Global Automotive Compressed Natural Gas Cylinders
Market Report
2025
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 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Automotive Compressed Natural Gas Cylinders Market Report 2025.
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.
2021 | 2025 | 2033 | CAGR | |
---|---|---|---|---|
Global Automotive Compressed Natural Gas Cylinders Market Sales Revenue | 121212 | 121212 | 121212 | 10.01% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
|
Market Split by Application |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Report scope is customizable as we have a huge database of Automotive Compressed Natural Gas Cylinders industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
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.
We have various report editions of Automotive Compressed Natural Gas Cylinders Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
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)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
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.
Get Free Sample
Global Automotive Compressed Natural Gas Cylinders Market Report 2025 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!
Segmenting the Automotive Compressed Natural Gas Cylinders market by Application is essential for understanding industry dynamics and identifying key demand drivers. Application refer to the specific use cases or end-user industries that rely on Automotive Compressed Natural Gas Cylinders products and services. These applications span a wide range of sectors, including healthcare, manufacturing, retail, aerospace, automotive, and telecommunications, among others. By analyzing the market based on its applications, businesses can gain valuable insights into which industries are adopting Automotive Compressed Natural Gas Cylinders solutions most effectively and where new opportunities are emerging. Additionally, tracking application trends helps identify high-growth industries, areas of innovation, and market saturation levels, allowing companies to strategically position themselves in the most promising and profitable segments.
(Contact us for industry-specific insights tailored to your business needs.)
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.
To learn more about market share request the free sample pages.
Get Free Sample
Research Associate at Cognitive Market Research
Sumedha Gosavi is a Research Analyst with a specialized focus on the automobile and transportation sectors. With over two years of experience, she excels in conducting in-depth secondary research, competitive analysis, and market forecasting to deliver actionable insights that drive strategic decision-making.
In her current role, Sumedha leads research initiatives in the dynamic fields of automotive and transportation, identifying key trends, technological advancements, and market opportunities. Her ability to craft tailored research methodologies and distill complex data into clear, impactful strategies has been instrumental in enhancing her organization’s competitive edge.
With a deep passion for innovation in mobility and a commitment to continuous learning, Sumedha remains at the forefront of industry developments. Her expertise and analytical acumen make her an invaluable asset in navigating the ever evolving landscape of automobile and transportation research.
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.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
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 has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Automotive Compressed Natural Gas Cylinders. Further deep in this chapter, you will be able to review North America Automotive Compressed Natural Gas Cylinders Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Automotive Compressed Natural Gas Cylinders. Further deep in this chapter, you will be able to review Europe Automotive Compressed Natural Gas Cylinders Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Automotive Compressed Natural Gas Cylinders. Further deep in this chapter, you will be able to review Asia Pacific Automotive Compressed Natural Gas Cylinders Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Automotive Compressed Natural Gas Cylinders. Further deep in this chapter, you will be able to review South America Automotive Compressed Natural Gas Cylinders Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Automotive Compressed Natural Gas Cylinders. Further deep in this chapter, you will be able to review Middle East Automotive Compressed Natural Gas Cylinders Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Automotive Compressed Natural Gas Cylinders. Further deep in this chapter, you will be able to review Middle East Automotive Compressed Natural Gas Cylinders Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Automotive Compressed Natural Gas Cylinders. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging 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.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
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 2021 - 2033
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 2021 - 2033
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.
Chapter 13 Research Methodology and Sources
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 |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|