| Product Code: ETC6738652 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, China saw significant import shipments of CNG tanks cylinders, with top exporters being South Korea, USA, Japan, UK, and Indonesia. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at 1.42, indicating steady growth. The growth rate from 2023 to 2024 surged to an impressive 31.31%, reflecting a rapid expansion in the import market for CNG tanks cylinders in China.

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 China CNG Tanks Cylinders Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China CNG Tanks Cylinders Market Revenues & Volume, 2021 & 2031F |
3.3 China CNG Tanks Cylinders Market - Industry Life Cycle |
3.4 China CNG Tanks Cylinders Market - Porter's Five Forces |
3.5 China CNG Tanks Cylinders Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 China CNG Tanks Cylinders Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 China CNG Tanks Cylinders Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 China CNG Tanks Cylinders Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.9 China CNG Tanks Cylinders Market Revenues & Volume Share, By Composite Type, 2021 & 2031F |
3.10 China CNG Tanks Cylinders Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 China CNG Tanks Cylinders Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting the use of CNG as a cleaner alternative fuel |
4.2.2 Increasing awareness about environmental concerns and the need for sustainable energy solutions |
4.2.3 Growing demand for natural gas as a fuel in industries and transportation sector |
4.3 Market Restraints |
4.3.1 High initial investment cost for CNG tanks and cylinders |
4.3.2 Limited availability of refueling infrastructure for CNG vehicles |
4.3.3 Safety concerns related to the use of CNG tanks and cylinders |
5 China CNG Tanks Cylinders Market Trends |
6 China CNG Tanks Cylinders Market, By Types |
6.1 China CNG Tanks Cylinders Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 China CNG Tanks Cylinders Market Revenues & Volume, By Material Type, 2021- 2031F |
6.1.3 China CNG Tanks Cylinders Market Revenues & Volume, By Type I (Metal), 2021- 2031F |
6.1.4 China CNG Tanks Cylinders Market Revenues & Volume, By Type II (Metal Liner with Hoop-Wrapped Composite), 2021- 2031F |
6.1.5 China CNG Tanks Cylinders Market Revenues & Volume, By Type III (Metal Liner with Fully Wrapped Composite), 2021- 2031F |
6.1.6 China CNG Tanks Cylinders Market Revenues & Volume, By Type IV (Full Composite), 2021- 2031F |
6.2 China CNG Tanks Cylinders Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 China CNG Tanks Cylinders Market Revenues & Volume, By Light-Duty Vehicles, 2021- 2031F |
6.2.3 China CNG Tanks Cylinders Market Revenues & Volume, By Medium-Duty Vehicles, 2021- 2031F |
6.2.4 China CNG Tanks Cylinders Market Revenues & Volume, By Heavy-Duty Vehicles, 2021- 2031F |
6.3 China CNG Tanks Cylinders Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 China CNG Tanks Cylinders Market Revenues & Volume, By On-board CNG Tanks, 2021- 2031F |
6.3.3 China CNG Tanks Cylinders Market Revenues & Volume, By Stationary CNG Tanks, 2021- 2031F |
6.4 China CNG Tanks Cylinders Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 China CNG Tanks Cylinders Market Revenues & Volume, By Transportation, 2021- 2031F |
6.4.3 China CNG Tanks Cylinders Market Revenues & Volume, By Industrial, 2021- 2031F |
6.5 China CNG Tanks Cylinders Market, By Composite Type |
6.5.1 Overview and Analysis |
6.5.2 China CNG Tanks Cylinders Market Revenues & Volume, By Carbon Fiber Reinforced Composite, 2021- 2031F |
6.5.3 China CNG Tanks Cylinders Market Revenues & Volume, By Glass Fiber Reinforced Composite, 2021- 2031F |
6.6 China CNG Tanks Cylinders Market, By Distribution Channel |
6.6.1 Overview and Analysis |
6.6.2 China CNG Tanks Cylinders Market Revenues & Volume, By OEM, 2021- 2031F |
6.6.3 China CNG Tanks Cylinders Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 China CNG Tanks Cylinders Market Import-Export Trade Statistics |
7.1 China CNG Tanks Cylinders Market Export to Major Countries |
7.2 China CNG Tanks Cylinders Market Imports from Major Countries |
8 China CNG Tanks Cylinders Market Key Performance Indicators |
8.1 Number of new CNG refueling stations opened in China |
8.2 Percentage increase in the adoption of CNG vehicles in the transportation sector |
8.3 Amount of government subsidies allocated towards promoting CNG infrastructure and adoption |
8.4 Average age of CNG tanks and cylinders in use |
8.5 Maintenance cost trends for CNG tanks and cylinders |
9 China CNG Tanks Cylinders Market - Opportunity Assessment |
9.1 China CNG Tanks Cylinders Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 China CNG Tanks Cylinders Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 China CNG Tanks Cylinders Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 China CNG Tanks Cylinders Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.5 China CNG Tanks Cylinders Market Opportunity Assessment, By Composite Type, 2021 & 2031F |
9.6 China CNG Tanks Cylinders Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 China CNG Tanks Cylinders Market - Competitive Landscape |
10.1 China CNG Tanks Cylinders Market Revenue Share, By Companies, 2024 |
10.2 China CNG Tanks Cylinders Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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