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Composite CNG Tanks-Global Market Insights and Sales Trends 2024
Synopsis
Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline (petrol), Diesel fuel and propane/LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above. It is safer than other fuels in the event of a spill, because natural gas is lighter than air and disperses quickly when released. CNG may be found above oil deposits, or may be collected from landfills or wastewater treatment plants where it is known as biogas.
The global Composite CNG Tanks 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 Composite CNG Tanks in various end use industries. The expanding demands from the Passenger Cars and Commercial Vehicles, are propelling Composite CNG Tanks market. Glass Fiber Composites, 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 Carbon Fiber Composites segment is estimated at % CAGR for the next seven-year period.
Heavy-duty vehicles are expected to generate a huge demand for composite CNG tanks, as many fleet operators are switching towards CNG-powered vehicles to reduce their operating cost.
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 Composite CNG Tanks, 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 Composite CNG Tanks 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 Composite CNG Tanks market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Composite CNG Tanks 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 Composite CNG Tanks covered in this report include Beijing Tianhai, Faber Industrie, Hexagon Composites, Luxfer Gas Cylinders, MCS International, Quantum Technologies and Xperion, etc.
The global Composite CNG Tanks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Beijing Tianhai
Faber Industrie
Hexagon Composites
Luxfer Gas Cylinders
MCS International
Quantum Technologies
Xperion
Global Composite CNG Tanks 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 Composite CNG Tanks market, Segment by Type:
Glass Fiber Composites
Carbon Fiber Composites
Global Composite CNG Tanks market, by Application
Passenger Cars
Commercial 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 Composite CNG Tanks manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Composite CNG Tanks 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.
Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline (petrol), Diesel fuel and propane/LPG. CNG combustion produces fewer undesirable gases than the fuels mentioned above. It is safer than other fuels in the event of a spill, because natural gas is lighter than air and disperses quickly when released. CNG may be found above oil deposits, or may be collected from landfills or wastewater treatment plants where it is known as biogas.
The global Composite CNG Tanks 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 Composite CNG Tanks in various end use industries. The expanding demands from the Passenger Cars and Commercial Vehicles, are propelling Composite CNG Tanks market. Glass Fiber Composites, 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 Carbon Fiber Composites segment is estimated at % CAGR for the next seven-year period.
Heavy-duty vehicles are expected to generate a huge demand for composite CNG tanks, as many fleet operators are switching towards CNG-powered vehicles to reduce their operating cost.
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 Composite CNG Tanks, 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 Composite CNG Tanks 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 Composite CNG Tanks market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Composite CNG Tanks 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 Composite CNG Tanks covered in this report include Beijing Tianhai, Faber Industrie, Hexagon Composites, Luxfer Gas Cylinders, MCS International, Quantum Technologies and Xperion, etc.
The global Composite CNG Tanks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Beijing Tianhai
Faber Industrie
Hexagon Composites
Luxfer Gas Cylinders
MCS International
Quantum Technologies
Xperion
Global Composite CNG Tanks 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 Composite CNG Tanks market, Segment by Type:
Glass Fiber Composites
Carbon Fiber Composites
Global Composite CNG Tanks market, by Application
Passenger Cars
Commercial 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 Composite CNG Tanks manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Composite CNG Tanks 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 Composite CNG Tanks Market Overview
1.1 Composite CNG Tanks Product Overview
1.2 Composite CNG Tanks Market Segment by Type
1.2.1 Glass Fiber Composites
1.2.2 Carbon Fiber Composites
1.3 Global Composite CNG Tanks Market Size by Type
1.3.1 Global Composite CNG Tanks Market Size Overview by Type (2018-2029)
1.3.2 Global Composite CNG Tanks Historic Market Size Review by Type (2018-2023)
1.3.3 Global Composite CNG Tanks Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Composite CNG Tanks Sales Breakdown by Type (2018-2023)
1.4.2 Europe Composite CNG Tanks Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Composite CNG Tanks Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Composite CNG Tanks Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Composite CNG Tanks Sales Breakdown by Type (2018-2023)
2 Global Composite CNG Tanks Market Competition by Company
2.1 Global Top Players by Composite CNG Tanks Sales (2018-2023)
2.2 Global Top Players by Composite CNG Tanks Revenue (2018-2023)
2.3 Global Top Players by Composite CNG Tanks Price (2018-2023)
2.4 Global Top Manufacturers Composite CNG Tanks Manufacturing Base Distribution, Sales Area, Product Type
2.5 Composite CNG Tanks Market Competitive Situation and Trends
2.5.1 Composite CNG Tanks Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Composite CNG Tanks 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 Composite CNG Tanks as of 2022)
2.7 Date of Key Manufacturers Enter into Composite CNG Tanks Market
2.8 Key Manufacturers Composite CNG Tanks Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Composite CNG Tanks Status and Outlook by Region
3.1 Global Composite CNG Tanks Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Composite CNG Tanks Historic Market Size by Region
3.2.1 Global Composite CNG Tanks Sales in Volume by Region (2018-2023)
3.2.2 Global Composite CNG Tanks Sales in Value by Region (2018-2023)
3.2.3 Global Composite CNG Tanks Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Composite CNG Tanks Forecasted Market Size by Region
3.3.1 Global Composite CNG Tanks Sales in Volume by Region (2024-2029)
3.3.2 Global Composite CNG Tanks Sales in Value by Region (2024-2029)
3.3.3 Global Composite CNG Tanks Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Composite CNG Tanks by Application
4.1 Composite CNG Tanks Market Segment by Application
4.1.1 Passenger Cars
4.1.2 Commercial Vehicles
4.2 Global Composite CNG Tanks Market Size by Application
4.2.1 Global Composite CNG Tanks Market Size Overview by Application (2018-2029)
4.2.2 Global Composite CNG Tanks Historic Market Size Review by Application (2018-2023)
4.2.3 Global Composite CNG Tanks Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Composite CNG Tanks Sales Breakdown by Application (2018-2023)
4.3.2 Europe Composite CNG Tanks Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Composite CNG Tanks Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Composite CNG Tanks Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Composite CNG Tanks Sales Breakdown by Application (2018-2023)
5 North America Composite CNG Tanks by Country
5.1 North America Composite CNG Tanks Historic Market Size by Country
5.1.1 North America Composite CNG Tanks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Composite CNG Tanks Sales in Volume by Country (2018-2023)
5.1.3 North America Composite CNG Tanks Sales in Value by Country (2018-2023)
5.2 North America Composite CNG Tanks Forecasted Market Size by Country
5.2.1 North America Composite CNG Tanks Sales in Volume by Country (2024-2029)
5.2.2 North America Composite CNG Tanks Sales in Value by Country (2024-2029)
6 Europe Composite CNG Tanks by Country
6.1 Europe Composite CNG Tanks Historic Market Size by Country
6.1.1 Europe Composite CNG Tanks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Composite CNG Tanks Sales in Volume by Country (2018-2023)
6.1.3 Europe Composite CNG Tanks Sales in Value by Country (2018-2023)
6.2 Europe Composite CNG Tanks Forecasted Market Size by Country
6.2.1 Europe Composite CNG Tanks Sales in Volume by Country (2024-2029)
6.2.2 Europe Composite CNG Tanks Sales in Value by Country (2024-2029)
7 Asia-Pacific Composite CNG Tanks by Region
7.1 Asia-Pacific Composite CNG Tanks Historic Market Size by Region
7.1.1 Asia-Pacific Composite CNG Tanks Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Composite CNG Tanks Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Composite CNG Tanks Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Composite CNG Tanks Forecasted Market Size by Region
7.2.1 Asia-Pacific Composite CNG Tanks Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Composite CNG Tanks Sales in Value by Region (2024-2029)
8 Latin America Composite CNG Tanks by Country
8.1 Latin America Composite CNG Tanks Historic Market Size by Country
8.1.1 Latin America Composite CNG Tanks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Composite CNG Tanks Sales in Volume by Country (2018-2023)
8.1.3 Latin America Composite CNG Tanks Sales in Value by Country (2018-2023)
8.2 Latin America Composite CNG Tanks Forecasted Market Size by Country
8.2.1 Latin America Composite CNG Tanks Sales in Volume by Country (2024-2029)
8.2.2 Latin America Composite CNG Tanks Sales in Value by Country (2024-2029)
9 Middle East and Africa Composite CNG Tanks by Country
9.1 Middle East and Africa Composite CNG Tanks Historic Market Size by Country
9.1.1 Middle East and Africa Composite CNG Tanks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Composite CNG Tanks Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Composite CNG Tanks Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Composite CNG Tanks Forecasted Market Size by Country
9.2.1 Middle East and Africa Composite CNG Tanks Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Composite CNG Tanks Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Beijing Tianhai
10.1.1 Beijing Tianhai Company Information
10.1.2 Beijing Tianhai Introduction and Business Overview
10.1.3 Beijing Tianhai Composite CNG Tanks Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Beijing Tianhai Composite CNG Tanks Products Offered
10.1.5 Beijing Tianhai Recent Development
10.2 Faber Industrie
10.2.1 Faber Industrie Company Information
10.2.2 Faber Industrie Introduction and Business Overview
10.2.3 Faber Industrie Composite CNG Tanks Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Faber Industrie Composite CNG Tanks Products Offered
10.2.5 Faber Industrie Recent Development
10.3 Hexagon Composites
10.3.1 Hexagon Composites Company Information
10.3.2 Hexagon Composites Introduction and Business Overview
10.3.3 Hexagon Composites Composite CNG Tanks Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Hexagon Composites Composite CNG Tanks Products Offered
10.3.5 Hexagon Composites Recent Development
10.4 Luxfer Gas Cylinders
10.4.1 Luxfer Gas Cylinders Company Information
10.4.2 Luxfer Gas Cylinders Introduction and Business Overview
10.4.3 Luxfer Gas Cylinders Composite CNG Tanks Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Luxfer Gas Cylinders Composite CNG Tanks Products Offered
10.4.5 Luxfer Gas Cylinders Recent Development
10.5 MCS International
10.5.1 MCS International Company Information
10.5.2 MCS International Introduction and Business Overview
10.5.3 MCS International Composite CNG Tanks Sales, Revenue and Gross Margin (2018-2023)
10.5.4 MCS International Composite CNG Tanks Products Offered
10.5.5 MCS International Recent Development
10.6 Quantum Technologies
10.6.1 Quantum Technologies Company Information
10.6.2 Quantum Technologies Introduction and Business Overview
10.6.3 Quantum Technologies Composite CNG Tanks Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Quantum Technologies Composite CNG Tanks Products Offered
10.6.5 Quantum Technologies Recent Development
10.7 Xperion
10.7.1 Xperion Company Information
10.7.2 Xperion Introduction and Business Overview
10.7.3 Xperion Composite CNG Tanks Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Xperion Composite CNG Tanks Products Offered
10.7.5 Xperion Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Composite CNG Tanks 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 Composite CNG Tanks Industrial Chain Analysis
11.4 Composite CNG Tanks Market Dynamics
11.4.1 Composite CNG Tanks Industry Trends
11.4.2 Composite CNG Tanks Market Drivers
11.4.3 Composite CNG Tanks Market Challenges
11.4.4 Composite CNG Tanks Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Composite CNG Tanks Distributors
12.3 Composite CNG Tanks 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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