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CNG Cylinders-Global Market Insights and Sales Trends 2025
Synopsis
The global CNG Cylinders market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of CNG Cylinders in various end use industries. The expanding demands from the Light Duty Vehicles, Medium Duty Vehicles and Heavy Duty Vehicles,, are propelling CNG Cylinders market. Metal CNG Cylinders, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Glass Fiber CNG Cylinders segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for CNG Cylinders market, driven by demand from China, the second largest economy with some signs of stabilising, the CNG Cylinders market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CNG Cylinders, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CNG Cylinders market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CNG Cylinders market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG Cylinders sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CNG Cylinders covered in this report include Worthington Industries, Luxfer, Hexagon, Quantum Fuel Systems, Everest Kanto Cylinders, Praxair, Avanco Group, Beijing Tianhai Industry and Lianyungang Zhongfu Lianzhong Composites Group, etc.
The global CNG Cylinders market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Worthington Industries
Luxfer
Hexagon
Quantum Fuel Systems
Everest Kanto Cylinders
Praxair
Avanco Group
Beijing Tianhai Industry
Lianyungang Zhongfu Lianzhong Composites Group
Faber
Ullit
Global CNG Cylinders market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CNG Cylinders market, Segment by Type:
Metal CNG Cylinders
Glass Fiber CNG Cylinders
Carbon Fiber CNG Cylinders
Global CNG Cylinders market, by Application
Light Duty Vehicles
Medium Duty Vehicles
Heavy Duty Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of CNG Cylinders manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CNG Cylinders in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global CNG Cylinders market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of CNG Cylinders in various end use industries. The expanding demands from the Light Duty Vehicles, Medium Duty Vehicles and Heavy Duty Vehicles,, are propelling CNG Cylinders market. Metal CNG Cylinders, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Glass Fiber CNG Cylinders segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for CNG Cylinders market, driven by demand from China, the second largest economy with some signs of stabilising, the CNG Cylinders market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CNG Cylinders, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CNG Cylinders market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CNG Cylinders market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CNG Cylinders sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CNG Cylinders covered in this report include Worthington Industries, Luxfer, Hexagon, Quantum Fuel Systems, Everest Kanto Cylinders, Praxair, Avanco Group, Beijing Tianhai Industry and Lianyungang Zhongfu Lianzhong Composites Group, etc.
The global CNG Cylinders market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Worthington Industries
Luxfer
Hexagon
Quantum Fuel Systems
Everest Kanto Cylinders
Praxair
Avanco Group
Beijing Tianhai Industry
Lianyungang Zhongfu Lianzhong Composites Group
Faber
Ullit
Global CNG Cylinders market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CNG Cylinders market, Segment by Type:
Metal CNG Cylinders
Glass Fiber CNG Cylinders
Carbon Fiber CNG Cylinders
Global CNG Cylinders market, by Application
Light Duty Vehicles
Medium Duty Vehicles
Heavy Duty Vehicles
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of CNG Cylinders manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CNG Cylinders in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 CNG Cylinders Market Overview
1.1 CNG Cylinders Product Overview
1.2 CNG Cylinders Market Segment by Type
1.2.1 Metal CNG Cylinders
1.2.2 Glass Fiber CNG Cylinders
1.2.3 Carbon Fiber CNG Cylinders
1.3 Global CNG Cylinders Market Size by Type
1.3.1 Global CNG Cylinders Market Size Overview by Type (2018-2029)
1.3.2 Global CNG Cylinders Historic Market Size Review by Type (2018-2023)
1.3.3 Global CNG Cylinders Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America CNG Cylinders Sales Breakdown by Type (2018-2023)
1.4.2 Europe CNG Cylinders Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific CNG Cylinders Sales Breakdown by Type (2018-2023)
1.4.4 Latin America CNG Cylinders Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa CNG Cylinders Sales Breakdown by Type (2018-2023)
2 Global CNG Cylinders Market Competition by Company
2.1 Global Top Players by CNG Cylinders Sales (2018-2023)
2.2 Global Top Players by CNG Cylinders Revenue (2018-2023)
2.3 Global Top Players by CNG Cylinders Price (2018-2023)
2.4 Global Top Manufacturers CNG Cylinders Manufacturing Base Distribution, Sales Area, Product Type
2.5 CNG Cylinders Market Competitive Situation and Trends
2.5.1 CNG Cylinders Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by CNG Cylinders Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in CNG Cylinders as of 2022)
2.7 Date of Key Manufacturers Enter into CNG Cylinders Market
2.8 Key Manufacturers CNG Cylinders Product Offered
2.9 Mergers & Acquisitions, Expansion
3 CNG Cylinders Status and Outlook by Region
3.1 Global CNG Cylinders Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global CNG Cylinders Historic Market Size by Region
3.2.1 Global CNG Cylinders Sales in Volume by Region (2018-2023)
3.2.2 Global CNG Cylinders Sales in Value by Region (2018-2023)
3.2.3 Global CNG Cylinders Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global CNG Cylinders Forecasted Market Size by Region
3.3.1 Global CNG Cylinders Sales in Volume by Region (2024-2029)
3.3.2 Global CNG Cylinders Sales in Value by Region (2024-2029)
3.3.3 Global CNG Cylinders Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global CNG Cylinders by Application
4.1 CNG Cylinders Market Segment by Application
4.1.1 Light Duty Vehicles
4.1.2 Medium Duty Vehicles
4.1.3 Heavy Duty Vehicles
4.2 Global CNG Cylinders Market Size by Application
4.2.1 Global CNG Cylinders Market Size Overview by Application (2018-2029)
4.2.2 Global CNG Cylinders Historic Market Size Review by Application (2018-2023)
4.2.3 Global CNG Cylinders Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America CNG Cylinders Sales Breakdown by Application (2018-2023)
4.3.2 Europe CNG Cylinders Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific CNG Cylinders Sales Breakdown by Application (2018-2023)
4.3.4 Latin America CNG Cylinders Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa CNG Cylinders Sales Breakdown by Application (2018-2023)
5 North America CNG Cylinders by Country
5.1 North America CNG Cylinders Historic Market Size by Country
5.1.1 North America CNG Cylinders Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America CNG Cylinders Sales in Volume by Country (2018-2023)
5.1.3 North America CNG Cylinders Sales in Value by Country (2018-2023)
5.2 North America CNG Cylinders Forecasted Market Size by Country
5.2.1 North America CNG Cylinders Sales in Volume by Country (2024-2029)
5.2.2 North America CNG Cylinders Sales in Value by Country (2024-2029)
6 Europe CNG Cylinders by Country
6.1 Europe CNG Cylinders Historic Market Size by Country
6.1.1 Europe CNG Cylinders Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe CNG Cylinders Sales in Volume by Country (2018-2023)
6.1.3 Europe CNG Cylinders Sales in Value by Country (2018-2023)
6.2 Europe CNG Cylinders Forecasted Market Size by Country
6.2.1 Europe CNG Cylinders Sales in Volume by Country (2024-2029)
6.2.2 Europe CNG Cylinders Sales in Value by Country (2024-2029)
7 Asia-Pacific CNG Cylinders by Region
7.1 Asia-Pacific CNG Cylinders Historic Market Size by Region
7.1.1 Asia-Pacific CNG Cylinders Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific CNG Cylinders Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific CNG Cylinders Sales in Value by Region (2018-2023)
7.2 Asia-Pacific CNG Cylinders Forecasted Market Size by Region
7.2.1 Asia-Pacific CNG Cylinders Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific CNG Cylinders Sales in Value by Region (2024-2029)
8 Latin America CNG Cylinders by Country
8.1 Latin America CNG Cylinders Historic Market Size by Country
8.1.1 Latin America CNG Cylinders Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America CNG Cylinders Sales in Volume by Country (2018-2023)
8.1.3 Latin America CNG Cylinders Sales in Value by Country (2018-2023)
8.2 Latin America CNG Cylinders Forecasted Market Size by Country
8.2.1 Latin America CNG Cylinders Sales in Volume by Country (2024-2029)
8.2.2 Latin America CNG Cylinders Sales in Value by Country (2024-2029)
9 Middle East and Africa CNG Cylinders by Country
9.1 Middle East and Africa CNG Cylinders Historic Market Size by Country
9.1.1 Middle East and Africa CNG Cylinders Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa CNG Cylinders Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa CNG Cylinders Sales in Value by Country (2018-2023)
9.2 Middle East and Africa CNG Cylinders Forecasted Market Size by Country
9.2.1 Middle East and Africa CNG Cylinders Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa CNG Cylinders Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Worthington Industries
10.1.1 Worthington Industries Company Information
10.1.2 Worthington Industries Introduction and Business Overview
10.1.3 Worthington Industries CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Worthington Industries CNG Cylinders Products Offered
10.1.5 Worthington Industries Recent Development
10.2 Luxfer
10.2.1 Luxfer Company Information
10.2.2 Luxfer Introduction and Business Overview
10.2.3 Luxfer CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Luxfer CNG Cylinders Products Offered
10.2.5 Luxfer Recent Development
10.3 Hexagon
10.3.1 Hexagon Company Information
10.3.2 Hexagon Introduction and Business Overview
10.3.3 Hexagon CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Hexagon CNG Cylinders Products Offered
10.3.5 Hexagon Recent Development
10.4 Quantum Fuel Systems
10.4.1 Quantum Fuel Systems Company Information
10.4.2 Quantum Fuel Systems Introduction and Business Overview
10.4.3 Quantum Fuel Systems CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Quantum Fuel Systems CNG Cylinders Products Offered
10.4.5 Quantum Fuel Systems Recent Development
10.5 Everest Kanto Cylinders
10.5.1 Everest Kanto Cylinders Company Information
10.5.2 Everest Kanto Cylinders Introduction and Business Overview
10.5.3 Everest Kanto Cylinders CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Everest Kanto Cylinders CNG Cylinders Products Offered
10.5.5 Everest Kanto Cylinders Recent Development
10.6 Praxair
10.6.1 Praxair Company Information
10.6.2 Praxair Introduction and Business Overview
10.6.3 Praxair CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Praxair CNG Cylinders Products Offered
10.6.5 Praxair Recent Development
10.7 Avanco Group
10.7.1 Avanco Group Company Information
10.7.2 Avanco Group Introduction and Business Overview
10.7.3 Avanco Group CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Avanco Group CNG Cylinders Products Offered
10.7.5 Avanco Group Recent Development
10.8 Beijing Tianhai Industry
10.8.1 Beijing Tianhai Industry Company Information
10.8.2 Beijing Tianhai Industry Introduction and Business Overview
10.8.3 Beijing Tianhai Industry CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Beijing Tianhai Industry CNG Cylinders Products Offered
10.8.5 Beijing Tianhai Industry Recent Development
10.9 Lianyungang Zhongfu Lianzhong Composites Group
10.9.1 Lianyungang Zhongfu Lianzhong Composites Group Company Information
10.9.2 Lianyungang Zhongfu Lianzhong Composites Group Introduction and Business Overview
10.9.3 Lianyungang Zhongfu Lianzhong Composites Group CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Lianyungang Zhongfu Lianzhong Composites Group CNG Cylinders Products Offered
10.9.5 Lianyungang Zhongfu Lianzhong Composites Group Recent Development
10.10 Faber
10.10.1 Faber Company Information
10.10.2 Faber Introduction and Business Overview
10.10.3 Faber CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Faber CNG Cylinders Products Offered
10.10.5 Faber Recent Development
10.11 Ullit
10.11.1 Ullit Company Information
10.11.2 Ullit Introduction and Business Overview
10.11.3 Ullit CNG Cylinders Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Ullit CNG Cylinders Products Offered
10.11.5 Ullit Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 CNG Cylinders Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 CNG Cylinders Industrial Chain Analysis
11.4 CNG Cylinders Market Dynamics
11.4.1 CNG Cylinders Industry Trends
11.4.2 CNG Cylinders Market Drivers
11.4.3 CNG Cylinders Market Challenges
11.4.4 CNG Cylinders Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 CNG Cylinders Distributors
12.3 CNG Cylinders Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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