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.
This report aims to provide a comprehensive presentation of the global market for CNG Tank (CNG Cylinder), 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 (CNG Cylinder). This report contains market size and forecasts of CNG Tank (CNG Cylinder) in global, including the following market information:
- Global CNG Tank (CNG Cylinder) Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global CNG Tank (CNG Cylinder) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five CNG Tank (CNG Cylinder) companies in 2022 (%)
The global CNG Tank (CNG Cylinder) market was valued at US$ 911.6 million in 2022 and is projected to reach US$ 1264.5 million by 2029, at a CAGR of 4.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
We surveyed the CNG Tank (CNG Cylinder) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global CNG Tank (CNG Cylinder) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global CNG Tank (CNG Cylinder) Market Segment Percentages, by Type, 2022 (%)
- Type 1 CNG Tank
- Type 2 CNG Tank
- Type 3 CNG Tank
- Type 4 CNG Tank
- Others
Global CNG Tank (CNG Cylinder) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global CNG Tank (CNG Cylinder) Market Segment Percentages, by Application, 2022 (%)
- Passenger Vehicles
- Commercial Vehicles
- Others
Global CNG Tank (CNG Cylinder) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global CNG Tank (CNG Cylinder) Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies CNG Tank (CNG Cylinder) revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies CNG Tank (CNG Cylinder) revenues share in global market, 2022 (%)
- Key companies CNG Tank (CNG Cylinder) sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies CNG Tank (CNG Cylinder) sales share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- Sinomatech
- Everest Kanto Cylinders
- Worthington Industries
- Luxfer Group
- Hexagon Composites
- Beijing Tianhai Industry
- Rama Cylinders
- Quantum Technologies
- Faber Industrie
- Praxair Technologies
- CIMC ENRIC
- Lianzhong Composites
- Avanco Group
- Ullit
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of CNG Tank (CNG Cylinder), market overview.
- Chapter 2: Global CNG Tank (CNG Cylinder) market size in revenue and volume.
- Chapter 3: Detailed analysis of CNG Tank (CNG Cylinder) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: 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 5: 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 6: Sales of CNG Tank (CNG Cylinder) 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 of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global CNG Tank (CNG Cylinder) capacity by region & country.
- 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: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
