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CNG Tank-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 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 in various end use industries. The expanding demands from the Shipping and Land Transportation, are propelling CNG Tank market. Glass Fiber Composite 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 Carbon Fiber Composite 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, 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 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 market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG Tank 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 covered in this report include Faber Industrie, Hexagon Composites ASA, Luxfer Gas Cylinder, Faber Industrie, Beijing Tianhai Industry, Worthington Cylinders GmbH, Quantum Fuel System Technologies, Everest Kanto Cylinder and Zhongyou Tongyong Luxi Natural Gas Equipment, etc.
The global CNG Tank market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Faber Industrie
Hexagon Composites ASA
Luxfer Gas Cylinder
Faber Industrie
Beijing Tianhai Industry
Worthington Cylinders GmbH
Quantum Fuel System Technologies
Everest Kanto Cylinder
Zhongyou Tongyong Luxi Natural Gas Equipment
FIBA Technologies
CIMC Enric Holdings
Sinoma Science & Technology(SuZhou)
Global CNG Tank 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 market, Segment by Type:
Glass Fiber Composite Material
Carbon Fiber Composite
Metal Material
Global CNG Tank market, by Application
Shipping
Land Transportation
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 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 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 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 in various end use industries. The expanding demands from the Shipping and Land Transportation, are propelling CNG Tank market. Glass Fiber Composite 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 Carbon Fiber Composite 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, 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 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 market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG Tank 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 covered in this report include Faber Industrie, Hexagon Composites ASA, Luxfer Gas Cylinder, Faber Industrie, Beijing Tianhai Industry, Worthington Cylinders GmbH, Quantum Fuel System Technologies, Everest Kanto Cylinder and Zhongyou Tongyong Luxi Natural Gas Equipment, etc.
The global CNG Tank market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Faber Industrie
Hexagon Composites ASA
Luxfer Gas Cylinder
Faber Industrie
Beijing Tianhai Industry
Worthington Cylinders GmbH
Quantum Fuel System Technologies
Everest Kanto Cylinder
Zhongyou Tongyong Luxi Natural Gas Equipment
FIBA Technologies
CIMC Enric Holdings
Sinoma Science & Technology(SuZhou)
Global CNG Tank 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 market, Segment by Type:
Glass Fiber Composite Material
Carbon Fiber Composite
Metal Material
Global CNG Tank market, by Application
Shipping
Land Transportation
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 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 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 Market Overview
1.1 CNG Tank Product Overview
1.2 CNG Tank Market Segment by Type
1.2.1 Glass Fiber Composite Material
1.2.2 Carbon Fiber Composite
1.2.3 Metal Material
1.3 Global CNG Tank Market Size by Type
1.3.1 Global CNG Tank Market Size Overview by Type (2018-2029)
1.3.2 Global CNG Tank Historic Market Size Review by Type (2018-2023)
1.3.3 Global CNG Tank Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America CNG Tank Sales Breakdown by Type (2018-2023)
1.4.2 Europe CNG Tank Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific CNG Tank Sales Breakdown by Type (2018-2023)
1.4.4 Latin America CNG Tank Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa CNG Tank Sales Breakdown by Type (2018-2023)
2 Global CNG Tank Market Competition by Company
2.1 Global Top Players by CNG Tank Sales (2018-2023)
2.2 Global Top Players by CNG Tank Revenue (2018-2023)
2.3 Global Top Players by CNG Tank Price (2018-2023)
2.4 Global Top Manufacturers CNG Tank Manufacturing Base Distribution, Sales Area, Product Type
2.5 CNG Tank Market Competitive Situation and Trends
2.5.1 CNG Tank Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by CNG Tank 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 as of 2022)
2.7 Date of Key Manufacturers Enter into CNG Tank Market
2.8 Key Manufacturers CNG Tank Product Offered
2.9 Mergers & Acquisitions, Expansion
3 CNG Tank Status and Outlook by Region
3.1 Global CNG Tank Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global CNG Tank Historic Market Size by Region
3.2.1 Global CNG Tank Sales in Volume by Region (2018-2023)
3.2.2 Global CNG Tank Sales in Value by Region (2018-2023)
3.2.3 Global CNG Tank Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global CNG Tank Forecasted Market Size by Region
3.3.1 Global CNG Tank Sales in Volume by Region (2024-2029)
3.3.2 Global CNG Tank Sales in Value by Region (2024-2029)
3.3.3 Global CNG Tank Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global CNG Tank by Application
4.1 CNG Tank Market Segment by Application
4.1.1 Shipping
4.1.2 Land Transportation
4.2 Global CNG Tank Market Size by Application
4.2.1 Global CNG Tank Market Size Overview by Application (2018-2029)
4.2.2 Global CNG Tank Historic Market Size Review by Application (2018-2023)
4.2.3 Global CNG Tank Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America CNG Tank Sales Breakdown by Application (2018-2023)
4.3.2 Europe CNG Tank Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific CNG Tank Sales Breakdown by Application (2018-2023)
4.3.4 Latin America CNG Tank Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa CNG Tank Sales Breakdown by Application (2018-2023)
5 North America CNG Tank by Country
5.1 North America CNG Tank Historic Market Size by Country
5.1.1 North America CNG Tank Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America CNG Tank Sales in Volume by Country (2018-2023)
5.1.3 North America CNG Tank Sales in Value by Country (2018-2023)
5.2 North America CNG Tank Forecasted Market Size by Country
5.2.1 North America CNG Tank Sales in Volume by Country (2024-2029)
5.2.2 North America CNG Tank Sales in Value by Country (2024-2029)
6 Europe CNG Tank by Country
6.1 Europe CNG Tank Historic Market Size by Country
6.1.1 Europe CNG Tank Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe CNG Tank Sales in Volume by Country (2018-2023)
6.1.3 Europe CNG Tank Sales in Value by Country (2018-2023)
6.2 Europe CNG Tank Forecasted Market Size by Country
6.2.1 Europe CNG Tank Sales in Volume by Country (2024-2029)
6.2.2 Europe CNG Tank Sales in Value by Country (2024-2029)
7 Asia-Pacific CNG Tank by Region
7.1 Asia-Pacific CNG Tank Historic Market Size by Region
7.1.1 Asia-Pacific CNG Tank Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific CNG Tank Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific CNG Tank Sales in Value by Region (2018-2023)
7.2 Asia-Pacific CNG Tank Forecasted Market Size by Region
7.2.1 Asia-Pacific CNG Tank Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific CNG Tank Sales in Value by Region (2024-2029)
8 Latin America CNG Tank by Country
8.1 Latin America CNG Tank Historic Market Size by Country
8.1.1 Latin America CNG Tank Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America CNG Tank Sales in Volume by Country (2018-2023)
8.1.3 Latin America CNG Tank Sales in Value by Country (2018-2023)
8.2 Latin America CNG Tank Forecasted Market Size by Country
8.2.1 Latin America CNG Tank Sales in Volume by Country (2024-2029)
8.2.2 Latin America CNG Tank Sales in Value by Country (2024-2029)
9 Middle East and Africa CNG Tank by Country
9.1 Middle East and Africa CNG Tank Historic Market Size by Country
9.1.1 Middle East and Africa CNG Tank Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa CNG Tank Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa CNG Tank Sales in Value by Country (2018-2023)
9.2 Middle East and Africa CNG Tank Forecasted Market Size by Country
9.2.1 Middle East and Africa CNG Tank Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa CNG Tank Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Faber Industrie
10.1.1 Faber Industrie Company Information
10.1.2 Faber Industrie Introduction and Business Overview
10.1.3 Faber Industrie CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Faber Industrie CNG Tank Products Offered
10.1.5 Faber Industrie Recent Development
10.2 Hexagon Composites ASA
10.2.1 Hexagon Composites ASA Company Information
10.2.2 Hexagon Composites ASA Introduction and Business Overview
10.2.3 Hexagon Composites ASA CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Hexagon Composites ASA CNG Tank Products Offered
10.2.5 Hexagon Composites ASA Recent Development
10.3 Luxfer Gas Cylinder
10.3.1 Luxfer Gas Cylinder Company Information
10.3.2 Luxfer Gas Cylinder Introduction and Business Overview
10.3.3 Luxfer Gas Cylinder CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Luxfer Gas Cylinder CNG Tank Products Offered
10.3.5 Luxfer Gas Cylinder Recent Development
10.4 Faber Industrie
10.4.1 Faber Industrie Company Information
10.4.2 Faber Industrie Introduction and Business Overview
10.4.3 Faber Industrie CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Faber Industrie CNG Tank Products Offered
10.4.5 Faber Industrie Recent Development
10.5 Beijing Tianhai Industry
10.5.1 Beijing Tianhai Industry Company Information
10.5.2 Beijing Tianhai Industry Introduction and Business Overview
10.5.3 Beijing Tianhai Industry CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Beijing Tianhai Industry CNG Tank Products Offered
10.5.5 Beijing Tianhai Industry Recent Development
10.6 Worthington Cylinders GmbH
10.6.1 Worthington Cylinders GmbH Company Information
10.6.2 Worthington Cylinders GmbH Introduction and Business Overview
10.6.3 Worthington Cylinders GmbH CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Worthington Cylinders GmbH CNG Tank Products Offered
10.6.5 Worthington Cylinders GmbH Recent Development
10.7 Quantum Fuel System Technologies
10.7.1 Quantum Fuel System Technologies Company Information
10.7.2 Quantum Fuel System Technologies Introduction and Business Overview
10.7.3 Quantum Fuel System Technologies CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Quantum Fuel System Technologies CNG Tank Products Offered
10.7.5 Quantum Fuel System Technologies Recent Development
10.8 Everest Kanto Cylinder
10.8.1 Everest Kanto Cylinder Company Information
10.8.2 Everest Kanto Cylinder Introduction and Business Overview
10.8.3 Everest Kanto Cylinder CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Everest Kanto Cylinder CNG Tank Products Offered
10.8.5 Everest Kanto Cylinder Recent Development
10.9 Zhongyou Tongyong Luxi Natural Gas Equipment
10.9.1 Zhongyou Tongyong Luxi Natural Gas Equipment Company Information
10.9.2 Zhongyou Tongyong Luxi Natural Gas Equipment Introduction and Business Overview
10.9.3 Zhongyou Tongyong Luxi Natural Gas Equipment CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Zhongyou Tongyong Luxi Natural Gas Equipment CNG Tank Products Offered
10.9.5 Zhongyou Tongyong Luxi Natural Gas Equipment Recent Development
10.10 FIBA Technologies
10.10.1 FIBA Technologies Company Information
10.10.2 FIBA Technologies Introduction and Business Overview
10.10.3 FIBA Technologies CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.10.4 FIBA Technologies CNG Tank Products Offered
10.10.5 FIBA Technologies Recent Development
10.11 CIMC Enric Holdings
10.11.1 CIMC Enric Holdings Company Information
10.11.2 CIMC Enric Holdings Introduction and Business Overview
10.11.3 CIMC Enric Holdings CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.11.4 CIMC Enric Holdings CNG Tank Products Offered
10.11.5 CIMC Enric Holdings Recent Development
10.12 Sinoma Science & Technology(SuZhou)
10.12.1 Sinoma Science & Technology(SuZhou) Company Information
10.12.2 Sinoma Science & Technology(SuZhou) Introduction and Business Overview
10.12.3 Sinoma Science & Technology(SuZhou) CNG Tank Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Sinoma Science & Technology(SuZhou) CNG Tank Products Offered
10.12.5 Sinoma Science & Technology(SuZhou) Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 CNG Tank 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 Industrial Chain Analysis
11.4 CNG Tank Market Dynamics
11.4.1 CNG Tank Industry Trends
11.4.2 CNG Tank Market Drivers
11.4.3 CNG Tank Market Challenges
11.4.4 CNG Tank Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 CNG Tank Distributors
12.3 CNG Tank 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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