The global market for CNG Tank (CNG Cylinder) was estimated to be worth US$ 1324 million in 2024 and is forecast to a readjusted size of US$ 2244 million by 2031 with a CAGR of 8.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on CNG Tank (CNG Cylinder) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
A CNG Tank (CNG Cylinder) is a high-pressure vessel used to store and transport compressed natural gas (CNG) safely. It is typically manufactured from high-strength steel, aluminum alloys, or composite materials reinforced with carbon or glass fibers. These containers can withstand working pressures up to 20-25 MPa and are widely used in vehicles, fueling stations, and storage facilities to deliver CNG as a clean energy source.
CNG Tanks (Compressed Natural Gas Cylinders) are critical high-pressure vessels designed to store and transport compressed natural gas for vehicle fuel systems and industrial applications. As natural gas adoption grows in emerging markets, the demand for safe, lightweight, and high-capacity cylinders is steadily expanding.
CNG cylinders are classified by structure and material into four main types:
Type I (All-steel cylinders): Rugged and affordable, widely used in low-cost applications.
Type II (Steel liner with hoop-wound fiberglass): Mid-level weight reduction and cost efficiency.
Type III (Aluminum liner fully wrapped with composite fiber): Significantly lighter and corrosion-resistant, suited for commercial vehicles.
Type IV (Plastic liner fully wrapped with carbon fiber): Ultra-lightweight, best fatigue performance, but the highest cost, used in long-range applications.
In India, Pakistan, Argentina, and parts of China, CNG vehicle fleets have expanded rapidly, supported by fuel savings and emission policies. India has become one of the fastest-growing markets, with double-digit annual growth. In China, the focus is shifting from fleet expansion to replacement cycles, stricter safety standards, and adoption of lighter composite cylinders.
Key trends driving the market include higher working pressures (moving toward 250-300 bar), growing Type III/IV adoption, integration of RFID and smart monitoring sensors, and development of dual-use storage solutions for hydrogen and CNG.
Global leaders like Hexagon Composites, Luxfer, Worthington, and Faber dominate high-end composite cylinder supply, while Chinese producers have scaled production of steel and mid-tier composite types but still rely on imported carbon fiber for advanced Type IV models.
This report aims to provide a comprehensive presentation of the global market for CNG Tank (CNG Cylinder), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of CNG Tank (CNG Cylinder) by region & country, by Type, and by Application.
The CNG Tank (CNG Cylinder) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CNG Tank (CNG Cylinder).
Market Segmentation
By Company
- 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
Segment by Type
- Type 1 CNG Cylinder
- Type 2 CNG Cylinder
- Type 3 CNG Cylinder
- Type 4 CNG Cylinder
Segment by Application
- Passenger Vehicles
- Commercial Vehicles
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of CNG Tank (CNG Cylinder) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of CNG Tank (CNG Cylinder) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of CNG Tank (CNG Cylinder) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 CNG Tank (CNG Cylinder) Product Introduction
- 1.2 Global CNG Tank (CNG Cylinder) Market Size Forecast
- 1.2.1 Global CNG Tank (CNG Cylinder) Sales Value (2020-2031)
- 1.2.2 Global CNG Tank (CNG Cylinder) Sales Volume (2020-2031)
- 1.2.3 Global CNG Tank (CNG Cylinder) Sales Price (2020-2031)
- 1.3 CNG Tank (CNG Cylinder) Market Trends & Drivers
- 1.3.1 CNG Tank (CNG Cylinder) Industry Trends
- 1.3.2 CNG Tank (CNG Cylinder) Market Drivers & Opportunity
- 1.3.3 CNG Tank (CNG Cylinder) Market Challenges
- 1.3.4 CNG Tank (CNG Cylinder) Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global CNG Tank (CNG Cylinder) Players Revenue Ranking (2024)
- 2.2 Global CNG Tank (CNG Cylinder) Revenue by Company (2020-2025)
- 2.3 Global CNG Tank (CNG Cylinder) Players Sales Volume Ranking (2024)
- 2.4 Global CNG Tank (CNG Cylinder) Sales Volume by Company Players (2020-2025)
- 2.5 Global CNG Tank (CNG Cylinder) Average Price by Company (2020-2025)
- 2.6 Key Manufacturers CNG Tank (CNG Cylinder) Manufacturing Base and Headquarters
- 2.7 Key Manufacturers CNG Tank (CNG Cylinder) Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of CNG Tank (CNG Cylinder)
- 2.9 CNG Tank (CNG Cylinder) Market Competitive Analysis
- 2.9.1 CNG Tank (CNG Cylinder) Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by CNG Tank (CNG Cylinder) Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in CNG Tank (CNG Cylinder) as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Type 1 CNG Cylinder
- 3.1.2 Type 2 CNG Cylinder
- 3.1.3 Type 3 CNG Cylinder
- 3.1.4 Type 4 CNG Cylinder
- 3.2 Global CNG Tank (CNG Cylinder) Sales Value by Type
- 3.2.1 Global CNG Tank (CNG Cylinder) Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global CNG Tank (CNG Cylinder) Sales Value, by Type (2020-2031)
- 3.2.3 Global CNG Tank (CNG Cylinder) Sales Value, by Type (%) (2020-2031)
- 3.3 Global CNG Tank (CNG Cylinder) Sales Volume by Type
- 3.3.1 Global CNG Tank (CNG Cylinder) Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global CNG Tank (CNG Cylinder) Sales Volume, by Type (2020-2031)
- 3.3.3 Global CNG Tank (CNG Cylinder) Sales Volume, by Type (%) (2020-2031)
- 3.4 Global CNG Tank (CNG Cylinder) Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Passenger Vehicles
- 4.1.2 Commercial Vehicles
- 4.1.3 Others
- 4.2 Global CNG Tank (CNG Cylinder) Sales Value by Application
- 4.2.1 Global CNG Tank (CNG Cylinder) Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global CNG Tank (CNG Cylinder) Sales Value, by Application (2020-2031)
- 4.2.3 Global CNG Tank (CNG Cylinder) Sales Value, by Application (%) (2020-2031)
- 4.3 Global CNG Tank (CNG Cylinder) Sales Volume by Application
- 4.3.1 Global CNG Tank (CNG Cylinder) Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global CNG Tank (CNG Cylinder) Sales Volume, by Application (2020-2031)
- 4.3.3 Global CNG Tank (CNG Cylinder) Sales Volume, by Application (%) (2020-2031)
- 4.4 Global CNG Tank (CNG Cylinder) Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global CNG Tank (CNG Cylinder) Sales Value by Region
- 5.1.1 Global CNG Tank (CNG Cylinder) Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global CNG Tank (CNG Cylinder) Sales Value by Region (2020-2025)
- 5.1.3 Global CNG Tank (CNG Cylinder) Sales Value by Region (2026-2031)
- 5.1.4 Global CNG Tank (CNG Cylinder) Sales Value by Region (%), (2020-2031)
- 5.2 Global CNG Tank (CNG Cylinder) Sales Volume by Region
- 5.2.1 Global CNG Tank (CNG Cylinder) Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global CNG Tank (CNG Cylinder) Sales Volume by Region (2020-2025)
- 5.2.3 Global CNG Tank (CNG Cylinder) Sales Volume by Region (2026-2031)
- 5.2.4 Global CNG Tank (CNG Cylinder) Sales Volume by Region (%), (2020-2031)
- 5.3 Global CNG Tank (CNG Cylinder) Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 5.4.2 North America CNG Tank (CNG Cylinder) Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 5.5.2 Europe CNG Tank (CNG Cylinder) Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 5.6.2 Asia Pacific CNG Tank (CNG Cylinder) Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 5.7.2 South America CNG Tank (CNG Cylinder) Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 5.8.2 Middle East & Africa CNG Tank (CNG Cylinder) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions CNG Tank (CNG Cylinder) Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions CNG Tank (CNG Cylinder) Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions CNG Tank (CNG Cylinder) Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 6.3.2 United States CNG Tank (CNG Cylinder) Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States CNG Tank (CNG Cylinder) Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 6.4.2 Europe CNG Tank (CNG Cylinder) Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe CNG Tank (CNG Cylinder) Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 6.5.2 China CNG Tank (CNG Cylinder) Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China CNG Tank (CNG Cylinder) Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 6.6.2 Japan CNG Tank (CNG Cylinder) Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan CNG Tank (CNG Cylinder) Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 6.7.2 South Korea CNG Tank (CNG Cylinder) Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea CNG Tank (CNG Cylinder) Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 6.8.2 Southeast Asia CNG Tank (CNG Cylinder) Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia CNG Tank (CNG Cylinder) Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India CNG Tank (CNG Cylinder) Sales Value, 2020-2031
- 6.9.2 India CNG Tank (CNG Cylinder) Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India CNG Tank (CNG Cylinder) Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Sinomatech
- 7.1.1 Sinomatech Company Information
- 7.1.2 Sinomatech Introduction and Business Overview
- 7.1.3 Sinomatech CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Sinomatech CNG Tank (CNG Cylinder) Product Offerings
- 7.1.5 Sinomatech Recent Development
- 7.2 Everest Kanto Cylinders
- 7.2.1 Everest Kanto Cylinders Company Information
- 7.2.2 Everest Kanto Cylinders Introduction and Business Overview
- 7.2.3 Everest Kanto Cylinders CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Everest Kanto Cylinders CNG Tank (CNG Cylinder) Product Offerings
- 7.2.5 Everest Kanto Cylinders Recent Development
- 7.3 Hexagon Agility
- 7.3.1 Hexagon Agility Company Information
- 7.3.2 Hexagon Agility Introduction and Business Overview
- 7.3.3 Hexagon Agility CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Hexagon Agility CNG Tank (CNG Cylinder) Product Offerings
- 7.3.5 Hexagon Agility Recent Development
- 7.4 Worthington Industries
- 7.4.1 Worthington Industries Company Information
- 7.4.2 Worthington Industries Introduction and Business Overview
- 7.4.3 Worthington Industries CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Worthington Industries CNG Tank (CNG Cylinder) Product Offerings
- 7.4.5 Worthington Industries Recent Development
- 7.5 Luxfer Group
- 7.5.1 Luxfer Group Company Information
- 7.5.2 Luxfer Group Introduction and Business Overview
- 7.5.3 Luxfer Group CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Luxfer Group CNG Tank (CNG Cylinder) Product Offerings
- 7.5.5 Luxfer Group Recent Development
- 7.6 Hengyang Jinhua
- 7.6.1 Hengyang Jinhua Company Information
- 7.6.2 Hengyang Jinhua Introduction and Business Overview
- 7.6.3 Hengyang Jinhua CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Hengyang Jinhua CNG Tank (CNG Cylinder) Product Offerings
- 7.6.5 Hengyang Jinhua Recent Development
- 7.7 Rama Cylinders
- 7.7.1 Rama Cylinders Company Information
- 7.7.2 Rama Cylinders Introduction and Business Overview
- 7.7.3 Rama Cylinders CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Rama Cylinders CNG Tank (CNG Cylinder) Product Offerings
- 7.7.5 Rama Cylinders Recent Development
- 7.8 Beijing Tianhai Industry
- 7.8.1 Beijing Tianhai Industry Company Information
- 7.8.2 Beijing Tianhai Industry Introduction and Business Overview
- 7.8.3 Beijing Tianhai Industry CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Beijing Tianhai Industry CNG Tank (CNG Cylinder) Product Offerings
- 7.8.5 Beijing Tianhai Industry Recent Development
- 7.9 CIMC ENRIC
- 7.9.1 CIMC ENRIC Company Information
- 7.9.2 CIMC ENRIC Introduction and Business Overview
- 7.9.3 CIMC ENRIC CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 CIMC ENRIC CNG Tank (CNG Cylinder) Product Offerings
- 7.9.5 CIMC ENRIC Recent Development
- 7.10 Quantum Fuel Systems
- 7.10.1 Quantum Fuel Systems Company Information
- 7.10.2 Quantum Fuel Systems Introduction and Business Overview
- 7.10.3 Quantum Fuel Systems CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Quantum Fuel Systems CNG Tank (CNG Cylinder) Product Offerings
- 7.10.5 Quantum Fuel Systems Recent Development
- 7.11 Anhui Clean Energy
- 7.11.1 Anhui Clean Energy Company Information
- 7.11.2 Anhui Clean Energy Introduction and Business Overview
- 7.11.3 Anhui Clean Energy CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Anhui Clean Energy CNG Tank (CNG Cylinder) Product Offerings
- 7.11.5 Anhui Clean Energy Recent Development
- 7.12 Faber Industrie
- 7.12.1 Faber Industrie Company Information
- 7.12.2 Faber Industrie Introduction and Business Overview
- 7.12.3 Faber Industrie CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Faber Industrie CNG Tank (CNG Cylinder) Product Offerings
- 7.12.5 Faber Industrie Recent Development
- 7.13 Zhejiang Jindun
- 7.13.1 Zhejiang Jindun Company Information
- 7.13.2 Zhejiang Jindun Introduction and Business Overview
- 7.13.3 Zhejiang Jindun CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Zhejiang Jindun CNG Tank (CNG Cylinder) Product Offerings
- 7.13.5 Zhejiang Jindun Recent Development
- 7.14 Zhejiang Tianen
- 7.14.1 Zhejiang Tianen Company Information
- 7.14.2 Zhejiang Tianen Introduction and Business Overview
- 7.14.3 Zhejiang Tianen CNG Tank (CNG Cylinder) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Zhejiang Tianen CNG Tank (CNG Cylinder) Product Offerings
- 7.14.5 Zhejiang Tianen Recent Development
8 Industry Chain Analysis
- 8.1 CNG Tank (CNG Cylinder) Industrial Chain
- 8.2 CNG Tank (CNG Cylinder) Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 CNG Tank (CNG Cylinder) Sales Model
- 8.5.2 Sales Channel
- 8.5.3 CNG Tank (CNG Cylinder) Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer