PUBLISHER: Lucintel | PRODUCT CODE: 1153961
PUBLISHER: Lucintel | PRODUCT CODE: 1153961
CNG Tank Market Trends and Forecast
The future of the CNG tank market looks promising with opportunities in the automotive and bulk transportation end use. The global CNG tank market is expected to reach an estimated $1.6 billion by 2027 with a CAGR of 7.0% from 2021 to 2027. The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and lower cost of natural gas than gasoline and diesel.
Emerging Trends in the CNG Tank Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the increase in green fleet and development of type V tanks.
A total of 94 figures / charts and 68 tables are provided in this 162-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the CNG tank market report.
CNG Tank Market by Segment
CNG Tank Market by End Use [Value ($B) and Volume ('000 units) shipment analysis for 2016 - 2027]:
Automotive CNG Tank Market by Vehicle Type
Automotive CNG Tank Market by Tank Type
Bulk Transportation CNG Tank Market by Tank Type
CNG Tank Market by Tank Type [Value ($B) and Volume ('000 units) shipment analysis for 2016 - 2027]:
CNG Tank Market by Material Consumption [Value ($B) and Volume ('000 units) shipment analysis for 2016 - 2027]:
CNG Tank Market by Region [Value ($B) and Volume ('000 units) shipment analysis for 2016 - 2027]:
List of CNG Tank Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies CNG tank companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the CNG tank companies profiled in this report includes.
CNG Tank Market Insight
Features of CNG Tank Market
FAQ
Q1. What is the CNG tank market size?
Answer: The global CNG tank market is expected to reach an estimated $1.6 billion by 2027
Q2. What is the growth forecast for CNG tank market?
Answer: The CNG tank market is expected to grow at a CAGR of 7.0% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the CNG tank market?
Answer: The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and lower cost of natural gas than gasoline and diesel.
Q4. What are the major applications or end use industries for CNG tank?
Answer: Automotive and bulk transportation are the major application for CNG tank.
Q5. What are the emerging trends in CNG tank market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, the increase in green fleet and development of type V tanks.
Q6. Who are the key CNG tank companies?
Answer: Some of the key CNG tank companies are as follows:
Q7. Which CNG tank product segment will be the largest in future?
Answer: Lucintel forecasts that type I CNG tank will remain the largest segment over the forecast period due to its lower cost and higher demand from countries in the APAC and ROW regions which have large NGV fleet.
Q8. In CNG tank market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.