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Growth Opportunities in the Global CNG Tank Market

Growth Opportunities in the Global CNG Tank Market

The global CNG tank market looks attractive with opportunities in automotive and bulk transportation applications. The global CNG tank market is expected to reach an estimated $1.3 billion by 2022 and grow at a CAGR of 5.1% from 2017 to 2022. The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and lower cost of natural gas than gasoline and diesel. 

Emerging trends, which have a direct impact on the dynamics of the industry, include the increase in green fleet and development of type V tanks. 


1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Markets Served
2.2.1: Automotive
Light-Duty Vehicles
Heavy-Duty Vehicles
2.2.2: Bulk Transportation Tanks
2.3: Supply Chain
2.4: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2011 to 2022
3.1: Macroeconomic Trends and Forecast
3.2: Global CNG Tank Market Trends and Forecast
3.3: Global CNG Tank Market by Application
3.3.1: Automotive CNG Tank Market
3.3.1.1: By Tank Type
3.3.1.2: By Vehicle Type
3.3.2: Bulk Transportation CNG Tank Market
3.3.2.1: By Tank Type
3.4: Global CNG Tank Market by Tank Type
3.4.1: Type I Tanks
3.4.2: Type II Tanks
3.4.3: Type III Tanks
3.4.4: Type IV Tanks
3.5: Global CNG Tank Type by Material Consumption
3.5.1: Glass Fiber Composites
3.5.2: Carbon Fiber Composite
3.5.3: Metal
 
4. Market Trends and Forecast Analysis by Region
4.1: Global CNG Tank Market by Region
4.2: North American CNG Tank Market
4.2.1: United States CNG Tank Market
4.3: European CNG Tank Market
4.3.1: Italian CNG Tank Market
4.4: APAC CNG Tank Market
4.4.1: Chinese CNG Tank Market
4.4.2: Indian CNG Tank Market
4.4.3: Thai CNG Tank Market
4.5: ROW CNG Tank Market
4.5.1: Iranian CNG Tank Market
4.5.2: Pakistani CNG Tank Market
4.5.3: Argentinian CNG Tank Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global CNG Tank Market by Application
6.1.2: Growth Opportunities for the Global CNG Tank Market by Tank Type
6.1.3: Growth Opportunities for the Global CNG Tank Market by Region
6.2: Emerging Trends in the Global CNG Tank Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global CNG Tank Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global CNG Tank Market
6.3.4: Certification
 
7. Company Profiles of Leading Players
7.1: Faber Industrie S. p. A.
7.2: Hexagon Composites ASA
7.3: Luxfer Gas Cylinder
7.4: Faber Industrie  S. p. A.
7.5: Beijing Tianhai Industry Co. Ltd
7.6: Worthington Cylinders GmbH
7.7: Quantum Fuel System Technologies
7.8: Everest Kanto Cylinder Ltd
7.9: Zhongyou Tongyong Luxi Natural Gas Equipment Co., Ltd
7.10: FIBA Technologies Inc.
7.11: CIMC Enric Holdings Limited
7.12: Sinoma Science & Technology(SuZhou) co. Ltd
 
List of Figures
 
Chapter 2. Market Background and Classifications
Figure 2.1: Types of CNG Tanks for the Automotive/Bulk Transportation Industry
Figure 2.2: Typical Weight Range for 200 Bar Cylinders (Source: US DOT)
Figure 2.3: Steel CNG Fuel Tank for Vehicles (Source: Global Bridge International)
Figure 2.4: Fiber Reinforced CNG Tank (Source: Luxfer Gas Cylinders)
Figure 2.5: Type-II Aluminum Composite Fuel Tank (Source: BTIC)
Figure 2.6: Carbon Fiber Composite CNG Fuel Type-III Tank (Source: Luxfer)
Figure 2.7: Sun Bus Loaded with 12 Type-IV CNG Fuel Tanks Mounted on Bus Roof (Source: Quantum Fuel System LLC)
Figure 2.8: Composite Tanks with Safety Valves and Fittings (Source: Luxfer)
Figure 2.9: Hydraulic Pressure Cycle Testing in CNG Tank (Source: Powertech Labs)
Figure 2.10: CNG Permeation Test in CNG Type-IV Tank (Source: Powertech Labs)
Figure 2.11: Historic CNG Vehicle and Equipment
Figure 2.12: 1932 Chrysler “Ironsides” Powered by a Mogas Natural Gas System
Figure 2.13: Toyota Camry Natural Gas Hybrid CNG Vehicle
Figure 2.14: A CNG-Fueled Taxi in India
 Figure 2.15: 2007 Honda Civic GX with a 4-Cylinder Engine that Runs on CNG
Figure 2.16: Iveco Stralis CNG Waste Disposal Truck
Figure 2.17: Renault CNG Gas Truck
Figure 2.18: Mercedes-Benz Econic Refuels from a Biogas Dispenser
Figure 2.19: Mercedes-Benz Urban Bus -- the Citaro CNG
Figure 2.20: CNG Tube Trailer (Source: FIBA Technologies)
Figure 2.21: CNG Tube Trailer (Source: Hexagon composites)
Figure 2.22: CNG Cascades (Source: CNSG Banner Energy Tech Co., Ltd.)
Figure 2.23: Supply Chain of the CNG Tank Market (Source: Lucintel)
Figure 2.24: Major Drivers and Challenges for the Global CNG Tank Market
 
Chapter 3. Market Trends and Forecast Analysis from 2011 to 2022
Figure 3.1: Cumulative Trends of the Global Natural Gas Vehicles (2011-2016)
Figure 3.2: Annual Trends of the Global Natural Gas Vehicles (2011-2016)
Figure 3.3: Top Five NGV Populated Countries in 2016
Figure 3.4: Trends of Price for Gasoline, Natural Gas, and Crude Oil in the US (2011-2016)
Figure 3.5: Cumulative Forecast for Global Natural Gas Vehicles (2017-2022)
Figure 3.6: Annual Forecast for Global Natural Gas Vehicles (2017-2022)
Figure 3.7: Price Forecast for Natural Gas vs Crude Oil (2017-2022)
Figure 3.8: Trends and Forecast for the Global CNG Tank Market (2011-2022)
Figure 3.9: Trends of the Global CNG Tank Market ($M) by Application (2011-2016)
Figure 3.10: Forecast for the Global CNG Tank Market ($M) by Application (2017-2022)
Figure 3.11: Trends of the Global CNG Tank Market (Thousand Units) by Application (2011-2016)
Figure 3.12: Forecast for the Global CNG Tank Market (Thousand Units) by Application (2017-2022)
Figure 3.13: Trends and Forecast for the Global Automotive CNG Tank Market (2011-2022)
Figure 3.14: Trends of the Global Automotive CNG Tank Market ($M) by Tank Type (2011-2016)
Figure 3.15: Forecast for the Global Automotive CNG Tank Market ($M) by Tank Type (2017 -2022)
Figure 3.16: Trends of Global Automotive CNG Tank Market (Thousand Units) by Tank Type (2011-2016)
Figure 3.17: Forecast for Global Automotive CNG Tank Market (Thousand Units) by Tank Type (2017- 2022)
Figure 3.18: Trends of the Global Automotive CNG Tank Market ($M) by Vehicle Type (2011-2016)
Figure 3.19: Forecast for the Global Automotive CNG Tank Market ($M) by Vehicle Type (2017-2022)
Figure 3.20: Trends of the Global Automotive CNG Tank Market (Thousand Units) by Vehicle Type (2011-2016)
Figure 3.21: Forecast for the Global Automotive CNG Tank Market (Thousand Units) by Vehicle Type (2017-2022)
Figure 3.22: Trends and Forecast for the Global Bulk Transportation CNG Tank Market (2011-2022)
Figure 3.23: Trends of the Global Bulk Transportation CNG Tank Market ($M) by Tank Type (2011-2016)
Figure 3.24: Forecast for the Global Bulk Transportation CNG Tank Market ($M) by Tank Type (2017 -2022)
Figure 3.25: Trends of the Global Bulk Transportation CNG Tank Market (Thousand Units) by Tank Type (2011-2016)
Figure 3.26 Forecast for the Global Bulk Transportation CNG Tank Market (Thousand Units) by Tank Type (2017- 2022)
Figure 3.27: Trends of the Global CNG Tank Market ($M) by Tank Type (2011-2016)
Figure 3.28: Forecast for the Global CNG Tank Market ($M) by Tank Type (2017-2022)
Figure 3.29: Trends of the Global CNG Tank Market (Thousand Units) by Tank Type (2011-2016)
Figure 3.30: Forecast for the Global CNG Tank Market (Thousand Units) by Tank Type (2017-2022)
Figure 3.31: Trends and Forecast for the Global Type I CNG Tank Market (2011-2022)
Figure 3.32: Trends and Forecast for the Global Type II CNG Tank Market (2011-2022)
Figure 3.33: Trends and Forecast for the Global Type III CNG Tank Market (2011-2022)
Figure 3.34: Trends and Forecast for the Global Type IV CNG Tank Market (2011-2022)
Figure 3.35: Trends and Forecast for Material Consumption in the Global CNG Tank Market (2011-2022)
Figure 3.36: Trends and Forecast for Glass Fiber Composite Materials in the Global CNG Tank Market (2011-2022)
Figure 3.37: Trends and Forecast for Carbon Fiber Composite Materials in the Global CNG Tank Market (2011-2022)
Figure 3.38: Trends and Forecast for Metal and Other Materials in the Global CNG Tank Market (2011-2022)
 
Chapter 4. Market Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Global CNG Tank Market ($M) by Region (2011-2016)
Figure 4.2: Forecast for the Global CNG Tank Market ($M) by Region (2017-2022)
Figure 4.3: Trends of the Global CNG Tank Market (‘000 Units) by Region (2011-2016)
Figure 4.4: Forecast for the Global CNG Tank Market (‘000 Units) by Region (2017-2022)
Figure 4.5: Trends and Forecast for the North American CNG Tank Market (2011-2022)
Figure 4.6: Trends and Forecast for the European CNG Tank Market (2011-2022)
Figure 4.7: Trends and Forecast for the APAC CNG Tank Market (2011-2022)
Figure 4.8: Trends and Forecast for the ROW CNG Tank Market (2011-2022)
 
Chapter 5. Competitor Analysis
Figure 5.1: Market Share Analysis of the Global CNG Tank Market in 2016
Figure 5.2: Market Share Analysis of the Global Automotive CNG Tank Market in 2016
Figure 5.3: Market Share Analysis of the Global Bulk Transportation CNG Tank Market in 2016
Figure 5.4: Market Share Analysis of the Top Five Players in the Global CNG Tank Market in 2016
Figure 5.5: Headquarter Locations of Major CNG Tank Manufacturers
Figure 5.6: Porter’s Five Forces Model for the Global CNG Tank Market
 
Chapter 6. Growth Opportunities and Strategic Analysis
Figure 6.1: Growth Opportunities for the Global CNG Tank Market by Application
Figure 6.2: Growth Opportunities for the Global CNG Tank Market by Tank Type
Figure 6.3: Growth Opportunities for the Global CNG Tank Market by Region
Figure 6.4: Emerging Trends in the Global CNG Tank Market (Source: Lucintel)
Figure 6.5: KIBOKO Linerless Composite CNG Pressure Vessel
Figure 6.6: Strategic Initiatives by Major Competitor in the Global CNG Tank Market
Figure 6.7: Major Capacity Expansions in the Global CNG Tank Market
 
Chapter 7. Company Profiles of Leading Players
Figure 7.1: Headquarter Location of Faber Industrie  S.p.A.
Figure 7.2: Major Plant Locations of Hexagon Composites (CNG tanks)
Figure 7.3: Major Plant Locations of Luxfer Gas Cylinders
Figure 7.4: Headquarter Location of Faber Industrie  S.p.A.
Figure 7.5: Major Plant Location of BTIC
Figure 7.6: Major Plant Locations of Worthington Cylinders GmbH
Figure 7.7: Major Plant Location of Quantum Fuel System LLC
Figure 7.8: Major Plant Locations of Everest Kanto Cylinder Ltd.
Figure 7.9: Headquater Location of Zhongyou Tongyong Luxi Natural Gas Equipment Co., Ltd. Business
Figure 7.10: Major Plant Location of FIBA Technologies
Figure 7.11: Major Plant Location of CIMC Enric Holding Ltd.
Figure 7.12: Headquarter Location of Sinoma Science & Technology (Suzhou) Co., Ltd.
 
List of Tables
 
Chapter 1. Executive Summary
Table 1.1: Global CNG Tank Market Parameters and Attributes
 
Chapter 2. Market Background and Classifications
Table 2.1: Comparative Data of CNG Tanks Used for Automotive Applications
Table 2.2: Presence of Competing Materials across Different Types of Tanks
 
Chapter 3. Market Trends and Forecast Analysis from 2011 to 2022
Table 3.1: Market Trends of the Global CNG Tank Market (2011-2016)
Table 3.2: Market Forecast for the Global CNG Tank Market (2017-2022)
Table 3.3: Market Size and CAGR of Various Applications in the Global CNG Tank Market by Value (2011-2016)
Table 3.4: Market Size and CAGR of Various Applications in the Global CNG Tank Market by Value (2017-2022)
Table 3.5: Market Size and CAGR of Various Applications in the Global CNG Tank Market by Volume (2011-2016)
Table 3.6: Market Size and CAGR of Various Applications in the Global CNG Tank Market by Volume (2017-2022)
Table 3.7: Market Trends of the Global Automotive CNG Tank Market (2011-2016)
Table 3.8: Market Forecast for the Global Automotive CNG Tank Market (2017-2022)
Table 3.9: Market Size and CAGR of Various Tank Types in the Global Automotive CNG Tank Market by Value (2011-2016)
Table 3.10: Market Size and CAGR of Various Tank Types in the Global Automotive CNG Tank Market by Value (2017-2022)
Table 3.11: Market Size and CAGR of Various Tank Types in the Global Automotive CNG Tank Market by Volume (2011-2016)
Table 3.12: Market Size and CAGR of Various Tank Types in the Global Automotive CNG Tank Market by Volume (2017-2022)
Table 3.13: Market Size and CAGR of Various Vehicle Types in the Global Automotive CNG Tank Market by Value (2011-2016)
Table 3.14: Market Size and CAGR of Various Vehicle Types in the Global Automotive CNG Tank Market by Value (2017-2022)
Table 3.15: Market Size and CAGR of Various Vehicle Types in the Global Automotive CNG Tank Market by Volume (2011-2016)
Table 3.16: Market Size and CAGR of Various Vehicle Types in the Global Automotive CNG Tank Market by Volume (2017-2022)
Table 3.17: Market Trends of the Global Bulk Transportation CNG Tank Market (2011-2016)
Table 3.18: Market Forecast for the Global Bulk Transportation CNG Tank Market (2017-2022)
Table 3.19: Market Size and CAGR of Various Tank Types in the Global Bulk Transportation CNG Tank Market by Value (2011-2016)
Table 3.20: Market Size and CAGR of Various Tank Types in the Global Bulk Transportation CNG Tank Market by Value (2017-2022)
Table 3.21: Market Size and CAGR of Various Tank Types in the Global Bulk Transportation CNG Tank Market by Volume (2011-2016)
Table 3.22: Market Size and CAGR of Various Tank Types in the Global Bulk Transportation CNG Tank Market by Volume (2017-2022)
Table 3.23: Market Size and CAGR of Various Tank Types in the Global CNG Tank Market by Value (2011-2016)
Table 3.24: Market Size and CAGR of Various Tank Types in the Global CNG Tank Market by Value (2017-2022)
Table 3.25: Market Size and CAGR of Various Tank Types in the Global CNG Tank Market by Volume (2011-2016)
Table 3.26: Market Size and CAGR of Various Tank Types in the Global CNG Tank Market by Volume (2017-2022)
Table 3.27: Market Trends of the Global Type I CNG Tank Market (2011-2016)
Table 3.28: Market Forecast for the Global Type I CNG Tank Market (2017-2022)
Table 3.29: Market Trends of the Global Type II CNG Tank Market (2011-2016)
Table 3.30: Market Forecast for the Global Type II CNG Tank Market (2017-2022)
Table 3.31: Market Trends of the Global Type III CNG Tank Market (2011-2016)
Table 3.32: Market Forecast for the Global Type III CNG Tank Market (2017-2022)
Table 3.33: Market Trends of the Global Type IV CNG Tank Market (2011-2016)
Table 3.34: Market Forecast for the Global Type IV CNG Tank Market (2017-2022)
Table 3.35: Market Trends of Material Consumption in the Global CNG Tank Market (2011-2016)
Table 3.36: Market Forecast for Material Consumption in the Global CNG Tank Market (2017-2022)
Table 3.37: Market Trends of Glass Fiber Composite Materials in the Global CNG Tank Market (2011-2016)
Table 3.38: Market Forecast for Glass Fiber Composite Materials in the Global CNG Tank Market (2017-2022)
Table 3.39: Market Trends of Carbon Fiber Composite Materials in the Global CNG Tank Market (2011-2016)
Table 3.40: Market Forecast for Carbon Fiber Composite Materials in the Global CNG Tank Market (2017-2022)
Table 3.41: Market Trends of Metal and Other Materials in the Global CNG Tank Market (2011-2016)
Table 3.42: Market Forecast for Metal and Other Materials in the Global CNG Tank Market (2017-2022)
 
Chapter 4. Market Trends and Forecast Analysis by Region
Table 4.1: Market Size and CAGR of Various Regions of the Global CNG Tank Market by Value (2011-2016)
Table 4.2: Market Size and CAGR of Various Regions of the Global CNG Tank Market by Value (2017-2022)
Table 4.3: Market Size and CAGR of Various Regions of the Global CNG Tank Market by Volume (2011-2016)
Table 4.4: Market Size and CAGR of Various Regions of the Global HVAC Insulation Market by Volume (2016-2021)
Table 4.5: Market Trends of the North American CNG Tank Market (2011-2016)
Table 4.6: Market Forecast for the North American CNG Tank Market (2017-2022)
Table 4.7: Market Trends of the European CNG Tank Market (2011-2022)
Table 4.8: Market Forecast for the European CNG Tank Market (2017-2022)
Table 4.9: Market Trends of the Asia-Pacific CNG Tank Market (2011-2022)
Table 4.10: Market Forecast for the APAC CNG Tank Market (2017-2022)
Table 4.11: Market Trends of the ROW CNG Tank Market (2011-2016)
Table 4.12: Market Forecast for the ROW CNG Tank Market (2017-2022)
 
Chapter 5. Competitor Analysis
Table 5.1: Market Presence of Major CNG Tank Players by Application
Table 5.2: Product Details of CNG Tank Manufacturers
Table 5.3: Product Mapping of CNG Tank Manufacturers Based on Type of Tank
Table 5.4: Product Mapping of Automotive CNG Tank Manufacturers by Vehicle Type
Table 5.5: Rankings of Suppliers Based on Revenue of the Global CNG Tank Market
Table 5.6: Rankings of Suppliers Based on Revenue of the Automotive CNG Tank Market
Table 5.7: Rankings of Suppliers Based on Revenue of the Bulk Transportation CNG Tank Market
Table 5.8: Presence of CNG Tank Manufacturers across the Value Chain
 
Chapter 6. Growth Opportunities and Strategic Analysis
Table 6.1: New Product Launches by Major CNG Tank Producers for the Automotive Industry (2011-2016) (Source: Lucintel)
Table 6.2: New Product Launches by Major CNG Tank Producers for Bulk Transportation
Table 6.3: Certification Acquired by Major Competitors in the Global CNG Tank Market
 

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