CNG and LPG Vehicle Market is Expected to Reach US$ 5.2 Billion by 2032

The global CNG and LPG vehicle market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2032, exhibiting a growth rate (CAGR) of 7.57% during 2024-2032. The burgeoning automobile industry, rising fuel prices, and the growing demand for original equipment manufacturer (OEM)-fitted vehicles represent some of the key factors driving the market.

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