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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Africa CNG and LPG Vehicle Market Outlook

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.

Key Trends in the Market

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.

  • One of the primary factors favouring the Africa CNG and LPG vehicle market demand is the cost-effectiveness of liquified petroleum gas (LPG) and compressed natural gas (CNG). This is prompting vehicle users, particularly taxi fleet operators, to convert their conventional fuel vehicles to bio-fuel-based alternatives.
  • The Africa CNG and LPG vehicle market growth is being propelled by the increasing urban population in various African countries. With road transport being the primary transport in the region, the demand for CNG and LPG vehicles is likely to surge amid the shift towards eco-friendly modes of transportation.
  • One of the major Africa CNG and LPG vehicle market trends include the implementation of incentive plans by governments to support the transition from traditional fuel vehicles to eco-friendly fuel vehicles. This rising focus on the transition can be attributed to the deteriorating air quality and escalating air pollution in the area.

Market Analysis

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.

  • 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

Market Share by Fuel Type

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.

Market Share by Region

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.

Competitive Landscape

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.

Key Highlights of the Report

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:

  • Fuel Type
  • Kit Type
  • Vehicle Type
  • Fitting
  • Region
Breakup by Fuel Type
  • Compressed Natural Gas
  • Liquified Petroleum Gas
Breakup by Kit Type
  • Venturi
  • Sequential
Breakup by Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
Breakup by Fitting
  • OEM
  • Aftermarket
Breakup by Region
  • South Africa
  • Egypt
  • Algeria
  • Nigeria
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

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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+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124