PUBLISHER: QYResearch | PRODUCT CODE: 1873593
PUBLISHER: QYResearch | PRODUCT CODE: 1873593
The global market for Compressed Natural Gas Cylinders was estimated to be worth US$ 1191 million in 2024 and is forecast to a readjusted size of US$ 2039 million by 2031 with a CAGR of 8.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Compressed Natural Gas Cylinders cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Compressed Natural Gas Cylinders are high-pressure vessels specially designed to store and supply compressed natural gas (CNG) as fuel in vehicles. These cylinders are typically made of high-strength alloy steel, aluminum alloys, or lightweight composite materials such as carbon-fiber-reinforced resin, capable of withstanding working pressures up to 20-25 MPa. They are installed in cars, buses, and commercial vehicles to ensure the safe, reliable, and efficient use of CNG as a clean automotive fuel.
Compressed Natural Gas (CNG) cylinders are high-pressure vessels designed to store and transport natural gas for use in vehicles. They are a critical component of CNG vehicle safety and range.
CNG cylinders are classified into four main types:
Type I (All-steel): Durable and cost-effective, still widely used in taxis and public transport.
Type II (Steel liner with hoop-wound glass fiber): Lighter than Type I, with moderate cost advantages.
Type III (Aluminum liner fully wrapped with carbon or glass fiber): Significantly reduced weight and improved corrosion resistance, ideal for light-duty vehicles.
Type IV (Plastic liner fully wrapped with carbon fiber): The lightest and highest performance option, with premium pricing, suited for specialized fleets.
Globally, demand is concentrated in Asia-Pacific, Latin America, and parts of the Middle East, driven by fuel cost savings and emission-reduction policies. In China, CNG vehicles grew rapidly over the past decade in taxis and buses, but growth has moderated as LNG and electrification have expanded. Nonetheless, vehicle renewal cycles and tightening safety standards sustain replacement demand.
Lightweight composite cylinders (Type III/IV) are gaining share due to their benefits in range and payload capacity. Companies like Luxfer, Hexagon Composites, Worthington, and Faber lead the global market, while Chinese producers (China National Building Material, CIMC Enric, Tianhai Industry) dominate the steel and mid-tier composite segments. Type IV cylinders still rely heavily on imported carbon fiber, creating a cost and supply chain constraint.
In the future, stricter safety regulations, advances in composite material processing, and integration with hydrogen storage technologies will shape the competitive landscape. Demand for premium CNG cylinders in logistics and mid-sized buses will likely remain stable, even as other fuels grow.
This report aims to provide a comprehensive presentation of the global market for Compressed Natural Gas Cylinders, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Compressed Natural Gas Cylinders by region & country, by Type, and by Application.
The Compressed Natural Gas Cylinders market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Compressed Natural Gas Cylinders.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of Compressed Natural Gas Cylinders manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Compressed Natural Gas Cylinders in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Compressed Natural Gas Cylinders in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: 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 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.