PUBLISHER: IMARC | PRODUCT CODE: 1451801
PUBLISHER: IMARC | PRODUCT CODE: 1451801
Auto Gas Market Report by Type (Propane, Butane, and Others), Vehicle Type (Passenger cars, Commercial vehicles), and Region 2024-2032
The global auto gas market size reached US$ 51.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 78.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032. The increasing concerns and awareness about environmental issues, lower maintenance costs associated with auto gas-powered vehicles, desire for energy diversification, expansion and development of auto gas infrastructure, and advancement of vehicle conversion technology, represent some of the key factors driving the market.
Auto gas, also known as autogas or liquefied petroleum gas (LPG), is a clean-burning alternative fuel commonly used in internal combustion engines. It is composed of a mixture of propane and butane gases, which are derived from the refining of crude oil or natural gas processing. Auto gas is stored in pressurized tanks in a liquid state that is converted into vapor when it is released for combustion. It offers several advantages as a fuel for vehicles, such as it is a more environment-friendly option compared to traditional gasoline or diesel fuels. Furthermore, auto gas is cost-effective as it is generally priced lower than gasoline and diesel, making it an attractive choice for budget-conscious vehicle owners. Additionally, the maintenance costs associated with auto gas-powered vehicles tend to be lower compared to traditional internal combustion engines, as auto gas burns cleaner, leading to reduced engine wear and extended lifespan of engine components.
Auto Gas Market Trends:
One of the primary factors driving the market is the increasing awareness and concerns about environmental issues, such as air pollution and climate change. Auto gas is considered a cleaner-burning fuel compared to gasoline and diesel, as it emits fewer greenhouse gases, particulate matter, and toxic pollutants. Besides this, governments and environmental organizations are promoting the use of auto gas to reduce vehicular emissions and improve air quality. Additionally, auto gas is generally priced lower than traditional fuels like gasoline and diesel. This cost advantage and the lower maintenance costs associated with auto gas-powered vehicles makes auto gas an attractive option for vehicle owners. Other than this, the availability and accessibility of auto gas refueling infrastructure are key factors influencing its market growth. Expansion of refueling stations and the establishment of a robust distribution network is essential for the wider adoption of auto gas. Moreover, governments and private companies are investing in infrastructure development to ensure convenient refueling options for auto gas users. Besides this, the advancement of vehicle conversion technology has facilitated the adoption of auto gas. Furthermore, the availability of conversion kits and the expertise of skilled technicians are making it convenient for vehicle owners to switch to auto gas without significant modifications to their vehicles. On account of these factors, the market is expected to create a positive thrust in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global auto gas market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and vehicle type.
Type Insights:
Propane
Butane
Others
The report has provided a detailed breakup and analysis of the auto gas market based on the type. This includes propane, butane, and others. According to the report, propane represented the largest segment.
Vehicle Type Insights:
Passenger cars
Commercial vehicles
A detailed breakup and analysis of the auto gas market based on the end user has also been provided in the report. This includes passenger cars and commercial vehicles. According to the report, passenger cars accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for auto gas. Some of the factors driving the Europe auto gas market included rising environmental concerns, increased focus on cost saving, and several government initiatives and policies to minimize vehicular emissions and improve air quality.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global auto gas market. Detailed profiles of all major companies have been provided. Some of the companies covered include Aygaz A.S., BP plc, China Petroleum & Chemical Corporation (China Petrochemical Corporation), Flogas Britain Limited (DCC plc), Lange Gas, Likitgaz Dagitum ve Endustri Anonim Sirketi, Shell Plc, SHV Energy N.V., Total Energies SE, Westfalen, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global auto gas market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global auto gas market?
- What is the impact of each driver, restraint, and opportunity on the global auto gas market?
- What are the key regional markets?
- Which countries represent the most attractive auto gas market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the auto gas market?
- What is the breakup of the market based on the vehicle type?
- Which is the most attractive vehicle type in the auto gas market?
- What is the competitive structure of the global auto gas market?
- Who are the key players/companies in the global auto gas market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Auto Gas Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Propane
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Butane
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Vehicle Type
- 7.1 Passenger Cars
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial Vehicles
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Aygaz A.S.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 BP p.l.c.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 China Petroleum & Chemical Corporation (China Petrochemical Corporation)
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Flogas Britain Limited (DCC plc)
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Lange Gas
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Likitgaz Dagitim ve Endustri Anonim Sirketi
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Shell plc
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 SHV Energy N.V. (SHV Holdings)
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 TotalEnergies SE
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Westfalen
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.1 Aygaz A.S.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Auto Gas Market: Major Drivers and Challenges
- Figure 2: Global: Auto Gas Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 3: Global: Auto Gas Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Auto Gas Market: Breakup by Type (in %), 2023
- Figure 5: Global: Auto Gas Market: Breakup by Vehicle Type (in %), 2023
- Figure 6: Global: Auto Gas Market: Breakup by Region (in %), 2023
- Figure 7: Global: Auto Gas (Propane) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Auto Gas (Propane) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Auto Gas (Butane) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Auto Gas (Butane) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Auto Gas (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Auto Gas (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Auto Gas (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Auto Gas (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Auto Gas (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Auto Gas (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: North America: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: North America: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: United States: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: United States: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Canada: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Canada: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Asia-Pacific: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Asia-Pacific: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: China: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: China: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Japan: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Japan: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: India: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: India: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: South Korea: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: South Korea: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Australia: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Australia: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Indonesia: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Indonesia: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Others: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Others: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Europe: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Europe: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Germany: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Germany: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: France: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: France: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: United Kingdom: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: United Kingdom: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Italy: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Italy: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Spain: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Spain: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Russia: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Russia: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Latin America: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Latin America: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Brazil: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Brazil: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Mexico: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Mexico: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Middle East and Africa: Auto Gas Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Middle East and Africa: Auto Gas Market: Breakup by Country (in %), 2023
- Figure 65: Middle East and Africa: Auto Gas Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Global: Auto Gas Industry: Drivers, Restraints, and Opportunities
- Figure 67: Global: Auto Gas Industry: Value Chain Analysis
- Figure 68: Global: Auto Gas Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Auto Gas Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Auto Gas Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Auto Gas Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 4: Global: Auto Gas Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Auto Gas Market: Competitive Structure
- Table 6: Global: Auto Gas Market: Key Players
