India Automotive CNG/LPG Kit market expected to grow at a CAGR of 7.77% from 2020-2026

Indian Automotive CNG & LPG kit Market has reached USD 5.15 Million units in 2019 and projected to expand with a growth rate of 7.77%, in Volume terms, during 2020 to 2026. The market is expected to generate a revenue of USD 8.68 million units by 2026.

Indian Automotive CNG & LPG kit Market has reached USD 5.15 Million units in 2019 and projected to expand with a growth rate of 7.77%, in Volume terms, during 2020 to 2026. The market is expected to generate a revenue of USD 8.68 million units by 2026. With a large number of Indian cities embarking for cleaner fuel, CNG is gaining momentum in the Indian automotive market.

Factors contributing to this growth include increasing demand for more economical fuel compared to conventional fuels and rising demand for environment-friendly fuel to decrease intensifying pollution levels in cities in India. Major automakers have also started integrating LPG and CNG fuel systems into their latest models. CNG tanks need storage space, the CNG cylinder can be substantial, the tank’s added weight offset by a petrol fuel’s reduced weight. The vehicle’s output after installation of the CNG / LPG package is significantly lowered. Such factors related to the CNG / LPG package are becoming restrictive in the growth of the CNG / LPG kit sector in the Indian automotive industry.

Request to get the report sample pages at :

CNG segment in automotive CNG/LPG kit market is expected to dominate during the forecast period from 2020-2026 across the region. In four years, demand for compressed natural gas (CNG) increased by 50% as a result of a combination of the Modi government’s drive to popularize less polluting fuel, increase filling stations, lower gas prices, and the launch of several CNG vehicles by car manufacturers. Key factors leading to this growth include growing demand for more economical fuel compared to conventional fuels and increasing demand for environmentally friendly fuel to minimize the increasing levels of pollution in cities in India. 

In practice, the financial superiority of Autogas over other fuels depends mostly on two factors: the net cost of converting an existing gasoline vehicle (or the added cost of buying a factory-built Autogas vehicle compared to the equivalent of Petrol or Diesel) and the price of the Auto-gas pump relative to diesel and Petrol. In short, the car owner must be compensated for increased upfront costs by decreased running costs, the most important of which is Petrol.

Increased urbanization and a robust increase in the automotive industry have contributed to the rise in CO2 emissions across the country, especially in various major cities in India over the last decade. Vehicles with conventional fuel systems are among the leading contributors to pollution. To overcome this challenge, Indian governments are taking initiatives and offering incentives to encourage customers to move from traditional fuels to CNG and auto gas, thereby increasing demand for new CNG & LPG automotive kits.

Enquire Before Purchase :

Geographically, the India Automotive CNG/LPG Kit market is bifurcated into Northern India, Southern India, Eastern India, Western India. Northern India is dominated the Automotive CNG/LPG Kit market. Due to the advent of natural gas and liquefied petroleum gas (propane and butane) as the most preferred alternative fuels instead of petrol and diesel, CNG and LPG Sequential kits are built-in private as well as commercial vehicles such as buses, taxis, etc. While CNG creates greenhouse gasses after combustion, it is an alternative that is cleaner from the atmosphere than other fossil fuels like gasoline. LPG is produced during petroleum refining (crude oil) or extracted from flows of petroleum or natural gas as they emerge from the soil.

The major market players in the Automotive CNG/LPG Kit are Maruti Suzuki, Hyundai Motor, Mahindra & Mahindra, TATA Motors Limited, Bajaj, Piaggio, General Motors, Honda Motor Co. Ltd., Ford Motor, Toyota Motor Corporation, Ashok Leyland, and Other Prominent Players are expanding their presence in the market by implementing various innovations and technology.

Browse other Related Reports

Electric Bus Market

Global Electric Bus Market is anticipated to grow at a significant rate during the forecast period. The electric bus market is projected to surpass US$ 165 Bn by the year 2026, gradually expanding at a growth rate of CAGR of more than 24% during the forecast period.

Rolling Stock Market

Global Rolling Stock Market by region can be sub-divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is expected to be the most lucrative region for rolling stock market in the coming years. Growing population in the Asia Pacific region especially China, Japan, and India has surged the demand for freight transport and boosted the market growth.–bwc19252

About Us

BlueWeave Consulting is a one-stop solution for market intelligence regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BWC has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients.

Media Contact
Company Name: BlueWeave Consulting
Contact Person: Laltu
Email: Send Email
Phone: +1 866 658 6826
Address:Noida Sector 63
Country: India