Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Automotive LPG System Parts Market by Type (Filling Valve, Tank, LPG Tank Valve), By Application (Passenger Cars, Commercial Vehicles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Automotive LPG System Parts Market by Type (Filling Valve, Tank, LPG Tank Valve), By Application (Passenger Cars, Commercial Vehicles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 288039 4200 Automobile & Transportation 377 147 Pages 4.5 (49)
                                          

Market Overview:


The global automotive LPG system parts market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. The global automotive LPG system parts market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into filling valve, tank and LPG tank valve. The filling valve segment is expected to account for a major share of the global automotive LPG system parts market during the forecast period owing to its high adoption in passenger cars. On the basis of application,the market has been divided into passenger cars and commercial vehicles.


Global Automotive LPG System Parts Industry Outlook


Product Definition:


The automotive LPG system is a system that uses liquefied petroleum gas (LPG) as a fuel. The LPG is stored in a tank and compressed before it enters the engine. The system includes parts such as the tank, compressor, injectors, and regulator.


The automotive LPG system is important because it allows vehicles to run on a fuel that is cheaper and cleaner than gasoline.


Filling Valve:


The filling valve is a device that controls the flow of liquid petroleum gas into an automotive gas tank. The LPG system parts market is expected to witness significant growth over the forecast period owing to increasing demand for natural gas in various end-use industries such as power generation, transportation, and domestic sectors.


Increasing environmental concerns regarding carbon emissions from gasoline usage has resulted in increased adoption of compressed natural gas (CNG) vehicles across North America and Europe regions.


Tank:


The tank is a container for storing Liquefied Petroleum Gas (LPG). It is used in automotive LPG systems to store the gas that comes out of the fuel tanks and into the vehicle’s engine. The size of a tank can vary based on need, but it must be large enough to hold at least 20% of fuel capacity.


Application Insights:


Passenger cars application segment led the global automotive LPG system parts market in 2017 and is projected to maintain its dominance over the forecast period. The increasing demand for passenger cars as a result of growing middle-class population, rapid urbanization, and favorable government policies is expected to drive the growth of this segment. In addition, stringent regulations regarding vehicle emissions are anticipated to boost product demand in this segment over the coming years.


Commercial vehicles application segment accounted for more than 35% share of global revenue in 2017 owing to increased use of commercial vehicles for logistics purposes such as transporting goods from warehouses to stores or factories. These types of vehicles are usually equipped with large tanks that can hold up to 200 gallons each which enables them travel longer distances without refilling stations orLPG terminals. As a result, these trucks require smaller valves that can be installed easily while retaining high flow rates needed by such large tanks during transportation operations at any given time.


Regional Analysis:


Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for LPG vehicles in countries, such as India and China. The region accounted for a share of more than 60% of global automotive LPG system parts demand in 2017. Increasing production and sales of light commercial vehicles (LCVs) & medium-duty trucks (MDDs) are projected to further drive product growth in this region.


North America is anticipated to witness significant growth over the next eight years on account of rising fuel prices coupled with stringent environmental regulations by U.S EPA regarding carbon emissions from automobiles has resulted into increased adoption rate for alternative fuel systems, such as liquefied petroleum gas systems across various segments including passenger cars, LCVs/LLVs, and MDDs/HDs.


The European market was valued at USD X billion in 2017.


Growth Factors:


  • Increasing demand for automobiles due to rising population and income levels in developing countries
  • Stringent emission norms by regulatory authorities across the globe
  • Proliferation of LPG-powered vehicles as a result of government initiatives and subsidies to promote their use
  • Growing popularity of dual-fuel (LPG+petrol) vehicles among consumers owing to their lower running costs as compared to petrol or diesel variants
  • Technological advancements that have led to the development of more fuel-efficient and reliable LPG systems

Scope Of The Report

Report Attributes

Report Details

Report Title

Automotive LPG System Parts Market Research Report

By Type

Filling Valve, Tank, LPG Tank Valve

By Application

Passenger Cars, Commercial Vehicles

By Companies

Central Motor Wheel (Japan), Hyundai Kefico (Korea), Motonic (Korea), Nichiden Kogyo (Japan), Shanghai Aerospace Automobile Electromechanical (SAAE) (China), Central Motor Wheel (Japan)

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

147

Number of Tables & Figures

103

Customization Available

Yes, the report can be customized as per your need.


Global Automotive LPG System Parts Market Report Segments:

The global Automotive LPG System Parts market is segmented on the basis of:

Types

Filling Valve, Tank, LPG Tank Valve

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Passenger Cars, Commercial Vehicles

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Central Motor Wheel (Japan)
  2. Hyundai Kefico (Korea)
  3. Motonic (Korea)
  4. Nichiden Kogyo (Japan)
  5. Shanghai Aerospace Automobile Electromechanical (SAAE) (China)
  6. Central Motor Wheel (Japan)

Global Automotive LPG System Parts Market Overview


Highlights of The Automotive LPG System Parts Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Filling Valve
    2. Tank
    3. LPG Tank Valve
  1. By Application:

    1. Passenger Cars
    2. Commercial Vehicles
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive LPG System Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

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Global Automotive LPG System Parts Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Automotive LPG System Parts are the components that make up an automotive LPG system. These parts include the fuel tank, pump, regulator, and connectors.

Some of the major companies in the automotive lpg system parts market are Central Motor Wheel (Japan), Hyundai Kefico (Korea), Motonic (Korea), Nichiden Kogyo (Japan), Shanghai Aerospace Automobile Electromechanical (SAAE) (China), Central Motor Wheel (Japan).

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive LPG System Parts Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Automotive LPG System Parts Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Automotive LPG System Parts Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Automotive LPG System Parts Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Automotive LPG System Parts Market Size & Forecast, 2018-2028       4.5.1 Automotive LPG System Parts Market Size and Y-o-Y Growth       4.5.2 Automotive LPG System Parts Market Absolute $ Opportunity

Chapter 5 Global Automotive LPG System Parts Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Automotive LPG System Parts Market Size Forecast by Type
      5.2.1 Filling Valve
      5.2.2 Tank
      5.2.3 LPG Tank Valve
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Automotive LPG System Parts Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Automotive LPG System Parts Market Size Forecast by Applications
      6.2.1 Passenger Cars
      6.2.2 Commercial Vehicles
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Automotive LPG System Parts Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Automotive LPG System Parts Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Automotive LPG System Parts Analysis and Forecast
   9.1 Introduction
   9.2 North America Automotive LPG System Parts Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Automotive LPG System Parts Market Size Forecast by Type
      9.6.1 Filling Valve
      9.6.2 Tank
      9.6.3 LPG Tank Valve
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Automotive LPG System Parts Market Size Forecast by Applications
      9.10.1 Passenger Cars
      9.10.2 Commercial Vehicles
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Automotive LPG System Parts Analysis and Forecast
   10.1 Introduction
   10.2 Europe Automotive LPG System Parts Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Automotive LPG System Parts Market Size Forecast by Type
      10.6.1 Filling Valve
      10.6.2 Tank
      10.6.3 LPG Tank Valve
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Automotive LPG System Parts Market Size Forecast by Applications
      10.10.1 Passenger Cars
      10.10.2 Commercial Vehicles
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Automotive LPG System Parts Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Automotive LPG System Parts Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Automotive LPG System Parts Market Size Forecast by Type
      11.6.1 Filling Valve
      11.6.2 Tank
      11.6.3 LPG Tank Valve
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Automotive LPG System Parts Market Size Forecast by Applications
      11.10.1 Passenger Cars
      11.10.2 Commercial Vehicles
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Automotive LPG System Parts Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Automotive LPG System Parts Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Automotive LPG System Parts Market Size Forecast by Type
      12.6.1 Filling Valve
      12.6.2 Tank
      12.6.3 LPG Tank Valve
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Automotive LPG System Parts Market Size Forecast by Applications
      12.10.1 Passenger Cars
      12.10.2 Commercial Vehicles
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Automotive LPG System Parts Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Automotive LPG System Parts Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Automotive LPG System Parts Market Size Forecast by Type
      13.6.1 Filling Valve
      13.6.2 Tank
      13.6.3 LPG Tank Valve
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Automotive LPG System Parts Market Size Forecast by Applications
      13.10.1 Passenger Cars
      13.10.2 Commercial Vehicles
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Automotive LPG System Parts Market: Competitive Dashboard
   14.2 Global Automotive LPG System Parts Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Central Motor Wheel (Japan)
      14.3.2 Hyundai Kefico (Korea)
      14.3.3 Motonic (Korea)
      14.3.4 Nichiden Kogyo (Japan)
      14.3.5 Shanghai Aerospace Automobile Electromechanical (SAAE) (China)
      14.3.6 Central Motor Wheel (Japan)

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