Global and China Vehicle CNG Tank(CNG Cylinder) Market Insights, Forecast to 2027

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.
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 CNG Tank/Cylinder 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.

Market Analysis and Insights: Global and China Vehicle CNG Tank(CNG Cylinder) Market
This report focuses on global and China Vehicle CNG Tank(CNG Cylinder) market.
In 2020, the global Vehicle CNG Tank(CNG Cylinder) market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027. In China the Vehicle CNG Tank(CNG Cylinder) market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Vehicle CNG Tank(CNG Cylinder) Scope and Market Size
Vehicle CNG Tank(CNG Cylinder) market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Vehicle CNG Tank(CNG Cylinder) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Vehicle CNG Tank(CNG Cylinder) market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.


Segment by Type
Type 1
Type 2
Type 3
Type 4
Others


Segment by Application
Passenger Vehicles
Commercial Vehicles


By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E


By Company
Sinomatech
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon Composites
Beijing Tianhai Industry
Rama Cylinders
Quantum Technologies
Faber Industrie
Praxair Technologies
CIMC ENRIC
Lianzhong Composites
Avanco Group
Ullit