Product Code: ETC13400997 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Compressed Natural Gas Tanks/Cylinders Market was valued at USD 2.9 Billion in 2024 and is expected to reach USD 4.4 Billion by 2031, growing at a compound annual growth rate of 13.00% during the forecast period (2025-2031).
The Global Compressed Natural Gas (CNG) Tanks/Cylinders Market is witnessing significant growth driven by the increasing demand for clean and sustainable energy solutions, stringent environmental regulations, and the growing adoption of CNG as a transportation fuel. The market is characterized by the presence of key players offering a wide range of CNG tanks/cylinders with advanced technologies to enhance safety, efficiency, and durability. Asia Pacific is expected to dominate the market due to the rapid urbanization, infrastructure development, and government initiatives to promote CNG as a cleaner alternative to traditional fuels. The market is also experiencing innovations in lightweight materials and composite materials to reduce the overall weight of tanks/cylinders while ensuring high strength and safety standards. Overall, the Global CNG Tanks/Cylinders Market is poised for continued growth in the coming years.
The Global Compressed Natural Gas (CNG) Tanks/Cylinders Market is experiencing growth due to the increasing adoption of natural gas as a cleaner alternative to traditional fuels. The market is driven by factors such as stringent environmental regulations, rising awareness of the need for sustainable energy sources, and the growing demand for CNG vehicles in transportation sectors. Key trends in the market include the development of lightweight and high-strength materials for CNG tanks, advancements in tank design for improved safety and efficiency, and the expansion of CNG refueling infrastructure. Opportunities for market players lie in the emerging markets with supportive government policies promoting the use of natural gas, technological innovations in tank manufacturing, and collaborations with automotive manufacturers to meet the demand for CNG-powered vehicles.
In the Global Compressed Natural Gas Tanks/Cylinders Market, some key challenges include regulatory constraints and safety concerns related to the transportation and storage of compressed natural gas. The industry must navigate complex and evolving regulations regarding the design, production, and testing of CNG tanks/cylinders to ensure compliance and safety standards are met. Additionally, there is a constant need for technological advancements to enhance the efficiency and reliability of CNG tanks/cylinders, as well as to address issues such as weight reduction and materials compatibility. Moreover, the market faces competition from alternative fuel technologies and infrastructure limitations that can hinder the widespread adoption of CNG as a viable energy source for various applications. Overcoming these challenges requires innovation, collaboration, and strategic investments in research and development to drive growth in the CNG tanks/cylinders market.
The Global Compressed Natural Gas (CNG) Tanks/Cylinders Market is primarily driven by the increasing adoption of CNG as a cleaner and more sustainable alternative to traditional fuels such as gasoline and diesel. Government regulations promoting the use of CNG due to its lower emissions and cost-effectiveness are also propelling market growth. The rising demand for CNG-powered vehicles, especially in the transportation sector, is fueling the need for CNG tanks/cylinders. Additionally, advancements in CNG tank technology, such as lightweight materials and improved safety features, are driving market expansion. Furthermore, the growing infrastructure for CNG refueling stations and the focus on reducing carbon footprint are further boosting the market for CNG tanks/cylinders globally.
Government policies related to the Global Compressed Natural Gas (CNG) Tanks/Cylinders Market focus on promoting the adoption of CNG as a cleaner alternative fuel for vehicles to reduce carbon emissions and dependence on conventional fuels. Many countries offer incentives such as tax breaks, subsidies, and grants to encourage the use of CNG vehicles and infrastructure development. Additionally, regulations are in place to ensure the safety and quality standards of CNG tanks/cylinders, including periodic inspections, certification requirements, and compliance with international standards. Governments also support research and development initiatives to improve CNG tank technology and promote innovation in the market. Overall, these policies aim to accelerate the transition towards sustainable transportation solutions and reduce environmental impact.
The Global Compressed Natural Gas (CNG) Tanks/Cylinders market is poised for steady growth in the coming years as governments and industries worldwide continue to focus on reducing carbon emissions and transitioning to cleaner energy sources. The increasing adoption of CNG as a fuel for vehicles, especially in the transportation sector, coupled with the expanding infrastructure for CNG refueling stations, is driving the demand for CNG tanks and cylinders. Technological advancements in the design and manufacturing of lightweight and high-strength composite materials for CNG tanks are also expected to further propel market growth. Additionally, the rising awareness about the environmental benefits of CNG as a cleaner alternative to traditional fuels is likely to contribute to the market`s positive outlook in the foreseeable future.
In the global Compressed Natural Gas (CNG) Tanks/Cylinders market, Asia is expected to exhibit significant growth due to the increasing adoption of natural gas as a cleaner alternative fuel in countries like China and India. North America is also a key region in the market, driven by a growing focus on reducing carbon emissions and promoting sustainable transportation solutions. In Europe, stringent environmental regulations and government incentives for the use of CNG vehicles are boosting market growth. The Middle East and Africa region is witnessing a rise in CNG infrastructure development, supported by abundant natural gas reserves. Latin America is experiencing a steady increase in CNG vehicle sales, particularly in countries like Argentina and Brazil, driven by cost savings and environmental benefits associated with CNG usage.
Global Compressed Natural Gas (CNG) Tanks/Cylinders Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume, 2021 & 2031F |
3.3 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market - Industry Life Cycle |
3.4 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market - Porter's Five Forces |
3.5 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume Share, By Raw Materials, 2021 & 2031F |
3.8 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Trends |
6 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, 2021 - 2031 |
6.1 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type-1, 2021 - 2031 |
6.1.3 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type-2, 2021 - 2031 |
6.1.4 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type-3, 2021 - 2031 |
6.1.5 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type-4, 2021 - 2031 |
6.2 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Raw Materials, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Metal, 2021 - 2031 |
6.2.3 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Glass Fiber, 2021 - 2031 |
6.2.4 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Carbon Fiber, 2021 - 2031 |
6.3 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Light duty vehicles (LDVs), 2021 - 2031 |
6.3.3 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Medium duty vehicles (MDVs), 2021 - 2031 |
6.3.4 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Heavy duty vehicles (HDVs), 2021 - 2031 |
7 North America Compressed Natural Gas (CNG) Tanks/Cylinders Market, Overview & Analysis |
7.1 North America Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume, 2021 - 2031 |
7.2 North America Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Raw Materials, 2021 - 2031 |
7.5 North America Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8 Latin America (LATAM) Compressed Natural Gas (CNG) Tanks/Cylinders Market, Overview & Analysis |
8.1 Latin America (LATAM) Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Raw Materials, 2021 - 2031 |
8.5 Latin America (LATAM) Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9 Asia Compressed Natural Gas (CNG) Tanks/Cylinders Market, Overview & Analysis |
9.1 Asia Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Raw Materials, 2021 - 2031 |
9.5 Asia Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10 Africa Compressed Natural Gas (CNG) Tanks/Cylinders Market, Overview & Analysis |
10.1 Africa Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Raw Materials, 2021 - 2031 |
10.5 Africa Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11 Europe Compressed Natural Gas (CNG) Tanks/Cylinders Market, Overview & Analysis |
11.1 Europe Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Raw Materials, 2021 - 2031 |
11.5 Europe Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12 Middle East Compressed Natural Gas (CNG) Tanks/Cylinders Market, Overview & Analysis |
12.1 Middle East Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Raw Materials, 2021 - 2031 |
12.5 Middle East Compressed Natural Gas (CNG) Tanks/Cylinders Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
13 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Key Performance Indicators |
14 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market - Export/Import By Countries Assessment |
15 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market - Opportunity Assessment |
15.1 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Opportunity Assessment, By Raw Materials, 2021 & 2031F |
15.4 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
16 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market - Competitive Landscape |
16.1 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Revenue Share, By Companies, 2024 |
16.2 Global Compressed Natural Gas (CNG) Tanks/Cylinders Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |