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Global Compressed Natural Gas CNG TanksCylinders Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 01, 2025
Length 153 Pages
SKU # BOSS20301176

Description

Report Overview

Compressed Natural Gas (CNG) tanks/cylinders are high-pressure storage vessels designed to hold natural gas at pressures typically ranging from 3,000 to 3,600 psi, allowing for efficient transportation and usage in vehicles, industrial applications, and energy systems. These cylinders are constructed from advanced materials such as composite fibers (carbon fiber, glass fiber) or metal alloys (steel, aluminum) to ensure durability, lightweight properties, and safety compliance with stringent industry standards. The demand for CNG tanks is driven by the global shift toward cleaner energy alternatives, as CNG is a cost-effective and lower-emission fuel compared to gasoline or diesel. Key applications include automotive (passenger vehicles, buses, trucks), marine, and stationary storage for power generation, with growth influenced by government policies promoting natural gas adoption, infrastructure development for refueling stations, and advancements in tank technology enhancing storage capacity and safety. Market competition is intensifying, with manufacturers focusing on lightweight designs, cost reduction, and regulatory certifications to meet regional safety norms.

The global Compressed Natural Gas CNG TanksCylinders market size was estimated at USD 1373.99 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.55% during the forecast period.

This report provides a deep insight into the global Compressed Natural Gas CNG TanksCylinders market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Compressed Natural Gas CNG TanksCylinders Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Compressed Natural Gas CNG TanksCylinders market in any manner.

Global Compressed Natural Gas CNG TanksCylinders Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Hexagon Composites ASA

Luxfer Group

Worthington Industries

Avanco Group

Sinomatech

Everest Kanto Cylinders

Beijing Tianhai Industry

Rama Cylinders

Quantum Technologies

Faber Industrie

CIMC ENRIC

Market Segmentation (by Type)

Metals

Glass Fiber

Carbon Fiber

Market Segmentation (by Application)

Light Duty Vehicles (LDVs)

Medium Duty Vehicles (MDVs)

Heavy Duty Vehicles (HDVs)

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Compressed Natural Gas CNG TanksCylinders Market

Overview of the regional outlook of the Compressed Natural Gas CNG TanksCylinders Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Compressed Natural Gas CNG TanksCylinders Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Compressed Natural Gas CNG TanksCylinders, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

153 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Compressed Natural Gas Cng Tankscylinders
1.2 Key Market Segments
1.2.1 Compressed Natural Gas Cng Tankscylinders Segment By Type
1.2.2 Compressed Natural Gas Cng Tankscylinders Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Compressed Natural Gas Cng Tankscylinders Market Overview
2.1 Global Market Overview
2.1.1 Global Compressed Natural Gas Cng Tankscylinders Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Compressed Natural Gas Cng Tankscylinders Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Compressed Natural Gas Cng Tankscylinders Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Compressed Natural Gas Cng Tankscylinders Product Life Cycle
3.3 Global Compressed Natural Gas Cng Tankscylinders Sales By Manufacturers (2020-2025)
3.4 Global Compressed Natural Gas Cng Tankscylinders Revenue Market Share By Manufacturers (2020-2025)
3.5 Compressed Natural Gas Cng Tankscylinders Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Compressed Natural Gas Cng Tankscylinders Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Compressed Natural Gas Cng Tankscylinders Market Competitive Situation And Trends
3.8.1 Compressed Natural Gas Cng Tankscylinders Market Concentration Rate
3.8.2 Global 5 And 10 Largest Compressed Natural Gas Cng Tankscylinders Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Compressed Natural Gas Cng Tankscylinders Industry Chain Analysis
4.1 Compressed Natural Gas Cng Tankscylinders Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Compressed Natural Gas Cng Tankscylinders Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Compressed Natural Gas Cng Tankscylinders Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Compressed Natural Gas Cng Tankscylinders Market
5.7 Esg Ratings Of Leading Companies
6 Compressed Natural Gas Cng Tankscylinders Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Compressed Natural Gas Cng Tankscylinders Sales Market Share By Type (2020-2025)
6.3 Global Compressed Natural Gas Cng Tankscylinders Market Size Market Share By Type (2020-2025)
6.4 Global Compressed Natural Gas Cng Tankscylinders Price By Type (2020-2025)
7 Compressed Natural Gas Cng Tankscylinders Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Compressed Natural Gas Cng Tankscylinders Market Sales By Application (2020-2025)
7.3 Global Compressed Natural Gas Cng Tankscylinders Market Size (M Usd) By Application (2020-2025)
7.4 Global Compressed Natural Gas Cng Tankscylinders Sales Growth Rate By Application (2020-2025)
8 Compressed Natural Gas Cng Tankscylinders Market Sales By Region
8.1 Global Compressed Natural Gas Cng Tankscylinders Sales By Region
8.1.1 Global Compressed Natural Gas Cng Tankscylinders Sales By Region
8.1.2 Global Compressed Natural Gas Cng Tankscylinders Sales Market Share By Region
8.2 Global Compressed Natural Gas Cng Tankscylinders Market Size By Region
8.2.1 Global Compressed Natural Gas Cng Tankscylinders Market Size By Region
8.2.2 Global Compressed Natural Gas Cng Tankscylinders Market Size Market Share By Region
8.3 North America
8.3.1 North America Compressed Natural Gas Cng Tankscylinders Sales By Country
8.3.2 North America Compressed Natural Gas Cng Tankscylinders Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Compressed Natural Gas Cng Tankscylinders Sales By Country
8.4.2 Europe Compressed Natural Gas Cng Tankscylinders Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Compressed Natural Gas Cng Tankscylinders Sales By Region
8.5.2 Asia Pacific Compressed Natural Gas Cng Tankscylinders Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Compressed Natural Gas Cng Tankscylinders Sales By Country
8.6.2 South America Compressed Natural Gas Cng Tankscylinders Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Compressed Natural Gas Cng Tankscylinders Sales By Region
8.7.2 Middle East And Africa Compressed Natural Gas Cng Tankscylinders Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Compressed Natural Gas Cng Tankscylinders Market Production By Region
9.1 Global Production Of Compressed Natural Gas Cng Tankscylinders By Region(2020-2025)
9.2 Global Compressed Natural Gas Cng Tankscylinders Revenue Market Share By Region (2020-2025)
9.3 Global Compressed Natural Gas Cng Tankscylinders Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Compressed Natural Gas Cng Tankscylinders Production
9.4.1 North America Compressed Natural Gas Cng Tankscylinders Production Growth Rate (2020-2025)
9.4.2 North America Compressed Natural Gas Cng Tankscylinders Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Compressed Natural Gas Cng Tankscylinders Production
9.5.1 Europe Compressed Natural Gas Cng Tankscylinders Production Growth Rate (2020-2025)
9.5.2 Europe Compressed Natural Gas Cng Tankscylinders Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Compressed Natural Gas Cng Tankscylinders Production (2020-2025)
9.6.1 Japan Compressed Natural Gas Cng Tankscylinders Production Growth Rate (2020-2025)
9.6.2 Japan Compressed Natural Gas Cng Tankscylinders Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Compressed Natural Gas Cng Tankscylinders Production (2020-2025)
9.7.1 China Compressed Natural Gas Cng Tankscylinders Production Growth Rate (2020-2025)
9.7.2 China Compressed Natural Gas Cng Tankscylinders Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Hexagon Composites Asa
10.1.1 Hexagon Composites Asa Basic Information
10.1.2 Hexagon Composites Asa Compressed Natural Gas Cng Tankscylinders Product Overview
10.1.3 Hexagon Composites Asa Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.1.4 Hexagon Composites Asa Business Overview
10.1.5 Hexagon Composites Asa Swot Analysis
10.1.6 Hexagon Composites Asa Recent Developments
10.2 Luxfer Group
10.2.1 Luxfer Group Basic Information
10.2.2 Luxfer Group Compressed Natural Gas Cng Tankscylinders Product Overview
10.2.3 Luxfer Group Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.2.4 Luxfer Group Business Overview
10.2.5 Luxfer Group Swot Analysis
10.2.6 Luxfer Group Recent Developments
10.3 Worthington Industries
10.3.1 Worthington Industries Basic Information
10.3.2 Worthington Industries Compressed Natural Gas Cng Tankscylinders Product Overview
10.3.3 Worthington Industries Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.3.4 Worthington Industries Business Overview
10.3.5 Worthington Industries Swot Analysis
10.3.6 Worthington Industries Recent Developments
10.4 Avanco Group
10.4.1 Avanco Group Basic Information
10.4.2 Avanco Group Compressed Natural Gas Cng Tankscylinders Product Overview
10.4.3 Avanco Group Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.4.4 Avanco Group Business Overview
10.4.5 Avanco Group Recent Developments
10.5 Sinomatech
10.5.1 Sinomatech Basic Information
10.5.2 Sinomatech Compressed Natural Gas Cng Tankscylinders Product Overview
10.5.3 Sinomatech Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.5.4 Sinomatech Business Overview
10.5.5 Sinomatech Recent Developments
10.6 Everest Kanto Cylinders
10.6.1 Everest Kanto Cylinders Basic Information
10.6.2 Everest Kanto Cylinders Compressed Natural Gas Cng Tankscylinders Product Overview
10.6.3 Everest Kanto Cylinders Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.6.4 Everest Kanto Cylinders Business Overview
10.6.5 Everest Kanto Cylinders Recent Developments
10.7 Beijing Tianhai Industry
10.7.1 Beijing Tianhai Industry Basic Information
10.7.2 Beijing Tianhai Industry Compressed Natural Gas Cng Tankscylinders Product Overview
10.7.3 Beijing Tianhai Industry Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.7.4 Beijing Tianhai Industry Business Overview
10.7.5 Beijing Tianhai Industry Recent Developments
10.8 Rama Cylinders
10.8.1 Rama Cylinders Basic Information
10.8.2 Rama Cylinders Compressed Natural Gas Cng Tankscylinders Product Overview
10.8.3 Rama Cylinders Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.8.4 Rama Cylinders Business Overview
10.8.5 Rama Cylinders Recent Developments
10.9 Quantum Technologies
10.9.1 Quantum Technologies Basic Information
10.9.2 Quantum Technologies Compressed Natural Gas Cng Tankscylinders Product Overview
10.9.3 Quantum Technologies Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.9.4 Quantum Technologies Business Overview
10.9.5 Quantum Technologies Recent Developments
10.10 Faber Industrie
10.10.1 Faber Industrie Basic Information
10.10.2 Faber Industrie Compressed Natural Gas Cng Tankscylinders Product Overview
10.10.3 Faber Industrie Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.10.4 Faber Industrie Business Overview
10.10.5 Faber Industrie Recent Developments
10.11 Cimc Enric
10.11.1 Cimc Enric Basic Information
10.11.2 Cimc Enric Compressed Natural Gas Cng Tankscylinders Product Overview
10.11.3 Cimc Enric Compressed Natural Gas Cng Tankscylinders Product Market Performance
10.11.4 Cimc Enric Business Overview
10.11.5 Cimc Enric Recent Developments
11 Compressed Natural Gas Cng Tankscylinders Market Forecast By Region
11.1 Global Compressed Natural Gas Cng Tankscylinders Market Size Forecast
11.2 Global Compressed Natural Gas Cng Tankscylinders Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Compressed Natural Gas Cng Tankscylinders Market Size Forecast By Country
11.2.3 Asia Pacific Compressed Natural Gas Cng Tankscylinders Market Size Forecast By Region
11.2.4 South America Compressed Natural Gas Cng Tankscylinders Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Compressed Natural Gas Cng Tankscylinders By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Compressed Natural Gas Cng Tankscylinders Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Compressed Natural Gas Cng Tankscylinders By Type (2026-2033)
12.1.2 Global Compressed Natural Gas Cng Tankscylinders Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Compressed Natural Gas Cng Tankscylinders By Type (2026-2033)
12.2 Global Compressed Natural Gas Cng Tankscylinders Market Forecast By Application (2026-2033)
12.2.1 Global Compressed Natural Gas Cng Tankscylinders Sales (K Units) Forecast By Application
12.2.2 Global Compressed Natural Gas Cng Tankscylinders Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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