Auto Gas Market Report: Trends, Forecast and Competitive Analysis to 2030

Auto Gas Trends and Forecast

The future of the global auto gas market looks promising with opportunities in the passenger car and commercial vehicle markets. The global auto gas market is expected to reach an estimated $54.7 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are growing public awareness about climate change and air pollution, governments worldwide are implementing stricter emissions standards and offering financial incentives to promote the adoption of cleaner fuels, and the increasing number of autogas refueling stations globally, making it easier for drivers to access this fuel.

A more than 150-page report is developed to help in your business decisions.

Auto Gas by Segment

The study includes a forecast for the global auto gas by type, vehicle type, and region.

Auto Gas Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Propane
• Butane
• Others

Auto Gas Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Commercial Vehicles

Auto Gas Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Auto Gas Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies auto gas companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the auto gas companies profiled in this report include-

• Aygaz
• BP
• China Petroleum & Chemical
• Flogas Britain
• Lange Gas
• Likitgaz Dagitum ve Endustri Anonim Sirketi
• Shell
• SHV Energy
• Total Energies
• Westfalen

Auto Gas Market Insights

Lucintel forecasts that propane is expected to witness the highest growth over the forecast period because the propane has a significantly higher energy content than butane and it can provide vehicles with more power and range on a single tank of fuel.

Europe will remain the largest region over the forecast period due to growing emphasis on cost-cutting, growing environmental concerns, and a number of government programs and regulations to reduce vehicle emissions and enhance air quality.

Features of the Global Auto Gas Market

Market Size Estimates: Auto gas market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Auto gas market size by type, vehicle type, and region in terms of value ($B).

Regional Analysis: Auto gas market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, vehicle type, and regions for the auto gas market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the auto gas market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the auto gas market size?

Answer: The global auto gas market is expected to reach an estimated $54.7 billion by 2030.

Q2. What is the growth forecast for auto gas market?

Answer: The global auto gas market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the auto gas market?

Answer: The major drivers for this market are growing public awareness about climate change and air pollution, governments worldwide are implementing stricter emissions standards and offering financial incentives to promote the adoption of cleaner fuels, and the increasing number of autogas refueling stations globally, making it easier for drivers to access this fuel.

Q4. What are the major segments for auto gas market?

Answer: The future of the global auto gas market looks promising with opportunities in the passenger car and commercial vehicle markets.

Q5. Who are the key auto gas market companies?

Answer: Some of the key auto gas companies are as follows.

• Aygaz
• BP
• China Petroleum & Chemical
• Flogas Britain
• Lange Gas
• Likitgaz Dagitum ve Endustri Anonim Sirketi
• Shell
• SHV Energy
• Total Energies
• Westfalen

Q6. Which auto gas market segment will be the largest in future?

Answer: Lucintel forecasts that propane is expected to witness the highest growth over the forecast period because the propane has a significantly higher energy content than butane and it can provide vehicles with more power and range on a single tank of fuel.

Q7. In auto gas market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to growing emphasis on cost-cutting, growing environmental concerns, and a number of government programs and regulations to reduce vehicle emissions and enhance air quality.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the auto gas market by type (propane, butane, and others), vehicle type (passenger cars and commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?