CNG Tanks Market by Tank Type (Type 1, Type 2, Type 3, Type 4), Material Type (Metal, Glass Fiber, Carbon Fiber), Vehicle Type (Light-Duty, Medium-Duty, Heavy-Duty), Application (Fuel Tanks, Transportation Tanks) and Region - Global Forecast to 2031

icon1
USD 2.60 BN
MARKET SIZE, 2031
icon2
CAGR 7.8%
(2026-2031)
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250
REPORT PAGES
icon4
200
MARKET TABLES

OVERVIEW

cng-tank-cylinder-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The CNG Tanks market is projected to reach USD 2.60 billion in 2031 from USD 1.78 billion in 2026, at a CAGR of 7.8%. CNG tanks are in increasing demand due to a marked shift toward the use of Compressed Natural Gas, which is cheaper and environmentally friendly. Increasing concerns about the global environment, improvements in tank construction, and the demand for cost-effective fuel in transportation and industrial applications are driving the market. Governments are adopting strategies that include measures to limit the emission of harmful pollutants and improve the use of environmentally sustainable fuels. Thus, CNG tanks have high demand, which is leading to the augmented growth of the market and inventive evolution.

KEY TAKEAWAYS

  • By Region
    Asia Pacific dominated the CNG tanks market with a share of 53.4% in terms of value in 2025.
  • By Tank Type
    By tank type, the Type 4 segment is projected to grow at the highest CAGR (12.2%) during the forecast period.
  • By Material Type
    By material type, the metal segment dominated the CNG tanks market with a share of 75.1% in terms of value in 2025.
  • By Application
    By application, the fuel tank segment accounted for the largest share in the CNG tanks market.
  • By Vehicle Type
    By vehicle type, the Heavy-duty Vehicle (HDV) segment is projected to register the highest CAGR of 10.0% in the CNG tanks market.
  • Competitive Landscape - Key Players
    Worthington Enterprises (US), Everest Kanto Cylinders (India), Luxfer Gas Cylinders (UK), Hexagon Composite ASA (Norway), and CIMC Enric Holding Limited (China) are star players in the CNG tanks market, given their broad industry coverage and strong operational & financial strength.
  • Competitive Landscape - Startups
    Galileo Technologies, Steelhead Composites, Anhui Clean Energy, Jay Fe Cylinders, and Kioshi Compresion have distinguished themselves among startups and SMEs due to their well-developed marketing channels and extensive funding to build their product portfolios.

The global transition to cleaner fuel alternatives together with the increasing use of natural gas vehicles (NGVs) is the main reason for the CNG tank market expansion. Modern CNG storage systems use advanced materials to create Type III and Type IV cylinders from high-strength steel and high-performance carbon fiber composites. The materials deliver essential pressure resistance together with needed durability. They also enhance strength-to-weight ratios which serve as a critical factor for both vehicle payload capacity and fuel economy.The demand for lightweight storage solutions arises from the ongoing growth of commercial fleets which include heavy-duty trucks and public transit buses that need high-capacity tanks for extended driving distances while maintaining their structural strength. The market is experiencing substantial expansion in both Asia Pacific and North America because government incentives and refueling infrastructure expansion together with new automated filament winding process development enable greater production capacity.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

Changes in customer trends or disruptions impact consumers’ businesses. These shifts impact the revenues of end users. Consequently, the revenue impact on end users is expected to affect the revenues of CNG tank suppliers, which, in turn, impacts the revenues of CNG tank manufacturers.

cng-tank-cylinder-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Increasing use of CNG Tanks in automotive industry
  • Favorable Government policies for promotion of CNG vehicles and infrastructure
RESTRAINTS
Impact
Level
  • Scarcity of CNG refueling stations in emerging economies 
  •  High cost of CNG tanks and regulatory approvals
OPPORTUNITIES
Impact
Level
  • Emergence of light weight composite material based CNG cylinders
  • Increasing support from government for Bio-CNG
CHALLENGES
Impact
Level
  • Impact of fluctuating oil prices on the CNG tanks market
  • Development of electric cars and competition from other alternative fuel

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Favorable Government policies for promotion of CNG vehicles and infrastructure

Government policies, especially the approval of favorable policies regarding the development of the market in the use of CNG-fueled vehicles and increase in the availability of CNG tanks, dramatically stimulates the growth of the market. As a result, governments across the globe are implementing policies and incentives to tackle emission discharge and enable better air quality, which is a direct driver of the consumption of cleaner fuels such as CNG. Subsidizing consumer purchases of CNG vehicles, tax credits for investments in CNG fueling stations, and low emission standards are some of the measures that have compelled consumers and businesses to shift toward the use of CNG vehicles.

Restraint: Scarcity of CNG refueling stations in emerging economies 

The lack of CNG refueling stations also acts as a restraint for the CNG tanks market in emerging economies. This has remained a challenge for the use of CNG vehicles in many developing regions as the facility of refueling has not been as well developed as that for gasoline-run vehicles, thus, limiting the demand for CNG tanks. As much as there has been increased use and talk of CNG as a clean fuel, there is limited and often inaccessible refueling infrastructure, which deters both, the consumer and the fleet owner from purchasing vehicles that run on CNG. This infrastructure gap is common as significant capital is required to start the business, and complexities arise from siting refueling stations, especially in the developing world.

Opportunity: Increasing support from government for Bio-CNG

Pressure from governments to fund bio-CNG provides the CNG tanks market with significant opportunities for development. Bio-CNG is made from waste material, food waste products, and organic waste material, such as agricultural residues. Governments around the world are waking up to the importance of bio-CNG as an environmentally friendly fuel and as an important economic driver and are implementing measures to encourage the adoption of the fuel. These measures comprise grants for bio-CNG liquefied production stations, tax credits for bio-CNG vehicles, and grants for advancements in the bio-CNG technology. Therefore, there is an increasing requirement for CNG tanks that are compatible with bio-CNG, given that these can be different from standard CNG tanks.

Challenge:Development of electric cars and competition from other alternative fuel

The fast growth in the demand for electric vehicles and increasing pressures from alternative fuels are major threats to the CNG tanks market. As the technological design of EVs changes, with specialization in battery life, charging provisions, enhanced engineering of vehicles and cars are gradually turning into financially positive initiatives that minimize emissions of polluting gases. The trend is further boosted by government incentives as well as significant investments in charging infrastructure for EVs, which reduces focus on CNG vehicles. The availability of other types of AFVs encompassing other cleaner energies, such as hydrogen and biofuels, which further diversifies the conventional CNG tanks market share.

CNG TANKS MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Uses CNG tanks (Type 1 & Type 4) in passenger vehicles, buses, and commercial fleets Lower emissions, reduced fuel cost, compliance with emission norms, and improved fleet economics
Integrates factory-fitted CNG cylinders in small passenger vehicles Cost-efficient mobility, reduced carbon footprint, and high fuel efficiency
Uses lightweight composite CNG tanks in passenger and fleet vehicles Weight reduction, improved vehicle range, and enhanced safety

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The ecosystem of the CNG tanks market comprises a structured network of raw material suppliers, cylinder manufacturers, component providers, automotive OEMs, and infrastructure developers collaborating to expand the alternative fuel landscape. At the foundational level, material suppliers like Toray Industries and Owens Corning provide the high-strength steel, aluminum, and advanced carbon fiber resins required for the varying pressure demands of Type 1 through Type 4 cylinders. These materials are processed by specialized manufacturers such as Hexagon Composites, Luxfer Gas Cylinders, and Worthington Enterprises, who utilize precision engineering and filament winding to produce safe, high-pressure storage vessels.

cng-tank-cylinder-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

cng-tank-cylinder-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

CNG Tanks Market, By Tank Type

Type 1 CNG tanks account for the largest market share of the CNG tanks market, in terms of volume and value. This is attributed to their construction, which uses only metal, providing high durability, resistance, and stability for very high-pressure storage and other operating conditions. Their reliability and proven record have made them popular in the car industry as well as for other industrial uses. The simpler process of creation and the general trend toward lower-cost production of Type 1 tanks have helped maintain high demand in both quantity and monetary value. Type 1 tanks, being relatively cheaper, have a high demand compared to the more specialized advanced composite tanks

CNG Tanks Market, By Material Type

The market for carbon fiber CNG tanks is projected to grow at the highest CAGR in the CNG tanks market compared to metal and glass fiber tanks due to factors prompted by the efficiency, weight, and performance of CNG tanks. Carbon fiber tanks are much lighter and stronger than conventional composite tanks and are installed with improved safety and performance features. The low weight is by far the most influential factor, which adds up to higher fuel efficiency and increased range for vehicles, and therefore, carbon fiber tanks are uniquely suitable for automotive and commercial use. Furthermore, the non-corrosiveness and high pressure of carbon fiber also adds to its popularity in a market that is in constant search of a material that can result in high performance and efficiency

CNG Tanks Market, By Application

The fuel tanks application dominated the CNG tanks market due to the fact that they have a major contribution compared to transportation tanks in penetration in CNG-run vehicles. The automotive market also necessarily requires vehicles equipped with CNG fuel tanks to store and provide compressed natural gas, which is a primary factor for the growth of CNG-based automobiles. The high number of fuel tank applications is attributed to the fact that fuel tanks are the key enablers of CNG technology for practically all forms of mass transportation, including cars, buses, trucks, etc. These tanks are required to be of superior quality in terms of safety and performance and should enable performing under various conditions.

CNG Tanks Market, By Vehicle Type

Light-duty vehicles (LDV) held the largest share in the CNG tanks market due to the increasing utilization of compressed natural gas as a more efficient and environmentally friendly fuel. As a way of conforming to stringent pollution measures and also as a result of cheaper fuel costs of natural gas, an increasing number of vehicles, which may be automobiles or small trucks, are being fitted with CNG tanks. The large numbers of light-duty vehicles in urban and suburban areas invariably leads to the high demand for CNG tanks, especially those designed and developed for use in these regions. The largely favorable prospects for the use of CNG in light-duty cars are further boosted by advancements in technology and the expansion of refueling outlets.

REGION

Asia Pacific to be fastest-growing market for CNG tanks during forecast period

Asia Pacific is the fastest-growing market for CNG tanks, highlighting significant developments and their crucial impact on the international market. This leadership is attributed to the region's growing urban population, rapid economic development, and rising concerns about environmental pollution. The most notable pioneer in this regard is India, which has committed large amounts to CNG cars and related infrastructure to meet mandatory emission standards and address severe air quality problems. Demand is enhanced by the mass production of automobiles, especially in Asia Pacific, together with policies that encourage the use of CNG. There is increasing business and industrial activity in the region, which also drives high demand for CNG tanks. These factors combine to strengthen the position of Asia Pacific as the leading region in the evolution of CNG tanks, locally and globally

cng-tank-cylinder-market Region

CNG TANKS MARKET: COMPANY EVALUATION MATRIX

In the global CNG tanks market, Worthington Industries (Star) leads with a dominant market share and an extensive global footprint, driven by its vertically integrated manufacturing and strategic focus on a diverse portfolio of Type I through Type IV cylinders for heavy-duty transit and industrial applications. On the other hand, Quantum Fuel Systems LLC (Emerging Leader) is rapidly gaining visibility, leveraging its expertise in high-performance Type IV composite technology and integrated fuel systems to provide lighter, higher-capacity storage solutions for the next generation of Class 8 trucks and virtual pipeline trailers.

cng-tank-cylinder-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size, 2025 (Value) USD 1.64 Billion
Market Size, 2031 (Value) USD 2.60 Billion
Growth Rate CAGR of 7.8% from 2026 to 2031
Years Considered 2022–2031
Base Year 2025
Forecast Period 2026–2031
Units Considered Value (USD Million/Billion)
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments Covered
  • By Tank Type:
    • Type 1
    • Type 2
    • Type 3
    • Type4
  • By Material Type:
    • Metal
    • Carbon Fiber Composites
    • Glass Fiber Composites
  • By Application:
    • Fuel Tank
    • Transportation Tank
  • By Vehicle Type:
    • Light-Duty Vehicle (LDV)
    • Medium-Duty Vehicle (MDV)
    • Heavy-Duty Vehicle (HDV)
Regions Covered North America, Asia Pacific, Europe, Latin America, Middle East & Africa

WHAT IS IN IT FOR YOU: CNG TANKS MARKET REPORT CONTENT GUIDE

cng-tank-cylinder-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Raw Material Suppliers (Carbon Fiber, Glass Fiber, Aluminum, Steel, Polymer Liners – HDPE/PA)
  • Competitive profiling of fiber, resin, and liner material suppliers for CNG cylinders
  • Benchmarking adoption of steel (Type I) vs. composite cylinders (Type II, III, IV) across automotive and industrial segments
  • Supply chain risk assessment for carbon fiber, aluminum liners, and polymer resins
  • Identify sourcing resilience strategies amid carbon fiber supply tightness
  • Highlight cost-reduction levers via glass fiber substitution and localized liner production
  • Detect backward integration opportunities (fiber to cylinder manufacturing)
CNG Tank Manufacturers (Type I–IV Pressure Vessel Producers)
  • Customer preference analysis across cylinder types (Type I steel vs. Type II/III/IV composite)
  • Cost–performance benchmarking (weight, pressure rating, lifecycle cost)
  • Mapping of partnerships with OEMs, gas distribution companies, and fleet operators
  • Refine product positioning for lightweight (Type IV) vs. low-cost (Type I) segments
  • Improve certification success (ISO 11439, NGV2, ECE R110)
  • Support scale-up of Type IV fully composite cylinders for next-gen mobility
Automotive OEMs & Integrators (Passenger Vehicles, Buses, Trucks)
  • Technical and economic assessment of adopting composite CNG tanks in vehicles
  • Demand forecasting driven by NGV adoption (public transport, logistics fleets)
  • Benchmarking fuel efficiency gains vs. gasoline/diesel alternatives
  • Strengthen vehicle lightweighting strategies through composite cylinders (30–65% weight reduction vs. steel)
  • Improve vehicle range and payload efficiency
  • Support transition strategies toward low-emission mobility
End-use Segments (Public Transport, Fleet Operators, Industrial Gas Storage)
  • Adoption benchmarking of CNG storage systems across buses, trucks, and passenger vehicles
  • Switching cost and regulatory compliance analysis
  • Identification of high-growth segments (urban buses, last-mile delivery fleets, emerging markets)
  • Reveal shift toward composite cylinders driven by durability and corrosion resistance
  • Support compliance with safety regulations and periodic inspection requirements
  • Unlock fleet-level TCO optimization opportunities through fuel savings and lower maintenance

RECENT DEVELOPMENTS

  • March 2026 : Time Technoplast has secured an order worth about ?115.56 crore (USD 12.27 million) from a PSU for Type-IV composite CNG cylinders used as mobile storage cascades in CGD networks, and the company says it will execute the order within one year
  • July 2025 : Hexagon Composites acquired SES Composites to strengthens its European footprint in compressed natural gas and alternative-fuels systems.
  • April 2025 : Quantum Fuel Systems launched the Q-Cab 190, a next-generation back-of-cab CNG fuel storage system for heavy-duty trucks, at the 2025 ACT Expo. It delivers 190 diesel gallon equivalent capacity and uses advanced Type 4 tanks with safety and serviceability features such as a quick-removal cover, visual pressure indicators, and thermal pressure relief devices.

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
26
RESEARCH METHODOLOGY
30
EXECUTIVE SUMMARY
41
PREMIUM INSIGHTS
46
MARKET OVERVIEW
50
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising demand for CNG-based vehicles
    - Favorable government policies for promotion of CNG vehicles and infrastructure
    - Rising environmental awareness
    RESTRAINTS
    - Scarcity of CNG refueling stations in emerging economies
    - High cost of CNG tanks and requirement of regulatory approvals
    OPPORTUNITIES
    - Introduction of lightweight composite material-based CNG cylinders
    - Increasing support from governments for bio-CNG
    CHALLENGES
    - Impact of fluctuating oil prices
    - Development of electric cars and competition from alternative fuels
  • 5.3 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.5 MACROECONOMIC INDICATORS
    INTRODUCTION
    GDP TRENDS AND FORECAST
    TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY
    YEARLY TRENDS IN NATURAL GAS INDUSTRY
  • 5.6 SUPPLY CHAIN ANALYSIS
    RAW MATERIAL
    MANUFACTURING PROCESS
    FINAL PRODUCT
  • 5.7 ECOSYSTEM
  • 5.8 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TANK TYPE
    AVERAGE SELLING PRICE TREND, BY APPLICATION
    AVERAGE SELLING PRICE TREND, BY MATERIAL TYPE
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.9 VALUE CHAIN ANALYSIS
  • 5.10 TRADE ANALYSIS
    EXPORT SCENARIO FOR HS CODE 731100
    IMPORT SCENARIO FOR HS CODE 731100
  • 5.11 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGY
    - Filament winding manufacturing process
    COMPLEMENTARY TECHNOLOGY
    - Latest resin transfer molding manufacturing process
    ADJACENT TECHNOLOGY
    - Latest compression molding manufacturing process
  • 5.12 IMPACT OF AI/GEN AI ON CNG TANKS MARKET
    TOP USE CASES AND MARKET POTENTIAL
    BEST PRACTICES IN CNG TANKS MARKET
    CASE STUDIES OF AI IMPLEMENTATION IN CNG TANKS MARKET
    INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
    CLIENT READINESS TO ADOPT GENERATIVE AI IN CNG TANKS MARKET
  • 5.13 PATENT ANALYSIS
    INTRODUCTION
    METHODOLOGY
    DOCUMENT TYPES
    INSIGHTS
    LEGAL STATUS
    JURISDICTION ANALYSIS
    TOP APPLICANTS
    US: TOP 10 PATENT OWNERS IN LAST 10 YEARS
  • 5.14 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.15 KEY CONFERENCES AND EVENTS IN 2024–2025
  • 5.16 CASE STUDY ANALYSIS
    CASE STUDY 1: URBAN PUBLIC TRANSPORT FLEET
    CASE STUDY 2: INDUSTRIAL FLEET OPTIMIZATION
  • 5.17 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.18 INVESTMENT AND FUNDING SCENARIO
CNG TANKS MARKET, BY VEHICLE TYPE
87
  • 6.1 INTRODUCTION
  • 6.2 LIGHT-DUTY VEHICLES
    CLEANER AND ECONOMICAL FUEL TO DRIVE MARKET
  • 6.3 MEDIUM-DUTY VEHICLES
    PRICE BENEFIT OF CNG TO SUPPORT MARKET
  • 6.4 HEAVY-DUTY VEHICLES
    LOWER COST AND EMISSIONS TO PROPEL MARKET
CNG TANKS MARKET, BY TANK TYPE
96
  • 7.1 INTRODUCTION
  • 7.2 TYPE 1 CNG TANKS
    DEPENDABILITY, LONGEVITY, LOW COST, AND STRENGTH TO DRIVE MARKET
  • 7.3 TYPE 2 CNG TANKS
    LIGHTER WEIGHT TO BOOST MARKET
  • 7.4 TYPE 3 CNG TANKS
    INCREASING LOAD CARRYING CAPACITY OF VEHICLES TO PROPEL MARKET
  • 7.5 TYPE 4 CNG TANKS
    INCREASE IN VEHICLE MILEAGE TO SUPPORT MARKET
CNG TANKS MARKET, BY MATERIAL TYPE
106
  • 8.1 INTRODUCTION
  • 8.2 METALS
    INCREASING DEMAND FOR CHEAP RAW MATERIALS TO DRIVE MARKET
  • 8.3 CARBON FIBER
    INCREASED DEMAND FOR LIGHTWEIGHT MATERIALS IN TRANSPORTATION INDUSTRY TO BOOST MARKET
  • 8.4 GLASS FIBER
    INCREASING DEMAND FOR LIGHTER MATERIALS TO PROPEL MARKET
CNG TANKS MARKET, BY APPLICATION
114
  • 9.1 INTRODUCTION
  • 9.2 FUEL TANKS
    DURABILITY, LOW COST, AND LOW CO2 EMISSIONS TO DRIVE MARKET
  • 9.3 TRANSPORTATION TANKS
    WEIGHT REDUCTION QUALITIES OF TANKS TO BOOST MARKET
CNG TANKS MARKET, BY REGION
121
  • 10.1 INTRODUCTION
  • 10.2 ASIA PACIFIC
    CHINA
    - Stringent government standards to fuel demand
    INDIA
    - Growing sales of CNG-powered vehicles to drive market
    PAKISTAN
    - Demand for cost-effective CNG fuel to foster growth
    THAILAND
    - Increasing demand for natural gas-fueled vehicles to boost market
    REST OF ASIA PACIFIC
  • 10.3 EUROPE
    ITALY
    - Supportive government policies and investments in refueling infrastructure to drive market
    GERMANY
    - Significant demand for CNG cars to boost market
    RUSSIA
    - Expansion of NGV fleet and construction of CNG fueling stations to drive demand
    FRANCE
    - Increasing adoption of natural gas vehicles in commercial and public transportation sectors to drive market
    UK
    - Broader government strategy to decarbonize transport to drive market
    ARMENIA
    - High adoption of CNG vehicles to drive market growth
    REST OF EUROPE
  • 10.4 NORTH AMERICA
    US
    - Growing adoption of CNG fuel in medium- and heavy-duty trucks to drive market
    CANADA
    - Abundant natural gas resources and stringent government policies to drive market
  • 10.5 LATIN AMERICA
    BRAZIL
    - Substantial CNG production to drive market
    ARGENTINA
    - Strong infrastructure and low cost of NGV conversion to drive market
    REST OF LATIN AMERICA
  • 10.6 MIDDLE EAST & AFRICA
    IRAN
    - Extensive establishment of CNG refueling infrastructure to drive market
    REST OF MIDDLE EAST & AFRICA
COMPETITIVE LANDSCAPE
183
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 11.3 REVENUE ANALYSIS
  • 11.4 MARKET SHARE ANALYSIS
  • 11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Tank type footprint
    - Material type footprint
    - Application footprint
    - Region footprint
  • 11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 11.7 VALUATION AND FINANCIAL METRICS OF CNG TANK VENDORS
  • 11.8 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
COMPANY PROFILES
203
  • 12.1 KEY PLAYERS
    WORTHINGTON ENTERPRISES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    LUXFER GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HEXAGON COMPOSITES ASA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    QUANTUM FUEL SYSTEMS LLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    EVEREST KANTO CYLINDER LTD.
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    BEIJING TIANHAI INDUSTRY CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    FABER INDUSTRIE S.P.A.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CIMC ENRIC
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    LUXI NEW ENERGY EQUIPMENT GROUP CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    SINOCLEANSKY
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    TIME TECHNOPLAST LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    RAMA CYLINDERS
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
  • 12.2 STARTUPS/SMES
    COMPOSITE ADVANCED TECHNOLOGIES, LLC
    GALILEO TECHNOLOGIES S.A.
    LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO., LTD
    JAY FE CYLINDERS LIMITED
    SAHUWALA CYLINDERS LTD.
    EURO INDIA CYLINDERS LTD.
    STEELHEAD COMPOSITES, INC.
    KIOSHI COMPRESION
    ANHUI CLEAN ENERGY CO., LTD.
    SHANGHAI METAL CORPORATION
    SANTEK
    INFLEX
    INDORUSS SYNERGY
APPENDIX
242
  • 13.1 DISCUSSION GUIDE
  • 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.3 CUSTOMIZATION OPTIONS
  • 13.4 RELATED REPORTS
  • 13.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 CNG TANKS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 2 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO APPLICATIONS IN CNG TANKS MARKET
  • TABLE 3 KEY BUYING CRITERIA FOR TOP TWO APPLICATIONS
  • TABLE 4 GDP PERCENTAGE (%) CHANGE, BY KEY COUNTRY, 2020–2029
  • TABLE 5 TRENDS OF GLOBAL AUTOMOTIVE INDUSTRY
  • TABLE 6 TRENDS IN NATURAL GAS INDUSTRY (Y-O-Y CHANGE IN BCM)
  • TABLE 7 CNG TANKS MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 8 AVERAGE SELLING PRICE TREND, BY REGION
  • TABLE 9 TOP 10 EXPORTING COUNTRIES IN 2023
  • TABLE 10 TOP 10 IMPORTING COUNTRIES IN 2023
  • TABLE 11 COMPARATIVE STUDY OF CNG TANK MANUFACTURING PROCESSES
  • TABLE 12 TOP USE CASES AND MARKET POTENTIAL
  • TABLE 13 BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES
  • TABLE 14 CASE STUDIES OF GEN AI IMPLEMENTATION IN CNG TANKS MARKET
  • TABLE 15 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
  • TABLE 16 CNG TANKS MARKET: TOTAL NUMBER OF PATENTS
  • TABLE 17 LIST OF PATENTS BY HEIL CO.
  • TABLE 18 LIST OF PATENTS BY OSHKOSH CORP.
  • TABLE 19 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 20 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 21 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 22 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 23 CNG TANKS MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 24 CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)
  • TABLE 25 CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 26 CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)
  • TABLE 27 CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 28 LIGHT-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 29 LIGHT-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 30 LIGHT-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 31 LIGHT-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 32 MEDIUM-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 33 MEDIUM-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 34 MEDIUM-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 35 MEDIUM-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 36 HEAVY-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 37 HEAVY-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 38 HEAVY-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 39 HEAVY-DUTY VEHICLES: CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 40 CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)
  • TABLE 41 CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 42 CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)
  • TABLE 43 CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 44 TYPE 1 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 45 TYPE 1 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 46 TYPE 1 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 47 TYPE 1 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 48 TYPE 2 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 49 TYPE 2 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 50 TYPE 2 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 51 TYPE 2 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 52 TYPE 3 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 53 TYPE 3 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 54 TYPE 3 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 55 TYPE 3 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 56 TYPE 4 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 57 TYPE 4 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 58 TYPE 4 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 59 TYPE 4 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 60 CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (USD MILLION)
  • TABLE 61 CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 62 CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)
  • TABLE 63 CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 64 METALS CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 65 METALS CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 66 METALS CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 67 METALS CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 68 CARBON FIBER CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 69 CARBON FIBER CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 70 CARBON FIBER CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 71 CARBON FIBER CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 72 GLASS FIBER CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 73 GLASS FIBER CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 74 GLASS FIBER CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 75 GLASS FIBER CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 76 CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 77 CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 78 CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 79 CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 80 FUEL TANKS: CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 81 FUEL TANKS: CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 82 FUEL TANKS: CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 83 FUEL TANKS: CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 84 TRANSPORTATION TANKS: CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 85 TRANSPORTATION TANKS: CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 86 TRANSPORTATION TANKS: CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 87 TRANSPORTATION TANKS: CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 88 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)
  • TABLE 89 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)
  • TABLE 90 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 91 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)
  • TABLE 92 ASIA PACIFIC: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)
  • TABLE 93 ASIA PACIFIC: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 94 ASIA PACIFIC: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)
  • TABLE 95 ASIA PACIFIC: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 96 ASIA PACIFIC: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (USD MILLION)
  • TABLE 97 ASIA PACIFIC: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 98 ASIA PACIFIC: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)
  • TABLE 99 ASIA PACIFIC: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 100 ASIA PACIFIC: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)
  • TABLE 101 ASIA PACIFIC: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 102 ASIA PACIFIC: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)
  • TABLE 103 ASIA PACIFIC: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 104 ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 105 ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 106 ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 107 ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 108 ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 109 ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS)
  • TABLE 110 ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 111 ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (THOUSAND UNITS)
  • TABLE 112 CHINA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 113 CHINA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 114 CHINA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 115 CHINA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 116 INDIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 117 INDIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 118 INDIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 119 INDIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 120 PAKISTAN: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 121 PAKISTAN: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 122 PAKISTAN: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 123 PAKISTAN: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 124 THAILAND: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 125 THAILAND: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 126 THAILAND: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 127 THAILAND: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 128 REST OF ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 129 REST OF ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 130 REST OF ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 131 REST OF ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 132 EUROPE: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)
  • TABLE 133 EUROPE: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 134 EUROPE: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)
  • TABLE 135 EUROPE: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 136 EUROPE: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (USD MILLION)
  • TABLE 137 EUROPE: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 138 EUROPE: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)
  • TABLE 139 EUROPE: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 140 EUROPE: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)
  • TABLE 141 EUROPE: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 142 EUROPE: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)
  • TABLE 143 EUROPE: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 144 EUROPE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 145 EUROPE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 146 EUROPE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 147 EUROPE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 148 EUROPE: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 149 EUROPE: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS)
  • TABLE 150 EUROPE: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 151 EUROPE: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (THOUSAND UNITS)
  • TABLE 152 ITALY: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 153 ITALY: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 154 ITALY: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 155 ITALY: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 156 GERMANY: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 157 GERMANY: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 158 GERMANY: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 159 GERMANY: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 160 RUSSIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 161 RUSSIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 162 RUSSIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 163 RUSSIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 164 FRANCE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 165 FRANCE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 166 FRANCE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 167 FRANCE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 168 UK: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 169 UK: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 170 UK: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 171 UK: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 172 ARMENIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 173 ARMENIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 174 ARMENIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 175 ARMENIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 176 REST OF EUROPE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 177 REST OF EUROPE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 178 REST OF EUROPE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 179 REST OF EUROPE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 180 NORTH AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)
  • TABLE 181 NORTH AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 182 NORTH AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)
  • TABLE 183 NORTH AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 184 NORTH AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (USD MILLION)
  • TABLE 185 NORTH AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 186 NORTH AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)
  • TABLE 187 NORTH AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 188 NORTH AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)
  • TABLE 189 NORTH AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 190 NORTH AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)
  • TABLE 191 NORTH AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 192 NORTH AMERICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 193 NORTH AMERICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 194 NORTH AMERICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 195 NORTH AMERICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 196 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 197 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS)
  • TABLE 198 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 199 NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (THOUSAND UNITS)
  • TABLE 200 US: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 201 US: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 202 US: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 203 US: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 204 CANADA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 205 CANADA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 206 CANADA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 207 CANADA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 208 LATIN AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)
  • TABLE 209 LATIN AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 210 LATIN AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)
  • TABLE 211 LATIN AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 212 LATIN AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (USD MILLION)
  • TABLE 213 LATIN AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 214 LATIN AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)
  • TABLE 215 LATIN AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 216 LATIN AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)
  • TABLE 217 LATIN AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 218 LATIN AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)
  • TABLE 219 LATIN AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 220 LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 221 LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 222 LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 223 LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 224 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 225 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS)
  • TABLE 226 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 227 LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (THOUSAND UNITS)
  • TABLE 228 BRAZIL: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 229 BRAZIL: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 230 BRAZIL: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 231 BRAZIL: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 232 ARGENTINA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 233 ARGENTINA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 234 ARGENTINA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 235 ARGENTINA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 236 REST OF LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 237 REST OF LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 238 REST OF LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 239 REST OF LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 240 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)
  • TABLE 241 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 242 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)
  • TABLE 243 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 244 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (USD MILLION)
  • TABLE 245 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 246 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)
  • TABLE 247 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 248 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)
  • TABLE 249 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (THOUSAND UNITS)
  • TABLE 250 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)
  • TABLE 251 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (THOUSAND UNITS)
  • TABLE 252 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 253 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 254 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 255 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 256 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)
  • TABLE 257 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS)
  • TABLE 258 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 259 MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (THOUSAND UNITS)
  • TABLE 260 IRAN: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 261 IRAN: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 262 IRAN: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 263 IRAN: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 264 REST OF MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)
  • TABLE 265 REST OF MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)
  • TABLE 266 REST OF MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 267 REST OF MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)
  • TABLE 268 STRATEGIES ADOPTED BY CNG TANK MANUFACTURERS
  • TABLE 269 DEGREE OF COMPETITION: CNG TANKS MARKET
  • TABLE 270 CNG TANKS MARKET: TANK TYPE FOOTPRINT
  • TABLE 271 CNG TANKS MARKET: MATERIAL TYPE FOOTPRINT
  • TABLE 272 CNG TANKS MARKET: APPLICATION FOOTPRINT
  • TABLE 273 CNG TANKS MARKET: REGION FOOTPRINT
  • TABLE 274 CNG TANKS MARKET: KEY STARTUPS/SMES
  • TABLE 275 CNG TANKS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 276 CNG TANKS MARKET: PRODUCT LAUNCHES, JANUARY 2015–JULY 2024
  • TABLE 277 CNG TANKS MARKET: DEALS, JANUARY 2015–JULY 2024
  • TABLE 278 CNG TANKS MARKET: EXPANSIONS, JANUARY 2015–JULY 2024
  • TABLE 279 WORTHINGTON ENTERPRISES: COMPANY OVERVIEW
  • TABLE 280 WORTHINGTON ENTERPRISES, INC.: PRODUCT LAUNCHES, JANUARY 2015−JULY 2024
  • TABLE 281 WORTHINGTON ENTERPRISES, INC.: DEALS, JANUARY 2015−JULY 2024
  • TABLE 282 LUXFER GROUP: COMPANY OVERVIEW
  • TABLE 283 LUXFER GROUP: DEALS, JANUARY 2015−JULY 2024
  • TABLE 284 HEXAGON COMPOSITES ASA: COMPANY OVERVIEW
  • TABLE 285 HEXAGON COMPOSITES ASA: DEALS, JANUARY 2015−JULY 2024
  • TABLE 286 QUANTUM FUEL SYSTEMS LLC: COMPANY OVERVIEW
  • TABLE 287 QUANTUM FUEL SYSTEMS LLC: PRODUCT LAUNCHES, JANUARY 2015−JULY 2024
  • TABLE 288 QUANTUM FUEL SYSTEMS LLC: DEALS, JANUARY 2015−JULY 2024
  • TABLE 289 EVEREST KANTO CYLINDER LTD.: COMPANY OVERVIEW
  • TABLE 290 BEIJING TIANHAI INDUSTRY CO., LTD.: COMPANY OVERVIEW
  • TABLE 291 FABER INDUSTRIE S.P.A.: COMPANY OVERVIEW
  • TABLE 292 FABER INDUSTRIE S.P.A.: PRODUCT LAUNCHES, JANUARY 2015−JULY 2024
  • TABLE 293 CIMC ENRIC: COMPANY OVERVIEW
  • TABLE 294 LUXI NEW ENERGY EQUIPMENT GROUP CO., LTD.: COMPANY OVERVIEW
  • TABLE 295 SINOCLEANSKY: COMPANY OVERVIEW
  • TABLE 296 TIME TECHNOPLAST: COMPANY OVERVIEW
  • TABLE 297 TIME TECHNOPLAST: EXPANSIONS, JANUARY 2015−JULY 2024
  • TABLE 298 RAMA CYLINDERS: COMPANY OVERVIEW
  • TABLE 299 COMPOSITE ADVANCED TECHNOLOGIES, LLC: COMPANY OVERVIEW
  • TABLE 300 GALILEO TECHNOLOGIES S.A.: COMPANY OVERVIEW
  • TABLE 301 LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO., LTD: COMPANY OVERVIEW
  • TABLE 302 JAY FE CYLINDERS LIMITED: COMPANY OVERVIEW
  • TABLE 303 SAHUWALA CYLINDERS LTD.: COMPANY OVERVIEW
  • TABLE 304 EURO INDIA CYLINDERS LTD.: COMPANY OVERVIEW
  • TABLE 305 STEELHEAD COMPOSITES, INC.: COMPANY OVERVIEW
  • TABLE 306 KIOSHI COMPRESION: COMPANY OVERVIEW
  • TABLE 307 ANHUI CLEAN ENERGY CO., LTD.: COMPANY OVERVIEW
  • TABLE 308 SHANGHAI METAL CORPORATION: COMPANY OVERVIEW
  • TABLE 309 SANTEK: COMPANY OVERVIEW
  • TABLE 310 INFLEX: COMPANY OVERVIEW
  • TABLE 311 INDORUSS SYNERGY: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 CNG TANKS MARKET SEGMENTATION
  • FIGURE 2 CNG TANKS MARKET: RESEARCH DESIGN
  • FIGURE 3 CNG TANKS MARKET: BOTTOM-UP APPROACH
  • FIGURE 4 CNG TANKS MARKET: TOP-DOWN APPROACH
  • FIGURE 5 CNG TANKS MARKET: DATA TRIANGULATION
  • FIGURE 6 LIGHT-DUTY VEHICLE WAS LARGEST SEGMENT OF CNG TANKS MARKET IN 2023
  • FIGURE 7 CARBON FIBER-BASED CNG TANKS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 8 FUEL TANKS APPLICATION DOMINATED MARKET IN 2023
  • FIGURE 9 TYPE 1 SEGMENT DOMINATED MARKET IN 2023
  • FIGURE 10 ASIA PACIFIC LED CNG TANKS MARKET IN 2023
  • FIGURE 11 GOVERNMENT SUPPORT FOR ADOPTION OF CLEAN FUEL TO DRIVE CNG TANKS MARKET BETWEEN 2024 AND 2029
  • FIGURE 12 TYPE 1 SEGMENT AND ASIA PACIFIC ACCOUNTED FOR LARGEST SHARES IN 2023
  • FIGURE 13 METALS SEGMENT DOMINATED MARKET IN 2023
  • FIGURE 14 FUEL TANKS APPLICATION DOMINATED MARKET
  • FIGURE 15 LIGHT-DUTY VEHICLES SEGMENT DOMINATED MARKET IN 2023
  • FIGURE 16 INDIA TO BE FASTEST-GROWING CNG TANKS MARKET, 2024–2029
  • FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CNG TANKS MARKET
  • FIGURE 18 RETAIL CNG CAR SALES IN INDIA, 2020–2023
  • FIGURE 19 CNG FUELING STATIONS ACROSS INDIA, 2020–2030
  • FIGURE 20 EV SALES FORECAST
  • FIGURE 21 EV SALES BY MAJOR MARKET (REGION/COUNTRY), 2023
  • FIGURE 22 CNG TANKS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO APPLICATIONS
  • FIGURE 24 KEY BUYING CRITERIA FOR TOP TWO APPLICATIONS
  • FIGURE 25 CNG TANKS MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 26 CNG TANKS MARKET: KEY STAKEHOLDERS IN ECOSYSTEM
  • FIGURE 27 CNG TANKS MARKET: ECOSYSTEM
  • FIGURE 28 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TANK TYPE
  • FIGURE 29 AVERAGE SELLING PRICE OF CNG TANKS, BY APPLICATION (USD/UNIT)
  • FIGURE 30 AVERAGE SELLING PRICE OF CNG TANKS, BY MATERIAL TYPE (USD/UNIT)
  • FIGURE 31 CNG TANKS MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 32 EXPORT OF CNG TANKS, BY KEY COUNTRY, 2019–2023, (USD MILLION)
  • FIGURE 33 IMPORT OF CNG TANKS, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)
  • FIGURE 34 PATENT ANALYSIS, BY PATENT TYPE
  • FIGURE 35 PATENT PUBLICATION TREND, 2014−2024
  • FIGURE 36 CNG TANKS MARKET: LEGAL STATUS OF PATENTS
  • FIGURE 37 CHINESE JURISDICTION REGISTERED HIGHEST NUMBER OF PATENTS
  • FIGURE 38 HEIL CO. REGISTERED HIGHEST NUMBER OF PATENTS
  • FIGURE 39 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS IN CNG TANKS MARKET
  • FIGURE 40 DEALS AND FUNDING IN CNG TANKS MARKET SOARED IN 2024
  • FIGURE 41 PROMINENT CNG TANK MANUFACTURING FIRMS IN 2024 (USD BILLION)
  • FIGURE 42 LIGHT-DUTY VEHICLES TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
  • FIGURE 43 ASIA PACIFIC TO BE LARGEST AND FASTEST-GROWING MARKET FOR CNG TANKS IN LIGHT-DUTY VEHICLE TYPE
  • FIGURE 44 TYPE 4 CNG TANKS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 45 METALS CNG TANKS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 46 FUEL TANKS APPLICATION TO DOMINATE CNG TANKS MARKET DURING FORECAST PERIOD
  • FIGURE 47 DEMAND FOR FUEL TANKS TO BE HIGHEST IN ASIA PACIFIC
  • FIGURE 48 INDIA TO BE FASTEST-GROWING CNG TANKS MARKET DURING FORECAST PERIOD
  • FIGURE 49 ASIA PACIFIC: CNG TANKS MARKET SNAPSHOT
  • FIGURE 50 INDIA: CNG VEHICLE SALES
  • FIGURE 51 EUROPE: CNG TANKS MARKET SNAPSHOT
  • FIGURE 52 NORTH AMERICA: CNG TANKS MARKET SNAPSHOT
  • FIGURE 53 CNG TANKS MARKET: REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
  • FIGURE 54 SHARE OF KEY PLAYERS IN CNG TANKS MARKET
  • FIGURE 55 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY CNG TANK PRODUCTS
  • FIGURE 56 CNG TANKS MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
  • FIGURE 57 CNG TANKS MARKET: COMPANY FOOTPRINT
  • FIGURE 58 CNG TANKS MARKET: COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023
  • FIGURE 59 CNG TANKS MARKET: EV/EBITDA OF KEY VENDORS
  • FIGURE 60 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
  • FIGURE 61 WORTHINGTON ENTERPRISES, INC.: COMPANY SNAPSHOT
  • FIGURE 62 LUXFER GROUP: COMPANY SNAPSHOT
  • FIGURE 63 HEXAGON COMPOSITES ASA: COMPANY SNAPSHOT
  • FIGURE 64 EVEREST KANTO CYLINDER LTD.: COMPANY SNAPSHOT
  • FIGURE 65 CIMC ENRIC: COMPANY SNAPSHOT
  • FIGURE 66 TIME TECHNOPLAST: COMPANY SNAPSHOT

Methodology

The study involves two major activities in estimating the current market size for the CNG tanks market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Afterward, data triangulation was used to estimate the market size for segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering CNG tanks and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information on the industry’s value chain, the total pool of key players, market classification, and segmentation by industry trends, down to the bottom-most level and regional markets. Secondary data were collected and analyzed to determine the overall size of the CNG tanks market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the CNG tanks market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from CNG tanks industry vendors; system integrators; component providers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights, including market statistics, revenue data from products and services, market breakdowns, market size estimates, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to tank type, material type, vehicle type, application, and region.

Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customers/end users who are using CNG tanks, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of CNG tanks and future outlook of their business, which will affect the overall market.

CNG Tanks Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The research methodology used to estimate the size of the CNG tanks market includes the following details. Market sizing was conducted from the demand side. The market was upsized to accommodate procurements and modernizations of CNG tanks across different applications at the regional level. Such procurements provide information on the demand aspects of the CNG tanks industry for each application. For each application, all possible segments of the CNG tanks market were integrated and mapped.

CNG Tanks Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, where applicable, to complete the overall market engineering process and derive the exact statistics for various market segments and subsegments. The data was triangulated by examining various factors and trends on both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches.

Market Definition

Homewood Disposals defines CNG as an eco-friendly alternative to gasoline made by compressing natural gas (methane) to less than 1% of its volume. CNG fuel is safer than gasoline and diesel as it is non-toxic and does not contaminate groundwater. This natural gas is the same as that used daily to cook and even dry clothes in a dryer. The use of CNG fuel is rising in both commercial and non-commercial vehicles. The tanks used to store CNG for commercial and non-commercial vehicles, along with transportation vehicles, are considered in this report on CNG tanks.

Key Stakeholders

  • CNG tanks manufacturers
  • Raw material manufacturers
  • Government and research organizations
  • R&D institutions
  • National and local government organizations
  • Institutional investors
  • CNG tanks suppliers
  • End-users

Report Objectives

  • To define, describe, and forecast the CNG tanks market size in terms of volume and value
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
  • To analyze and project the global CNG tanks market by tank type, material type, vehicle type, application, and region
  • To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, and analyze the significant region-specific trends
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and product developments/product launches, to draw the competitive landscape
  • To strategically profile the key market players and comprehensively analyze their core competencies

 

Available customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the CNG tanks market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company’s market

 

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