Lucintel Forecasts Cng Tank Market To Reach $2,051 Million By 2030

By Author: Lucintel LLC
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According to the recent study the CNG tank market is projected to reach an estimated $2,051 million by 2030 from $1075 million in 2023 at a CAGR of 10% from 2023 to 2030. Growth in this market is primarily driven by increasing number of natural gas vehicles (NGVs) and lower cost of natural gas than gasoline and diesel.
Browse 94 figures/charts and 68 tables in this 162-page report to understand trends, opportunities and forecast in CNG tank market by end use (automotive and bulk transportation), tank type (Type I, Type II, Type III, Type IV), material consumption (metal, glass fiber composites, and carbon fiber composites), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that automotive will remain the largest end use industry.
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Type I, CNG tank will remain the largest segment over the forecast period by tank type.
APAC is expected to remain the largest region over the forecast period for CNG tanks.
Faber Industrie, Hexagon Composites, Everest Kanto Cylinder, CIMC Enric, Worthington Cylindersare ...
... are the major suppliers in the CNG tank market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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