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Growth Opportunities in the Global CNG Tank Market

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NEW YORK, July 17, 2017 /PRNewswire/ — The global CNG tank market looks attractive with opportunities in automotive and bulk transportation applications. The global CNG tank market is expected to reach an estimated $1.3 billion by 2022 and grow at a CAGR of 5.1% from 2017 to 2022. The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and lower cost of natural gas than gasoline and diesel.

Read the full report: http://www.reportlinker.com/p05001495/Growth-Opportunities-in-the-Global-CNG-Tank-Market.html

Emerging trends, which have a direct impact on the dynamics of the industry, include the increase in green fleet and development of type V tanks.

A total of 95 figures / charts and 68 tables are provided in this 136-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this CNG tank industry report, download the report brochure.

The study includes the CNG tank market size and forecast for the global CNG tank market through 2022 by application, tank type, material consumption, and region as follows:

CNG Tank Market by Application [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:
Automotive Bulk Transportation
CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:
Type I Type II Type III Type IV
CNG Tank Market by Material Market [Volume (Million lbs) and Value ($ Million) from 2011 to 2022]:
Metal Glass Fiber Composite Carbon Fiber Composite Metal
CNG Tank Market by Region [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:
North America Europe Asia Pacific Rest of the World
Automotive CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:
Type I Type II Type III Type IV
Automotive CNG Tank Market by Vehicle Type [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:
Light Duty Vehicle Heavy Duty Vehicle (bus, trucks, etc.)
Bulk Transportation CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:
Type I Type II Type III Type IV

CNG tank companies profiled in this market include Hexagon Composites ASA, Luxfer Gas Cylinder, Worthington Cylinders, Faber Industries S.p.A., and Everest Kanto Cylinder Ltd. are among the major suppliers of CNG tanks.

On the basis of comprehensive research, Lucintel forecasts that the bulk transportation segment will show above average growth during the forecast period. Within the global CNG tank market, the automotive segment is

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