Africa CNG and LPG Vehicle Market Report and Forecast 2025-2034
Description
The Africa CNG and LPG vehicle market size reached approximately USD 1.51 Billion in 2024. The market is projected to grow at a CAGR of 7.10% between 2025 and 2034, reaching a value of around USD 3.00 Billion by 2034.
Key Trends in the Market
CNG and LPG vehicles are vehicles that are powered by alternative fuels. CNG, an acronym for compressed natural gas, is primarily composed of methane. CNG vehicles utilise natural gas as fuel instead of gasoline or diesel. On the other hand, LPG stands for liquefied petroleum gas, which primarily consists of propane or butane. LPG vehicles utilise liquefied petroleum gas as a fuel source instead of gasoline or diesel to operate.
The EMR’s report titled “Africa CNG and LPG Vehicle Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Fuel Type
According to the Africa CNG and LPG vehicle market analysis, compressed natural gas is likely to play a major role in the development of the market. The major factor driving the demand for compressed natural gas (CNG) can be attributed to its low cost, which significantly reduces the per-kilometre driving expenses for vehicles. This cost advantage has proven to be an attractive incentive, particularly for taxi fleet operators, leading to a growing trend of converting conventional fuel vehicles to CNG-powered alternatives.
Market Share by Region
Egypt is expected to hold major portion of the Africa CNG and LPG vehicle market share due to the extensive natural gas consumption in the country. The Egyptian government is one of the biggest investors and promoters of CNG vehicles, and it provides financial assistance to boost the adoption of such vehicles. It has also implemented a conversion programme that seeks to enhance the conversion rate to bio-fuel vehicles by leveraging the affordability of CNG.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Africa CNG and LPG vehicle market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Volkswagen Group
Volkswagen Group is a German-based multinational automotive manufacturer, serving as a prominent player in the global automotive sector and headquartered in Wolfsburg, Germany. Established in 1937, the company has achieved significant growth to secure its position as one of the largest automobile manufacturers worldwide.
Volvo Group
Volvo Group is a renowned Swedish multinational manufacturer with expertise in commercial vehicles, construction equipment, and solutions for marine and industrial applications. The company's headquarters are situated in Gothenburg, Sweden, and it was established in 1927.
Ford Motor Company
Ford Motor Company, an American multinational automaker, has its headquarters situated in Michigan. Established by Henry Ford on June 16, 1903, it holds a distinguished position as one of the oldest and largest automobile manufacturers worldwide.
Other Africa CNG and LPG vehicle market players include Hyundai Motor Company, Suzuki Motor Corporation, Landi Renzo S.p.A., Exogas Africa, Westport Fuel Systems Italia S.r.l., Iveco Group, and Innoson Vehicle Manufacturing, among others.
Key Trends in the Market
CNG and LPG vehicles are vehicles that are powered by alternative fuels. CNG, an acronym for compressed natural gas, is primarily composed of methane. CNG vehicles utilise natural gas as fuel instead of gasoline or diesel. On the other hand, LPG stands for liquefied petroleum gas, which primarily consists of propane or butane. LPG vehicles utilise liquefied petroleum gas as a fuel source instead of gasoline or diesel to operate.
- One of the primary factors favouring the Africa CNG and LPG vehicle market demand is the cost-effectiveness of liquified petroleum gas (LPG) and compressed natural gas (CNG). This is prompting vehicle users, particularly taxi fleet operators, to convert their conventional fuel vehicles to bio-fuel-based alternatives.
- The Africa CNG and LPG vehicle market growth is being propelled by the increasing urban population in various African countries. With road transport being the primary transport in the region, the demand for CNG and LPG vehicles is likely to surge amid the shift towards eco-friendly modes of transportation.
- One of the major Africa CNG and LPG vehicle market trends include the implementation of incentive plans by governments to support the transition from traditional fuel vehicles to eco-friendly fuel vehicles. This rising focus on the transition can be attributed to the deteriorating air quality and escalating air pollution in the area.
The EMR’s report titled “Africa CNG and LPG Vehicle Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Fuel Type
- Compressed Natural Gas
- Liquified Petroleum Gas
- Venturi
- Sequential
- Passenger Cars
- Commercial Vehicles
- OEM
- Aftermarket
- South Africa
- Egypt
- Algeria
- Nigeria
- Others
According to the Africa CNG and LPG vehicle market analysis, compressed natural gas is likely to play a major role in the development of the market. The major factor driving the demand for compressed natural gas (CNG) can be attributed to its low cost, which significantly reduces the per-kilometre driving expenses for vehicles. This cost advantage has proven to be an attractive incentive, particularly for taxi fleet operators, leading to a growing trend of converting conventional fuel vehicles to CNG-powered alternatives.
Market Share by Region
Egypt is expected to hold major portion of the Africa CNG and LPG vehicle market share due to the extensive natural gas consumption in the country. The Egyptian government is one of the biggest investors and promoters of CNG vehicles, and it provides financial assistance to boost the adoption of such vehicles. It has also implemented a conversion programme that seeks to enhance the conversion rate to bio-fuel vehicles by leveraging the affordability of CNG.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Africa CNG and LPG vehicle market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Volkswagen Group
Volkswagen Group is a German-based multinational automotive manufacturer, serving as a prominent player in the global automotive sector and headquartered in Wolfsburg, Germany. Established in 1937, the company has achieved significant growth to secure its position as one of the largest automobile manufacturers worldwide.
Volvo Group
Volvo Group is a renowned Swedish multinational manufacturer with expertise in commercial vehicles, construction equipment, and solutions for marine and industrial applications. The company's headquarters are situated in Gothenburg, Sweden, and it was established in 1927.
Ford Motor Company
Ford Motor Company, an American multinational automaker, has its headquarters situated in Michigan. Established by Henry Ford on June 16, 1903, it holds a distinguished position as one of the oldest and largest automobile manufacturers worldwide.
Other Africa CNG and LPG vehicle market players include Hyundai Motor Company, Suzuki Motor Corporation, Landi Renzo S.p.A., Exogas Africa, Westport Fuel Systems Italia S.r.l., Iveco Group, and Innoson Vehicle Manufacturing, among others.
Table of Contents
148 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Africa CNG and LPG Vehicle Market Overview
- 5.1 Key Industry Highlights
- 5.2 Africa CNG and LPG Vehicle Historical Market (2018-2024)
- 5.3 Africa CNG and LPG Vehicle Market Forecast (2025-2034)
- 6 Africa CNG and LPG Vehicle Market by Fuel Type
- 6.1 Compressed Natural Gas
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Liquified Petroleum Gas
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Africa CNG and LPG Vehicle Market by Kit Type
- 7.1 Venturi
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Sequential
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Africa CNG and LPG Vehicle Market by Vehicle Type
- 8.1 Passenger Cars
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Commercial Vehicles
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Africa CNG and LPG Vehicle Market by Fitting
- 9.1 OEM
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Aftermarket
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Africa CNG and LPG Vehicle Market by Country
- 10.1 South Africa
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Egypt
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Algeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Nigeria
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Volkswagen Group
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Volvo Group
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Ford Motor Company
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Hyundai Motor Company
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Suzuki Motor Corporation
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Landi Renzo S.p.A.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Exogas Africa
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Westport Fuel Systems Italia S.r.l.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Iveco Group
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Innoson Vehicle Manufacturing
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
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