CNG Tanks Market Size - Share, Growth, Analysis, Trends

The size of the global CNG (Compressed Natural Gas) tanks market was worth around USD 2.76 billion in 2024 and is predicted to grow to around USD 5.45 billion by 2032, with a compound annual growth rate (CAGR) of roughly 6.34% between 2025 and 2032. The report analyzes the CNG tanks market's drivers and restraints and the impact they have on demand throughout the projection period. Additionally, it explores emerging opportunities across global and regional markets.

CNG Tanks Market Overview:

CNG tanks are pressure vessels designed to store compressed natural gas at high pressures for use in fuel and transportation applications. Rising adoption of clean fuel alternatives, stringent emission regulations, and growing demand for lightweight, high-pressure gas storage systems are fuelling the market. CNG is increasingly being adopted in fleet and public transport sectors due to its cost-effectiveness and lower carbon footprint compared to diesel and petrol.

The CNG tanks market is a critical component of the global shift towards cleaner alternative fuels, primarily driven by the increasing adoption of Compressed Natural Gas (CNG) as a viable substitute for gasoline and diesel in various applications. These tanks are specialized pressure vessels designed to safely store natural gas at high pressures, typically ranging from 200 to 250 bar (2900-3600 psi). The market is diverse, encompassing various types of tanks categorized by their construction materials and designs. Type 1 tanks are all-metal (steel or aluminum) and are the most economical and robust, widely used in industrial and stationary applications. Type 2 tanks feature a metal liner hoop-wrapped with composite materials, offering a balance of strength and reduced weight. Type 3 tanks have a thin metal liner fully wrapped with composite materials, while Type 4 tanks feature a non-metallic (plastic) liner fully wrapped with composite materials, primarily carbon fiber, making them the lightest and most advanced. The overall market growth is intrinsically linked to rising environmental concerns, stringent emission regulations, and the economic benefits of CNG over traditional liquid fuels.

A significant trend within the CNG tanks market is the relentless pursuit of light weighting and enhanced storage capacity, particularly for automotive applications. The shift from heavier, all-metal (Type 1) tanks to lighter, composite-wrapped (Type 2, 3, and especially Type 4) tanks is a major dynamic. Carbon fiber, with its superior strength-to-weight ratio, is increasingly becoming the material of choice for advanced Type 4 tanks. These lighter tanks significantly improve the fuel efficiency and range of CNG-powered vehicles, making them more competitive with gasoline and diesel counterparts. For instance, a Type 4 tank can be up to 70% lighter than a comparable steel tank, directly translating to increased payload capacity for commercial vehicles and better performance for passenger cars. This focus on advanced composite materials not only reduces weight but also enhances safety features, such as improved resistance to rupture and impact. Manufacturers are continuously investing in research and development to optimize composite structures, winding techniques, and resin systems to push the boundaries of pressure capacity and durability while reducing production costs.

The market's expansion is further propelled by the growing adoption of CNG vehicles across various segments, from passenger cars and light commercial vehicles to heavy-duty trucks and buses. Governments worldwide are actively promoting CNG as a cleaner fuel alternative through various incentives, subsidies, and favourable regulations aimed at reducing emissions and improving air quality in urban centers. This policy support, combined with the relatively lower cost of natural gas compared to petrol or diesel in many regions, is making CNG an attractive option for fleet operators and individual consumers alike. Furthermore, innovations in tank design are enabling better integration into vehicle architectures, such as the development of dual-cylinder CNG tank technologies that optimize boot space in passenger cars. Beyond vehicles, CNG tanks are also finding increasing application in stationary power generation, industrial processes, and as storage solutions for CNG refuelling stations, diversifying the market's revenue streams and ensuring a broad base for continued growth.

Key Findings:

• As per analysis, the global CNG tanks market is expected to grow at a CAGR of 6.34% between 2025 and 2032.

• In terms of revenue, the market stood at USD 2.76 billion in 2024 and is projected to reach USD 5.45 billion by 2032.

• The Carbon Fiber segment leads the material type category due to its strength-to-weight advantages.

• Type 4 tanks are expected to dominate the tank type segment owing to their lightweight composite construction.

• In terms of application, the Transportation segment is anticipated to command the largest share.

• Asia-Pacific is projected to dominate the global market due to strong government support and growing automotive production.

CNG Tanks Market Dynamics:

One of the major drivers of the CNG tanks market is the increasing demand for alternative fuels that produce lower greenhouse gas emissions. CNG is gaining traction as a cleaner fuel substitute, particularly in countries focused on reducing their carbon footprint. Governments worldwide are offering subsidies and policy incentives to encourage CNG adoption in both public and private vehicle fleets, boosting the need for efficient and high-capacity CNG storage systems.

Additionally, growth in logistics and public transportation is pushing the demand for high-capacity, lightweight CNG tanks. As fuel cost savings become a priority for transportation businesses, CNG emerges as a favourable option. The operational efficiency and reduced maintenance costs of CNG-powered vehicles support broader CNG usage. This is contributing to higher demand for advanced tank types like Type 3 and Type 4 that offer better performance and durability.

Technological advancements in composite materials and tank design are transforming the industry. Carbon fiber reinforced tanks offer up to 70% weight reduction compared to metal alternatives, increasing vehicle efficiency and range. As production scales up and costs fall, adoption of Type 4 tanks is likely to accelerate, particularly in heavy-duty transportation. Furthermore, companies are focusing on enhancing tank safety, thermal resistance, and pressure-holding capabilities to meet evolving regulatory and end-user demands.

The CNG tanks market is profoundly shaped by the evolving landscape of global energy policy and environmental regulations. Governments worldwide are increasingly implementing stringent emission standards for vehicles and industries to combat air pollution and mitigate climate change. This regulatory pressure is a primary driver for the adoption of cleaner alternative fuels like Compressed Natural Gas (CNG). Policies that offer incentives, subsidies, and tax benefits for CNG-powered vehicles and infrastructure development directly stimulate demand for CNG tanks. For instance, in many countries, lower taxes on CNG fuel or vehicle purchase subsidies make CNG a more economically attractive option than gasoline or diesel. This governmental push creates a stable and growing demand for CNG tanks across various vehicle segments, including passenger cars, light commercial vehicles, and heavy-duty trucks and buses. The long-term commitment of nations to decarbonization and improving air quality in urban centers will continue to be a fundamental dynamic influencing market growth.

Another critical dynamic is the continuous technological advancement in materials science and manufacturing processes, specifically the shift towards lightweight composite tanks. Historically, CNG tanks were made entirely of steel (Type 1), which, while robust, added significant weight to vehicles, impacting fuel efficiency and range. The market is now rapidly transitioning towards Type 3 (metal liner, composite wrapped) and especially Type 4 (non-metallic liner, fully composite wrapped) tanks, predominantly using carbon fiber. These advanced composite tanks offer a dramatically superior strength-to-weight ratio, being up to 70% lighter than their steel counterparts. This weight reduction directly translates to improved vehicle performance, extended driving range, and enhanced fuel economy, making CNG vehicles more competitive and appealing to consumers and fleet operators. Manufacturers are heavily investing in research and development to refine composite winding techniques, improve resin systems, and explore new materials to further reduce weight, increase pressure capacity, and lower manufacturing costs, thereby accelerating the adoption of these high-performance tanks.

Despite the strong tailwinds, the CNG tanks market faces significant challenges, notably the high initial cost of composite tanks and the limited refuelling infrastructure in many regions. While Type 4 composite tanks offer substantial long-term benefits in terms of fuel efficiency and performance, their manufacturing process involves expensive raw materials like carbon fiber and advanced production techniques, resulting in a higher upfront cost compared to traditional metal tanks. This higher capital expenditure can be a barrier to entry for some consumers and smaller fleet operators, particularly in price-sensitive markets. Furthermore, the availability of CNG refuelling stations remains a crucial bottleneck in many parts of the world. Unlike gasoline or diesel, which have extensive fuelling networks, the limited number and geographical spread of CNG stations can cause "range anxiety" for drivers and impede widespread adoption. Addressing this infrastructure gap through public and private investments is essential for the market's continued expansion. Additionally, competition from other alternative fuels like electric vehicles (EVs) and hydrogen fuel cell vehicles, which are also vying for market share in the green transportation segment, adds another layer of complexity to the competitive landscape.

CNG Tanks Market: Segmentation Analysis

By Material Type: Traditional CNG tanks made of steel or aluminum are still used for their lower cost and durability. In 2024, metal tanks held a market share of over 35%, primarily in developing markets where cost considerations outweigh weight efficiency.

In 2024, carbon fiber tanks accounted for the highest revenue share of around 45%, thanks to their superior strength-to-weight ratio. Their use in modern light-duty and heavy-duty vehicles is increasing due to improved fuel efficiency and extended range.

Glass Fiber, with a niche share of approximately 20% in 2024, glass fiber CNG tanks serve as a mid-range option offering cost and weight benefits. They are mainly adopted in fleet vehicles in urban environments.

By Tank Type, Type 1, These all-metal tanks represented about 30% of the market in 2024 and are widely used in low-cost, legacy applications.

Type 2, With a metal liner and hoop-wrapped composite, Type 2 tanks held around 20% share. They provide moderate weight savings and cost-efficiency for fleet operators.

Type 3, Featuring a fully-wrapped composite shell and a metal liner, Type 3 tanks accounted for roughly 25% share in 2024. They offer enhanced performance and are used in modern commercial and passenger vehicles.

Type 4, These all-composite, lightweight tanks commanded nearly 25% of the market in 2024 and are projected to witness the highest growth due to their weight advantage and suitability for high-performance vehicles.

By Application: CNG tanks used in fuel storage systems accounted for about 40% of the market in 2024. These systems are commonly found in refuelling infrastructure and stationary storage applications.

Transportation, Dominating the segment with over 60% market share in 2024, transportation applications include buses, commercial vehicles, and passenger cars. The growing demand for low-emission vehicles and the expansion of CNG fuelling infrastructure are driving growth in this segment.

CNG Tanks Market Regional Analysis:

Asia-Pacific leads the global CNG tanks market with more than 40% share in 2024, driven by strong automotive production, government CNG adoption mandates, and the expansion of CNG infrastructure in countries such as China, India, and Pakistan. North America follows, with growing fleet conversion and favourable tax incentives, especially in the U.S. and Canada. Europe is also witnessing steady growth due to tightening emissions regulations and increased investment in alternative fuel vehicles. Emerging economies in Latin America and the Middle East & Africa are showing potential for future expansion, propelled by infrastructure development and urban mobility initiatives.

North America's CNG tanks market is experiencing growing momentum, albeit at a different pace and with distinct drivers compared to other regions. While historically more dominated by gasoline and diesel, increasing environmental consciousness and government initiatives aimed at reducing emissions are stimulating the adoption of CNG. The abundance of natural gas resources in the United States and Canada makes CNG an economically attractive and domestically sourced alternative fuel. Demand for CNG tanks in this region is primarily driven by the conversion of commercial fleets, including buses, refuse trucks, and last-mile delivery vehicles, where the operational cost savings and environmental benefits of CNG are most pronounced. There's also a growing interest in Type 4 composite tanks (carbon fiber wrapped) due to their significant weight reduction benefits, which are crucial for optimizing fuel efficiency and payload capacity, aligning with the industry's focus on performance and efficiency. Federal and state-level incentives, though varying, play a crucial role in encouraging fleet operators to invest in CNG vehicles and associated infrastructure, including fueling stations, which in turn fuels the demand for CNG tanks.

Europe's CNG tanks market is mature and well-established, significantly propelled by stringent environmental regulations and strong government support for cleaner transportation. Many European countries have actively promoted natural gas vehicles (NGVs) through tax incentives, subsidies, and the development of extensive CNG refuelling station networks. This has led to a considerable installed base of CNG-powered passenger cars and commercial vehicles. The emphasis on reducing urban air pollution and achieving decarbonization targets has firmly positioned CNG as a viable alternative fuel. While Type 1 and Type 2 tanks are still prevalent, there's a clear trend towards the adoption of lighter Type 3 and Type 4 composite tanks, especially for new vehicle models, to further enhance fuel efficiency and vehicle range, meeting the sophisticated demands of European consumers and fleet operators. Continuous investment in expanding the CNG infrastructure and the increasing availability of biomethane (renewable natural gas or RNG) further solidify Europe's position as a leading market for CNG tanks.

The Asia Pacific region currently dominates the global CNG tanks market and is projected to maintain its leadership due to robust growth drivers. The immense population, rapid urbanization, and severe air pollution issues in countries like China and India are powerful catalysts for the adoption of CNG as a cleaner fuel. Governments in these nations have implemented aggressive policies, including significant subsidies for CNG vehicle purchases and extensive development of CNG fuelling infrastructure, to combat pollution and reduce reliance on imported oil. This has led to a massive increase in CNG-powered vehicles across all segments, from passenger cars to public transport and commercial fleets. While Type 1 and Type 2 tanks remain widely used due to cost-effectiveness, there's a growing demand for lighter Type 3 and Type 4 composite tanks as the market matures and vehicle manufacturers seek to improve performance and range. The sheer scale of vehicle production and the vast number of new CNG fuelling stations being built contribute significantly to the high demand for CNG tanks in this region.

The Middle East and Africa (MEA) region represents an evolving and increasingly important market for CNG tanks. In the Middle East, particularly the Gulf Cooperation Council (GCC) countries, the abundant domestic natural gas reserves make CNG a logical and economically attractive alternative fuel. Governments are increasingly looking to diversify their energy mix and reduce air pollution from the transportation sector, leading to investments in CNG infrastructure and vehicle conversions. While the adoption rate is not as widespread as in Asia Pacific, there's a growing interest in CNG for public transport fleets and commercial vehicles. In Africa, the market is nascent but shows significant potential as economies develop and energy security becomes a greater concern. Countries with natural gas reserves are exploring CNG as a way to utilize domestic resources and reduce fuel import bills. Challenges include the relatively high initial cost of converting vehicles and developing refuelling infrastructure, as well as varying regulatory frameworks. However, the long-term potential, driven by environmental benefits and energy independence, is fostering gradual growth in demand for CNG tanks across the MEA region.

Recent Developments:

• 2024: Hexagon Agility announced expansion of its composite tank production to meet rising global demand.

• 2023: Worthington Industries launched a new lightweight tank series targeting commercial vehicle OEMs.

CNG Tanks Market: Competitive Landscape:

Key players operating in the global CNG tanks market include Hexagon Composites ASA, Worthington Industries, Luxfer Group, Faber Industrie SpA, Quantum Fuel Systems LLC, Avanco Group, CIMC Enric, Everest Kanto Cylinder Ltd., INOXCVA, and Toyota Motor Corporation. These companies are focusing on product innovation, cost-effective manufacturing, and expanding their geographic presence. Strategic collaborations with automotive OEMs and investments in composite material R&D are central to gaining a competitive edge in this evolving market.

The global CNG Tanks market is segmented as follows:

By Material Type Segment Analysis: 

• Metal

• Carbon Fiber

• Glass Fiber

By Tank Type Segment Analysis: 

• Type 1

• Type 2

• Type 3

• Type 4

By Application Segment Analysis:

• Fuel 

• Transportation

By Region:

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany 

• France

• UK

• Spain

• Italy

• Rest of Europe

• Asia-Pacific

• China

• Japan

• India

• Australia

• South Korea

• Southeast Asia

• Rest of Asia-Pacific

• Latin America

• Brazil

• Argentina

• Rest of Latin America

• The Middle East & Africa

• GCC Countries

• South Africa

• Rest of the Middle East & Africa

Frequently Asked Questions (FAQs):

1. What is a CNG Tank?

CNG (Compressed Natural Gas) tanks are high-pressure storage vessels used to contain natural gas in a compressed form. These tanks are primarily used in vehicles and stationary fuel systems to store and deliver natural gas efficiently and safely.

2. Which key factors will influence the CNG tanks market growth over 2025–2032?

The global CNG tanks market is expected to grow due to increasing adoption of low-emission alternative fuels, government support for natural gas vehicles (NGVs), expansion of CNG infrastructure, and technological advancements in lightweight composite tank materials.

3. What will be the value of the CNG tanks market during 2025–2032?

According to the study, the global CNG tanks market size was worth around USD 2.76 billion in 2024 and is predicted to grow to around USD 5.45 billion by 2032.

4. What will be the CAGR value of the CNG tanks market during 2025–2032?

The CAGR value of the CNG tanks market is expected to be around 6.34% during 2025–2032.

5. Which region will contribute notably towards the CNG tanks market value?

The global CNG tanks market is led by the Asia-Pacific region, driven by expanding CNG refuelling infrastructure, increasing demand for clean transportation, and government incentives promoting natural gas vehicles in countries such as China and India.

6. Which are the major players leveraging the CNG tanks market growth?

The global CNG tanks market is led by players such as Hexagon Agility, Worthington Industries, Luxfer Gas Cylinders, Faber Industrie SpA, Quantum Fuel Systems, Lincoln Composites, Avanco Group, Ullit SA, CIMC Enric, and Time Technoplast Ltd.

7. What can be expected from the global CNG tanks market report?

The report explores crucial aspects of the CNG tanks market, including a detailed discussion of growth drivers and restraints, analysis of key market segments such as tank type and material type, and a regional and competitive landscape that outlines future growth opportunities and challenges impacting the market.

Table of Content

1. Introduction

1. Report Description

2. Purpose of the Report

3. USP & Key Offerings

4. Key Benefits for Stakeholders

5. Report Scope

2. Executive Summary

1. CNG Tanks Market Snapshot

2. Global CNG Tanks Market, Revenue (USD Million) and Volume (000 Units), 2020 - 2032

3. CNG Tanks Market – Industry Analysis

1. Introduction

2. Market Drivers

1. Driving Factor 1 Analysis

2. Driving Factor 2 Analysis

3. Driving Factor 3 Analysis

3. Market Restraints

1. Restraining Factor 1 Analysis

2. Restraining Factor 2 Analysis

3. Restraining Factor 3 Analysis

4. Growth Opportunities

1. Opportunity 1

2. Opportunity 1

5. Porter’s Five Forces Analysis

6. Value Chain Analysis

7. PESTEL Analysis

4. Key Investment Pockets Analysis

1. CNG Tanks Market Attractiveness Analysis, By Region

2. CNG Tanks Market Attractiveness Analysis, By Material Type

3. CNG Tanks Market Attractiveness Analysis, By Tank Type

4. CNG Tanks Market Attractiveness Analysis, By Application 

5. Competitive Landscape

1. Company Market Share Analysis – 2024

2. Global CNG Tanks Market: Company Revenue Market Share, 2024

3. Global CNG Tanks Market: Company Volume Market Share, 2024

4. Strategic Developments

1. Acquisitions & Mergers

2. New Product Launch

3. Regional Expansion

6. CNG Tanks Market – By Material Type Segment Analysis

1. CNG Tanks Market Overview, by Material Type Segment

2. CNG Tanks Market Revenue Share, By Material Type, 2024 and 2032

3. CNG Tanks Market Volume Share, By Material Type, 2024 and 2032

1. Metal

2. Carbon Fiber

3. Glass Fiber

7. CNG Tanks Market – By Tank Type Segment Analysis

1. CNG Tanks Market Overview, by Tank Type Segment

2. CNG Tanks Market Revenue Share, By Tank Type, 2024 and 2032

3. CNG Tanks Market Volume Share, By Tank Type, 2024 and 2032

1. Type 1

2. Type 2

3. Type 3

4. Type 4

8. CNG Tanks Market – By Application Segment Analysis

1. CNG Tanks Market Overview, by Application Segment

2. CNG Tanks Market Revenue Share, By Application, 2024 and 2032

3. CNG Tanks Market Volume Share, By Application, 2024 and 2032

1. Fuel 

2. Transportation

9. CNG Tanks Market – Regional Analysis

1. CNG Tanks Market Overview, by Region Segment

2. Global CNG Tanks Market Revenue Share, By Region, 2024 and 2032

3. Global CNG Tanks Market Volume Share, By Region, 2024 and 2032

4. Regions

1. Global CNG Tanks Market Revenue, By Region, 2020 - 2032 (USD Million)

2. Global CNG Tanks Market Volume, By Region, 2020 - 2032 (000 Units)

5. Material Type

1. Global CNG Tanks Market Revenue, By Material Type, 2020 - 2032 (USD Million)

2. Global CNG Tanks Market Volume, By Material Type, 2020 - 2032 (000 Units)

6. Tank Type

1. Global CNG Tanks Market Revenue, By Tank Type, 2020 - 2032 (USD Million)

2. Global CNG Tanks Market Volume, By Tank Type, 2020 - 2032 (000 Units)

7. Application

1. Global CNG Tanks Market Revenue, By Application, 2020 - 2032 (USD Million)

2. Global CNG Tanks Market Volume, By Application, 2020 - 2032 (000 Units)

10. North America CNG Tanks Market – Country Analysis

1. North America CNG Tanks Market Overview, by Country Segment

2. North America CNG Tanks Market Revenue Share, By Country, 2024 and 2032

3. North America CNG Tanks Market Volume Share, By Country, 2024 and 2032

4. North America

1. North America CNG Tanks Market Revenue, By Country, 2020 - 2032 (USD Million)

2. North America CNG Tanks Market Volume, By Country, 2020 - 2032 (000 Units)

3. Material Type

1. North America CNG Tanks Market Revenue, By Material Type, 2020 - 2032 (USD Million)

2. North America CNG Tanks Market Volume, By Material Type, 2020 - 2032 (000 Units)

4. Tank Type

1. North America CNG Tanks Market Revenue, By Tank Type, 2020 - 2032 (USD Million)

2. North America CNG Tanks Market Volume, By Tank Type, 2020 - 2032 (000 Units)

5. Application

1. North America CNG Tanks Market Revenue, By Application, 2020 - 2032 (USD Million)

2. North America CNG Tanks Market Volume, By Application, 2020 - 2032 (000 Units)

1. U.S.

2. Canada

3. Mexico

11. Europe CNG Tanks Market – Country Analysis

1. Europe CNG Tanks Market Overview, by Country Segment

2. Europe CNG Tanks Market Revenue Share, By Country, 2024 and 2032

3. Europe

1. Europe CNG Tanks Market Revenue, By Country, 2020 - 2032 (USD Million)

2. Europe CNG Tanks Market Volume, By Country, 2020 - 2032 (000 Units)

3. Material Type

1. Europe CNG Tanks Market Revenue, By Material Type, 2020 - 2032 (USD Million)

2. Europe CNG Tanks Market Volume, By Material Type, 2020 - 2032 (000 Units)

4. Tank Type

1. Europe CNG Tanks Market Revenue, By Tank Type, 2020 - 2032 (USD Million)

2. Europe CNG Tanks Market Volume, By Tank Type, 2020 - 2032 (000 Units)

5. Application

1. Europe CNG Tanks Market Revenue, By Application, 2020 - 2032 (USD Million)

2. Europe CNG Tanks Market Volume, By Application, 2020 - 2032 (000 Units)

1. Germany

2. France

3. UK

4. Italy

5. Spain

6. Russia

7. Rest of Europe

12. Asia Pacific CNG Tanks Market – Country Analysis

1. Asia Pacific CNG Tanks Market Overview, by Country Segment

2. Asia Pacific CNG Tanks Market Revenue Share, By Country, 2024 and 2032

3. Asia Pacific

1. Asia Pacific CNG Tanks Market Revenue, By Country, 2020 - 2032 (USD Million)

2. Asia Pacific CNG Tanks Market Volume, By Country, 2020 - 2032 (000 Units)

3. Material Type

1. Asia Pacific CNG Tanks Market Revenue, By Material Type, 2020 - 2032 (USD Million)

2. Asia Pacific CNG Tanks Market Volume, By Material Type, 2020 - 2032 (000 Units)

4. Tank Type

1. Asia Pacific CNG Tanks Market Revenue, By Tank Type, 2020 - 2032 (USD Million)

2. Asia Pacific CNG Tanks Market Volume, By Tank Type, 2020 - 2032 (000 Units)

5. Application

1. Asia Pacific CNG Tanks Market Revenue, By Application, 2020 - 2032 (USD Million)

2. Asia Pacific CNG Tanks Market Volume, By Application, 2020 - 2032 (000 Units)

1. China

2. Japan

3. South Korea

4. India

5. Australia

6. Southeast Asia

7. Rest of Asia Pacific

13. Latin America CNG Tanks Market – Country Analysis

1. Latin America CNG Tanks Market Overview, by Country Segment

2. Latin America CNG Tanks Market Revenue Share, By Country, 2024 and 2032

3. Latin America

1. Latin America CNG Tanks Market Revenue, By Country, 2020 - 2032 (USD Million)

2. Latin America CNG Tanks Market Volume, By Country, 2020 - 2032 (000 Units)

3. Material Type

1. Latin America CNG Tanks Market Revenue, By Material Type, 2020 - 2032 (USD Million)

2. Latin America CNG Tanks Market Volume, By Material Type, 2020 - 2032 (000 Units)

4. Tank Type

1. Latin America CNG Tanks Market Revenue, By Tank Type, 2020 - 2032 (USD Million)

2. Latin America CNG Tanks Market Volume, By Tank Type, 2020 - 2032 (000 Units)

5. Application

1. Latin America CNG Tanks Market Revenue, By Application, 2020 - 2032 (USD Million)

2. Latin America CNG Tanks Market Volume, By Application, 2020 - 2032 (000 Units)

1. Brazil

2. Argentina

3. Rest of Latin America

14. Middle East CNG Tanks Market – Country Analysis

1. Middle East CNG Tanks Market Overview, by Country Segment

2. Middle East CNG Tanks Market Revenue Share, By Country, 2024 and 2032

3. Middle East

1. Middle East CNG Tanks Market Revenue, By Country, 2020 - 2032 (USD Million)

2. Middle East CNG Tanks Market Volume, By Country, 2020 - 2032 (000 Units)

3. Material Type

1. Middle East CNG Tanks Market Revenue, By Material Type, 2020 - 2032 (USD Million)

2. Middle East CNG Tanks Market Volume, By Material Type, 2020 - 2032 (000 Units)

4. Tank Type

1. Middle East CNG Tanks Market Revenue, By Tank Type, 2020 - 2032 (USD Million)

2. Middle East CNG Tanks Market Volume, By Tank Type, 2020 - 2032 (000 Units)

5. Application

1. Middle East CNG Tanks Market Revenue, By Application, 2020 - 2032 (USD Million)

2. Middle East CNG Tanks Market Volume, By Application, 2020 - 2032 (000 Units)

1. GCC Countries

2. Israel

3. Turkey

4. Iran

5. Rest of Middle East

15. Africa CNG Tanks Market – Country Analysis

1. Africa CNG Tanks Market Overview, by Country Segment

2. Africa CNG Tanks Market Revenue Share, By Country, 2024 and 2032

3. Africa

1. Africa CNG Tanks Market Revenue, By Country, 2020 - 2032 (USD Million)

2. Africa CNG Tanks Market Volume, By Country, 2020 - 2032 (000 Units)

3. Material Type

1. Africa CNG Tanks Market Revenue, By Material Type, 2020 - 2032 (USD Million)

2. Africa CNG Tanks Market Volume, By Material Type, 2020 - 2032 (000 Units)

4. Tank Type

1. Africa CNG Tanks Market Revenue, By Tank Type, 2020 - 2032 (USD Million)

2. Africa CNG Tanks Market Volume, By Tank Type, 2020 - 2032 (000 Units)

5. Application

1. Africa CNG Tanks Market Revenue, By Application, 2020 - 2032 (USD Million)

2. Africa CNG Tanks Market Volume, By Application, 2020 - 2032 (000 Units)

1. South Africa

2. Egypt

3. Nigeria

4. Rest of Africa

16. Company Profiles

1. Hexagon Composites ASA

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

2. Worthington Industries

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

3. Luxfer Group

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

4. Faber Industrie SpA

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

5. Quantum Fuel Systems LLC

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

6. Avanco Group

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

7. CIMC Enric

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

8. Everest Kanto Cylinder Ltd.

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

9. INOXCVA

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

10. Toyota Motor Corporation

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

11. Others 

1. Company Overview

2. Product Portfolio

3. Financial Overview

4. Recent Developments

5. Growth Strategy

6. SWOT Analysis

List of Figures

1. Global CNG Tanks Market Revenue, Revenue (USD Million) and Volume (000 Units), 2020 - 2032

2. Competition Analysis

3. Porter’s Five Forces Analysis

4. Value Chain Analysis

5. PESTEL Analysis

6. CNG Tanks Market Attractiveness Analysis, By Region

7. CNG Tanks Market Attractiveness Analysis, By Material Type

8. CNG Tanks Market Attractiveness Analysis, By Tank Type

9. CNG Tanks Market Attractiveness Analysis, By Application

10. Company Revenue Share Analysis, 2024

11. CNG Tanks Market – Company Revenue Market Share, 2024

12. CNG Tanks Market – Company Volume Market Share, 2024

13. CNG Tanks Market Revenue Share, By Material Type, 2024 and 2032

14. Global CNG Tanks Market for Metal, Revenue (USD Million) and Volume (000 Units), 2020 - 2032

15. Global CNG Tanks Market for Carbon Fiber, Revenue (USD Million) and Volume (000 Units), 2020 – 2032

16. Global CNG Tanks Market for Glass Fiber, Revenue (USD Million) and Volume (000 Units), 2020 - 2032

17. CNG Tanks Market Revenue Share, By Tank Type, 2024 and 2032

18. Global CNG Tanks Market for Type 1, Revenue (USD Million) and Volume (000 Units), 2020 - 2032

19. Global CNG Tanks Market for Type 2, Revenue (USD Million) and Volume (000 Units), 2020 – 2032

20. Global CNG Tanks Market for Type 3, Revenue (USD Million) and Volume (000 Units), 2020 – 2032

21. Global CNG Tanks Market for Type 4, Revenue (USD Million) and Volume (000 Units), 2020 – 2032

22. CNG Tanks Market Revenue Share, By Application, 2024 and 2032

23. Global CNG Tanks Market for Fuel, Revenue (USD Million) and Volume (000 Units), 2020 - 2032

24. Global CNG Tanks Market for Transportation, Revenue (USD Million) and Volume (000 Units), 2020 – 2032

25. Global CNG Tanks Market Revenue Share, By Region, 2024 and 2032

26. Global CNG Tanks Market Volume Share, By Region, 2024 and 2032

27. North America CNG Tanks Market Revenue Share, By Country, 2024 and 2032

28. North America CNG Tanks Market Volume Share, By Country, 2024 and 2032

29. Europe CNG Tanks Market Revenue Share, By Country, 2024 and 2032

30. Europe CNG Tanks Market Volume Share, By Country, 2024 and 2032

31. Asia Pacific CNG Tanks Market Revenue Share, By Country, 2024 and 2032

32. Asia Pacific CNG Tanks Market Volume Share, By Country, 2024 and 2032

33. Latin America CNG Tanks Market Revenue Share, By Country, 2024 and 2032

34. Latin America CNG Tanks Market Volume Share, By Country, 2024 and 2032

35. Middle East CNG Tanks Market Revenue Share, By Country, 2024 and 2032

36. Middle East CNG Tanks Market Volume Share, By Country, 2024 and 2032

37. Africa CNG Tanks Market Revenue Share, By Country, 2024 and 2032

38. Africa CNG Tanks Market Volume Share, By Country, 2024 and 2032

39. Growth Strategy

40. SWOT Analysis

41. Research Methodology

 

List of Tables

1. Global CNG Tanks Market: Snapshot

2. Drivers for the CNG Tanks Market: Impact Analysis

3. Restraints for the CNG Tanks Market: Impact Analysis

4. Global CNG Tanks Market Revenue, By Region, 2020 - 2026 (USD Million)

5. Global CNG Tanks Market Volume, By Region, 2020 - 2026 (000 Units)

6. Global CNG Tanks Market Revenue, By Region, 2027 - 2032 (USD Million)

7. Global CNG Tanks Market Volume, By Region, 2027 - 2032 (000 Units)

8. Global CNG Tanks Market Revenue, By Material Type, 2020 - 2026 (USD Million

9. Global CNG Tanks Market Volume, By Material Type, 2020 - 2026 (000 Units)

10. Global CNG Tanks Market Revenue, By Material Type, 2027 - 2032 (USD Million)

11. Global CNG Tanks Market Volume, By Material Type, 2027 - 2032 (000 Units)

12. Global CNG Tanks Market Revenue, By Tank Type, 2020 - 2026 (USD Million)

13. Global CNG Tanks Market Volume, By Tank Type, 2020 - 2026 (000 Units)

14. Global CNG Tanks Market Revenue, By Tank Type, 2027 - 2032 (USD Million)

15. Global CNG Tanks Market Volume, By Tank Type, 2027 - 2032 (000 Units)

16. Global CNG Tanks Market Revenue, By Application, 2020 - 2026 (USD Million)

17. Global CNG Tanks Market Volume, By Application, 2020 - 2026 (000 Units)

18. Global CNG Tanks Market Revenue, By Application, 2027 - 2032 (USD Million)

19. Global CNG Tanks Market Volume, By Application, 2027 - 2032 (000 Units)

20. Global CNG Tanks Market Revenue, By Distribution Channel, 2020 - 2026 (USD Million)

21. Global CNG Tanks Market Volume, By Distribution Channel, 2020 - 2026 (000 Units)

22. Global CNG Tanks Market Revenue, By Distribution Channel, 2027 - 2032 (USD Million)

23. Global CNG Tanks Market Volume, By Distribution Channel, 2027 - 2032 (000 Units)

24. North America CNG Tanks Market Revenue, By Country, 2020 - 2026 (USD Million)

25. North America CNG Tanks Market Volume, By Country, 2020 - 2026 (000 Units)

26. North America CNG Tanks Market Revenue, By Country, 2027 - 2032 (USD Million)

27. North America CNG Tanks Market Volume, By Country, 2027 - 2032 (000 Units)

28. North America CNG Tanks Market Revenue, By Material Type, 2020 - 2026 (USD Million

29. North America CNG Tanks Market Volume, By Material Type, 2020 - 2026 (000 Units)

30. North America CNG Tanks Market Revenue, By Material Type, 2027 - 2032 (USD Million)

31. North America CNG Tanks Market Volume, By Material Type, 2027 - 2032 (000 Units)

32. North America CNG Tanks Market Revenue, By Tank Type, 2020 - 2026 (USD Million)

33. North America CNG Tanks Market Volume, By Tank Type, 2020 - 2026 (000 Units)

34. North America CNG Tanks Market Revenue, By Tank Type, 2027 - 2032 (USD Million)

35. North America CNG Tanks Market Volume, By Tank Type, 2027 - 2032 (000 Units)

36. North America CNG Tanks Market Revenue, By Application, 2020 - 2026 (USD Million)

37. North America CNG Tanks Market Volume, By Application, 2020 - 2026 (000 Units)

38. North America CNG Tanks Market Revenue, By Application, 2027 - 2032 (USD Million)

39. North America CNG Tanks Market Volume, By Application, 2027 - 2032 (000 Units)

40. North America CNG Tanks Market Revenue, By Distribution Channel, 2020 - 2026 (USD Million)

41. North America CNG Tanks Market Volume, By Distribution Channel, 2020 - 2026 (000 Units)

42. North America CNG Tanks Market Revenue, By Distribution Channel, 2027 - 2032 (USD Million)

43. North America CNG Tanks Market Volume, By Distribution Channel, 2027 - 2032 (000 Units)

44. Europe CNG Tanks Market Revenue, By Country, 2020 - 2026 (USD Million)

45. Europe CNG Tanks Market Volume, By Country, 2020 - 2026 (000 Units)

46. Europe CNG Tanks Market Revenue, By Country, 2027 - 2032 (USD Million)

47. Europe CNG Tanks Market Volume, By Country, 2027 - 2032 (000 Units)

48. Europe CNG Tanks Market Revenue, By Material Type, 2020 - 2026 (USD Million

49. Europe CNG Tanks Market Volume, By Material Type, 2020 - 2026 (000 Units)

50. Europe CNG Tanks Market Revenue, By Material Type, 2027 - 2032 (USD Million)

51. Europe CNG Tanks Market Volume, By Material Type, 2027 - 2032 (000 Units)

52. Europe CNG Tanks Market Revenue, By Tank Type, 2020 - 2026 (USD Million)

53. Europe CNG Tanks Market Volume, By Tank Type, 2020 - 2026 (000 Units)

54. Europe CNG Tanks Market Revenue, By Tank Type, 2027 - 2032 (USD Million)

55. Europe CNG Tanks Market Volume, By Tank Type, 2027 - 2032 (000 Units)

56. Europe CNG Tanks Market Revenue, By Application, 2020 - 2026 (USD Million)

57. Europe CNG Tanks Market Volume, By Application, 2020 - 2026 (000 Units)

58. Europe CNG Tanks Market Revenue, By Application, 2027 - 2032 (USD Million)

59. Europe CNG Tanks Market Volume, By Application, 2027 - 2032 (000 Units)

60. Europe CNG Tanks Market Revenue, By Distribution Channel, 2020 - 2026 (USD Million)

61. Europe CNG Tanks Market Volume, By Distribution Channel, 2020 - 2026 (000 Units)

62. Europe CNG Tanks Market Revenue, By Distribution Channel, 2027 - 2032 (USD Million)

63. Europe CNG Tanks Market Volume, By Distribution Channel, 2027 - 2032 (000 Units)

64. Asia Pacific CNG Tanks Market Revenue, By Country, 2020 - 2026 (USD Million)

65. Asia Pacific CNG Tanks Market Volume, By Country, 2020 - 2026 (000 Units)

66. Asia Pacific CNG Tanks Market Revenue, By Country, 2027 - 2032 (USD Million)

67. Asia Pacific CNG Tanks Market Volume, By Country, 2027 - 2032 (000 Units)

68. Asia Pacific CNG Tanks Market Revenue, By Material Type, 2020 - 2026 (USD Million

69. Asia Pacific CNG Tanks Market Volume, By Material Type, 2020 - 2026 (000 Units)

70. Asia Pacific CNG Tanks Market Revenue, By Material Type, 2027 - 2032 (USD Million)

71. Asia Pacific CNG Tanks Market Volume, By Material Type, 2027 - 2032 (000 Units)

72. Asia Pacific CNG Tanks Market Revenue, By Tank Type, 2020 - 2026 (USD Million)

73. Asia Pacific CNG Tanks Market Volume, By Tank Type, 2020 - 2026 (000 Units)

74. Asia Pacific CNG Tanks Market Revenue, By Tank Type, 2027 - 2032 (USD Million)

75. Asia Pacific CNG Tanks Market Volume, By Tank Type, 2027 - 2032 (000 Units)

76. Asia Pacific CNG Tanks Market Revenue, By Application, 2020 - 2026 (USD Million)

77. Asia Pacific CNG Tanks Market Volume, By Application, 2020 - 2026 (000 Units)

78. Asia Pacific CNG Tanks Market Revenue, By Application, 2027 - 2032 (USD Million)

79. Asia Pacific CNG Tanks Market Volume, By Application, 2027 - 2032 (000 Units)

80. Asia Pacific CNG Tanks Market Revenue, By Distribution Channel, 2020 - 2026 (USD Million)

81. Asia Pacific CNG Tanks Market Volume, By Distribution Channel, 2020 - 2026 (000 Units)

82. Asia Pacific CNG Tanks Market Revenue, By Distribution Channel, 2027 - 2032 (USD Million)

83. Asia Pacific CNG Tanks Market Volume, By Distribution Channel, 2027 - 2032 (000 Units)

84. Latin America CNG Tanks Market Revenue, By Country, 2020 - 2026 (USD Million)

85. Latin America CNG Tanks Market Volume, By Country, 2020 - 2026 (000 Units)

86. Latin America CNG Tanks Market Revenue, By Country, 2027 - 2032 (USD Million)

87. Latin America CNG Tanks Market Volume, By Country, 2027 - 2032 (000 Units)

88. Latin America CNG Tanks Market Revenue, By Material Type, 2020 - 2026 (USD Million

89. Latin America CNG Tanks Market Volume, By Material Type, 2020 - 2026 (000 Units)

90. Latin America CNG Tanks Market Revenue, By Material Type, 2027 - 2032 (USD Million)

91. Latin America CNG Tanks Market Volume, By Material Type, 2027 - 2032 (000 Units)

92. Latin America CNG Tanks Market Revenue, By Tank Type, 2020 - 2026 (USD Million)

93. Latin America CNG Tanks Market Volume, By Tank Type, 2020 - 2026 (000 Units)

94. Latin America CNG Tanks Market Revenue, By Tank Type, 2027 - 2032 (USD Million)

95. Latin America CNG Tanks Market Volume, By Tank Type, 2027 - 2032 (000 Units)

96. Latin America CNG Tanks Market Revenue, By Application, 2020 - 2026 (USD Million)

97. Latin America CNG Tanks Market Volume, By Application, 2020 - 2026 (000 Units)

98. Latin America CNG Tanks Market Revenue, By Application, 2027 - 2032 (USD Million)

99. Latin America CNG Tanks Market Volume, By Application, 2027 - 2032 (000 Units)

100. Latin America CNG Tanks Market Revenue, By Distribution Channel, 2020 - 2026 (USD Million)

101. Latin America CNG Tanks Market Volume, By Distribution Channel, 2020 - 2026 (000 Units)

102. Latin America CNG Tanks Market Revenue, By Distribution Channel, 2027 - 2032 (USD Million)

103. Latin America CNG Tanks Market Volume, By Distribution Channel, 2027 - 2032 (000 Units)

104. Middle East CNG Tanks Market Revenue, By Country, 2020 - 2026 (USD Million)

105. Middle East CNG Tanks Market Volume, By Country, 2020 - 2026 (000 Units)

106. Middle East CNG Tanks Market Revenue, By Country, 2027 - 2032 (USD Million)

107. Middle East CNG Tanks Market Volume, By Country, 2027 - 2032 (000 Units)

108. Middle East CNG Tanks Market Revenue, By Material Type, 2020 - 2026 (USD Million

109. Middle East CNG Tanks Market Volume, By Material Type, 2020 - 2026 (000 Units)

110. Middle East CNG Tanks Market Revenue, By Material Type, 2027 - 2032 (USD Million)

111. Middle East CNG Tanks Market Volume, By Material Type, 2027 - 2032 (000 Units)

112. Middle East CNG Tanks Market Revenue, By Tank Type, 2020 - 2026 (USD Million)

113. Middle East CNG Tanks Market Volume, By Tank Type, 2020 - 2026 (000 Units)

114. Middle East CNG Tanks Market Revenue, By Tank Type, 2027 - 2032 (USD Million)

115. Middle East CNG Tanks Market Volume, By Tank Type, 2027 - 2032 (000 Units)

116. Middle East CNG Tanks Market Revenue, By Application, 2020 - 2026 (USD Million)

117. Middle East CNG Tanks Market Volume, By Application, 2020 - 2026 (000 Units)

118. Middle East CNG Tanks Market Revenue, By Application, 2027 - 2032 (USD Million)

119. Middle East CNG Tanks Market Volume, By Application, 2027 - 2032 (000 Units)

120. Middle East CNG Tanks Market Revenue, By Distribution Channel, 2020 - 2026 (USD Million)

121. Middle East CNG Tanks Market Volume, By Distribution Channel, 2020 - 2026 (000 Units)

122. Middle East CNG Tanks Market Revenue, By Distribution Channel, 2027 - 2032 (USD Million)

123. Middle East CNG Tanks Market Volume, By Distribution Channel, 2027 - 2032 (000 Units)

124. Africa CNG Tanks Market Revenue, By Country, 2020 - 2026 (USD Million)

125. Africa CNG Tanks Market Volume, By Country, 2020 - 2026 (000 Units)

126. Africa CNG Tanks Market Revenue, By Country, 2027 - 2032 (USD Million)

127. Africa CNG Tanks Market Volume, By Country, 2027 - 2032 (000 Units)

128. Africa CNG Tanks Market Revenue, By Material Type, 2020 - 2026 (USD Million

129. Africa CNG Tanks Market Volume, By Material Type, 2020 - 2026 (000 Units)

130. Africa CNG Tanks Market Revenue, By Material Type, 2027 - 2032 (USD Million)

131. Africa CNG Tanks Market Volume, By Material Type, 2027 - 2032 (000 Units)

132. Africa CNG Tanks Market Revenue, By Tank Type, 2020 - 2026 (USD Million)

133. Africa CNG Tanks Market Volume, By Tank Type, 2020 - 2026 (000 Units)

134. Africa CNG Tanks Market Revenue, By Tank Type, 2027 - 2032 (USD Million)

135. Africa CNG Tanks Market Volume, By Tank Type, 2027 - 2032 (000 Units)

136. Africa CNG Tanks Market Revenue, By Application, 2020 - 2026 (USD Million)

137. Africa CNG Tanks Market Volume, By Application, 2020 - 2026 (000 Units)

138. Africa CNG Tanks Market Revenue, By Application, 2027 - 2032 (USD Million)

139. Africa CNG Tanks Market Volume, By Application, 2027 - 2032 (000 Units)

140. Africa CNG Tanks Market Revenue, By Distribution Channel, 2020 - 2026 (USD Million)

141. Africa CNG Tanks Market Volume, By Distribution Channel, 2020 - 2026 (000 Units)

142. Africa CNG Tanks Market Revenue, By Distribution Channel, 2027 - 2032 (USD Million)

143. Africa CNG Tanks Market Volume, By Distribution Channel, 2027 - 2032 (000 Units)