Global LPG Automotive Market Overview:
Autogas is the common name for liquefied petroleum gas (LPG) when it is used as a fuel in internal combustion engines in vehicles such as cars, buses, lorries, or trucks. It is now the most widely accepted alternative fuel in the automotive industry. Automotive LPG or autogas has low emissions and almost no particulate emissions, which have an immediate impact on local air quality. There are already 23 million vehicles powered by autogas worldwide. It is not only readily available and abundant, but it is also cost-effective and environmentally friendly. Autogas consumption has been rapidly increasing globally in recent years. In the light and medium duty range (cars, pickup trucks, and vans), as well as the bus market, autogas vehicles have both original equipment manufacturers and conversion offerings.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- The Surging Importance Of Clean Environment And Balance Of The Ecosystem
- The Increasing Demand Of Passenger Cars In Developing Economies
- Increasing Crude Oil Prices Across Global
Roadblocks
- Lack Of Proper Refueling Infrastructure
Opportunities
- Rise In Government Incentives To Encourage The Promotion Of LPG Automotive
Challenges
- Intense Competition In The Market Due To Presence Of Global Manufacturers
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Tata Motors Ltd. (India), Suzuki Motor Corporation (Japan), Hyundai Motor Group (South Korea), Volkswagen AG (Germany), Ford Motor Company (United States), General Motors (United States), Toyota (Japan), Bajaj Auto Limited (India), Mahindra (India) and Nissan (Japan). Additionally, following companies can also be profiled that are part of our coverage like Renault Group (France), Piaggio (Italy), AUTO-GAS (France) and Landi Renzo S.p.A. (Italy). Analyst at AMA Research see United States Vendors to retain maximum share of Global LPG Automotive market by 2027. Considering Market by Kit Type, the sub-segment i.e. Venturi Kits will boost the LPG Automotive market.
What Can be Explored with the LPG Automotive Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global LPG Automotive Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in LPG Automotive
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global LPG Automotive market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in LPG Automotive market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes LPG Automotive Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.