Type |
6.6.1 Overview and Analysis |
6.6.2 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Venturi, 2021-2031F |
6.6.3 Thailand CNG & LPG Vehicle Market Revenues & Volume, By Sequential, 2021-2031F |
7 Thailand CNG & LPG Vehicle Market Import-Export Trade Statistics |
7.1 Thailand CNG & LPG Vehicle Market Export to Major Countries |
7.2 Thailand CNG & LPG Vehicle Market Imports from Major Countries |
8 Thailand CNG & LPG Vehicle Market Key Performance Indicators |
8.1 Number of CNG LPG refueling stations in Thailand |
8.2 Percentage of total vehicles in Thailand using CNG LPG |
8.3 Government subsidies or incentives for CNG LPG vehicles adoption |
9 Thailand CNG & LPG Vehicle Market - Opportunity Assessment |
9.1 Thailand CNG & LPG Vehicle Market Opportunity Assessment, By Vehicle Body Type, 2021 & 2031F |
9.2 Thailand CNG & LPG Vehicle Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Thailand CNG & LPG Vehicle Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 Thailand CNG & LPG Vehicle Market Opportunity Assessment, By Engine System Type, 2021 & 2031F |
9.5 Thailand CNG & LPG Vehicle Market Opportunity Assessment, By Fitting Type, 2021 & 2031F |
9.6 Thailand CNG & LPG Vehicle Market Opportunity Assessment, By Kit Type, 2021 & 2031F |
10 Thailand CNG & LPG Vehicle Market - Competitive Landscape |
10.1 Thailand CNG & LPG Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Thailand CNG & LPG Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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