North America Autogas Market is Expected to grow at a robust CAGR of 3.70% through 2030F
The
North America Autogas Market is expected to be led by the United States, driven
by increasing adoption of eco-friendly fuel solutions and expanding refueling
infrastructure, during the forecast period 2026-2030F.
According
to TechSci Research report, “North
America Autogas Market – By Country, Competition, Forecast & Opportunities,
2020-2030F, The North America Autogas Market was valued at USD 19.6 Billion
in 2024 and is expected to reach USD 24.4 Billion by 2030 with a CAGR of 3.70%
during the forecast period.
The
growth of the North America Autogas Market is also being driven by the
continuous expansion of refueling infrastructure. In recent years, North
American countries, particularly the United States and Canada, have witnessed
significant investments in the establishment of autogas refueling stations. As
the adoption of autogas increases, so does the need for accessible and
convenient refueling points. Fuel station operators and government entities
have recognized this need and are prioritizing the development of additional
refueling infrastructure to meet the growing demand for autogas vehicles.
This
expansion not only supports the use of autogas but also builds consumer
confidence in the long-term viability of switching to this fuel. The greater
availability of refueling stations directly correlates to an increase in the
adoption of autogas by individual consumers, commercial fleets, and public
transportation agencies. In Canada, several provinces, including British
Columbia and Alberta, have committed to expanding their autogas infrastructure,
further accelerating the fuel’s growth potential. As autogas becomes more
prevalent, fleet operators and large-scale businesses are more likely to invest
in autogas vehicles, knowing they have the refueling infrastructure to support
their operations. This growth in infrastructure will be pivotal in ensuring
that autogas continues to gain momentum as a cleaner, cost-effective
alternative to traditional fuels.
The
expansion of refueling infrastructure for autogas in North America is a key
trend that is supporting market growth. Over the past few years, more refueling
stations have been established across urban and suburban areas, making autogas
more accessible to a wider consumer base. The increase in infrastructure is
addressing one of the main challenges faced by the industry—ensuring that
drivers have access to convenient refueling options. In particular, the
expansion is evident in regions where there are government incentives for
building refueling stations and areas with high concentrations of fleet
vehicles that use autogas. As more refueling stations are built, consumers and
fleet operators will find it easier to transition to autogas-powered vehicles,
fueling the growth of the market in the coming years.
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Based on Application, The
passenger vehicles segment is the fastest-growing application in the North
America Autogas Market, driven by several key factors. As environmental
concerns grow, more consumers are opting for cleaner, cost-effective fuel
alternatives, with autogas emerging as a preferred choice due to its lower
carbon emissions compared to traditional gasoline. Additionally, the increasing
focus on reducing transportation costs has further contributed to the rise in
autogas adoption among passenger vehicle owners. Autogas offers a significant
cost advantage, with the price of autogas being substantially lower than
gasoline and diesel, making it an attractive option for those seeking fuel
efficiency.
The
development of an expanded refueling infrastructure is also facilitating the
growth of this segment, with more refueling stations offering autogas options
across urban areas. Moreover, governments' policies and incentives that promote
clean energy and reduce the environmental footprint of transportation are
accelerating the adoption of autogas-powered passenger vehicles. Consumers are
becoming more aware of the benefits of autogas in terms of both environmental
impact and fuel cost savings, which is driving the demand for retrofitting
existing vehicles and purchasing new autogas-compatible models. These factors
position the passenger vehicles segment as the fastest-growing application in
the North America Autogas Market.
Based
on country, Mexico is
rapidly emerging as the fastest-growing country in the North America autogas
market, driven by a combination of economic and environmental factors. The
increasing demand for cost-effective and environmentally friendly fuel
alternatives is pushing both consumers and businesses to adopt autogas as a
preferred solution. With lower fuel prices compared to gasoline and diesel,
autogas is seen as a viable option for reducing transportation costs,
particularly for commercial fleets and passenger vehicles.
Mexico's
government initiatives to promote cleaner energy solutions, along with
expanding refueling infrastructure, have made autogas more accessible. The
growing awareness of environmental benefits and fuel savings, coupled with
favorable policies, is fueling the adoption of autogas, positioning Mexico as a
key player in the region's market growth.
Key
market players in the North America Autogas market are:
-
- Shell
Plc
- Chevron
Corporation
- Exxon
Mobil Corporation
- BP
p.l.c.
- Phillips
66 Company
- Gasco
Energy Inc.
- Amerco
Inc.
- Linde
plc
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“The
North America Autogas Market is poised for significant growth, driven by rising
environmental awareness and the demand for cost-effective, eco-friendly fuel
alternatives. Increasing government incentives, policies supporting clean
energy, and the expansion of refueling infrastructure will further accelerate
adoption. The shift towards reducing carbon emissions, particularly in urban
areas, will fuel the growth of autogas in both passenger and commercial vehicle
segments. Advancements in vehicle technology and retrofitting options, along
with growing awareness of autogas benefits, will make it an attractive option
for consumers and businesses alike, ensuring sustained market growth in the
future.Top of Form” said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“North America Autogas Market By Type (Compressed
Natural Gas, Liquefied Petroleum Gas, Liquefied Natural Gas, Others), By
Application (Passenger Vehicles, Commercial Vehicles, Two-Wheelers, Others), By
Country, By Competition, Forecast and Opportunities, 2020-2030F,” has evaluated the future growth
potential of North America Autogas Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in North America Autogas Market.
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