Synopsis
CNG Tank/Cylinder is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.
The global CNG Tank Market was valued at US$ 886 million in 2023 and is anticipated to reach US$ 1199.5 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
The major players in global CNG Tank (CNG Cylinder) market include Everest Kanto Cylinders, Worthington Industries, Sinomatech, etc. The top 3 players occupy about 25% shares of the whole market. North America and Europe are main markets, they occupy about 50% of the global market. Type 2 CNG Tank is the main type, with a share about 40%. Passenger Vehicles is the key application, which holds a share about 70%.
This report aims to provide a comprehensive presentation of the global market for CNG Tank, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CNG Tank.
Report Scope
The CNG Tank market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global CNG Tank market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the CNG Tank manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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Market Segmentation
By Company
- Faber Industrie
- Hexagon Composites ASA
- Luxfer Gas Cylinder
- Faber Industrie
- Beijing Tianhai Industry
- Worthington Cylinders GmbH
- Quantum Fuel System Technologies
- Everest Kanto Cylinder
- Zhongyou Tongyong Luxi Natural Gas Equipment
- FIBA Technologies
- CIMC Enric Holdings
- Sinoma Science & Technology(SuZhou)
Segment by Type
- Glass Fiber Composite Material
- Carbon Fiber Composite
- Metal Material
Segment by Application
- Shipping
- Land Transportation
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of CNG Tank manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of CNG Tank by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of CNG Tank in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Read More Related Research Reports:
CNG Tank & Cylinder Market: https://www.themarketreports.com/report/global-cng-tank-cylinder-market-research-report
Automotive for Composite CNG Tanks-Global Market: https://www.themarketreports.com/report/automotive-for-composite-cng-tanks-global-market-insights-and-sales-trends
Vehicle CNG Tank (CNG Cylinder)-Global Market: https://www.themarketreports.com/report/vehicle-cng-tank-cng-cylinder-global-market-insights-and-sales-trends
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