Product Code: A17396
Compressed natural gas (CNG) is a mixture of methane and trace quantities of light hydrocarbons, nitrogen, and CO2, which are generated during geological transformation from peat to anthracite coal. It is used as a fuel in vehicles. It is most commonly stored on board vehicles in high pressure tanks, which are usually referred as CNG tanks.
The global automotive industry has experienced tremendous transformation in past few years. The ever-growing demand for passenger safety has made vehicle manufacturers to focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes. Owing to this, the demand for composite cylinders is growing at a faster pace due to the various properties of its materials such as lighter weight, improved safety, and superior corrosion resistance. The rapid surge in the application of natural gas powered vehicles and rise in demand for lightweight storage solutions are positive factors that foster the growth of CNG tanks market.
The CNG tanks market is segmented on the basis of raw material, propulsion, vehicle type, type, and region. By raw material, it is divided into glass fiber composites raw materials, carbon fiber composites raw materials, and others. By propulsion, it is bifurcated into petrol and diesel. By vehicle type, it is fragmented into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). By type, it is classified into P Type 1 CNG Tanks, Type 2 CNG Tanks, Type 3 CNG Tanks, and Type 4 CNG Tanks. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter's five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key players that operate in this market include Anhui Clean Energy Co., Ltd., Avanco GmbH, Beijing Tianhai Industry Co., Ltd., Everest Kanto Cylinders Limited, Faber Industrie S.P.A, FIBA Technologies, Inc., Hexagon Composites ASA, Indoruss Synergy Pvt. Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Luxfer Holdings PLC, Maruti Koatsu Cylinders Ltd., NGV Technologies Inc., Plastic Omnium, Praxair Technology, Inc., Quantum Fuel Systems LLC, ULLIT, and Worthington Industries Inc
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cng tanks market analysis from 2021 to 2031 to identify the prevailing cng tanks market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cng tanks market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cng tanks market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Raw Material
- Glass Fiber Composites Raw Materials
- Carbon Fiber Composites Raw Materials
- Others
By Propulsion
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Type
- Type 1 CNG Tanks
- Type 2 CNG Tanks
- Type 3 CNG Tanks
- Type 4 CNG Tanks
By Region
- North America
- Europe
- Germany
- France
- Russia
- Netherlands
- UK
- Poland
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Asean
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest Of LAMEA
- Key Market Players
- Anhui Clean Energy Co., Ltd.
- Avanco Group
- Beijing Tianhai Industry Co. Ltd.
- Everest Kanto Cylinders Ltd.
- Faber Industrie S.P.A
- Fiba technologies
- Hexagon Composites ASA
- Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
- Luxfer Group
- Maruti Koatsu Cylinders Ltd
- NGV Technologies Inc
- Plastic Omnium
- Praxair Technologies Inc
- Quantum Fuel Systems Technologies Worldwide Inc
- Ullit SA
- Worthington Industries
- Indoruss Synergy Pvt. Ltd.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: CNG TANKS MARKET, BY RAW MATERIAL
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Glass Fiber Composites Raw Materials
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Carbon Fiber Composites Raw Materials
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Others
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
CHAPTER 5: CNG TANKS MARKET, BY PROPULSION
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Petrol
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Diesel
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
CHAPTER 6: CNG TANKS MARKET, BY VEHICLE TYPE
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Passenger Vehicles
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Light Commercial Vehicles
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Heavy Commercial Vehicles
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
CHAPTER 7: CNG TANKS MARKET, BY TYPE
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Type 1 CNG Tanks
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
- 7.3 Type 2 CNG Tanks
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
- 7.4 Type 3 CNG Tanks
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market analysis by country
- 7.5 Type 4 CNG Tanks
- 7.5.1 Key market trends, growth factors and opportunities
- 7.5.2 Market size and forecast, by region
- 7.5.3 Market analysis by country
CHAPTER 8: CNG TANKS MARKET, BY REGION
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Raw Material
- 8.2.3 North America Market size and forecast, by Propulsion
- 8.2.4 North America Market size and forecast, by Vehicle Type
- 8.2.5 North America Market size and forecast, by Type
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Market size and forecast, by Raw Material
- 8.2.6.1.2 Market size and forecast, by Propulsion
- 8.2.6.1.3 Market size and forecast, by Vehicle Type
- 8.2.6.1.4 Market size and forecast, by Type
- 8.2.6.2 Canada
- 8.2.6.2.1 Market size and forecast, by Raw Material
- 8.2.6.2.2 Market size and forecast, by Propulsion
- 8.2.6.2.3 Market size and forecast, by Vehicle Type
- 8.2.6.2.4 Market size and forecast, by Type
- 8.2.6.3 Mexico
- 8.2.6.3.1 Market size and forecast, by Raw Material
- 8.2.6.3.2 Market size and forecast, by Propulsion
- 8.2.6.3.3 Market size and forecast, by Vehicle Type
- 8.2.6.3.4 Market size and forecast, by Type
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Raw Material
- 8.3.3 Europe Market size and forecast, by Propulsion
- 8.3.4 Europe Market size and forecast, by Vehicle Type
- 8.3.5 Europe Market size and forecast, by Type
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 Germany
- 8.3.6.1.1 Market size and forecast, by Raw Material
- 8.3.6.1.2 Market size and forecast, by Propulsion
- 8.3.6.1.3 Market size and forecast, by Vehicle Type
- 8.3.6.1.4 Market size and forecast, by Type
- 8.3.6.2 France
- 8.3.6.2.1 Market size and forecast, by Raw Material
- 8.3.6.2.2 Market size and forecast, by Propulsion
- 8.3.6.2.3 Market size and forecast, by Vehicle Type
- 8.3.6.2.4 Market size and forecast, by Type
- 8.3.6.3 Russia
- 8.3.6.3.1 Market size and forecast, by Raw Material
- 8.3.6.3.2 Market size and forecast, by Propulsion
- 8.3.6.3.3 Market size and forecast, by Vehicle Type
- 8.3.6.3.4 Market size and forecast, by Type
- 8.3.6.4 Netherlands
- 8.3.6.4.1 Market size and forecast, by Raw Material
- 8.3.6.4.2 Market size and forecast, by Propulsion
- 8.3.6.4.3 Market size and forecast, by Vehicle Type
- 8.3.6.4.4 Market size and forecast, by Type
- 8.3.6.5 UK
- 8.3.6.5.1 Market size and forecast, by Raw Material
- 8.3.6.5.2 Market size and forecast, by Propulsion
- 8.3.6.5.3 Market size and forecast, by Vehicle Type
- 8.3.6.5.4 Market size and forecast, by Type
- 8.3.6.6 Poland
- 8.3.6.6.1 Market size and forecast, by Raw Material
- 8.3.6.6.2 Market size and forecast, by Propulsion
- 8.3.6.6.3 Market size and forecast, by Vehicle Type
- 8.3.6.6.4 Market size and forecast, by Type
- 8.3.6.7 Spain
- 8.3.6.7.1 Market size and forecast, by Raw Material
- 8.3.6.7.2 Market size and forecast, by Propulsion
- 8.3.6.7.3 Market size and forecast, by Vehicle Type
- 8.3.6.7.4 Market size and forecast, by Type
- 8.3.6.8 Rest of Europe
- 8.3.6.8.1 Market size and forecast, by Raw Material
- 8.3.6.8.2 Market size and forecast, by Propulsion
- 8.3.6.8.3 Market size and forecast, by Vehicle Type
- 8.3.6.8.4 Market size and forecast, by Type
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Raw Material
- 8.4.3 Asia-Pacific Market size and forecast, by Propulsion
- 8.4.4 Asia-Pacific Market size and forecast, by Vehicle Type
- 8.4.5 Asia-Pacific Market size and forecast, by Type
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Market size and forecast, by Raw Material
- 8.4.6.1.2 Market size and forecast, by Propulsion
- 8.4.6.1.3 Market size and forecast, by Vehicle Type
- 8.4.6.1.4 Market size and forecast, by Type
- 8.4.6.2 India
- 8.4.6.2.1 Market size and forecast, by Raw Material
- 8.4.6.2.2 Market size and forecast, by Propulsion
- 8.4.6.2.3 Market size and forecast, by Vehicle Type
- 8.4.6.2.4 Market size and forecast, by Type
- 8.4.6.3 Japan
- 8.4.6.3.1 Market size and forecast, by Raw Material
- 8.4.6.3.2 Market size and forecast, by Propulsion
- 8.4.6.3.3 Market size and forecast, by Vehicle Type
- 8.4.6.3.4 Market size and forecast, by Type
- 8.4.6.4 South Korea
- 8.4.6.4.1 Market size and forecast, by Raw Material
- 8.4.6.4.2 Market size and forecast, by Propulsion
- 8.4.6.4.3 Market size and forecast, by Vehicle Type
- 8.4.6.4.4 Market size and forecast, by Type
- 8.4.6.5 Asean
- 8.4.6.5.1 Market size and forecast, by Raw Material
- 8.4.6.5.2 Market size and forecast, by Propulsion
- 8.4.6.5.3 Market size and forecast, by Vehicle Type
- 8.4.6.5.4 Market size and forecast, by Type
- 8.4.6.6 Rest of Asia-Pacific
- 8.4.6.6.1 Market size and forecast, by Raw Material
- 8.4.6.6.2 Market size and forecast, by Propulsion
- 8.4.6.6.3 Market size and forecast, by Vehicle Type
- 8.4.6.6.4 Market size and forecast, by Type
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Raw Material
- 8.5.3 LAMEA Market size and forecast, by Propulsion
- 8.5.4 LAMEA Market size and forecast, by Vehicle Type
- 8.5.5 LAMEA Market size and forecast, by Type
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Brazil
- 8.5.6.1.1 Market size and forecast, by Raw Material
- 8.5.6.1.2 Market size and forecast, by Propulsion
- 8.5.6.1.3 Market size and forecast, by Vehicle Type
- 8.5.6.1.4 Market size and forecast, by Type
- 8.5.6.2 United Arab Emirates
- 8.5.6.2.1 Market size and forecast, by Raw Material
- 8.5.6.2.2 Market size and forecast, by Propulsion
- 8.5.6.2.3 Market size and forecast, by Vehicle Type
- 8.5.6.2.4 Market size and forecast, by Type
- 8.5.6.3 Saudi Arabia
- 8.5.6.3.1 Market size and forecast, by Raw Material
- 8.5.6.3.2 Market size and forecast, by Propulsion
- 8.5.6.3.3 Market size and forecast, by Vehicle Type
- 8.5.6.3.4 Market size and forecast, by Type
- 8.5.6.4 South Africa
- 8.5.6.4.1 Market size and forecast, by Raw Material
- 8.5.6.4.2 Market size and forecast, by Propulsion
- 8.5.6.4.3 Market size and forecast, by Vehicle Type
- 8.5.6.4.4 Market size and forecast, by Type
- 8.5.6.5 Rest of LAMEA
- 8.5.6.5.1 Market size and forecast, by Raw Material
- 8.5.6.5.2 Market size and forecast, by Propulsion
- 8.5.6.5.3 Market size and forecast, by Vehicle Type
- 8.5.6.5.4 Market size and forecast, by Type
CHAPTER 9: COMPANY LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Key developments
CHAPTER 10: COMPANY PROFILES
- 10.1 Anhui Clean Energy Co., Ltd.
- 10.1.1 Company overview
- 10.1.2 Company snapshot
- 10.1.3 Operating business segments
- 10.1.4 Product portfolio
- 10.1.5 Business performance
- 10.1.6 Key strategic moves and developments
- 10.2 Avanco Group
- 10.2.1 Company overview
- 10.2.2 Company snapshot
- 10.2.3 Operating business segments
- 10.2.4 Product portfolio
- 10.2.5 Business performance
- 10.2.6 Key strategic moves and developments
- 10.3 Beijing Tianhai Industry Co. Ltd.
- 10.3.1 Company overview
- 10.3.2 Company snapshot
- 10.3.3 Operating business segments
- 10.3.4 Product portfolio
- 10.3.5 Business performance
- 10.3.6 Key strategic moves and developments
- 10.4 Everest Kanto Cylinders Ltd.
- 10.4.1 Company overview
- 10.4.2 Company snapshot
- 10.4.3 Operating business segments
- 10.4.4 Product portfolio
- 10.4.5 Business performance
- 10.4.6 Key strategic moves and developments
- 10.5 Faber Industrie S.P.A
- 10.5.1 Company overview
- 10.5.2 Company snapshot
- 10.5.3 Operating business segments
- 10.5.4 Product portfolio
- 10.5.5 Business performance
- 10.5.6 Key strategic moves and developments
- 10.6 Fiba technologies
- 10.6.1 Company overview
- 10.6.2 Company snapshot
- 10.6.3 Operating business segments
- 10.6.4 Product portfolio
- 10.6.5 Business performance
- 10.6.6 Key strategic moves and developments
- 10.7 Hexagon Composites ASA
- 10.7.1 Company overview
- 10.7.2 Company snapshot
- 10.7.3 Operating business segments
- 10.7.4 Product portfolio
- 10.7.5 Business performance
- 10.7.6 Key strategic moves and developments
- 10.8 Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
- 10.8.1 Company overview
- 10.8.2 Company snapshot
- 10.8.3 Operating business segments
- 10.8.4 Product portfolio
- 10.8.5 Business performance
- 10.8.6 Key strategic moves and developments
- 10.9 Luxfer Group
- 10.9.1 Company overview
- 10.9.2 Company snapshot
- 10.9.3 Operating business segments
- 10.9.4 Product portfolio
- 10.9.5 Business performance
- 10.9.6 Key strategic moves and developments
- 10.10 Maruti Koatsu Cylinders Ltd
- 10.10.1 Company overview
- 10.10.2 Company snapshot
- 10.10.3 Operating business segments
- 10.10.4 Product portfolio
- 10.10.5 Business performance
- 10.10.6 Key strategic moves and developments
- 10.11 NGV Technologies Inc
- 10.11.1 Company overview
- 10.11.2 Company snapshot
- 10.11.3 Operating business segments
- 10.11.4 Product portfolio
- 10.11.5 Business performance
- 10.11.6 Key strategic moves and developments
- 10.12 Plastic Omnium
- 10.12.1 Company overview
- 10.12.2 Company snapshot
- 10.12.3 Operating business segments
- 10.12.4 Product portfolio
- 10.12.5 Business performance
- 10.12.6 Key strategic moves and developments
- 10.13 Praxair Technologies Inc
- 10.13.1 Company overview
- 10.13.2 Company snapshot
- 10.13.3 Operating business segments
- 10.13.4 Product portfolio
- 10.13.5 Business performance
- 10.13.6 Key strategic moves and developments
- 10.14 Quantum Fuel Systems Technologies Worldwide Inc
- 10.14.1 Company overview
- 10.14.2 Company snapshot
- 10.14.3 Operating business segments
- 10.14.4 Product portfolio
- 10.14.5 Business performance
- 10.14.6 Key strategic moves and developments
- 10.15 Ullit SA
- 10.15.1 Company overview
- 10.15.2 Company snapshot
- 10.15.3 Operating business segments
- 10.15.4 Product portfolio
- 10.15.5 Business performance
- 10.15.6 Key strategic moves and developments
- 10.16 Worthington Industries
- 10.16.1 Company overview
- 10.16.2 Company snapshot
- 10.16.3 Operating business segments
- 10.16.4 Product portfolio
- 10.16.5 Business performance
- 10.16.6 Key strategic moves and developments
- 10.17 Indoruss Synergy Pvt. Ltd.
- 10.17.1 Company overview
- 10.17.2 Company snapshot
- 10.17.3 Operating business segments
- 10.17.4 Product portfolio
- 10.17.5 Business performance
- 10.17.6 Key strategic moves and developments