Global Automotive Compressed Natural Gas Cylinders
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Automotive Compressed Natural Gas Cylinders market size was $5.77 Billion in 2022 and it is forecasted to reach $9.89 Billion by 2030. Automotive Compressed Natural Gas Cylinders Industry's Compound Annual Growth Rate will be 10.01% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Automotive Compressed Natural Gas Cylinders market size was $5.77 Billion in 2022 and it is forecasted to reach $9.89 Billion by 2030. Automotive Compressed Natural Gas Cylinders Industry's Compound Annual Growth Rate will be 10.01% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Compressed Natural Gas Cylinders Market Sales Revenue 2022 | $ 5.77 Billion |
Global Automotive Compressed Natural Gas Cylinders Market Sales Revenue 2030 | $ 9.89 Billion |
Global Automotive Compressed Natural Gas Cylinders Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.01% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Automotive Compressed Natural Gas Cylinders Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
CNG automobiles function similarly to gasoline-powered automobiles with internal combustion engines. The engine works in the same way that a gasoline engine does. Natural gas is normally stored in an oil tank, or chamber, at the rear of the vehicle.
The need for vehicles has increased as the population has grown. Almost every family in the world owns at least one vehicle. People rely on automobiles as a need is drastically increasing. People use automobiles to commute to work, visit another state, go on vacation, and do daily errands. Vehicles, in reality, are the most extensively utilized equipment for transportation and other basic everyday necessities.
According to the study, global car sales increased to roughly 66.7 million vehicles in 2021, up from around 63.8 million units in 2020. Almost half of the worldwide customers (46 percent) are thinking about buying a car in the next 12 months, up from 35% in April 2020. The usage of buses, trucks, and other commercial vehicle is also increased. To meet this rising demand vehicle production has been rising rapidly. This in turn drives the market growth.
Low acceptability and high initial installation costs of self-healing grid technology may stymie the industry’s growth. Electric car sales have expanded exponentially in recent years, owing to the enhanced range, wider model availability, and improved performance. Electric car sales set a new high in 2021 with 2020 sales nearly doubled to 6.6?million, increasing the total number of electric cars on the road to 16.5?million. This factor can decline the demand for CNG cylinders for automotive.
Compressed natural gas is an eco-friendly as well as an economical replacement to fuels like petrol and diesel. Thus, the consumption of natural gas is rising.
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In February 2021,
Nitin Gadkari, India's Union Road Transport and Highways Minister, unveiled the country's first diesel tractor, which has been converted to a cleaner (compressed natural gas) CNG version. Farmers could save more than $1 trillion each year on fuel expenditures as a result of this, which will help them enhance their livelihood.
Top Companies Market Share in Automotive Compressed Natural Gas Cylinders Industry: (In no particular order of Rank)
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Global Automotive Compressed Natural Gas Cylinders Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Compressed Natural Gas Cylinders Industry growth. Automotive Compressed Natural Gas Cylinders market has been segmented with the help of its Type, Application , and others. Automotive Compressed Natural Gas Cylinders market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Compressed Natural Gas Cylinders Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Compressed Natural Gas Cylinders from 2019 to 2031. This will also help to analyze the demand for Automotive Compressed Natural Gas Cylinders across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Automotive Compressed Natural Gas Cylinders are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Compressed Natural Gas Cylinders market report 2024 Edition by contacting our team.
Geographically, the global Automotive compressed natural gas cylinders market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the market owing to rising government support, growing urbanization, rising vehicle production, growing disposable income, and usage of innovative technologies for the manufacturing of automobiles.
The current report Scope analyzes Automotive Compressed Natural Gas Cylinders Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Compressed Natural Gas Cylinders Market is witnessing significant growth in the near future.
In 2023, the Steel segment accounted for noticeable share of global Automotive Compressed Natural Gas Cylinders Market and is projected to experience significant growth in the near future.
The Cars segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Worthington Industries, Avanco and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Steel, Aluminum Alloy, Composite Materials |
Application | Cars, SUV, Pickup Trucks, Commercial Vehicle |
List of Competitors | Worthington Industries, Hexagon, Avanco, Faber, Ulit, Beijing Tianhai Industry, EKC |
This chapter will help you gain GLOBAL Market Analysis of Automotive Compressed Natural Gas Cylinders. Further deep in this chapter, you will be able to review Global Automotive Compressed Natural Gas Cylinders Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Compressed Natural Gas Cylinders Market Trends North America Automotive Compressed Natural Gas Cylinders Technological Road Map North America Automotive Compressed Natural Gas Cylinders Market Drivers North America Automotive Compressed Natural Gas Cylinders Market Restraints North America Automotive Compressed Natural Gas Cylinders Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Compressed Natural Gas Cylinders market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Steel have a significant impact on Automotive Compressed Natural Gas Cylinders market? |
What are the key factors affecting the Steel and Aluminum Alloy of Automotive Compressed Natural Gas Cylinders Market? |
What is the CAGR/Growth Rate of Cars during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Compressed Natural Gas Cylinders Market? |
Which region is expected to dominate the global Automotive Compressed Natural Gas Cylinders Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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