LNG Heavy Truck Market Report 2025 (Global Edition)

Global LNG Heavy Truck Market Report 2025 Market Size Split by Type (Fully Wound Gas Cylinder with Metal Liner, Non-metallic Liner Fully Wound Gas Cylinder), by Application (LNG Heavy Truck, CNG Heavy...

LNG Heavy Truck Market Report Description

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LNG Heavy Truck Market Insights Video

Competitive Landscape of the LNG Heavy Truck Market

The competitive landscape of the LNG Heavy Truck Market is defined by the presence of both established global truck manufacturers and developing companies, all striving for a footing in this growing sector. Leading businesses such as Volvo, Scania, Daimler, and Iveco control the market, spending considerably on the development of high-efficiency LNG-powered trucks. To compete with diesel vehicles, these companies focus on advances that improve fuel efficiency, lower emissions, and provide longer range and performance.

In March 2024, Blue Energy Motors will as a key role as India moves toward sustainable mobility. As a global leader in liquefied natural gas (LNG) truck manufacture, the company is beginning an an ambitious expansion into the electric vehicle (EV) industry. Blue Energy Motors intends to acquire a $100 million investment to support its growth and innovation in electric truck technology. (Source: https://www.environmentenergyleader.com/stories/india-surges-toward-green-mobility-with-blue-energy-motors,984 ) In March 2024, Tata Motors, India's largest commercial vehicle manufacturer, handed over its next-generation, green-fuel-powered commercial vehicles to Tata Steel. The fleet includes Prima tractors, tippers, and the Ultra EV bus, which is powered by Liquefied Natural Gas (LNG) and battery electric technology. (Source: https://www.tatamotors.com/press-releases/tata-motors-flags-off-its-next-gen-eco-friendly-fleet-of-commercial-vehicles-to-tata-steel/ ) In December 2023, Westport Fuel Systems Inc. was a leading supplier of advanced alternative fuel systems and components for the global transportation industry. The company has been awarded a development program by a global heavy truck manufacturer to adapt its Next Generation LNG HPDI™ fuel system to meet Euro 7 emissions requirements for heavy-duty vehicle applications. The original equipment manufacturer (OEM) will fund the development initiative, which is projected to cost USD$33 million. Work on the program is already underway, with the new LNG and liquified biomethane-fueled product set to launch in the coming years. (Source: https://www.prnewswire.com/news-releases/westport-awarded-development-contract-with-a-global-heavy-truck-manufacturer-to-adapt-and-commercialize-next-gen-lng-hpdi-fuel-system-for-the-euro-7-vehicle-platform-302019459.html)

Top Companies Market Share in LNG Heavy Truck Industry: (In no particular order of Rank)

• Iveco
• Volvo Trucks
• CNHTC
• Shaanxi Automobile Group
• Faw jiefang
• Cimc
• Foton Motor
• Dongfeng Trucks
• Beiben Trucks
• Daimler
• Paccar
• Isuzu Motors Ltd
• Dayun
• SANY Group
• Hongyan Truck
• Geely
• Hanma Technology
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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.

Regional Analysis of the LNG Heavy Truck Market

Which Region Dominates the LNG Heavy Truck Market in 2024?

According to Cognitive Market Research, North America currently dominates the LNG heavy truck market, and the region is expected to have significant growth during the projected period. Due to the rising demand for LNG as a transportation fuel and the presence of well-established infrastructure.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The significant development, is driven by the fast-establishing LNG industry and government measures to cut carbon emissions..

The current report Scope analyzes LNG Heavy Truck 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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America LNG Heavy Truck Market

According to Cognitive Market Research, the global LNG Heavy Truck Market size was estimated at USD XX Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the LNG Heavy Truck Market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. In the United States, government incentives include federal and state-level tax credits and subsidies for adopting LNG cars.
• The Canada LNG Heavy Truck Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. In Canada, government initiatives and funding for sustainable transportation solutions.
• The Mexico LNG Heavy Truck Market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD XX million in 2024.

Europe LNG Heavy Truck Market

According to Cognitive Market Research, the global LNG Heavy Truck Market size was estimated at USD XX Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031.

• The United Kingdom LNG Heavy Truck Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. In the UK, Low Emission Zones limit diesel vehicle use in metropolitan areas, encouraging the use of LNG.
• The France LNG Heavy Truck Market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German LNG Heavy Truck Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 12.7% during the forecast period. Germany's Environmental Regulations include EU-wide pollution standards and municipal regulations favoring LNG trucks.
• The Italy LNG Heavy Truck Market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russia LNG Heavy Truck Market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain LNG Heavy Truck Market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg LNG Heavy Truck Market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal LNG Heavy Truck Market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece LNG Heavy Truck Market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's LNG Heavy Truck Market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific LNG Heavy Truck Market

According to Cognitive Market Research, the global LNG Heavy Truck Market size was estimated at USD XX Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.

• According to Cognitive Market Research, the China LNG Heavy Truck Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. China's strict emission limits are encouraging the deployment of LNG to improve air quality.
• The Japan LNG Heavy Truck Market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD XX million in 2024.
• The India LNG Heavy Truck Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 17.8% during the forecast period. India's pollution control measures aim to reduce automobile emissions and enhance air quality.
• The South Korean LNG Heavy Truck Market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australian LNG Heavy Truck Market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia LNG Heavy Truck Market is projected to witness growth at a CAGR of 17.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific LNG Heavy Truck Market is projected to witness growth at a CAGR of 15.8% during the forecast period, with a market size of USD XX million in 2024.

South America LNG Heavy Truck Market

According to Cognitive Market Research, the global LNG Heavy Truck Market size was estimated at USD XX Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil LNG Heavy Truck Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 14.0% during the forecast period. Brazil's economic benefits include cost savings from LNG over diesel fuel, which are significant for fleet operators.
• Argentina's LNG Heavy Truck Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 14.3% during the forecast period. Argentina offers lower LNG fuel costs than diesel, making it an interesting option for fleet owners.
• Colombia LNG Heavy Truck Market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD XX million in 2024.
• Peru LNG Heavy Truck Market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD XX million in 2024.
• Chile LNG Heavy Truck Market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's LNG Heavy Truck Market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa LNG Heavy Truck Market

According to Cognitive Market Research, the global LNG Heavy Truck Market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.

• The GCC Countries LNG Heavy Truck Market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD XX million in 2024. GCC countries, including the UAE and Saudi Arabia, are implementing strategic strategies to diversify energy sources and reduce emissions.
• The Egypt LNG Heavy Truck Market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa LNG Heavy Truck Market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD XX million in 2024. South Africa's government promotes cleaner transportation solutions to alleviate air quality challenges.
• The Turkey LNG Heavy Truck Market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria LNG Heavy Truck Market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA LNG Heavy Truck Market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD XX million in 2024.

LNG Heavy Truck Market Analysis

LNG Heavy Truck Market Type Segment Analysis

According to Cognitive Market Research, the fully wound gas cylinders with metal liners segment holds the largest share of the market. Fully wound gas cylinders with metal liners are becoming increasingly popular in the LNG heavy truck industry due to their greater safety and efficiency when compared to standard cylinders. These enhanced cylinders, constructed from high-strength composite materials and a metal liner, provide higher storage pressures and improved longevity, improving the overall performance and safety of LNG carriers.

In the LNG Heavy Truck Market, the non-metallic liner fully wound gas cylinder has been expanding at a rapid pace. Their sophisticated design also provides excellent strength and corrosion resistance, which contributes to increased safety and durability. As LNG trucks seek to improve performance and lower overall costs, the use of non-metallic liner cylinders is growing, in line with the industry's drive toward more efficient and sustainable fuel storage options.

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 LNG Heavy Truck Industry. Request a Free Sample PDF!

LNG Heavy Truck Market Application Segment Analysis

According to Cognitive Market Research, LNG heavy trucks are likely to dominate the LNG Heavy Truck Market over the forecast period. Increased environmental restrictions, advances in LNG technology, and increased refueling infrastructure are all driving market growth for LNG heavy trucks. LNG trucks have fewer pollutants and fuel costs than diesel trucks, making them a popular choice among fleet operators. Government incentives and increased demand for sustainable transportation solutions drive up market adoption.

The CNG Heavy Truck is the fastest-growing segment in the LNG Heavy Truck Market. CNG heavy vehicles are expanding in the LNG heavy truck market as natural gas becomes a more popular alternative to diesel fuel. CNG vehicles, like LNG, have reduced emissions and fuel costs and benefit from expanded refilling infrastructure. Government subsidies and rising demand for ecologically friendly transportation solutions help to drive market expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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