The global Compressed Natural Gas (CNG) Tanks & Cylinders market was valued at US$ 1200.8 million in 2022 and is projected to reach US$ 1719.5 million by 2029, at a CAGR of 5.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Compressed Natural Gas (CNG) Tanks & Cylinders market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Compressed Natural Gas (CNG) Tanks & Cylinders market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Compressed Natural Gas (CNG) Tanks & Cylinders market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
This report aims to provide a comprehensive presentation of the global market for Compressed Natural Gas (CNG) Tanks & Cylinders, 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 Compressed Natural Gas (CNG) Tanks & Cylinders. This report contains market size and forecasts of Compressed Natural Gas (CNG) Tanks & Cylinders in global, including the following market information:
- Global Compressed Natural Gas (CNG) Tanks & Cylinders Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Compressed Natural Gas (CNG) Tanks & Cylinders Market Sales, 2018-2023, 2024-2032, (K Units)
- Global top five Compressed Natural Gas (CNG) Tanks & Cylinders companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Metals Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Compressed Natural Gas (CNG) Tanks & Cylinders include Hexagon Composites ASA, Luxfer Group, Worthington Industries, Avanco Group, Sinomatech, Everest Kanto Cylinders, Beijing Tianhai Industry, Rama Cylinders and Quantum Technologies, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Compressed Natural Gas (CNG) Tanks & Cylinders 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 Compressed Natural Gas (CNG) Tanks & Cylinders Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Compressed Natural Gas (CNG) Tanks & Cylinders Market Segment Percentages, by Type, 2022 (%)
- Metals
- Glass Fiber
- Carbon Fiber
Global Compressed Natural Gas (CNG) Tanks & Cylinders Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Compressed Natural Gas (CNG) Tanks & Cylinders Market Segment Percentages, by Application, 2022 (%)
- Light Duty Vehicles (LDVs)
- Medium Duty Vehicles (MDVs)
- Heavy Duty Vehicles (HDVs)
Global Compressed Natural Gas (CNG) Tanks & Cylinders Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Compressed Natural Gas (CNG) Tanks & Cylinders Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Compressed Natural Gas (CNG) Tanks & Cylinders revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Compressed Natural Gas (CNG) Tanks & Cylinders revenues share in global market, 2022 (%)
- Key companies Compressed Natural Gas (CNG) Tanks & Cylinders sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Compressed Natural Gas (CNG) Tanks & Cylinders sales share in global market, 2022 (%)
key players include:
- Hexagon Composites ASA
- Luxfer Group
- Worthington Industries
- Avanco Group
- Sinomatech
- Everest Kanto Cylinders
- Beijing Tianhai Industry
- Rama Cylinders
- Quantum Technologies
- Faber Industrie
- CIMC ENRIC
Outline of Major Chapters:
Chapter 1: Introduces the definition of Compressed Natural Gas (CNG) Tanks & Cylinders, market overview.
Chapter 2: Global Compressed Natural Gas (CNG) Tanks & Cylinders market size in revenue and volume.
Chapter 3: Detailed analysis of Compressed Natural Gas (CNG) Tanks & Cylinders 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 Compressed Natural Gas (CNG) Tanks & Cylinders 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 Compressed Natural Gas (CNG) Tanks & Cylinders 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.
