Report Detail
Global Compressed Natural Gas (CNG) Cylinders Market Growth 2019-2024
- RnM2982864 |
- 19 February, 2019 |
- Global |
- 165 Pages |
- LPI(LP Information) |
- Machinery & Equipment
Compressed Natural Gas (CNG) Cylinders is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.
Compressed Natural Gas (CNG) Cylinders is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.
The Compressed Natural Gas (CNG) Cylinders industry is not highly concentrated, there are more than one hundred manufacturers in the world, and high-end products mainly come from North America and Western Europe. Limited refueling infrastructures, and higher prices of composite cylinders, are some of the factors that hinder the growth of the CNG tanks/cylinders. Rising price of raw materials such as metals, glass fiber, carbon fiber, and other components used in manufacturing of CNG tanks/cylinders are the few challenges inhibiting the growth of the CNG tanks/cylinders market.
The growth in CNG cylinder market for storage and transportation of CNG would be dependent on government plans and initiatives to switch over to alternative fuel. However, with natural gas being progressively made available in most parts of the country and the rising cost of fuels (except for the fall in prices witnessed since the second half of the year), it is expected that the Government policies would be progressive favoring CNG as a fuel. The recent judicial activism at the highest level resulting which the Government has been mandated to have uniform natural gas prices across worldwide is a beneficial development, which will improve the availability of CNG at reasonable cost across India, which will induce consumers to switch over to CNG vehicles. This would lead to an accelerated growth in the CNG cylinder industry. Policy decision by the government to de-regulate diesel prices will turn some of the demand to CNG. The expected increase in supply of domestic gas due to the gas price hike will add impetus to the demand in the long run.
According to this study, over the next five years the Compressed Natural Gas (CNG) Cylinders market will register a 6.8% CAGR in terms of revenue, the global market size will reach US$ 1080 million by 2024, from US$ 730 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Compressed Natural Gas (CNG) Cylinders business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Compressed Natural Gas (CNG) Cylinders market by product type, application, key manufacturers and key regions and countries.
This study considers the Compressed Natural Gas (CNG) Cylinders value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Type 1
Type 2
Type 3
Type 4
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Vehicles
Commercial Vehicles
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Sinomatech
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon Composites
Beijing Tianhai Industry
Rama Cylinders
Quantum Technologies
Faber Industrie
CIMC ENRIC
Avanco Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Compressed Natural Gas (CNG) Cylinders consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Compressed Natural Gas (CNG) Cylinders market by identifying its various subsegments.
Focuses on the key global Compressed Natural Gas (CNG) Cylinders manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Compressed Natural Gas (CNG) Cylinders with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Compressed Natural Gas (CNG) Cylinders submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Compressed Natural Gas (CNG) Cylinders Consumption Market Report
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Compressed Natural Gas (CNG) Cylinders Consumption 2014-2024
- 2.1.2 Compressed Natural Gas (CNG) Cylinders Consumption CAGR by Region
- 2.2 Compressed Natural Gas (CNG) Cylinders Segment by Type
- 2.2.1 Type 1
- 2.2.2 Type 2
- 2.2.3 Type 3
- 2.2.4 Type 4
- 2.2.5 Others
- 2.3 Compressed Natural Gas (CNG) Cylinders Consumption by Type
- 2.3.1 Global Compressed Natural Gas (CNG) Cylinders Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Compressed Natural Gas (CNG) Cylinders Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Compressed Natural Gas (CNG) Cylinders Sale Price by Type (2014-2019)
- 2.4 Compressed Natural Gas (CNG) Cylinders Segment by Application
- 2.4.1 Passenger Vehicles
- 2.4.2 Commercial Vehicles
- 2.5 Compressed Natural Gas (CNG) Cylinders Consumption by Application
- 2.5.1 Global Compressed Natural Gas (CNG) Cylinders Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Compressed Natural Gas (CNG) Cylinders Value and Market Share by Application (2014-2019)
- 2.5.3 Global Compressed Natural Gas (CNG) Cylinders Sale Price by Application (2014-2019)
3 Global Compressed Natural Gas (CNG) Cylinders by Players
- 3.1 Global Compressed Natural Gas (CNG) Cylinders Sales Market Share by Players
- 3.1.1 Global Compressed Natural Gas (CNG) Cylinders Sales by Players (2017-2019)
- 3.1.2 Global Compressed Natural Gas (CNG) Cylinders Sales Market Share by Players (2017-2019)
- 3.2 Global Compressed Natural Gas (CNG) Cylinders Revenue Market Share by Players
- 3.2.1 Global Compressed Natural Gas (CNG) Cylinders Revenue by Players (2017-2019)
- 3.2.2 Global Compressed Natural Gas (CNG) Cylinders Revenue Market Share by Players (2017-2019)
- 3.3 Global Compressed Natural Gas (CNG) Cylinders Sale Price by Players
- 3.4 Global Compressed Natural Gas (CNG) Cylinders Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Compressed Natural Gas (CNG) Cylinders Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Compressed Natural Gas (CNG) Cylinders Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
4 Compressed Natural Gas (CNG) Cylinders by Regions
- 4.1 Compressed Natural Gas (CNG) Cylinders by Regions
- 4.1.1 Global Compressed Natural Gas (CNG) Cylinders Consumption by Regions
- 4.1.2 Global Compressed Natural Gas (CNG) Cylinders Value by Regions
- 4.2 Americas Compressed Natural Gas (CNG) Cylinders Consumption Growth
- 4.3 APAC Compressed Natural Gas (CNG) Cylinders Consumption Growth
- 4.4 Europe Compressed Natural Gas (CNG) Cylinders Consumption Growth
- 4.5 Middle East & Africa Compressed Natural Gas (CNG) Cylinders Consumption Growth
5 Americas
- 5.1 Americas Compressed Natural Gas (CNG) Cylinders Consumption by Countries
- 5.1.1 Americas Compressed Natural Gas (CNG) Cylinders Consumption by Countries (2014-2019)
- 5.1.2 Americas Compressed Natural Gas (CNG) Cylinders Value by Countries (2014-2019)
- 5.2 Americas Compressed Natural Gas (CNG) Cylinders Consumption by Type
- 5.3 Americas Compressed Natural Gas (CNG) Cylinders Consumption by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Compressed Natural Gas (CNG) Cylinders Consumption by Countries
- 6.1.1 APAC Compressed Natural Gas (CNG) Cylinders Consumption by Countries (2014-2019)
- 6.1.2 APAC Compressed Natural Gas (CNG) Cylinders Value by Countries (2014-2019)
- 6.2 APAC Compressed Natural Gas (CNG) Cylinders Consumption by Type
- 6.3 APAC Compressed Natural Gas (CNG) Cylinders Consumption by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Compressed Natural Gas (CNG) Cylinders by Countries
- 7.1.1 Europe Compressed Natural Gas (CNG) Cylinders Consumption by Countries (2014-2019)
- 7.1.2 Europe Compressed Natural Gas (CNG) Cylinders Value by Countries (2014-2019)
- 7.2 Europe Compressed Natural Gas (CNG) Cylinders Consumption by Type
- 7.3 Europe Compressed Natural Gas (CNG) Cylinders Consumption by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Compressed Natural Gas (CNG) Cylinders by Countries
- 8.1.1 Middle East & Africa Compressed Natural Gas (CNG) Cylinders Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Compressed Natural Gas (CNG) Cylinders Value by Countries (2014-2019)
- 8.2 Middle East & Africa Compressed Natural Gas (CNG) Cylinders Consumption by Type
- 8.3 Middle East & Africa Compressed Natural Gas (CNG) Cylinders Consumption by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Marketing, Distributors and Customer
- 10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
- 10.2 Compressed Natural Gas (CNG) Cylinders Distributors
- 10.3 Compressed Natural Gas (CNG) Cylinders Customer
11 Global Compressed Natural Gas (CNG) Cylinders Market Forecast
- 11.1 Global Compressed Natural Gas (CNG) Cylinders Consumption Forecast (2019-2024)
- 11.2 Global Compressed Natural Gas (CNG) Cylinders Forecast by Regions
- 11.2.1 Global Compressed Natural Gas (CNG) Cylinders Forecast by Regions (2019-2024)
- 11.2.2 Global Compressed Natural Gas (CNG) Cylinders Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
- 11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
- 11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
- 11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
- 11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
- 11.7 Global Compressed Natural Gas (CNG) Cylinders Forecast by Type
- 11.8 Global Compressed Natural Gas (CNG) Cylinders Forecast by Application
12 Key Players Analysis
- 12.1 Sinomatech
- 12.1.1 Company Details
- 12.1.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.1.3 Sinomatech Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.1.4 Main Business Overview
- 12.1.5 Sinomatech News
- 12.2 Everest Kanto Cylinders
- 12.2.1 Company Details
- 12.2.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.2.3 Everest Kanto Cylinders Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.2.4 Main Business Overview
- 12.2.5 Everest Kanto Cylinders News
- 12.3 Worthington Industries
- 12.3.1 Company Details
- 12.3.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.3.3 Worthington Industries Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.3.4 Main Business Overview
- 12.3.5 Worthington Industries News
- 12.4 Luxfer Group
- 12.4.1 Company Details
- 12.4.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.4.3 Luxfer Group Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.4.4 Main Business Overview
- 12.4.5 Luxfer Group News
- 12.5 Hexagon Composites
- 12.5.1 Company Details
- 12.5.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.5.3 Hexagon Composites Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.5.4 Main Business Overview
- 12.5.5 Hexagon Composites News
- 12.6 Beijing Tianhai Industry
- 12.6.1 Company Details
- 12.6.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.6.3 Beijing Tianhai Industry Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.6.4 Main Business Overview
- 12.6.5 Beijing Tianhai Industry News
- 12.7 Rama Cylinders
- 12.7.1 Company Details
- 12.7.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.7.3 Rama Cylinders Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.7.4 Main Business Overview
- 12.7.5 Rama Cylinders News
- 12.8 Quantum Technologies
- 12.8.1 Company Details
- 12.8.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.8.3 Quantum Technologies Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.8.4 Main Business Overview
- 12.8.5 Quantum Technologies News
- 12.9 Faber Industrie
- 12.9.1 Company Details
- 12.9.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.9.3 Faber Industrie Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.9.4 Main Business Overview
- 12.9.5 Faber Industrie News
- 12.10 CIMC ENRIC
- 12.10.1 Company Details
- 12.10.2 Compressed Natural Gas (CNG) Cylinders Product Offered
- 12.10.3 CIMC ENRIC Compressed Natural Gas (CNG) Cylinders Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.10.4 Main Business Overview
- 12.10.5 CIMC ENRIC News
- 12.11 Avanco Group
13 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on Compressed Natural Gas (CNG) Cylinders . Industry analysis & Market Report on Compressed Natural Gas (CNG) Cylinders is a syndicated market report, published as Global Compressed Natural Gas (CNG) Cylinders Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Compressed Natural Gas (CNG) Cylinders market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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