Autogas Market by Source (Associated Gas, Non-associated Gas, Refinery), End-user (Agricultural, Automotive, Commercial) - Global Forecast 2024-2030

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[183 Pages Report] The Autogas Market size was estimated at USD 126.41 billion in 2023 and expected to reach USD 133.81 billion in 2024, at a CAGR 5.96% to reach USD 189.67 billion by 2030.

Autogas known as liquefied petroleum gas (LPG) when used as a vehicle fuel, is a blend of propane and butane. It presents a cleaner, more cost-effective, and lower-emission alternative to traditional gasoline and diesel fuels. Autogas is used globally for various types of vehicles, contributing to a significant reduction in air pollutants and greenhouse gas emissions. The primary drivers include the lower cost of autogas compared to gasoline and diesel, supportive environmental regulations, and the increasing number of vehicles equipped to use autogas. The cost-effectiveness stems from lower taxes and the abundant supply of LPG. Environmental regulations across the globe favor autogas owing to its lower emissions profile, which significantly drives its adoption. The major restraints include the availability of refueling infrastructure in certain regions and the initial conversion cost for vehicles. The limited number of autogas refueling stations compared to traditional fuels can deter potential users, and the upfront cost to convert vehicles to LPG use remains a financial barrier for some. Competition from other alternative fuels such as CNG, electric, and hybrid vehicles poses significant challenges. Furthermore, fluctuating oil prices can make LPG less economically attractive when gasoline prices fall. Emerging markets offer significant opportunities due to rising automotive sales and increasing environmental concerns. Development of advanced, cost-effective conversion kits and expansion of LPG refueling infrastructure can further increase the adoption. Additionally, government incentives for using cleaner fuels can amplify adoption rates.

The autogas market is expanding globally due to environmental regulations, high fuel costs, and technological advancements. In the U.S., strict emissions standards drive market growth, particularly in commercial fleets and public transportation, with increasing investment in refueling infrastructure enhancing convenience. Canada mirrors these trends, focusing on reducing greenhouse gas emissions with substantial participation from government and corporate fleets. Europe is a significant market, with countries including Germany, Italy, and the Netherlands benefiting from established refueling networks and strict emissions regulations. The Middle East, particularly the UAE and Saudi Arabia, explores autogas to diversify energy resources, with initiatives aimed at infrastructure and pilot programs. Africa sees varied adoption, led by South Africa's policies addressing urban pollution, but faces infrastructure and economic challenges. China and India are emerging markets with aggressive policies to curb pollution and significant investments in refueling infrastructure. Japan's market remains stable with continued use in commercial fleets supported by government grants. Latin American countries, including Brazil and Argentina, and ASEAN nations, such as Indonesia and Thailand, invest in autogas to reduce fuel costs and emissions, supported by government incentives and awareness campaigns.

The United States and Canada have stringent regulations to reduce emissions, encouraging alternative fuels through tax rebates and grants. In Europe, the European Union enforces rigorous environmental regulations, with countries such as Italy and Germany offering subsidies and tax exemptions. The Middle East, particularly the UAE and Saudi Arabia, is evolving its regulatory frameworks to diversify its energy portfolio by developing autogas infrastructure for public transportation.

Autogas Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Autogas Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing government initiatives to promote the use of autogas
    • Rising awareness of energy security and reducing dependency on crude oil
    • Growing adoption of autogas in fleet vehicles
  • Market Restraints
    • Problems related to availability and accessibility of autogas fueling stations
  • Market Opportunities
    • Technical advancements in autogas refueling process
    • Increase in stringent environmental regulations mandating the use of low-emitting fuels
  • Market Challenges
    • Issues regarding compliance of regulatory framework and standards

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Autogas Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Autogas Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Autogas Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Autogas Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Autogas Market, highlighting leading vendors and their innovative profiles. These include Aegis Logistics Ltd., Air Liquide Australia, Auto Gas SA, BP PLC, China Petroleum & Chemical Corporation., ConocoPhillips Company, EnviTec Biogas AG, Evonik, Exxon Mobil Corporation., Indian Oil Corporation Ltd, INDIANOIL PETRONAS PRIVATE LIMITED, Indraprastha Gas Limited - IGL, National Gas Company, Origin Energy Limited, PETRONAS Dagangan Berhad, QatarEnergy, Reliance Gas, Royal Dutch shell PLC, SHV Energy, Suburban Propane, TotalEnergies SE, UGI Corporation, WP Energy Public Company Limited, and Wärtsilä Corporation.

Market Segmentation & Coverage

This research report categorizes the Autogas Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Source
    • Associated Gas
    • Non-associated Gas
    • Refinery
  • End-user
    • Agricultural
    • Automotive
    • Commercial
    • Industrial
    • Residential

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Autogas Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Autogas Market, by Source
  7. Autogas Market, by End-user
  8. Americas Autogas Market
  9. Asia-Pacific Autogas Market
  10. Europe, Middle East & Africa Autogas Market
  11. Competitive Landscape
  12. List of Figures [Total: 19]
  13. List of Tables [Total: 201]
  14. List of Companies Mentioned [Total: 24]
Frequently Asked Questions
  1. How big is the Autogas Market?
    Ans. The Global Autogas Market size was estimated at USD 126.41 billion in 2023 and expected to reach USD 133.81 billion in 2024.
  2. What is the Autogas Market growth?
    Ans. The Global Autogas Market to grow USD 189.67 billion by 2030, at a CAGR of 5.96%
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