Press release
Global Compressed Natural Gas (CNG) Cylinders Market 2025 | Sinomatech, Everest Kanto Cylinders, Worthington Industries, Luxfer Group
The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report preparation. Those reading the report will be able to get a detailed understanding about the market. Industry experts have verified and checked the data and information that have been taken from credible sources like websites, annual reports of companies, journals, and other resources. In order give the facts and data a pictorial form, diagrams, graphs, pie charts, and other representations have been used. That augments the visual appeal of the report and makes understanding it much easier.
This report presents the worldwide Compressed Natural Gas (CNG) Cylinders market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Compressed Natural Gas (CNG) Cylinders 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.
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Compressed Natural Gas (CNG) Cylinders 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 Compressed Natural Gas (CNG) Cylinders industry is not highly concentrated, there are more than one hundred manufacturers in the world, and high-end products mainly come from North America and Western Europe. Limited refueling infrastructures, and higher prices of composite cylinders, are some of the factors that hinder the growth of the CNG tanks/cylinders. Rising price of raw materials such as metals, glass fiber, carbon fiber, and other components used in manufacturing of CNG tanks/cylinders are the few challenges inhibiting the growth of the CNG tanks/cylinders market.
The growth in CNG cylinder market for storage and transportation of CNG would be dependent on government plans and initiatives to switch over to alternative fuel. However, with natural gas being progressively made available in most parts of the country and the rising cost of fuels (except for the fall in prices witnessed since the second half of the year), it is expected that the Government policies would be progressive favoring CNG as a fuel. The recent judicial activism at the highest level resulting which the Government has been mandated to have uniform natural gas prices across worldwide is a beneficial development, which will improve the availability of CNG at reasonable cost across India, which will induce consumers to switch over to CNG vehicles. This would lead to an accelerated growth in the CNG cylinder industry. Policy decision by the government to de-regulate diesel prices will turn some of the demand to CNG. The expected increase in supply of domestic gas due to the gas price hike will add impetus to the demand in the long run.
The Compressed Natural Gas (CNG) Cylinders market was valued at 730 Million US$ in 2017 and is projected to reach 1210 Million US$ by 2025, at a CAGR of 6.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Compressed Natural Gas (CNG) Cylinders.
The following manufacturers are covered in this report:
Sinomatech
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon Composites
Beijing Tianhai Industry
Rama Cylinders
Quantum Technologies
Faber Industrie
CIMC ENRIC
Avanco Group
Compressed Natural Gas (CNG) Cylinders Breakdown Data by Type
Type 1
Type 2
Type 3
Type 4
Others
Compressed Natural Gas (CNG) Cylinders Breakdown Data by Application
Passenger Vehicles
Commercial Vehicles
Compressed Natural Gas (CNG) Cylinders Production by Region
United States
Europe
China
Japan
Other Regions
Compressed Natural Gas (CNG) Cylinders Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Compressed Natural Gas (CNG) Cylinders status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Compressed Natural Gas (CNG) Cylinders manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Compressed Natural Gas (CNG) Cylinders :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Compressed Natural Gas (CNG) Cylinders market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Table of Contents
1 Study Coverage
1.1 Compressed Natural Gas (CNG) Cylinders Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Compressed Natural Gas (CNG) Cylinders Market Size Growth Rate by Type
1.4.2 Type 1
1.4.3 Type 2
1.4.4 Type 3
1.4.5 Type 4
1.4.6 Others
1.5 Market by Application
1.5.1 Global Compressed Natural Gas (CNG) Cylinders Market Size Growth Rate by Application
1.5.2 Passenger Vehicles
1.5.3 Commercial Vehicles
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Compressed Natural Gas (CNG) Cylinders Market Size
2.1.1 Global Compressed Natural Gas (CNG) Cylinders Revenue 2013-2025
2.1.2 Global Compressed Natural Gas (CNG) Cylinders Production 2013-2025
2.2 Compressed Natural Gas (CNG) Cylinders Growth Rate (CAGR) 2018-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Compressed Natural Gas (CNG) Cylinders Manufacturers
2.3.2.1 Compressed Natural Gas (CNG) Cylinders Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Compressed Natural Gas (CNG) Cylinders Product Offered
2.3.2.3 Date of Manufacturers Enter into Compressed Natural Gas (CNG) Cylinders Market
2.4 Key Trends for Compressed Natural Gas (CNG) Cylinders Markets & Products
3 Market Size by Manufacturers
3.1 Compressed Natural Gas (CNG) Cylinders Production by Manufacturers
3.1.1 Compressed Natural Gas (CNG) Cylinders Production by Manufacturers
3.1.2 Compressed Natural Gas (CNG) Cylinders Production Market Share by Manufacturers
3.2 Compressed Natural Gas (CNG) Cylinders Revenue by Manufacturers
3.2.1 Compressed Natural Gas (CNG) Cylinders Revenue by Manufacturers (2013-2018)
3.2.2 Compressed Natural Gas (CNG) Cylinders Revenue Share by Manufacturers (2013-2018)
3.3 Compressed Natural Gas (CNG) Cylinders Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Compressed Natural Gas (CNG) Cylinders Production by Regions
4.1 Global Compressed Natural Gas (CNG) Cylinders Production by Regions
4.1.1 Global Compressed Natural Gas (CNG) Cylinders Production Market Share by Regions
4.1.2 Global Compressed Natural Gas (CNG) Cylinders Revenue Market Share by Regions
4.2 United States
4.2.1 United States Compressed Natural Gas (CNG) Cylinders Production
4.2.2 United States Compressed Natural Gas (CNG) Cylinders Revenue
4.2.3 Key Players in United States
4.2.4 United States Compressed Natural Gas (CNG) Cylinders Import & Export
4.3 Europe
4.3.1 Europe Compressed Natural Gas (CNG) Cylinders Production
4.3.2 Europe Compressed Natural Gas (CNG) Cylinders Revenue
4.3.3 Key Players in Europe
4.3.4 Europe Compressed Natural Gas (CNG) Cylinders Import & Export
4.4 China
4.4.1 China Compressed Natural Gas (CNG) Cylinders Production
4.4.2 China Compressed Natural Gas (CNG) Cylinders Revenue
4.4.3 Key Players in China
4.4.4 China Compressed Natural Gas (CNG) Cylinders Import & Export
4.5 Japan
4.5.1 Japan Compressed Natural Gas (CNG) Cylinders Production
4.5.2 Japan Compressed Natural Gas (CNG) Cylinders Revenue
4.5.3 Key Players in Japan
4.5.4 Japan Compressed Natural Gas (CNG) Cylinders Import & Export
4.6 Other Regions
4.6.1 South Korea
4.6.2 India
4.6.3 Southeast Asia
5 Compressed Natural Gas (CNG) Cylinders Consumption by Regions
5.1 Global Compressed Natural Gas (CNG) Cylinders Consumption by Regions
5.1.1 Global Compressed Natural Gas (CNG) Cylinders Consumption by Regions
5.1.2 Global Compressed Natural Gas (CNG) Cylinders Consumption Market Share by Regions
5.2 North America
5.2.1 North America Compressed Natural Gas (CNG) Cylinders Consumption by Application
5.2.2 North America Compressed Natural Gas (CNG) Cylinders Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Compressed Natural Gas (CNG) Cylinders Consumption by Application
5.3.2 Europe Compressed Natural Gas (CNG) Cylinders Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Compressed Natural Gas (CNG) Cylinders Consumption by Application
5.4.2 Asia Pacific Compressed Natural Gas (CNG) Cylinders Consumption by Countries
5.4.3 China
5.4.4 Japan
5.4.5 South Korea
5.4.6 India
5.4.7 Australia
5.4.8 Indonesia
5.4.9 Thailand
5.4.10 Malaysia
5.4.11 Philippines
5.4.12 Vietnam
5.5 Central & South America
5.5.1 Central & South America Compressed Natural Gas (CNG) Cylinders Consumption by Application
5.5.2 Central & South America Compressed Natural Gas (CNG) Cylinders Consumption by Country
5.5.3 Brazil
5.6 Middle East and Africa
5.6.1 Middle East and Africa Compressed Natural Gas (CNG) Cylinders Consumption by Application
5.6.2 Middle East and Africa Compressed Natural Gas (CNG) Cylinders Consumption by Countries
5.6.3 GCC Countries
5.6.4 Egypt
5.6.5 South Africa
6 Market Size by Type
6.1 Global Compressed Natural Gas (CNG) Cylinders Production by Type
6.2 Global Compressed Natural Gas (CNG) Cylinders Revenue by Type
6.3 Compressed Natural Gas (CNG) Cylinders Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Compressed Natural Gas (CNG) Cylinders Breakdown Dada by Application
7.2.1 Global Compressed Natural Gas (CNG) Cylinders Consumption by Application
7.2.2 Global Compressed Natural Gas (CNG) Cylinders Consumption Market Share by Application (2013-2018)
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