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The Africa CNG and LPG vehicle market size reached approximately USD 1.51 billion in 2023. The market is projected to grow at a CAGR of 7.1% between 2024 and 2032, reaching a value of around USD 2.80 billion by 2032.
CNG and LPG vehicles are vehicles that are powered by alternative fuels. CNG, an acronym for compressed natural gas, is primarily composed of methane. CNG vehicles utilise natural gas as fuel instead of gasoline or diesel. On the other hand, LPG stands for liquefied petroleum gas, which primarily consists of propane or butane. LPG vehicles utilise liquefied petroleum gas as a fuel source instead of gasoline or diesel to operate.
Based on fuel type, the market is segmented into compressed natural gas and liquified petroleum gas. Based on kit type, the market can be bifurcated into venturi and sequential. The Africa CNG and LPG vehicle market segmentation, based on vehicle type, includes passenger cars and commercial vehicles. The market bifurcations, based on fitting, include OEM and aftermarket. The major regional markets for CNG and LPG vehicle in Africa are South Africa, Egypt, Algeria, and Nigeria, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Africa CNG and LPG vehicle market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
According to the Africa CNG and LPG vehicle market analysis, compressed natural gas is likely to play a major role in the development of the market. The major factor driving the demand for compressed natural gas (CNG) can be attributed to its low cost, which significantly reduces the per-kilometre driving expenses for vehicles. This cost advantage has proven to be an attractive incentive, particularly for taxi fleet operators, leading to a growing trend of converting conventional fuel vehicles to CNG-powered alternatives.
Egypt is expected to hold major portion of the Africa CNG and LPG vehicle market share due to the extensive natural gas consumption in the country. The Egyptian government is one of the biggest investors and promoters of CNG vehicles, and it provides financial assistance to boost the adoption of such vehicles. It has also implemented a conversion programme that seeks to enhance the conversion rate to bio-fuel vehicles by leveraging the affordability of CNG.
Volkswagen Group is a German-based multinational automotive manufacturer, serving as a prominent player in the global automotive sector and headquartered in Wolfsburg, Germany. Established in 1937, the company has achieved significant growth to secure its position as one of the largest automobile manufacturers worldwide.
Volvo Group is a renowned Swedish multinational manufacturer with expertise in commercial vehicles, construction equipment, and solutions for marine and industrial applications. The company's headquarters are situated in Gothenburg, Sweden, and it was established in 1927.
Ford Motor Company, an American multinational automaker, has its headquarters situated in Michigan. Established by Henry Ford on June 16, 1903, it holds a distinguished position as one of the oldest and largest automobile manufacturers worldwide.
Other Africa CNG and LPG vehicle market players include Hyundai Motor Company, Suzuki Motor Corporation, Landi Renzo S.p.A., Exogas Africa, Westport Fuel Systems Italia S.r.l., Iveco Group, and Innoson Vehicle Manufacturing, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Fuel Type |
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Breakup by Kit Type |
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Breakup by Vehicle Type |
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Breakup by Fitting |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
In 2023, the market reached an approximate value of USD 1.51 billion.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2.80 billion by 2032.
The market is being driven by rising concerns about environmental pollution and the rising urban population in various countries of Africa.
The development of the market is propelled by the rising support from governments for the transition to bio-fuel-driven vehicles and the introduction of incentive plans aimed at promoting sustainable transportation.
The major regions in the market include South Africa, Egypt, Algeria, and Nigeria, among others.
The different fittings for the vehicles include OEM and aftermarket.
The key players in the market include 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, and Innoson Vehicle Manufacturing, among others.
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