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CNG Tank & Cylinder-Global Market Insights and Sales Trends 2025
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 & Cylinder market size is expected to reach US$ 1199.5 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of CNG Tank & Cylinder in various end use industries. The expanding demands from the Passenger Vehicles and Commercial Vehicles, are propelling CNG Tank & Cylinder market. Metal Material, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Glass Fiber Composites Raw Materials segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CNG Tank & Cylinder, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CNG Tank & Cylinder market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CNG Tank & Cylinder market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG Tank & Cylinder sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CNG Tank & Cylinder covered in this report include Sinomatech, Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon Composites, Beijing Tianhai Industry, Rama Cylinders, Quantum Technologies and Faber Industrie, etc.
The global CNG Tank & Cylinder market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global CNG Tank & Cylinder market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CNG Tank & Cylinder market, Segment by Type:
Metal Material
Glass Fiber Composites Raw Materials
Carbon Fiber Composites Raw Materials
Other
Global CNG Tank & Cylinder market, by Application
Passenger Vehicles
Commercial Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of CNG Tank & Cylinder manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CNG Tank & Cylinder in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 & Cylinder market size is expected to reach US$ 1199.5 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of CNG Tank & Cylinder in various end use industries. The expanding demands from the Passenger Vehicles and Commercial Vehicles, are propelling CNG Tank & Cylinder market. Metal Material, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Glass Fiber Composites Raw Materials segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CNG Tank & Cylinder, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CNG Tank & Cylinder market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CNG Tank & Cylinder market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG Tank & Cylinder sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CNG Tank & Cylinder covered in this report include Sinomatech, Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon Composites, Beijing Tianhai Industry, Rama Cylinders, Quantum Technologies and Faber Industrie, etc.
The global CNG Tank & Cylinder market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global CNG Tank & Cylinder market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CNG Tank & Cylinder market, Segment by Type:
Metal Material
Glass Fiber Composites Raw Materials
Carbon Fiber Composites Raw Materials
Other
Global CNG Tank & Cylinder market, by Application
Passenger Vehicles
Commercial Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of CNG Tank & Cylinder manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CNG Tank & Cylinder in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 CNG Tank & Cylinder Market Overview
1.1 CNG Tank & Cylinder Product Overview
1.2 CNG Tank & Cylinder Market Segment by Type
1.2.1 Metal Material
1.2.2 Glass Fiber Composites Raw Materials
1.2.3 Carbon Fiber Composites Raw Materials
1.2.4 Other
1.3 Global CNG Tank & Cylinder Market Size by Type
1.3.1 Global CNG Tank & Cylinder Market Size Overview by Type (2018-2029)
1.3.2 Global CNG Tank & Cylinder Historic Market Size Review by Type (2018-2023)
1.3.3 Global CNG Tank & Cylinder Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America CNG Tank & Cylinder Sales Breakdown by Type (2018-2023)
1.4.2 Europe CNG Tank & Cylinder Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific CNG Tank & Cylinder Sales Breakdown by Type (2018-2023)
1.4.4 Latin America CNG Tank & Cylinder Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa CNG Tank & Cylinder Sales Breakdown by Type (2018-2023)
2 Global CNG Tank & Cylinder Market Competition by Company
2.1 Global Top Players by CNG Tank & Cylinder Sales (2018-2023)
2.2 Global Top Players by CNG Tank & Cylinder Revenue (2018-2023)
2.3 Global Top Players by CNG Tank & Cylinder Price (2018-2023)
2.4 Global Top Manufacturers CNG Tank & Cylinder Manufacturing Base Distribution, Sales Area, Product Type
2.5 CNG Tank & Cylinder Market Competitive Situation and Trends
2.5.1 CNG Tank & Cylinder Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by CNG Tank & Cylinder Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in CNG Tank & Cylinder as of 2022)
2.7 Date of Key Manufacturers Enter into CNG Tank & Cylinder Market
2.8 Key Manufacturers CNG Tank & Cylinder Product Offered
2.9 Mergers & Acquisitions, Expansion
3 CNG Tank & Cylinder Status and Outlook by Region
3.1 Global CNG Tank & Cylinder Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global CNG Tank & Cylinder Historic Market Size by Region
3.2.1 Global CNG Tank & Cylinder Sales in Volume by Region (2018-2023)
3.2.2 Global CNG Tank & Cylinder Sales in Value by Region (2018-2023)
3.2.3 Global CNG Tank & Cylinder Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global CNG Tank & Cylinder Forecasted Market Size by Region
3.3.1 Global CNG Tank & Cylinder Sales in Volume by Region (2024-2029)
3.3.2 Global CNG Tank & Cylinder Sales in Value by Region (2024-2029)
3.3.3 Global CNG Tank & Cylinder Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global CNG Tank & Cylinder by Application
4.1 CNG Tank & Cylinder Market Segment by Application
4.1.1 Passenger Vehicles
4.1.2 Commercial Vehicles
4.2 Global CNG Tank & Cylinder Market Size by Application
4.2.1 Global CNG Tank & Cylinder Market Size Overview by Application (2018-2029)
4.2.2 Global CNG Tank & Cylinder Historic Market Size Review by Application (2018-2023)
4.2.3 Global CNG Tank & Cylinder Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America CNG Tank & Cylinder Sales Breakdown by Application (2018-2023)
4.3.2 Europe CNG Tank & Cylinder Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific CNG Tank & Cylinder Sales Breakdown by Application (2018-2023)
4.3.4 Latin America CNG Tank & Cylinder Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa CNG Tank & Cylinder Sales Breakdown by Application (2018-2023)
5 North America CNG Tank & Cylinder by Country
5.1 North America CNG Tank & Cylinder Historic Market Size by Country
5.1.1 North America CNG Tank & Cylinder Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America CNG Tank & Cylinder Sales in Volume by Country (2018-2023)
5.1.3 North America CNG Tank & Cylinder Sales in Value by Country (2018-2023)
5.2 North America CNG Tank & Cylinder Forecasted Market Size by Country
5.2.1 North America CNG Tank & Cylinder Sales in Volume by Country (2024-2029)
5.2.2 North America CNG Tank & Cylinder Sales in Value by Country (2024-2029)
6 Europe CNG Tank & Cylinder by Country
6.1 Europe CNG Tank & Cylinder Historic Market Size by Country
6.1.1 Europe CNG Tank & Cylinder Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe CNG Tank & Cylinder Sales in Volume by Country (2018-2023)
6.1.3 Europe CNG Tank & Cylinder Sales in Value by Country (2018-2023)
6.2 Europe CNG Tank & Cylinder Forecasted Market Size by Country
6.2.1 Europe CNG Tank & Cylinder Sales in Volume by Country (2024-2029)
6.2.2 Europe CNG Tank & Cylinder Sales in Value by Country (2024-2029)
7 Asia-Pacific CNG Tank & Cylinder by Region
7.1 Asia-Pacific CNG Tank & Cylinder Historic Market Size by Region
7.1.1 Asia-Pacific CNG Tank & Cylinder Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific CNG Tank & Cylinder Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific CNG Tank & Cylinder Sales in Value by Region (2018-2023)
7.2 Asia-Pacific CNG Tank & Cylinder Forecasted Market Size by Region
7.2.1 Asia-Pacific CNG Tank & Cylinder Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific CNG Tank & Cylinder Sales in Value by Region (2024-2029)
8 Latin America CNG Tank & Cylinder by Country
8.1 Latin America CNG Tank & Cylinder Historic Market Size by Country
8.1.1 Latin America CNG Tank & Cylinder Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America CNG Tank & Cylinder Sales in Volume by Country (2018-2023)
8.1.3 Latin America CNG Tank & Cylinder Sales in Value by Country (2018-2023)
8.2 Latin America CNG Tank & Cylinder Forecasted Market Size by Country
8.2.1 Latin America CNG Tank & Cylinder Sales in Volume by Country (2024-2029)
8.2.2 Latin America CNG Tank & Cylinder Sales in Value by Country (2024-2029)
9 Middle East and Africa CNG Tank & Cylinder by Country
9.1 Middle East and Africa CNG Tank & Cylinder Historic Market Size by Country
9.1.1 Middle East and Africa CNG Tank & Cylinder Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa CNG Tank & Cylinder Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa CNG Tank & Cylinder Sales in Value by Country (2018-2023)
9.2 Middle East and Africa CNG Tank & Cylinder Forecasted Market Size by Country
9.2.1 Middle East and Africa CNG Tank & Cylinder Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa CNG Tank & Cylinder Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Sinomatech
10.1.1 Sinomatech Company Information
10.1.2 Sinomatech Introduction and Business Overview
10.1.3 Sinomatech CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Sinomatech CNG Tank & Cylinder Products Offered
10.1.5 Sinomatech Recent Development
10.2 Everest Kanto Cylinders
10.2.1 Everest Kanto Cylinders Company Information
10.2.2 Everest Kanto Cylinders Introduction and Business Overview
10.2.3 Everest Kanto Cylinders CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Everest Kanto Cylinders CNG Tank & Cylinder Products Offered
10.2.5 Everest Kanto Cylinders Recent Development
10.3 Worthington Industries
10.3.1 Worthington Industries Company Information
10.3.2 Worthington Industries Introduction and Business Overview
10.3.3 Worthington Industries CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Worthington Industries CNG Tank & Cylinder Products Offered
10.3.5 Worthington Industries Recent Development
10.4 Luxfer Group
10.4.1 Luxfer Group Company Information
10.4.2 Luxfer Group Introduction and Business Overview
10.4.3 Luxfer Group CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Luxfer Group CNG Tank & Cylinder Products Offered
10.4.5 Luxfer Group Recent Development
10.5 Hexagon Composites
10.5.1 Hexagon Composites Company Information
10.5.2 Hexagon Composites Introduction and Business Overview
10.5.3 Hexagon Composites CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hexagon Composites CNG Tank & Cylinder Products Offered
10.5.5 Hexagon Composites Recent Development
10.6 Beijing Tianhai Industry
10.6.1 Beijing Tianhai Industry Company Information
10.6.2 Beijing Tianhai Industry Introduction and Business Overview
10.6.3 Beijing Tianhai Industry CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Beijing Tianhai Industry CNG Tank & Cylinder Products Offered
10.6.5 Beijing Tianhai Industry Recent Development
10.7 Rama Cylinders
10.7.1 Rama Cylinders Company Information
10.7.2 Rama Cylinders Introduction and Business Overview
10.7.3 Rama Cylinders CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Rama Cylinders CNG Tank & Cylinder Products Offered
10.7.5 Rama Cylinders Recent Development
10.8 Quantum Technologies
10.8.1 Quantum Technologies Company Information
10.8.2 Quantum Technologies Introduction and Business Overview
10.8.3 Quantum Technologies CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Quantum Technologies CNG Tank & Cylinder Products Offered
10.8.5 Quantum Technologies Recent Development
10.9 Faber Industrie
10.9.1 Faber Industrie Company Information
10.9.2 Faber Industrie Introduction and Business Overview
10.9.3 Faber Industrie CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Faber Industrie CNG Tank & Cylinder Products Offered
10.9.5 Faber Industrie Recent Development
10.10 Praxair Technologies
10.10.1 Praxair Technologies Company Information
10.10.2 Praxair Technologies Introduction and Business Overview
10.10.3 Praxair Technologies CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Praxair Technologies CNG Tank & Cylinder Products Offered
10.10.5 Praxair Technologies Recent Development
10.11 CIMC ENRIC
10.11.1 CIMC ENRIC Company Information
10.11.2 CIMC ENRIC Introduction and Business Overview
10.11.3 CIMC ENRIC CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.11.4 CIMC ENRIC CNG Tank & Cylinder Products Offered
10.11.5 CIMC ENRIC Recent Development
10.12 Lianzhong Composites
10.12.1 Lianzhong Composites Company Information
10.12.2 Lianzhong Composites Introduction and Business Overview
10.12.3 Lianzhong Composites CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Lianzhong Composites CNG Tank & Cylinder Products Offered
10.12.5 Lianzhong Composites Recent Development
10.13 Avanco Group
10.13.1 Avanco Group Company Information
10.13.2 Avanco Group Introduction and Business Overview
10.13.3 Avanco Group CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Avanco Group CNG Tank & Cylinder Products Offered
10.13.5 Avanco Group Recent Development
10.14 Ullit
10.14.1 Ullit Company Information
10.14.2 Ullit Introduction and Business Overview
10.14.3 Ullit CNG Tank & Cylinder Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Ullit CNG Tank & Cylinder Products Offered
10.14.5 Ullit Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 CNG Tank & Cylinder Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 CNG Tank & Cylinder Industrial Chain Analysis
11.4 CNG Tank & Cylinder Market Dynamics
11.4.1 CNG Tank & Cylinder Industry Trends
11.4.2 CNG Tank & Cylinder Market Drivers
11.4.3 CNG Tank & Cylinder Market Challenges
11.4.4 CNG Tank & Cylinder Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 CNG Tank & Cylinder Distributors
12.3 CNG Tank & Cylinder Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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