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Global CNG Cylinders Market Is Projected To Reach US$ 4.0 Bn
By 2025 – Credence Research
According to a new market report published by Credence Research Global CNG Cylinders Market –
Growth, Future Prospects & Competitive Analysis, 2017 – 2025, the Global CNG Cylinders
Market is expected to reach US$ 4.0 Bn by 2025, expanding at a CAGR of 12.3% during the
forecast period 2017 – 2025.
Browse the full Global CNG Cylinders Market by Type, Material, Application and
Geography – Growth, Future Prospects & Competitive Analysis, 2017 – 2025 report at
http://www.credenceresearch.com/report/cng-cylinders-market
Market Insights
Rising environmental concerns over the emission of greenhouse gases inclining economies across
the globe to reduce their dependence on oil and shift towards natural gas to control air pollution.
Moreover, macroeconomic factors such as setting of new greenhouse gases emission targets at
Paris climate change conference which includes agreement and commitment by both G20 and the
G7 countries to improve on energy efficiency, increasing the investment in development of CNG
storage and distribution infrastructure which in turn is driving the demand for CNG cylinders over
the forecast period. Various government across the globe are taking various initiatives such as tax
benefits and subsidies to increase the adoption of natural gas including CNG and LNG. Further,
increasing market penetration of CNG along with growth in NGV (Natural Gas Vehicles) is
anticipated to drive the demand for CNG cylinders. Furthermore, increasing consumer awareness
about associated advantages such as improved fuel efficiency over the conventional fuels including
gasoline and diesel oil is another factor anticipated to drive the demand for CNG cylinders overs
over the forecast period. High demand form key consuming economies including China, India,
Brazil, etc. are anticipated to fuel the demand for CNG cylinders over the forecast period (20172025).
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Competitive Insights:
Global CNG Cylinders market is segmented on the basis of type, material, application and
geography. By type, type 1 segment was the most dominant segment in global CNG cylinders
market in 2016 and anticipated to continue its dominance over the forecast period. Low cost of
type 1 cylinders and high market penetration is projected to drive the growth of the segment during
the forecast period. Based on material type, metal segment accounted for the largest share in global
CNG cylinders market owing its wide application in type 1, type 2 and type 3 cylinders. By
application, light passenger vehicles application segment was estimated to be the largest
application segment in global CNG cylinders market in 2016. Growth in number of NGV car
owing increasing adoption of CNG as an alternative fuel is anticipated to drive the growth of
segment. On the basis of geography, Asia Pacific was estimated to be the largest market for CNG
Cylinders in 2016. Increasing investment in development of supply and distribution infrastructure
for CNG in the region especially in China and India is projected to spur the demand for CNG
cylinders in the region during the forecast period. Major players in global CNG Cylinders market
are investing in expansion of research and development, expansion of production capacity, merger
and acquisition with focus on increasing market penetration.
Overall, global CNG cylinders market is anticipated to register robust growth over the forecast
period (2017-2025).
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Key Trends:



Merger & Acquisition
Investment in R&D
Expansion in emerging economies

Production capacity expansion
Table of Content
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
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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
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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)
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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
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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
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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
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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)
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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
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List Of Table
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
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Table 40: Latin America CNG Cylinders Market Value (US$ Mn) & Forecast, by Application, 2015-2025
List Of Figures
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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