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CNG Cylinders Market By Type (Type 1, Type 2, Type 3, Type 4), By Material (Metal, Glass Fiber, Carbon Fiber), By Application (Light Passenger Vehicles, Medium Duty/Heavy Duty (MD/HD) Buses, Medium Duty/Heavy Duty (MD/HD) Trucks) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

This report titled “CNG Cylinders Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the trends in CNG cylinders market along with the market size and forecast for the duration 2017 to 2025. The said research study incorporates in-depth analysis of multiple market segments based type, material, application and geographical distribution.

The global CNG cylinders market is becoming increasingly competitive with growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for CNG cylinders. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.

Based on type, the global CNG cylinders market is segmented as type 1, type 2, type 3 and type 4. By material, the global CNG market is segmented into metal, glass fiber and carbon fiber. On the basis of application, the global CNG cylinders market is categorized into light passenger vehicles, medium duty/heavy duty (MD/HD) buses, medium duty/heavy duty (MD/HD) trucks and others (Autos). In addition, CNG cylinders manufacturing companies, distributors and academic organizations form the major client types for CNG cylinders market. Market size (‘000 Units) (US$ Mn) and forecast for all the considered segmentation is presented in this report for the period 2015-2025 along with their respective CAGRs (%) for the forecast period 2017-2025.

In terms of geographical distribution, the global CNG cylinders market is a study for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global CNG cylinders market is performed as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • Rest of MEA

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global CNG cylinders market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of CNG cylinders.

Based on the application, the global CNG cylinders market is segmented as follows:

  • Light Passenger Vehicles
  • Medium duty/heavy duty (MD/HD) Buses
  • Medium duty/heavy duty (MD/HD) Trucks
  • Others (Autos)

CNG Cylinders Market

On the basis of application, the global CNG cylinders market can be segmented into light passenger vehicles, medium duty/heavy duty (MD/HD) buses, medium duty/heavy duty (MD/HD) trucks and others (Autos). In 2016, light passenger vehicles was observed to be the largest application segment and is projected to maintain its dominance during the forecast period. Growth in number of passenger vehicles along with increasing adoption of compressed natural gas as alternative fuels is anticipated to spur the demand for CNG cylinders in passenger vehicles over the forecast period. Medium duty/heavy duty (MD/HD) buses segment to account for second largest share in global CNG cylinders market. Growing environmental concerns over the emission of greenhouse gases coupled with favorable regulatory policies to increase the adoption of CNG as fuel in public transport vehicles is expected to fuel the growth of the segment over the forecast period (2017-2025).

For the purpose of this study, the global CNG cylinders market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

CNG Cylinders Market

On the basis of geography, global CNG cylinders market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2016, Asia Pacific accounted for the largest share in global CNG cylinders market and also projected to witness robust growth during the forecast period. Increasing sales of automobiles driving the demand for fossil fuel which is influencing the demand for CNG which in turn is driving the demand for CNG cylinders. Moreover, increasing government initiatives to promote the usage of CNG is expected to fuel the demand for CNG cylinders in the region. China is anticipated to be the largest consumer in the region. Followed by it, India is projected to be the second largest consumer in the region. North America accounted for the second largest share in the global CNG cylinders market in 2016. Increasing production of shale gas along with regulatory push by government to reduce the dependency on conventional oil is expected to fuel the demand for CNG cylinders in the region. The region is projected to witness high growth over the forecast period (2017-2025).

Based on the material, the global CNG cylinders market is segmented as follows:

  • Metal
  • Glass Fiber
  • Carbon Fiber

CNG Cylinders Market

On the basis of Material, the global CNG cylinders market can be segmented into metal, glass fiber and carbon fiber. In 2016, metal segment accounted for the largest share in the global CNG cylinders market. Metal fiber find application in Type 1, Type 2 and Type 3 CNG cylinders. Wide array application of metal fiber is anticipated to drive the growth of the segment during the forecast period. Carbon fiber segment is projected to be the fastest growing segment in global CNG cylinders market. Increasing demand for light weight cylinders type 4 cylinders is projected to drive the growth of the segment over the forecast period (2017-2025).

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Published Date:  May 2017
Category:  Oil & Gas
Report ID:   58478
Report Format:   PDF
Pages:   120
Rating:    4.4 (65)
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