Report Detail
Global CNG Tanks Market Size study, by Raw Material (Metal, Glass Fiber, Carbon Fiber), Vehicle Type (Light Duty, Medium Duty, Heavy Duty), and Regional Forecasts 2019-2026
- RnM3740389 |
- 03 October, 2019 |
- Global |
- 200 Pages |
- Bizwit Research & Consulting LLP |
- Other
Global CNG Tanks Market is valued at approximately USD 779.6 million in 2018 and is anticipated to grow with a healthy growth rate of more than 6.80% over the forecast period 2019-2026.
Compressed Natural Gas (CNG) is an environment friendly fuel. Compressed natural gas emits less harmful pollutants as compared to fossil fuels, thereby, reducing the concentration of contaminants in the air. This is creating positive scenario in the adoption of CNG Cylinders/tanks. Further, the exploration and production of gasoline and diesel are destructive and also poses hazard to the environment, and human as well. Moreover, natural gas is considered as an alternate fuel for reduction of carbon emissions and decelerates global warming and reduces greenhouse gas emissions in the environment. Thus, growing adoption of CNG is driving the adoption of CNG tanks or cylinders demand. Growing demand for natural gas in the automotive industry, emerging economies coupled with increasing environmental awareness are key driving factors of the market growth. Further, growing adoption of lightweight composite CNG cylinder is expected to create significant growth opportunity in the market over the forecast period. However, high cost of composites tank coupled with strict regulatory approvals is expected to hamper the market growth over the forecast period.
The regional analysis of global CNG Tanks market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the growing gasoline and diesel fuel price coupled with feasible automotive industry. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing environmental concern and regulations would create lucrative growth prospects for the CNG Tanks market across North America.
Major market player included in this report are:
Worthington Industries
Luxfer Group
Hexagon Composites ASA
Quantum Fuel Systems Technologies Worldwide Inc.
Everest Kanto Cylinders Ltd.
Praxair Technologies Inc.
Avanco Group
Beijing Tianhai Industry Co. Ltd.
Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
Faber Industrie S.P.A
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Raw Material:
Metal Material
Glass Fiber Composites Raw Materials
Carbon Fiber Composites Raw Materials
By Vehicle Type:
Light Duty Vehicles
Medium Duty Vehicles
Heavy Duty Vehicles
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global CNG Tanks Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Key Trends
- 1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
- 1.3.1. CNG Tanks Market, by Raw Material, 2016-2026 (USD Billion)
- 1.3.2. CNG Tanks Market, by Vehicle Type, 2016-2026 (USD Billion)
- 1.3.3. CNG Tanks Market, by End-use Industry, 2016-2026 (USD Billion)
- 1.3.4. CNG Tanks Market, by Region, 2016-2026 (USD Billion)
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global CNG Tanks Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global CNG Tanks Market Dynamics
- 3.1. See Saw Analysis
- 3.1.1. Market Drivers
- 3.1.2. Market Challenges
- 3.1.3. Market Opportunities
Chapter 4. Global CNG Tanks Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.2. PEST Analysis
- 4.2.1. Political Scenario
- 4.2.2. Economic Scenario
- 4.2.3. Social Scenario
- 4.2.4. Technological Scenario
- 4.3. Key Buying Criteria (On Demand)
- 4.4. Regulatory Framework (On Demand)
- 4.5. Investment Vs Adoption Scenario (On Demand)
- 4.6. Analyst Recommendation & Conclusion
Chapter 5. Global CNG Tanks Market, by Raw Material
- 5.1. Market Snapshot
- 5.2. Market Performance - Potential Model
- 5.3. CNG Tanks Market, Sub Segment Analysis
- 5.3.1. Metal Material
- 5.3.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 5.3.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 5.3.2. Glass Fiber Composites Raw Materials
- 5.3.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 5.3.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 5.3.3. Carbon Fiber Composites Raw Materials
- 5.3.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 5.3.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
Chapter 6. Global CNG Tanks Market, by Vehicle Type
- 6.1. Market Snapshot
- 6.2. Market Performance - Potential Model
- 6.3. CNG Tanks Market, Sub Segment Analysis
- 6.3.1. Light Duty Vehicles
- 6.3.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 6.3.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 6.3.2. Medium Duty Vehicles
- 6.3.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 6.3.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 6.3.3. Heavy Duty Vehicles
- 6.3.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 6.3.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
Chapter 7. Global CNG Tanks Market, by Regional Analysis
- 7.1. CNG Tanks Market, Regional Market Snapshot (2016-2026)
- 7.2. North America CNG Tanks Market Snapshot
- 7.2.1. U.S.
- 7.2.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.2.1.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.2.1.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.2.2. Canada
- 7.2.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.2.2.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.2.2.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.2.1. U.S.
- 7.3. Europe CNG Tanks Market Snapshot
- 7.3.1. U.K.
- 7.3.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.3.1.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.3.1.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.3.2. Rest of Europe
- 7.3.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.3.2.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.3.2.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.3.1. U.K.
- 7.4. Asia Pacific CNG Tanks Market Snapshot
- 7.4.1. China
- 7.4.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.1.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.1.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.2. India
- 7.4.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.2.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.2.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.3. Japan
- 7.4.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.3.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.3.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.4. Rest of Asia Pacific
- 7.4.4.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.4.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.4.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.4.1. China
- 7.5. Latin America CNG Tanks Market Snapshot
- 7.5.1. Brazil
- 7.5.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.5.1.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.5.1.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.5.2. Mexico
- 7.5.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.5.2.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.5.2.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.5.1. Brazil
- 7.6. Rest of The World
- 7.6.1. Middle East and Africa
- 7.6.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
- 7.6.1.2. Raw Material breakdown estimates & forecasts, 2016-2026 (USD Billion)
- 7.6.1.3. Vehicle Type breakdown estimates & forecasts, 2016-2026 (USD Billion)
Chapter 8. Competitive Intelligence
- 8.1. Company Market Share (Subject to Data Availability)
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Worthington Industries
- 8.3.1.1. Overview
- 8.3.1.2. Financial (Subject to Data Availability)
- 8.3.1.3. Product Summary
- 8.3.1.4. Recent Developments
- 8.3.2. Luxfer Group
- 8.3.3. Hexagon Composites ASA
- 8.3.4. Quantum Fuel Systems Technologies Worldwide Inc.
- 8.3.5. Everest Kanto Cylinders Ltd.
- 8.3.6. Praxair Technologies Inc.
- 8.3.7. Avanco Group
- 8.3.8. Beijing Tianhai Industry Co. Ltd.
- 8.3.9. Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
- 8.3.10. Faber Industrie S.P.A
- 8.3.1. Worthington Industries
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 7.6.1. Middle East and Africa
- 6.3.1. Light Duty Vehicles
- 5.3.1. Metal Material
Summary:
Get latest Market Research Reports on CNG Tanks. Industry analysis & Market Report on CNG Tanks is a syndicated market report, published as Global CNG Tanks Market Size study, by Raw Material (Metal, Glass Fiber, Carbon Fiber), Vehicle Type (Light Duty, Medium Duty, Heavy Duty), and Regional Forecasts 2019-2026. It is complete Research Study and Industry Analysis of CNG Tanks market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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