More Than 1.4 Million Autogas Vehicles Will be Sold Annually Worldwide by 2020

February 20, 2012

With a cost per gallon significantly lower than gasoline or diesel in many countries, and at least an initial existing infrastructure, the vehicle market for liquefied petroleum gas (LPG), otherwise known as propane or autogas, seems poised for growth.  However, increasing interest in compressed natural gas as a vehicle fuel, along with hesitation by both biofuel producers and auto manufacturers to make a significant investment in autogas, will most likely limit future growth in this sector to a slow and steady pace.  According to a recent report from Pike Research, a part of Navigant’s Energy Practice, the number of autogas vehicles sold worldwide each year will surpass 1.4 million by 2020.

“Autogas is relatively clean burning, easy to store and transport, has high energy content, and is widely available in many countries,” says senior research analyst David Alexander.  “In countries with government incentives, a commitment to limiting fuel taxes, infrastructure to make the fuel easy to obtain, and the availability of vehicles, this market will accelerate.  That’s unlikely to happen, though, in countries where autogas is not already established.”

Turkey, where more than 200,000 autogas vehicles are sold each year, is by far the largest market in the world for these vehicles, according to the report.  Because most applications for LPG have the fuel delivered to on-site storage tanks, the most popular automotive use in many countries is for fleet operations, where vehicles return to a central depot every day.

The report, “Propane Autogas Vehicles”, analyzes the opportunities and challenges in the market for autogas vehicle conversions.  The report provides an examination of autogas use in vehicles and highlights the countries where such conversions are most popular.  The study includes forecasts through 2020 for component sales and installation labor cost by world region, along with a detailed analysis of the benefits, drivers, and market barriers for autogas vehicles.  Key market players are also profiled.  An Executive Summary of the report is available for free download on the Pike Research website.

Contact: Richard Martin

+1.303.997.7609

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Propane Autogas Vehicles,” is a summary and reflects Pike Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Revenue from Energy Efficient Building Products and Services Is Expected to Total More than $4.3 Billion from 2015 to 2023
March 4, 2015Building envelope technologies represent the largest energy efficient building market segment, report finds • A recent report from Navigant Research analyzes the global market for commercial building energy…
Read More »
Home Energy Management Revenue Is Expected to Total More than $22 Billion from 2014 to 2023
March 2, 2015The global market is expected to peak in 2020 following Great Britain’s government-mandated smart meter rollout, report finds • A recent report from Navigant Research examines regional and global trends in the home…
Read More »
Longer Blades and New Materials are Dramatically Affecting the Global Wind Turbine Manufacturing Industry
February 27, 2015Innovation and lean manufacturing are leading to rapid evolution in blade design and manufacture, report concludes • A recent report from Navigant Research examines the significant forces shaping the global wind…
Read More »
Annual Transmission Synchrophasor Revenue Is Expected To Reach $16.7 Billion by 2023
February 25, 2015Asia Pacific, North America, Europe, and Latin America will represent more than 90% of the SWASA market, report finds • A recent report from Navigant Research analyzes the global market for the eight underlying…
Read More »
View All News

{"userID":"","pageName":"More Than 1.4 Million Autogas Vehicles Will be Sold Annually Worldwide by 2020","path":"\/newsroom\/more-than-1-4-million-autogas-vehicles-will-be-sold-annually-worldwide-by-2020","date":"3\/4\/2015"}