Africa CNG and LPG Vehicle Market Growth, Size, Trends, Revenue, Challenges and Future Outlook
Africa CNG and LPG Vehicle Market Size- By Fuel Type, By Vehicle Type, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2023 | Report ID: POAE2350 | Pages: 1 - 157 | Formats*: |
| Category : Power & Energy | |||
Africa CNG and LPG Vehicle Market Introduction and Overview
According to SPER Market Research, the Africa CNG and LPG Vehicle Market is estimated to reach USD 2.85 billion by 2033 with a CAGR of 7.01%.
The report includes an in-depth analysis of the Africa CNG and LPG Vehicle Market, including market size and trends, product mix, distribution channels, and supplier analysis. CNG and LPG vehicles are those that run on alternative fuels. CNG, which stands for compressed natural gas, is mostly made up of methane. CNG vehicles run on natural gas rather than gasoline or diesel. On the other hand, LPG is an abbreviation for liquefied petroleum gas, which is primarily composed of propane or butane. LPG vehicles are powered by liquefied petroleum gas rather than gasoline or diesel.
- May 2022: TAQA Arabia, an Egyptian midstream hydrocarbon infrastructure provider, has successfully delivered the initial batch of five CNG vehicles to Equatorial Guinea. These vehicles were provided as part of a supply agreement with the Ministry of Mines and Hydrocarbon. The collaboration aims to facilitate the expansion of the Central Africa gas market.
- March 2022: Suzuki has launched the second generation of its Celerio model in South Africa. The car comes equipped with an original equipment (OE) CNG kit, which is intended to enhance the vehicle's fuel efficiency.
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Market Opportunities and Challenges
- Opportunities:
- Growing Demand for Eco-Friendly Transportation: With a focus on environmental sustainability, there is a growing need for cleaner, greener transportation solutions in Africa. Vehicles that run on CNG and LPG have lower emissions, which may appeal to customers and businesses who care about the environment.
- Abundant Natural Gas and Petroleum Resources: Natural gas and petroleum reserves are plentiful in Africa, which makes it a good location for the adoption of CNG and LPG automobiles. Utilising these homegrown resources can decrease reliance on fossil fuel imports, improving energy security.
- Challenges:
- Limited Refuelling Infrastructure: The dearth of a substantial refuelling infrastructure for CNG and LPG cars is one of the biggest problems. To promote greater use, spending on the construction of refuelling stations and distribution networks is crucial.
- High Initial expenses: Compared to traditional petrol or diesel automobiles, CNG and LPG vehicles may have greater upfront expenses. Even if there are possible long-term fuel savings, this may put off price-sensitive customers and fleet operators.
Market Competitive Landscape
The Africa CNG and LPG Vehicle Market exhibit fragmentation, with several companies holding modest market shares. Key players like ExoGas, Seat SA, Cummins Inc, and BRC Gas Equipments are among the notable companies in this sector. These firms are making substantial investments in the research and development of CNG and LPG vehicles to enhance their offerings in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Fuel Type, By Vehicle Type, By Sales Channel |
| Regions covered | Egypt, Ethiopia, Morocco, Nigeria, South Africa, Rest of the Africa |
| Companies Covered | African Gas Equipment, BRC Gas Equipments, Cummins Inc., EMER, ExoGas, Seat SA, Valtec, Zavoli, Others |
COVID-19 Impact on Africa CNG and LPG Vehicle Market
On the market for CNG and LPG vehicles in Africa, the COVID-19 pandemic had a conflicting effect. The initial phase saw a decrease in vehicle sales and infrastructure construction due to lockdowns, travel restrictions, and economic uncertainty. Government pandemic response priorities caused delays in alternative fuel incentives and policies. However, the crisis also brought to light the significance of energy security and environmental sustainability, which can increase interest in cleaner fuels like CNG and LPG. The market may benefit from post-pandemic recovery efforts and a renewed emphasis on green measures. To fully realise the promise of CNG and LPG vehicles in Africa, obstacles still exist, such as a lack of financing and a weaker infrastructure.
Key Target Audience
- Budget-Conscious Consumers
- Businesses and Industries
- Countries with Incentive Programs
- Environmental Regulations
- Fleet Operators
- Private Vehicle Owners
- Regions with Infrastructure Support
- Others
Our in-depth analysis of the Africa CNG and LPG Vehicle Market includes the following segments:
| By Fuel Type: |
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| By Vehicle Type: |
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| By Sales Channel: |
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Key Topics Covered in the Report
- Africa CNG and LPG Vehicle Market Size (FY’2023-FY’2033)
- Overview of Africa CNG and LPG Vehicle Market
- Segmentation of Africa CNG and LPG Vehicle Market By Fuel Type (Compressed Natural Gas, Liquified Petroleum Gas)
- Segmentation of Africa CNG and LPG Vehicle Market By Vehicle Type (Commercial Vehicles, Passenger Cars)
- Segmentation of Africa CNG and LPG Vehicle Market By Sales Channel (Aftermarket, OEM)
- Statistical Snap of Africa CNG and LPG Vehicle Market
- Expansion Analysis of Africa CNG and LPG Vehicle Market
- Problems and Obstacles in Africa CNG and LPG Vehicle Market
- Competitive Landscape in the Africa CNG and LPG Vehicle Market
- Impact of COVID-19 and Demonetization on Africa CNG and LPG Vehicle Market
- Details on Current Investment in Africa CNG and LPG Vehicle Market
- Competitive Analysis of Africa CNG and LPG Vehicle Market
- Prominent Players in the Africa CNG and LPG Vehicle Market
- SWOT Analysis of Africa CNG and LPG Vehicle Market
- Africa CNG and LPG Vehicle Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Africa CNG and LPG Vehicle Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Africa CNG and LPG Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Africa CNG and LPG Vehicle Market
7. Africa CNG and LPG Vehicle Market, By Fuel Type (USD Million)
7.1. Africa CNG and LPG Vehicle Market Value Share and Forecast, By Fuel Type, 2023-20337.2. Compressed Natural Gas7.3. Liquified Petroleum Gas
8. Africa CNG and LPG Vehicle Market, By Vehicle Type (USD Million)
8.1. Africa CNG and LPG Vehicle Market Value Share and Forecast, By Vehicle Type, 2023-20338.2. Commercial Vehicles8.3. Passenger Cars
9. Africa CNG and LPG Vehicle Market, By Sales Channel (USD Million)
9.1. Africa CNG and LPG Vehicle Market Value Share and Forecast, By Sales Channel, 2023-20339.2. Aftermarket9.3. OEM
10. Africa CNG and LPG Vehicle Market Forecast, 2019-2033 (USD Million)
10.1. Africa CNG and LPG Vehicle Market Size and Market Share
11. Africa CNG and LPG Vehicle Market, By Fuel Type, 2019-2033 (USD Million)
11.1. Africa CNG and LPG Vehicle Market Size and Market Share By Fuel Type (2019-2026)11.2. Africa CNG and LPG Vehicle Market Size and Market Share By Fuel Type (2027-2033)
12. Africa CNG and LPG Vehicle Market, By Vehicle Type, 2019-2033 (USD Million)
12.1. Africa CNG and LPG Vehicle Market Size and Market Share By Vehicle Type (2019-2026)12.2. Africa CNG and LPG Vehicle Market Size and Market Share By Vehicle Type (2027-2033)
13. Africa CNG and LPG Vehicle Market, By Sales Channel, 2019-2033 (USD Million)
13.1. Africa CNG and LPG Vehicle Market Size and Market Share By Sales Channel (2019-2026)13.2. Africa CNG and LPG Vehicle Market Size and Market Share By Sales Channel (2027-2033)
14. Africa CNG and LPG Vehicle Market, By Region, 2019-2033 (USD Million)
14.1. Africa CNG and LPG Vehicle Market Size and Market Share By Region (2019-2026)14.2. Africa CNG and LPG Vehicle Market Size and Market Share By Region (2027-2033)14.3. Egypt14.4. Ethiopia14.5. Morocco14.6. Nigeria14.7. South Africa14.8. Rest of the Africa
15. Company Profile
15.1. African Gas Equipment
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. BRC Gas Equipments
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Cummins Inc.
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. EMER
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. ExoGas
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Seat SA
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Valtec
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Zavoli
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Africa CNG and LPG Vehicle Market is projected to reach USD 2.85 billion by 2033, growing at a CAGR of 7.01% during the forecast period.
Africa CNG and LPG Vehicle Market grew in market size from 2022. The Market is expected to reach USD 2.85 billion by 2033, at a CAGR of 7.01% during the forecast period.
Africa CNG and LPG Vehicle Market CAGR of 7.01% during the forecast period.
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Africa CNG and LPG Vehicle Market size is USD 2.85 billion from 2023 to 2033.
Africa CNG and LPG Vehicle Market Segment is covered By Fuel Type, By Vehicle Type, By Sales Channel.
The Africa is anticipated to have the highest market share in the Africa CNG and LPG Vehicle Market.
The key players in the market include Companies Covered African Gas Equipment, BRC Gas Equipments, Cummins Inc., EMER, ExoGas, Seat SA, Valtec, Zavoli, Others.
The report includes an in-depth analysis of the Africa CNG and LPG Vehicle Market, including market size and trends, product mix, distribution channels, and supplier analysis
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