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Composite CNG Cylinders-Global Market Insights and Sales Trends 2025
Synopsis
The global Composite CNG Cylinders market size is expected to reach US$ 372.6 million by 2029, growing at a CAGR of 2.0% from 2023 to 2029. The market is mainly driven by the significant applications of Composite CNG Cylinders in various end use industries. The expanding demands from the Passenger Vehicles and Commercial Vehicles, are propelling Composite CNG Cylinders market. Type III, 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 Type IV segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Composite CNG Cylinders market, driven by demand from China, the second largest economy with some signs of stabilising, the Composite CNG Cylinders market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Composite CNG Cylinders, 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 Composite CNG Cylinders 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 Composite CNG Cylinders market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Composite CNG Cylinders 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 Composite CNG Cylinders covered in this report include Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon, Beijing Tianhai Industry, Rama Cylinders, Quantum Technologies, Faber Industrie and Avanco Group, etc.
The global Composite CNG Cylinders market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon
Beijing Tianhai Industry
Rama Cylinders
Quantum Technologies
Faber Industrie
Avanco Group
Global Composite CNG Cylinders 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 Composite CNG Cylinders market, Segment by Type:
Type III
Type IV
Global Composite CNG Cylinders 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 Composite CNG Cylinders manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Composite CNG Cylinders 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.
The global Composite CNG Cylinders market size is expected to reach US$ 372.6 million by 2029, growing at a CAGR of 2.0% from 2023 to 2029. The market is mainly driven by the significant applications of Composite CNG Cylinders in various end use industries. The expanding demands from the Passenger Vehicles and Commercial Vehicles, are propelling Composite CNG Cylinders market. Type III, 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 Type IV segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Composite CNG Cylinders market, driven by demand from China, the second largest economy with some signs of stabilising, the Composite CNG Cylinders market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Composite CNG Cylinders, 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 Composite CNG Cylinders 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 Composite CNG Cylinders market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Composite CNG Cylinders 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 Composite CNG Cylinders covered in this report include Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon, Beijing Tianhai Industry, Rama Cylinders, Quantum Technologies, Faber Industrie and Avanco Group, etc.
The global Composite CNG Cylinders market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon
Beijing Tianhai Industry
Rama Cylinders
Quantum Technologies
Faber Industrie
Avanco Group
Global Composite CNG Cylinders 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 Composite CNG Cylinders market, Segment by Type:
Type III
Type IV
Global Composite CNG Cylinders 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 Composite CNG Cylinders manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Composite CNG Cylinders 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 Composite CNG Cylinders Market Overview
1.1 Composite CNG Cylinders Product Overview
1.2 Composite CNG Cylinders Market Segment by Type
1.2.1 Type III
1.2.2 Type IV
1.3 Global Composite CNG Cylinders Market Size by Type
1.3.1 Global Composite CNG Cylinders Market Size Overview by Type (2018-2029)
1.3.2 Global Composite CNG Cylinders Historic Market Size Review by Type (2018-2023)
1.3.3 Global Composite CNG Cylinders Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Composite CNG Cylinders Sales Breakdown by Type (2018-2023)
1.4.2 Europe Composite CNG Cylinders Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Composite CNG Cylinders Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Composite CNG Cylinders Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Composite CNG Cylinders Sales Breakdown by Type (2018-2023)
2 Global Composite CNG Cylinders Market Competition by Company
2.1 Global Top Players by Composite CNG Cylinders Sales (2018-2023)
2.2 Global Top Players by Composite CNG Cylinders Revenue (2018-2023)
2.3 Global Top Players by Composite CNG Cylinders Price (2018-2023)
2.4 Global Top Manufacturers Composite CNG Cylinders Manufacturing Base Distribution, Sales Area, Product Type
2.5 Composite CNG Cylinders Market Competitive Situation and Trends
2.5.1 Composite CNG Cylinders Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Composite CNG Cylinders 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 Composite CNG Cylinders as of 2022)
2.7 Date of Key Manufacturers Enter into Composite CNG Cylinders Market
2.8 Key Manufacturers Composite CNG Cylinders Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Composite CNG Cylinders Status and Outlook by Region
3.1 Global Composite CNG Cylinders Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Composite CNG Cylinders Historic Market Size by Region
3.2.1 Global Composite CNG Cylinders Sales in Volume by Region (2018-2023)
3.2.2 Global Composite CNG Cylinders Sales in Value by Region (2018-2023)
3.2.3 Global Composite CNG Cylinders Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Composite CNG Cylinders Forecasted Market Size by Region
3.3.1 Global Composite CNG Cylinders Sales in Volume by Region (2024-2029)
3.3.2 Global Composite CNG Cylinders Sales in Value by Region (2024-2029)
3.3.3 Global Composite CNG Cylinders Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Composite CNG Cylinders by Application
4.1 Composite CNG Cylinders Market Segment by Application
4.1.1 Passenger Vehicles
4.1.2 Commercial Vehicles
4.2 Global Composite CNG Cylinders Market Size by Application
4.2.1 Global Composite CNG Cylinders Market Size Overview by Application (2018-2029)
4.2.2 Global Composite CNG Cylinders Historic Market Size Review by Application (2018-2023)
4.2.3 Global Composite CNG Cylinders Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Composite CNG Cylinders Sales Breakdown by Application (2018-2023)
4.3.2 Europe Composite CNG Cylinders Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Composite CNG Cylinders Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Composite CNG Cylinders Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Composite CNG Cylinders Sales Breakdown by Application (2018-2023)
5 North America Composite CNG Cylinders by Country
5.1 North America Composite CNG Cylinders Historic Market Size by Country
5.1.1 North America Composite CNG Cylinders Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Composite CNG Cylinders Sales in Volume by Country (2018-2023)
5.1.3 North America Composite CNG Cylinders Sales in Value by Country (2018-2023)
5.2 North America Composite CNG Cylinders Forecasted Market Size by Country
5.2.1 North America Composite CNG Cylinders Sales in Volume by Country (2024-2029)
5.2.2 North America Composite CNG Cylinders Sales in Value by Country (2024-2029)
6 Europe Composite CNG Cylinders by Country
6.1 Europe Composite CNG Cylinders Historic Market Size by Country
6.1.1 Europe Composite CNG Cylinders Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Composite CNG Cylinders Sales in Volume by Country (2018-2023)
6.1.3 Europe Composite CNG Cylinders Sales in Value by Country (2018-2023)
6.2 Europe Composite CNG Cylinders Forecasted Market Size by Country
6.2.1 Europe Composite CNG Cylinders Sales in Volume by Country (2024-2029)
6.2.2 Europe Composite CNG Cylinders Sales in Value by Country (2024-2029)
7 Asia-Pacific Composite CNG Cylinders by Region
7.1 Asia-Pacific Composite CNG Cylinders Historic Market Size by Region
7.1.1 Asia-Pacific Composite CNG Cylinders Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Composite CNG Cylinders Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Composite CNG Cylinders Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Composite CNG Cylinders Forecasted Market Size by Region
7.2.1 Asia-Pacific Composite CNG Cylinders Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Composite CNG Cylinders Sales in Value by Region (2024-2029)
8 Latin America Composite CNG Cylinders by Country
8.1 Latin America Composite CNG Cylinders Historic Market Size by Country
8.1.1 Latin America Composite CNG Cylinders Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Composite CNG Cylinders Sales in Volume by Country (2018-2023)
8.1.3 Latin America Composite CNG Cylinders Sales in Value by Country (2018-2023)
8.2 Latin America Composite CNG Cylinders Forecasted Market Size by Country
8.2.1 Latin America Composite CNG Cylinders Sales in Volume by Country (2024-2029)
8.2.2 Latin America Composite CNG Cylinders Sales in Value by Country (2024-2029)
9 Middle East and Africa Composite CNG Cylinders by Country
9.1 Middle East and Africa Composite CNG Cylinders Historic Market Size by Country
9.1.1 Middle East and Africa Composite CNG Cylinders Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Composite CNG Cylinders Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Composite CNG Cylinders Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Composite CNG Cylinders Forecasted Market Size by Country
9.2.1 Middle East and Africa Composite CNG Cylinders Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Composite CNG Cylinders Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Everest Kanto Cylinders
10.1.1 Everest Kanto Cylinders Company Information
10.1.2 Everest Kanto Cylinders Introduction and Business Overview
10.1.3 Everest Kanto Cylinders Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Everest Kanto Cylinders Composite CNG Cylinders Products Offered
10.1.5 Everest Kanto Cylinders Recent Development
10.2 Worthington Industries
10.2.1 Worthington Industries Company Information
10.2.2 Worthington Industries Introduction and Business Overview
10.2.3 Worthington Industries Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Worthington Industries Composite CNG Cylinders Products Offered
10.2.5 Worthington Industries Recent Development
10.3 Luxfer Group
10.3.1 Luxfer Group Company Information
10.3.2 Luxfer Group Introduction and Business Overview
10.3.3 Luxfer Group Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Luxfer Group Composite CNG Cylinders Products Offered
10.3.5 Luxfer Group Recent Development
10.4 Hexagon
10.4.1 Hexagon Company Information
10.4.2 Hexagon Introduction and Business Overview
10.4.3 Hexagon Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hexagon Composite CNG Cylinders Products Offered
10.4.5 Hexagon 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 Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Beijing Tianhai Industry Composite CNG Cylinders Products Offered
10.5.5 Beijing Tianhai Industry Recent Development
10.6 Rama Cylinders
10.6.1 Rama Cylinders Company Information
10.6.2 Rama Cylinders Introduction and Business Overview
10.6.3 Rama Cylinders Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Rama Cylinders Composite CNG Cylinders Products Offered
10.6.5 Rama Cylinders Recent Development
10.7 Quantum Technologies
10.7.1 Quantum Technologies Company Information
10.7.2 Quantum Technologies Introduction and Business Overview
10.7.3 Quantum Technologies Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Quantum Technologies Composite CNG Cylinders Products Offered
10.7.5 Quantum Technologies Recent Development
10.8 Faber Industrie
10.8.1 Faber Industrie Company Information
10.8.2 Faber Industrie Introduction and Business Overview
10.8.3 Faber Industrie Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Faber Industrie Composite CNG Cylinders Products Offered
10.8.5 Faber Industrie Recent Development
10.9 Avanco Group
10.9.1 Avanco Group Company Information
10.9.2 Avanco Group Introduction and Business Overview
10.9.3 Avanco Group Composite CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Avanco Group Composite CNG Cylinders Products Offered
10.9.5 Avanco Group Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Composite CNG Cylinders 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 Composite CNG Cylinders Industrial Chain Analysis
11.4 Composite CNG Cylinders Market Dynamics
11.4.1 Composite CNG Cylinders Industry Trends
11.4.2 Composite CNG Cylinders Market Drivers
11.4.3 Composite CNG Cylinders Market Challenges
11.4.4 Composite CNG Cylinders Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Composite CNG Cylinders Distributors
12.3 Composite CNG Cylinders 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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