Global CNG Tank (CNG Cylinder) Market Growth 2025-2031

The global CNG Tank (CNG Cylinder) market size is predicted to grow from US$ 955 million in 2025 to US$ 1293 million in 2031; it is expected to grow at a CAGR of 5.2% from 2025 to 2031.

CNG Tank/Cylinder is made using the cylinder shape with a semi-spherical shape covering each end. The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.

The major players in global CNG Tank (CNG Cylinder) market include Everest Kanto Cylinders, Worthington Industries, Sinomatech, etc. The top 3 players occupy about 25% shares of the whole market. North America and Europe are main markets, they occupy about 50% of the global market. Type 2 CNG Tank is the main type, with a share about 40%. Passenger Vehicles is the key application, which holds a share about 70%.

LP Information, Inc. (LPI) ' newest research report, the “CNG Tank (CNG Cylinder) Industry Forecast” looks at past sales and reviews total world CNG Tank (CNG Cylinder) sales in 2024, providing a comprehensive analysis by region and market sector of projected CNG Tank (CNG Cylinder) sales for 2025 through 2031. With CNG Tank (CNG Cylinder) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world CNG Tank (CNG Cylinder) industry.

This Insight Report provides a comprehensive analysis of the global CNG Tank (CNG Cylinder) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on CNG Tank (CNG Cylinder) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global CNG Tank (CNG Cylinder) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CNG Tank (CNG Cylinder) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global CNG Tank (CNG Cylinder).

This report presents a comprehensive overview, market shares, and growth opportunities of CNG Tank (CNG Cylinder) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Type 1 CNG Tank
Type 2 CNG Tank
Type 3 CNG Tank
Type 4 CNG Tank
Others

Segmentation by Application:
Passenger Vehicles
Commercial Vehicles
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Sinomatech
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon Composites
Beijing Tianhai Industry
Rama Cylinders
Quantum Technologies
Faber Industrie
Praxair Technologies
CIMC ENRIC
Lianzhong Composites
Avanco Group
Ullit

Key Questions Addressed in this Report

What is the 10-year outlook for the global CNG Tank (CNG Cylinder) market?

What factors are driving CNG Tank (CNG Cylinder) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do CNG Tank (CNG Cylinder) market opportunities vary by end market size?

How does CNG Tank (CNG Cylinder) break out by Type, by Application?

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