Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global LNG Truck Market by Type (Tractor Truck, Dump Truck, Other), By Application (Transportation, Construction, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global LNG Truck Market by Type (Tractor Truck, Dump Truck, Other), By Application (Transportation, Construction, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 139969 3300 Automobile & Transportation 377 234 Pages 4.7 (47)

Market Overview:

The global LNG truck market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LNG trucks for transportation and construction applications. Additionally, stringent emission norms are also driving the demand for LNG trucks globally. North America is expected to lead the global LNG truck market during the forecast period, followed by Europe and Asia Pacific. Latin America and Middle East & Africa are expected to witness moderate growth in the market during the forecast period.

Global LNG Truck Industry Outlook

Product Definition:

LNG truck is a type of truck that uses liquefied natural gas (LNG) as its fuel. LNG is a cleaner-burning fuel than gasoline or diesel and has the potential to reduce emissions of greenhouse gases.

Tractor Truck:

Tractor truck is a type of heavy-duty commercial vehicle used to haul freight. It is generally designed with a low profile and high load carrying capacity. Tractor trucks are usually equipped with mechanical brakes, large tires, and an engine powerful enough to propel the vehicle at higher speeds. The global demand for LNG truck has witnessed significant growth over the past few years owing to its ability to reduce fuel costs by up to 20%.

Dump Truck:

Dump truck is a specialized truck that is used to transport waste and recyclable material from one place to another. It has a large body with rear doors that make it easy for the operator and passenger to load or unload the cargo. Dump trucks are primarily used in industries such as construction, mining, waste removal, etc., where they are loaded with debris from construction sites or mines and taken to dumping grounds.

Application Insights:

The transportation segment dominated the global LNG truck market in 2017 and is expected to witness significant growth over the forecast period. The increasing use of natural gas as fuel for trucks on account of its lower carbon emissions is projected to drive the demand for LNG-powered trucks in this application segment. In addition, growing adoption of such vehicles across shipping companies as they provide higher efficiency, better performance and reduced environmental impact coupled with low maintenance cost are anticipated to propel industry growth over the coming years.

Construction was one of the prominent applications that accounted for a significant share in 2017 owing to rising awareness about environment protection among consumers, which has resulted in increased focus on using alternative fuels including compressed natural gas (CNG) and liquefied petroleum gas (LPG). Growing construction activities across various regions are anticipated to further boost industry expansion over the forecast period.

Regional Analysis:

Asia Pacific was the largest regional market in 2017 and accounted for a volume share of over 60%. The region is expected to continue its dominance over the forecast period. Increasing demand from emerging economies, such as China and India, is likely to drive the growth. Rising investments in LNG infrastructure are also expected to have a positive impact on industry growth. For instance, In April 2018, Royal Dutch Shell announced plans for building one of its biggest gas stations with an annual capacity of around 300 million cubic meters at Chabahar port in Iran’s southeastern province of Chabahar. This development will help Shell meet growing demand from customers across South Asia and beyond.

North America emerged as the second-largest consumer due to increasing use across applications including construction sector and transportation sector coupled with rising fuel efficiency standards set by U.S Environmental Protection Agency (EPA).

Growth Factors:

  • Increasing demand for natural gas as a transportation fuel
  • Stringent environmental regulations for diesel vehicles
  • High price of crude oil and volatility in prices
  • Availability of LNG infrastructure, including refueling stations
  • Government subsidies and incentives for the use of natural gas vehicles

Scope Of The Report

Report Attributes

Report Details

Report Title

LNG Truck Market Research Report

By Type

Tractor Truck, Dump Truck, Other

By Application

Transportation, Construction, Other

By Companies

Sinotruk Group, Shaanxi Automobile Group, Faw jiefang, China International Marine Containers (Group), Fiat Industrial, Daimler, Volvo Trucks, Scania, Paccar, ISUZU

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global LNG Truck Market Report Segments:

The global LNG Truck market is segmented on the basis of:


Tractor Truck, Dump Truck, Other

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Transportation, Construction, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Sinotruk Group
  2. Shaanxi Automobile Group
  3. Faw jiefang
  4. China International Marine Containers (Group)
  5. Fiat Industrial
  6. Daimler
  7. Volvo Trucks
  8. Scania
  9. Paccar
  10. ISUZU

Global LNG Truck Market Overview

Highlights of The LNG Truck Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Tractor Truck
    2. Dump Truck
    3. Other
  1. By Application:

    1. Transportation
    2. Construction
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the LNG Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
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  • Product & Brand Management
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Global LNG Truck Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

LNG truck is a type of tanker truck that can transport liquefied natural gas.

Some of the major players in the lng truck market are Sinotruk Group, Shaanxi Automobile Group, Faw jiefang, China International Marine Containers (Group), Fiat Industrial, Daimler, Volvo Trucks, Scania, Paccar, ISUZU.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. LNG Truck Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. LNG Truck Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. LNG Truck Market - Supply Chain
   4.5. Global LNG Truck Market Forecast
      4.5.1. LNG Truck Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. LNG Truck Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. LNG Truck Market Absolute $ Opportunity

5. Global LNG Truck Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. LNG Truck Market Size and Volume Forecast by Type
      5.3.1. Tractor Truck
      5.3.2. Dump Truck
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global LNG Truck Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. LNG Truck Market Size and Volume Forecast by Application
      6.3.1. Transportation
      6.3.2. Construction
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global LNG Truck Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. LNG Truck Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global LNG Truck Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. LNG Truck Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global LNG Truck Demand Share Forecast, 2019-2026

9. North America LNG Truck Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America LNG Truck Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America LNG Truck Market Size and Volume Forecast by Application
      9.4.1. Transportation
      9.4.2. Construction
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America LNG Truck Market Size and Volume Forecast by Type
      9.7.1. Tractor Truck
      9.7.2. Dump Truck
      9.7.3. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America LNG Truck Demand Share Forecast, 2019-2026

10. Latin America LNG Truck Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America LNG Truck Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America LNG Truck Market Size and Volume Forecast by Application
      10.4.1. Transportation
      10.4.2. Construction
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America LNG Truck Market Size and Volume Forecast by Type
      10.7.1. Tractor Truck
      10.7.2. Dump Truck
      10.7.3. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America LNG Truck Demand Share Forecast, 2019-2026

11. Europe LNG Truck Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe LNG Truck Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe LNG Truck Market Size and Volume Forecast by Application
      11.4.1. Transportation
      11.4.2. Construction
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe LNG Truck Market Size and Volume Forecast by Type
      11.7.1. Tractor Truck
      11.7.2. Dump Truck
      11.7.3. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. ByProduct Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe LNG Truck Demand Share, 2019-2026

12. Asia Pacific LNG Truck Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific LNG Truck Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific LNG Truck Market Size and Volume Forecast by Application
      12.4.1. Transportation
      12.4.2. Construction
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific LNG Truck Market Size and Volume Forecast by Type
      12.7.1. Tractor Truck
      12.7.2. Dump Truck
      12.7.3. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific LNG Truck Demand Share, 2019-2026

13. Middle East & Africa LNG Truck Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa LNG Truck Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa LNG Truck Market Size and Volume Forecast by Application
      13.4.1. Transportation
      13.4.2. Construction
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa LNG Truck Market Size and Volume Forecast by Type
      13.7.1. Tractor Truck
      13.7.2. Dump Truck
      13.7.3. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa LNG Truck Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global LNG Truck Market: Market Share Analysis
   14.2. LNG Truck Distributors and Customers
   14.3. LNG Truck Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Sinotruk Group Overview Financials Developments Strategic Outlook
      14.4.2. Shaanxi Automobile Group Overview Financials Developments Strategic Outlook
      14.4.3. Faw jiefang Overview Financials Developments Strategic Outlook
      14.4.4. China International Marine Containers (Group) Overview Financials Developments Strategic Outlook
      14.4.5. Fiat Industrial Overview Financials Developments Strategic Outlook
      14.4.6. Daimler Overview Financials Developments Strategic Outlook
      14.4.7. Volvo Trucks Overview Financials Developments Strategic Outlook
      14.4.8. Scania Overview Financials Developments Strategic Outlook
      14.4.9. Paccar Overview Financials Developments Strategic Outlook
      14.4.10. ISUZU Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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