South America CNG and LPG Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

South America Automotive CNG/LPG Vehicles Market is segmented by fuel type (Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG)), vehicle type (passenger cars and commercial vehicles), sales channel (OEM and aftermarket), and country.

South America CNG and LPG Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

South America CNG & LPG Vehicle Market Size

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South America CNG and LPG Vehicle Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.00 %
Market Concentration Low

Major Players

South America CNG and LPG Vehicle Market Key Players

*Disclaimer: Major Players sorted in no particular order

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South America CNG & LPG Vehicle Market Analysis

The South America CNG and LPG Vehicle Market is projected to grow with a CAGR of more than 3 % during the forecast period.

  • Owing to the decreasing in air quality because of the rising air pollution, along with the high fluctuations in the crude oil prices in the international markets, alternative fuels vehicles demands are rising all over the world.
  • The market is primarily driven by the factors such as with the use of CNG and LPG fuel vehicles the carbon emission in the environment can be controlled as compared to conventional fuels like Diesel and Petrol, the promotion of CNG and LPG vehicles by the governments in the region by providing financial aids for the conversion of conventional fuel vehicles to auto gas vehicles, also the increase in spending for infrastructure like auto gas stations is attracting demand for CNG and LPG vehicles in the region.
  • However, the rise of flexi fuel cars, like ethanol fuel-based vehicle in the region is affecting the growth of CNG and LPV fuel-based vehicles in the South American region. For instance, in 2019 Brazil's consumption of ethanol reached 32.8 billion liters (8.6 billion gallons), a 10.5% year-on-year increase

South America CNG & LPG Vehicle Industry Overview

The South America CNG and LPG Vehicle Market is fragmented, with many players accounting for a small market share. Some of the prominent companies in the South America CNG and LPG Vehicle Market are TA Gas Technology, Fiat, Encava, Cummins, BRC Gas Equipments and others.

  • In February 2019, Uber has signed an exclusive collaboration contract with Landi Renzo Brasil, for the conversion of cars owned by Uber partners all over Brazil from gasoline to natural gas with the fuel solutions offered by Landi Renzo.
  • In March 2019, the Municipal Government of Juarez, a city in Mexico, has leased 400 new patrol units for the Public Security Secretariat (SSPM) fleet, eighty (20%) of which have been or are in the process of being converted to CNG.

South America CNG & LPG Vehicle Market Leaders

  1. TA Gas Technology

  2. Fiat

  3. Encava

  4. Cummins Inc

  5. BRC Gas Equipment

  6. *Disclaimer: Major Players sorted in no particular order
 TA Gas Technology, Fiat, Encava, Cummins, BRC Gas Equipments
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South America CNG & LPG Vehicle Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porters Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Fuel Type
    • 5.1.1 Compressed Natural Gas
    • 5.1.2 Liquified Petroleum Gas
  • 5.2 Vehicle Type
    • 5.2.1 Passenger Cars
    • 5.2.2 Commercial Vehicles
  • 5.3 Sales Channel
    • 5.3.1 OEMs
    • 5.3.2 Aftermarket

6. Geography

  • 6.1 Brazil
  • 6.2 Argentina
  • 6.3 Bolivia
  • 6.4 Rest of South America

7. COMPETITIVE LANDSCAPE

  • 7.1 Vendor Market Share
  • 7.2 Company Profiles
    • 7.2.1 TA Gas Technology
    • 7.2.2 Fiat Motors
    • 7.2.3 Encava
    • 7.2.4 Cummins Inc.
    • 7.2.5 BRC Gas Equipments
    • 7.2.6 Valtec
    • 7.2.7 Zavoli
    • 7.2.8 EMER
  • *List Not Exhaustive

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America CNG & LPG Vehicle Industry Segmentation

The South America CNG and LPG Vehicle market report covers a detailed study on the latest trends and innovations in the market which is segmented by Fuel type (Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG)), Vehicle Type (Passenger Cars and Commercial Vehicles), Sales Channel (OEM and Aftermarket), and Country. The report also covers a detailed study on major players, their strategies, innovation in technology and financials in detail.

Fuel Type Compressed Natural Gas
Liquified Petroleum Gas
Vehicle Type Passenger Cars
Commercial Vehicles
Sales Channel OEMs
Aftermarket
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South America CNG & LPG Vehicle Market Research FAQs

What is the current South America CNG and LPG Vehicle Market size?

The South America CNG and LPG Vehicle Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Who are the key players in South America CNG and LPG Vehicle Market?

TA Gas Technology, Fiat, Encava, Cummins Inc and BRC Gas Equipment are the major companies operating in the South America CNG and LPG Vehicle Market.

What years does this South America CNG and LPG Vehicle Market cover?

The report covers the South America CNG and LPG Vehicle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America CNG and LPG Vehicle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America CNG Vehicles Industry Report

Statistics for the 2023 South America CNG Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America CNG Vehicles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.