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CNG Cylinders Market By Type (Type 1, Type 2, Type 3, Type 4), By Material (Metal, Glass Fiber, Carbon Fiber), By Application (Light Passenger Vehicles, Medium Duty/Heavy Duty (MD/HD) Buses, Medium Duty/Heavy Duty (MD/HD) Trucks) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

Published By: Brisk Insights | Published On: Apr 19, 2022

 

This report titled “CNG Cylinders Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the trends in CNG cylinders market along with the market size and forecast for the duration 2017 to 2025. The said research study incorporates in-depth analysis of multiple market segments based type, material, application and geographical distribution.

 

The global CNG cylinders market is becoming increasingly competitive with growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for CNG cylinders. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.

 

Based on type, the global CNG cylinders market is segmented as type 1, type 2, type 3 and type 4. By material, the global CNG market is segmented into metal, glass fiber and carbon fiber. On the basis of application, the global CNG cylinders market is categorized into light passenger vehicles, medium duty/heavy duty (MD/HD) buses, medium duty/heavy duty (MD/HD) trucks and others (Autos). In addition, CNG cylinders manufacturing companies, distributors and academic organizations form the major client types for CNG cylinders market. Market size (‘000 Units) (US$ Mn) and forecast for all the considered segmentation is presented in this report for the period 2015-2025 along with their respective CAGRs (%) for the forecast period 2017-2025.

 

In terms of geographical distribution, the global CNG cylinders market is a study for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global CNG cylinders market is performed as follows:

 

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • Rest of MEA

 

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global CNG cylinders market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of CNG cylinders.

 

Based on the type, the global CNG cylinders market is segmented as follows:

 

  • Type 1
  • Type 2
  • Type 3
  • Type 4

 

On the basis of type, the global CNG cylinders market can be segmented into type 1, type 2, type 3, and type 4. Type 1 accounted for the largest share in the global CNG cylinders market. Type 1 grade was estimated to be the largest segment among all types in global CNG cylinders market. Low cost coupled with easy availability of type 1 cylinders is anticipated to drive the growth of segment. Type 4 segment is anticipated to be the fastest growing segment. Increasing demand for light weight cylinders, anti-corrosive properties are projected to drive the growth of the segment during the forecast period (2017-2025).

 

Based on the application, the global CNG cylinders market is segmented as follows:

 

  • Light Passenger Vehicles
  • Medium duty/heavy duty (MD/HD) Buses
  • Medium duty/heavy duty (MD/HD) Trucks
  • Others (Autos)

 

On the basis of application, the global CNG cylinders market can be segmented into light passenger vehicles, medium duty/heavy duty (MD/HD) buses, medium duty/heavy duty (MD/HD) trucks and others (Autos). In 2016, light passenger vehicles was observed to be the largest application segment and is projected to maintain its dominance during the forecast period. Growth in number of passenger vehicles along with increasing adoption of compressed natural gas as alternative fuels is anticipated to spur the demand for CNG cylinders in passenger vehicles over the forecast period. Medium duty/heavy duty (MD/HD) buses segment to account for second largest share in global CNG cylinders market. Growing environmental concerns over the emission of greenhouse gases coupled with favorable regulatory policies to increase the adoption of CNG as fuel in public transport vehicles is expected to fuel the growth of the segment over the forecast period (2017-2025).

 

For the purpose of this study, the global CNG cylinders market is categorized into:

 

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

 

On the basis of geography, global CNG cylinders market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2016, Asia Pacific accounted for the largest share in global CNG cylinders market and also projected to witness robust growth during the forecast period. Increasing sales of automobiles driving the demand for fossil fuel which is influencing the demand for CNG which in turn is driving the demand for CNG cylinders. Moreover, increasing government initiatives to promote the usage of CNG is expected to fuel the demand for CNG cylinders in the region. China is anticipated to be the largest consumer in the region. Followed by it, India is projected to be the second largest consumer in the region. North America accounted for the second largest share in the global CNG cylinders market in 2016. Increasing production of shale gas along with regulatory push by government to reduce the dependency on conventional oil is expected to fuel the demand for CNG cylinders in the region. The region is projected to witness high growth over the forecast period (2017-2025).

 

Based on the material, the global CNG cylinders market is segmented as follows:

 

  • Metal
  • Glass Fiber
  • Carbon Fiber

 

On the basis of Material, the global CNG cylinders market can be segmented into metal, glass fiber and carbon fiber. In 2016, metal segment accounted for the largest share in the global CNG cylinders market. Metal fiber find application in Type 1, Type 2 and Type 3 CNG cylinders. Wide array application of metal fiber is anticipated to drive the growth of the segment during the forecast period. Carbon fiber segment is projected to be the fastest growing segment in global CNG cylinders market. Increasing demand for light weight cylinders type 4 cylinders is projected to drive the growth of the segment over the forecast period (2017-2025).

 

1. Preface


1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

 

2. Executive Summary


2.1. Global CNG Cylinders Market Snapshot
2.1.1. Global CNG Cylinders Market, by Type, 2016
2.1.2. Global CNG Cylinders Market, by Material, 2016
2.1.3. Global CNG Cylinders Market, by Application, 2016
2.1.4. Global CNG Cylinders Market, by Geography, 2016
2.1.5. Key Players
2.1.6. Drivers, Restrains & Future Prospects

 

3. Global CNG Cylinders Market Dynamics


3.1. Market Overview
3.1.1. Market Definition
3.1.2. Market Size & Forecast, 2015-2025
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power Of Suppliers
3.6.2. Bargaining Power Of Buyers
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Industry Rivalry

 

4. Global CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Type, 2015 – 2025


4.1. Overview
4.1.1. Market Share Analysis by Type, 2016 vs. 2025
4.1.2. Attractive Investment Proposition by Type
4.2. Type 1
4.3. Type 2
4.4. Type 3
4.5. Type 4

 

5. Global CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Material, 2015 – 2025


5.1. Overview
5.1.1. Market Share Analysis by Material, 2016 vs. 2025
5.1.2. Attractive Investment Proposition by Material
5.2. Metal
5.3. Glass Fiber
5.4. Carbon Fiber

 

6. Global CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Application, 2015 – 2025


6.1. Overview
6.1.1. Market Share Analysis by Application, 2016 vs. 2025
6.1.2. Attractive Investment Proposition by Application
6.2. Light Passenger Vehicles
6.3. Medium duty/heavy duty (MD/HD) Buses
6.4. Medium duty/heavy duty (MD/HD) Trucks
6.5. Others (Autos)

 

7. Global CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Geography, 2015 – 2025


7.1. Overview
7.1.1. Market Share Analysis by Geography, 2016 vs. 2025
7.1.2. Attractive Investment Proposition by Geography
7.2. North America CNG Cylinders Market Analysis, 2015 – 2025
7.2.1. North America CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Country, 2015 – 2025
7.2.1.1. U.S.
7.2.1.2. Canada
7.2.2. North America CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Type, 2015 – 2025
7.2.2.1. Type 1
7.2.2.2. Type 2
7.2.2.3. Type 3
7.2.2.4. Type 4
7.2.3. North America CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Material, 2015 – 2025
7.2.3.1. Metal
7.2.3.2. Glass Fiber
7.2.3.3. Carbon Fiber
7.2.4. North America CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Application, 2015 – 2025
7.2.4.1. Light Passenger Vehicles
7.2.4.2. Medium duty/heavy duty (MD/HD) Buses
7.2.4.3. Medium duty/heavy duty (MD/HD) Trucks
7.2.4.4. Others (Autos)
7.3. Europe CNG Cylinders Market Analysis, 2015 – 2025
7.3.1. Europe CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Country, 2015 – 2025
7.3.1.1. U.K.
7.3.1.2. Germany
7.3.1.3. Italy
7.3.1.4. France
7.3.1.5. Russia
7.3.1.6. Rest of Europe
7.3.2. Europe CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Type, 2015 – 2025
7.3.2.1. Type 1
7.3.2.2. Type 2
7.3.2.3. Type 3
7.3.2.4. Type 4
7.3.3. Europe CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Material, 2015 – 2025
7.3.3.1. Metal
7.3.3.2. Glass Fiber
7.3.3.3. Carbon Fiber
7.3.4. Europe CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Application, 2015 – 2025
7.3.4.1. Light Passenger Vehicles
7.3.4.2. Medium duty/heavy duty (MD/HD) Buses
7.3.4.3. Medium duty/heavy duty (MD/HD) Trucks
7.3.4.4. Others (Autos)
7.4. Asia Pacific CNG Cylinders Market Analysis , 2015 – 2025
7.4.1. Asia Pacific CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Country, 2015 – 2025
7.4.1.1. China
7.4.1.2. India
7.4.1.3. Japan
7.4.1.4. Rest of Asia Pacific
7.4.2. Asia Pacific CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Type, 2015 – 2025
7.4.2.1. Type 1
7.4.2.2. Type 2
7.4.2.3. Type 3
7.4.2.4. Type 4
7.4.3. Asia Pacific CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Material, 2015 – 2025
7.4.3.1. Metal
7.4.3.2. Glass Fiber
7.4.3.3. Carbon Fiber
7.4.4. Asia Pacific CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Application, 2015 – 2025
7.4.4.1. Light Passenger Vehicles
7.4.4.2. Medium duty/heavy duty (MD/HD) Buses
7.4.4.3. Medium duty/heavy duty (MD/HD) Trucks
7.4.4.4. Others (Autos)
7.5. Latin America CNG Cylinders Market Analysis , 2015 – 2025
7.5.1. Latin America CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Country, 2015 – 2025
7.5.1.1. Brazil
7.5.1.2. Mexico
7.5.1.3. Rest of Latin America
7.5.2. Latin America CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Type, 2015 – 2025
7.5.2.1. Type 1
7.5.2.2. Type 2
7.5.2.3. Type 3
7.5.2.4. Type 4
7.5.3. Latin America CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Material, 2015 – 2025
7.5.3.1. Metal
7.5.3.2. Glass Fiber
7.5.3.3. Carbon Fiber
7.5.4. Latin America CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Application, 2015 – 2025
7.5.4.1. Light Passenger Vehicles
7.5.4.2. Medium duty/heavy duty (MD/HD) Buses
7.5.4.3. Medium duty/heavy duty (MD/HD) Trucks
7.5.4.4. Others (Autos)
7.6. Middle East & Africa (MEA) CNG Cylinders Market Analysis , 2015 – 2025
7.6.1. MEA CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Region, 2015 – 2025
7.6.1.1. GCC
7.6.1.2. Rest of MEA
7.6.2. MEA CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Type, 2015 – 2025
7.6.2.1. Type 1
7.6.2.2. Type 2
7.6.2.3. Type 3
7.6.2.4. Type 4
7.6.3. MEA CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Material, 2015 – 2025
7.6.3.1. Metal
7.6.3.2. Glass Fiber
7.6.3.3. Carbon Fiber
7.6.4. MEA CNG Cylinders Market Size & Forecast (‘000 Units) (US$ Mn), By Application, 2015 – 2025
7.6.4.1. Light Passenger Vehicles
7.6.4.2. Medium duty/heavy duty (MD/HD) Buses
7.6.4.3. Medium duty/heavy duty (MD/HD) Trucks
7.6.4.4. Others (Autos)

 

8. Company Profiles


8.1. Competitive Dashboard
8.2. Key Players
8.2.1. Sinomatech
8.2.1.1. Business Description
8.2.1.2. Financial Information*
8.2.1.3. Product Portfolio
8.2.1.4. Key Developments/ Business Strategies
8.2.1.5. SWOT Analysis
8.2.2. Avanco Group
8.2.3. Beijing Tianhai Industry
8.2.4. CIMC ENRIC
8.2.5. Everest Kanto Cylinders
8.2.6. Faber Industries
8.2.7. Hexagon Composites
8.2.8. Luxfer Group
8.2.9. Quantum Technologies
8.2.10. Rama Cylinders
8.2.11. Worthington Industries
8.2.12. Other Notable Players

Table 01: Global CNG Cylinders Market Volume (‘000 Units) & Forecast, by Geography, 2015-2025
Table 02: Global CNG Cylinders Market Value (US$ Mn) & Forecast, by Geography, 2015-2025
Table 03: Global CNG Cylinders Market Volume (‘000 Units) & Forecast, by Type, 2015-2025
Table 04: Global CNG Cylinders Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 05: Global CNG Cylinders Market Volume (‘000 Units) & Forecast, by Material, 2015-2025
Table 06: Global CNG Cylinders Market Value (US$ Mn) & Forecast, by Material, 2015-2025
Table 07: Global CNG Cylinders Market Volume (‘000 Units) & Forecast, by Application, 2015-2025
Table 08: Global CNG Cylinders Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 09: North America CNG Cylinders Market Volume (‘000 Units) & Forecast, by Country, 2015-2025
Table 10: North America CNG Cylinders Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 11: North America CNG Cylinders Market Volume (‘000 Units) & Forecast, by Type, 2015-2025
Table 12: North America CNG Cylinders Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 13: North America CNG Cylinders Market Volume (‘000 Units) & Forecast, by Material, 2015-2025
Table 14: North America CNG Cylinders Market Value (US$ Mn) & Forecast, by Material, 2015-2025
Table 15: North America CNG Cylinders Market Volume (‘000 Units) & Forecast, by Application, 2015-2025
Table 16: North America CNG Cylinders Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 17: Europe CNG Cylinders Market Volume (‘000 Units) & Forecast, by Country, 2015-2025
Table 18: Europe CNG Cylinders Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 19: Europe CNG Cylinders Market Volume (‘000 Units) & Forecast, by Type, 2015-2025
Table 20: Europe CNG Cylinders Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 21: Europe CNG Cylinders Market Volume (‘000 Units) & Forecast, by Material, 2015-2025
Table 22: Europe CNG Cylinders Market Value (US$ Mn) & Forecast, by Material, 2015-2025
Table 23: Europe CNG Cylinders Market Volume (‘000 Units) & Forecast, by Application, 2015-2025
Table 24: Europe CNG cylinders Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 25: Asia Pacific CNG Cylinders Market Volume (‘000 Units) & Forecast, by Country, 2015-2025
Table 26: Asia Pacific CNG Cylinders Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 27: Asia Pacific CNG Cylinders Market Volume (‘000 Units) & Forecast, by Type, 2015-2025
Table 28: Asia Pacific CNG Cylinders Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 29: Asia Pacific CNG Cylinders Market Volume (‘000 Units) & Forecast, by Material, 2015-2025
Table 30: Asia Pacific CNG Cylinders Market Value (US$ Mn) & Forecast, by Material, 2015-2025
Table 31: Asia Pacific CNG Cylinders Market Volume (‘000 Units) & Forecast, by Application, 2015-2025
Table 32: Asia Pacific CNG Cylinders Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 33: Latin America CNG Cylinders Market Volume (‘000 Units) & Forecast, by Country, 2015-2025
Table 34: Latin America CNG Cylinders Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 35: Latin America CNG Cylinders Market Volume (‘000 Units) & Forecast, by Type, 2015-2025
Table 36: Latin America CNG Cylinders Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 37: Latin America CNG Cylinders Market Volume (‘000 Units) & Forecast, by Material, 2015-2025
Table 38: Latin America CNG Cylinders Market Value (US$ Mn) & Forecast, by Material, 2015-2025
Table 39: Latin America CNG Cylinders Market Volume (‘000 Units) & Forecast, by Application, 2015-2025
Table 40: Latin America CNG Cylinders Market Value (US$ Mn) & Forecast, by Application, 2015-2025
Table 41: MEA CNG Cylinders Market Volume (‘000 Units) & Forecast, by Country, 2015-2025
Table 42: MEA CNG Cylinders Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 43: MEA CNG Cylinders Market Volume (‘000 Units) & Forecast, by Type, 2015-2025
Table 44: MEA CNG Cylinders Market Value (US$ Mn) & Forecast, by Type, 2015-2025
Table 45: MEA CNG Cylinders Market Volume (‘000 Units) & Forecast, by Material, 2015-2025
Table 46: MEA CNG Cylinders Market Value (US$ Mn) & Forecast, by Material, 2015-2025
Table 47: MEA CNG Cylinders Market Volume (‘000 Units) & Forecast, by Application, 2015-2025
Table 48: MEA CNG Cylinders Market Value (US$ Mn) & Forecast, by Application, 2015-2025

Figure 01: Global CNG Cylinders Market Size (‘000 Units) (US$ Mn) & Forecast, 2015-2025
Figure 02: Global CNG Cylinders Market Share (Value %) Analysis by Geography, 2016 vs. 2025
Figure 03: Global CNG Cylinders Market Investment Proposition by Geography, 2017
Figure 04: North America CNG Cylinders Market Investment Proposition by Country, 2017
Figure 05: Europe CNG Cylinders Market Investment Proposition by Country, 2017
Figure 06: Asia Pacific CNG Cylinders Market Investment Proposition by Country, 2017
Figure 07: Latin America CNG Cylinders Market Investment Proposition by Country, 2017
Figure 08: Middle East & Africa CNG Cylinders Market Investment Proposition by Country, 2017

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