Global Compressed Natural Gas (CNG) Cylinders Market Growth 2025-2031

The global Compressed Natural Gas (CNG) Cylinders market size is predicted to grow from US$ 1165 million in 2025 to US$ 1915 million in 2031; it is expected to grow at a CAGR of 8.6% from 2025 to 2031.

Compressed Natural Gas (CNG) Cylinders 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.

In the world wide, major manufactures mainly are Sinomatech, Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon Composites, etc. The top five players hold a share over 30%. China is the largest market, has a share about 42%, followed by America, and India, with share 18% and 16%, separately.

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

This Insight Report provides a comprehensive analysis of the global Compressed Natural Gas (CNG) Cylinders 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 Compressed Natural Gas (CNG) Cylinders portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Compressed Natural Gas (CNG) Cylinders market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Compressed Natural Gas (CNG) Cylinders 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 Compressed Natural Gas (CNG) Cylinders.

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

Segmentation by Type:
Type 1 CNG Cylinder
Type 2 CNG Cylinder
Type 3 CNG Cylinder
Type 4 CNG Cylinder

Segmentation by Application:
Passenger Car
Commercial Vehicle

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
Hexagon Agility
Worthington Industries
Luxfer Group
Hengyang Jinhua
Rama Cylinders
Beijing Tianhai Industry
CIMC ENRIC
Quantum Fuel Systems
Anhui Clean Energy
Faber Industrie
Zhejiang Jindun
Zhejiang Tianen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Compressed Natural Gas (CNG) Cylinders market?

What factors are driving Compressed Natural Gas (CNG) Cylinders market growth, globally and by region?

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

How do Compressed Natural Gas (CNG) Cylinders market opportunities vary by end market size?

How does Compressed Natural Gas (CNG) Cylinders break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.