Press release
Automotive Compressed Natural Gas Cylinders Market Share 2021: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027 - Hexagon, Avanco, Faber, Ulit
Market Intelligence Data has released a new report on the global “Automotive Compressed Natural Gas Cylinders market”. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical results and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Automotive Compressed Natural Gas Cylinders market industry and its framework. This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Automotive Compressed Natural Gas Cylinders market within the upcoming years.The Global Automotive Compressed Natural Gas Cylinders Market Size is Projected to Reach a CAGR of 10% during 2021-2027.
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Industry top players are:
Worthington Industries, Hexagon, Avanco, Faber, Ulit, Beijing Tianhai Industry, EKC
Recent Development:
Hexagon has acquired 71 companies, including 30 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 1 asset. Hexagon’s largest acquisition to date was in 2021 when it acquired Infor EAM for $2.8B. Hexagon has been acquired in 13 different US states, and 22 countries. The Company’s most targeted sectors include software (51%) and technology hardware (11%). Hexagon is a provider of integrated design, measurement and visualisation technologies. Hexagon was founded in 1975 and is based in Stockholm, Sweden.
Avanco GmbH manufactures and markets components of carbon fibre composites. The company is based in Herford, Germany. digitGaps report on Avanco GmbH delivers detailed in-depth and comprehensive insights into the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in the local market and global economy. digitGaps is presenting this report to you to understand the company’s key strengths, weaknesses, potential opportunities, and threats. This report will also present the historical, current and projected merger and acquisitions, financial analysis, deals and alliances, partnerships and investments of the company, news, competitors, and key executives profiles.
Automotive Compressed Natural Gas Cylinders Market Segmentation by Type:
Steel
Aluminum Alloy
Composite Materials
Automotive Compressed Natural Gas Cylinders Market Segmentation by Application:
Cars
SUV
Pickup Trucks
Commercial Vehicle
Asia-Pacific Dominates the Market:
Asia-Pacific is the largest consumer of CNG tanks/cylinders, followed by RoW, Europe, and North America. Among all the countries in the Asia-Pacific region, China is the biggest consumer of CNG tanks/cylinders. The region is also at the forefront in terms of the consumption of Type 1 CNG tanks. On the other hand, North America is projected to be the fastest-growing region and it holds a significant share in the overall composites CNG cylinders market. CNG vehicles are gaining penetration in developing countries. This can be attributed to low cost of CNG as against the rising prices of other transportation fuels. In addition, CNG operated vehicles are considered a greener alternative to petroleum operated vehicles. The bi-fuel options offered by CNG vehicles make them one of the preferred choices amongst users. Moreover, the cost benefits of CNG coupled with significant carbon emission reduction are expected to increase the CNG market globally.
Regional Automotive Compressed Natural Gas Cylinders Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Automotive Compressed Natural Gas Cylinders Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Automotive Compressed Natural Gas Cylinders Market
– Strategies of key players and product offerings
– Potential and niche segments/regions are exhibiting promising growth.
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The report gives answers to the following:
What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Automotive Compressed Natural Gas Cylinders industry?
What is the global marketplace's predicted compound annual growth rate (CAGR) during the forecast period (2021-2027)?
What could be the anticipated value of the Automotive Compressed Natural Gas Cylinders marketplace during the forecast period?
Covid-19 Impact and Recovery Analysis:
The number one goal of this Automotive Compressed Natural Gas Cylinders Market document is to provide Quantitative records within charts and graphs. The information regarding market fundamentals is provided purely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Automotive Compressed Natural Gas Cylinders market document.
Customization:
The Global Automotive Compressed Natural Gas Cylinders Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for our Market Intelligence Data reports at no additional cost to all of our Users.
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