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Africa CNG and LPG Vehicle Market Report and Forecast 2024-2032
Market Report I 2023-11-17 I 144 Pages I EMR Inc.
Africa CNG and LPG Vehicle Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Africa CNG and LPG vehicle market is projected to grow at a CAGR of 6.5% between 2024 and 2032. Aided by cost effectiveness of liquified petroleum gas and compressed natural gas and increasing urban population, the market is expected to grow significantly by 2032.
CNG and LPG vehicles, often referred to as Autogas vehicles, are powered by cleaner-burning alternative fuels that are gaining prominence as sustainable alternatives to petrol and diesel. CNG is derived through the compression of natural gas, while LPG is composed of propane and butane. Both fuels are known for their reduced CO2 emissions, lower costs, and decreased maintenance expenses, making them increasingly popular among consumers and governments alike.
The consistent surge in petrol and diesel prices is pushing consumers towards more cost-effective alternatives. CNG and LPG are cheaper and provide an economic advantage over traditional fuels, which is a strong incentive for consumers in Africa, where cost is a significant consideration.
Several African governments are beginning to enforce stricter emissions standards and are promoting the use of cleaner fuels through subsidies and incentives. This support is likely to play a critical role in driving the Africa CNG and LPG vehicle market demand.
The growing awareness regarding environmental pollution and the associated health risks is encouraging consumers and governments to seek cleaner fuel alternatives. CNG and LPG vehicles emit significantly fewer pollutants than their petrol and diesel counterparts, aligning with global efforts to reduce carbon footprints.
As per the Africa CNG and LPG vehicle market analysis, leading global and local automotive manufacturers are entering the market too. They are engaging in partnerships with governments and local companies, aiming to benefit from the growing market while contributing to its development.
As African nations continue to urbanise and industrialise, the demand for vehicles is expected to rise, concurrently increasing the need for fuel. In this context, CNG and LPG, as cheaper and cleaner alternatives, present significant growth potential. Rising fuel prices, increasing environmental awareness, and supportive government initiatives are altogether contributing to the Africa CNG and LPG vehicle market expansion.
Moreover, the potential for Africa to become a significant player in the global CNG and LPG market is substantial, owing to its vast natural gas reserves. This could foster a symbiotic relationship wherein Africa could satisfy a significant portion of its domestic demand while also contributing to the Africa CNG and LPG vehicle market growth.
Market Segmentation
The market can be divided based on fuel type, kit type, vehicle type, fitting, and country.
Market Breakup by Fuel Type
- Compressed Natural Gas
- Liquified Petroleum Gas
Market Breakup by Kit Type
- Venturi
- Sequential
Market Breakup by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Market Breakup by Fitting
- OEM
- Aftermarket
Market Breakup by Country
- South Africa
- Egypt
- Algeria
- Nigeria
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Africa CNG and LPG vehicle market. Some of the major players explored in the report by Expert Market Research are as follows:
- Volkswagen Group
- Volvo Group
- Ford Motor Company
- Hyundai Motor Company
- Suzuki Motor Corporation
- Landi Renzo S.p.A.
- Exogas Africa
- Westport Fuel Systems Italia S.r.l.
- Iveco Group
- Innoson Vehicle Manufacturing
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Africa CNG and LPG Vehicle Market Overview
8.1 Key Industry Highlights
8.2 Africa CNG and LPG Vehicle Historical Market (2018-2023)
8.3 Africa CNG and LPG Vehicle Market Forecast (2024-2032)
9 Africa CNG and LPG Vehicle Market by Fuel Type
9.1 Compressed Natural Gas
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Liquified Petroleum Gas
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Africa CNG and LPG Vehicle Market by Kit Type
10.1 Venturi
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Sequential
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Africa CNG and LPG Vehicle Market by Vehicle Type
11.1 Passenger Cars
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial Vehicles
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Africa CNG and LPG Vehicle Market by Fitting
12.1 OEM
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Aftermarket
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Africa CNG and LPG Vehicle Market by Country
13.1 South Africa
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Egypt
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Algeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Nigeria
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Volkswagen Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Volvo Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ford Motor Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hyundai Motor Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Suzuki Motor Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Landi Renzo S.p.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Exogas Africa
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Westport Fuel Systems Italia S.r.l.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Iveco Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Innoson Vehicle Manufacturing
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Africa CNG and LPG Vehicle Market: Key Industry Highlights, 2018 and 2032
2. Africa CNG and LPG Vehicle Historical Market: Breakup by Fuel Type, 2018-2023
3. Africa CNG and LPG Vehicle Market Forecast: Breakup by Fuel Type, 2024-2032
4. Africa CNG and LPG Vehicle Historical Market: Breakup by Kit Type, 2018-2023
5. Africa CNG and LPG Vehicle Market Forecast: Breakup by Kit Type, 2024-2032
6. Africa CNG and LPG Vehicle Historical Market: Breakup by Vehicle Type, 2018-2023
7. Africa CNG and LPG Vehicle Market Forecast: Breakup by Vehicle Type, 2024-2032
8. Africa CNG and LPG Vehicle Historical Market: Breakup by Fitting, 2018-2023
9. Africa CNG and LPG Vehicle Market Forecast: Breakup by Fitting, 2024-2032
10. Africa CNG and LPG Vehicle Historical Market: Breakup by Country, 2018-2023
11. Africa CNG and LPG Vehicle Market Forecast: Breakup by Country, 2024-2032
12. Africa CNG and LPG Vehicle Market Structure
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