Global CNG Tank Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

List of Tables

The global demand for CNG Tank Market is presumed to reach the market size of nearly USD 10.51 BN by 2030 from USD 4.86 BN in 2022 with a CAGR of 10.12% under the study period 2023 - 2030.

CNG tanks are storage containers for compressed natural gas (CNG), which is utilized as a transportation fleet alternative to gasoline. CNG tanks and cylinders are made from various materials, including metals, glass fibre, and carbon fibre.

Market Dynamics:

Compressed natural gas (CNG) is becoming a viable choice for the automotive sector due to rising gasoline and diesel fuel prices, decreasing natural gas costs, increasing environmental concerns, and growing Asia-Pacific demand. Consequently, with the increased demand for CNG, the market for CNG tanks is also increasing. The global CNG tanks/cylinders market has proliferated in recent years and is likely to continue. This growth can be ascribed to rising demand for natural gas vehicles, increased natural gas production and exploration, and the development of composite CNG tanks and cylinders. The limited availability of refuelling infrastructure, rising raw material prices, and the high price of composite tanks are the primary hurdles in the CNG tanks market.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cng tank. The growth and trends of cng tank industry provide a holistic approach to this study.

Market Segmentation:

This section of the cng tank market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Raw Material

Metals
Glass Fiber
Carbon Fiber

By Type

Type-1
Type-2
Type-3
Type-4

By Vehicle Type

Light Duty Vehicles (LDVS)
Medium Duty Vehicles (MDVS)
Heavy Duty Vehicles (HDVS)

Regional Analysis:

This section covers the regional outlook, which accentuates current and future demand for the CNG Tank market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cng tank market include Faber Technologies, Hexagon Composites ASA, Luxfer Gas Cylinder, Quantum Fuel System Technologies, Everest Kanto Cylinder, and Fiba Technologies. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11217046

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . CNG TANK - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 By Raw Material
- 3.7.2 By Type
- 3.7.3 By Vehicle Type
- 3.7.4 By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK

6 . GLOBAL CNG TANK MARKET ANALYSIS BY RAW MATERIAL

6.1 Overview by Raw Material
6.2 Historical and Forecast Data
6.3 Analysis by Raw Material
6.4 Metals Market by Regions
6.5 Glass Fiber Market by Regions
6.6 Carbon Fiber Market by Regions

7 . GLOBAL CNG TANK MARKET ANALYSIS BY TYPE

7.1 Overview by Type
7.2 Historical and Forecast Data
7.3 Analysis by Type
7.4 Type-1 Market by Regions
7.5 Type-2 Market by Regions
7.6 Type-3 Market by Regions
7.7 Type-4 Market by Regions

8 . GLOBAL CNG TANK MARKET ANALYSIS BY VEHICLE TYPE

8.1 Overview by Vehicle Type
8.2 Historical and Forecast Data
8.3 Analysis by Vehicle Type
8.4 Light Duty Vehicles (LDVs) Market by Regions
8.5 Medium Duty Vehicles (MDVs) Market by Regions
8.6 Heavy Duty Vehicles (HDVs) Market by Regions

9 . GLOBAL CNG TANK MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America
- 9.3.1. Overview, Historic and Forecast Data
- 9.3.2. North America By Segment
- 9.3.3. North America By Country
- 9.3.4. United State
- 9.3.5. Canada
- 9.3.6. Mexico
9.4. Europe
- 9.4.1. Overview, Historic and Forecast Data
- 9.4.2. Europe by Segment
- 9.4.3. Europe by Country
- 9.4.4. United Kingdom
- 9.4.5. France
- 9.4.6. Germany
- 9.4.7. Italy
- 9.4.8. Russia
- 9.4.9. Rest Of Europe
9.5. Asia Pacific
- 9.5.1. Overview, Historic and Forecast Data
- 9.5.2. Asia Pacific by Segment
- 9.5.3. Asia Pacific by Country
- 9.5.4. China
- 9.5.5. India
- 9.5.6. Japan
- 9.5.7. South Korea
- 9.5.8. Australia
- 9.5.9. Rest Of Asia Pacific
9.6. Latin America
- 9.6.1. Overview, Historic and Forecast Data
- 9.6.2. Latin America by Segment
- 9.6.3. Latin America by Country
- 9.6.4. Brazil
- 9.6.5. Argentina
- 9.6.6. Peru
- 9.6.7. Chile
- 9.6.8. Rest of Latin America
9.7. Middle East & Africa
- 9.7.1. Overview, Historic and Forecast Data
- 9.7.2. Middle East & Africa by Segment
- 9.7.3. Middle East & Africa by Country
- 9.7.4. Saudi Arabia
- 9.7.5. UAE
- 9.7.6. Israel
- 9.7.7. South Africa
- 9.7.8. Rest Of Middle East And Africa

10 . COMPETITIVE LANDSCAPE OF THE CNG TANK COMPANIES

10.1. CNG Tank Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11 . COMPANY PROFILES OF CNG TANK INDUSTRY

11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. ASA (Norway)
- 11.3.1. Company Overview
- 11.3.2. Financials
- 11.3.3. Products
- 11.3.4. Recent Developments
11.4. Luxfer Group (The U.K)
- 11.4.1. Company Overview
- 11.4.2. Financials
- 11.4.3. Products
- 11.4.4. Recent Developments
11.5. Everest Kanto Cylinders Ltd. (India)
- 11.5.1. Company Overview
- 11.5.2. Financials
- 11.5.3. Products
- 11.5.4. Recent Developments
11.6. Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd. (China)
- 11.6.1. Company Overview
- 11.6.2. Financials
- 11.6.3. Products
- 11.6.4. Recent Developments
11.7. Worthington Industries (the U.S.)
- 11.7.1. Company Overview
- 11.7.2. Financials
- 11.7.3. Products
- 11.7.4. Recent Developments
11.8. Quantum Fuel Systems Technologies Worldwide Inc. (The U.S.)
- 11.8.1. Company Overview
- 11.8.2. Financials
- 11.8.3. Products
- 11.8.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies