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Compressed Natural Gas (CNG) Tanks & Cylinders Industry Research Report 2026
Market perspective
The global Compressed Natural Gas (CNG) Tanks & Cylinders market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Compressed Natural Gas (CNG) Tanks & Cylinders is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Compressed Natural Gas (CNG) Tanks & Cylinders is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Compressed Natural Gas (CNG) Tanks & Cylinders is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Compressed Natural Gas (CNG) Tanks & Cylinders include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Compressed Natural Gas (CNG) Tanks & Cylinders market in revenue (US$ million) and, where applicable, sales volume (units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Compressed Natural Gas (CNG) Tanks & Cylinders.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Compressed Natural Gas (CNG) Tanks & Cylinders Market by Company
Worthington Industries
Avanco Group
Sinomatech
Everest Kanto Cylinders
Beijing Tianhai Industry
Rama Cylinders
Quantum Technologies
Faber Industrie
CIMC ENRIC
Hexagon Composites ASA
Luxfer Group
Compressed Natural Gas (CNG) Tanks & Cylinders Segment by Type
Metals
Glass Fiber
Carbon Fiber
Compressed Natural Gas (CNG) Tanks & Cylinders Segment by Application
Light Duty Vehicles (LDVs)
Medium Duty Vehicles (MDVs)
Heavy Duty Vehicles (HDVs)
Compressed Natural Gas (CNG) Tanks & Cylinders Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Compressed Natural Gas (CNG) Tanks & Cylinders market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Compressed Natural Gas (CNG) Tanks & Cylinders and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Compressed Natural Gas (CNG) Tanks & Cylinders.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Compressed Natural Gas (CNG) Tanks & Cylinders manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Compressed Natural Gas (CNG) Tanks & Cylinders by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Compressed Natural Gas (CNG) Tanks & Cylinders in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces 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 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Metals
- Glass Fiber
- Carbon Fiber
Applications
- Light Duty Vehicles (LDVs)
- Medium Duty Vehicles (MDVs)
- Heavy Duty Vehicles (HDVs)
Companies covered
- Worthington Industries
- Avanco Group
- Sinomatech
- Everest Kanto Cylinders
- Beijing Tianhai Industry
- Rama Cylinders
- Quantum Technologies
- Faber Industrie
- CIMC ENRIC
- Hexagon Composites ASA
- Luxfer Group
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Compressed Natural Gas (CNG) Tanks & Cylinders by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Metals
- 2.2.3 Glass Fiber
- 2.2.4 Carbon Fiber
- 2.3 Compressed Natural Gas (CNG) Tanks & Cylinders by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Light Duty Vehicles (LDVs)
- 2.3.3 Medium Duty Vehicles (MDVs)
- 2.3.4 Heavy Duty Vehicles (HDVs)
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Compressed Natural Gas (CNG) Tanks & Cylinders Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production by Manufacturers (2021-2026)
- 3.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value by Manufacturers (2021-2026)
- 3.3 Global Compressed Natural Gas (CNG) Tanks & Cylinders Average Price by Manufacturers (2021-2026)
- 3.4 Global Compressed Natural Gas (CNG) Tanks & Cylinders Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Compressed Natural Gas (CNG) Tanks & Cylinders Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Compressed Natural Gas (CNG) Tanks & Cylinders Manufacturers, Product Type & Application
- 3.7 Global Compressed Natural Gas (CNG) Tanks & Cylinders Manufacturers Established Date
- 3.8 Global Compressed Natural Gas (CNG) Tanks & Cylinders Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Worthington Industries
- 4.1.1 Worthington Industries Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.1.2 Worthington Industries Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.1.3 Worthington Industries Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.1.4 Worthington Industries Product Portfolio
- 4.1.5 Worthington Industries Recent Developments
- 4.2 Avanco Group
- 4.2.1 Avanco Group Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.2.2 Avanco Group Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.2.3 Avanco Group Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.2.4 Avanco Group Product Portfolio
- 4.2.5 Avanco Group Recent Developments
- 4.3 Sinomatech
- 4.3.1 Sinomatech Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.3.2 Sinomatech Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.3.3 Sinomatech Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.3.4 Sinomatech Product Portfolio
- 4.3.5 Sinomatech Recent Developments
- 4.4 Everest Kanto Cylinders
- 4.4.1 Everest Kanto Cylinders Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.4.2 Everest Kanto Cylinders Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.4.3 Everest Kanto Cylinders Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.4.4 Everest Kanto Cylinders Product Portfolio
- 4.4.5 Everest Kanto Cylinders Recent Developments
- 4.5 Beijing Tianhai Industry
- 4.5.1 Beijing Tianhai Industry Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.5.2 Beijing Tianhai Industry Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.5.3 Beijing Tianhai Industry Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.5.4 Beijing Tianhai Industry Product Portfolio
- 4.5.5 Beijing Tianhai Industry Recent Developments
- 4.6 Rama Cylinders
- 4.6.1 Rama Cylinders Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.6.2 Rama Cylinders Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.6.3 Rama Cylinders Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.6.4 Rama Cylinders Product Portfolio
- 4.6.5 Rama Cylinders Recent Developments
- 4.7 Quantum Technologies
- 4.7.1 Quantum Technologies Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.7.2 Quantum Technologies Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.7.3 Quantum Technologies Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.7.4 Quantum Technologies Product Portfolio
- 4.7.5 Quantum Technologies Recent Developments
- 4.8 Faber Industrie
- 4.8.1 Faber Industrie Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.8.2 Faber Industrie Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.8.3 Faber Industrie Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.8.4 Faber Industrie Product Portfolio
- 4.8.5 Faber Industrie Recent Developments
- 4.9 CIMC ENRIC
- 4.9.1 CIMC ENRIC Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.9.2 CIMC ENRIC Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.9.3 CIMC ENRIC Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.9.4 CIMC ENRIC Product Portfolio
- 4.9.5 CIMC ENRIC Recent Developments
- 4.10 Hexagon Composites ASA
- 4.10.1 Hexagon Composites ASA Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.10.2 Hexagon Composites ASA Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.10.3 Hexagon Composites ASA Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.10.4 Hexagon Composites ASA Product Portfolio
- 4.10.5 Hexagon Composites ASA Recent Developments
- 4.11 Luxfer Group
- 4.11.1 Luxfer Group Compressed Natural Gas (CNG) Tanks & Cylinders Company Information
- 4.11.2 Luxfer Group Compressed Natural Gas (CNG) Tanks & Cylinders Business Overview
- 4.11.3 Luxfer Group Compressed Natural Gas (CNG) Tanks & Cylinders Production, Value and Gross Margin (2021-2026)
- 4.11.4 Luxfer Group Product Portfolio
- 4.11.5 Luxfer Group Recent Developments
5 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production by Region
- 5.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production by Region: 2021-2032
- 5.2.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production by Region: 2021-2026
- 5.2.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Forecast by Region (2027-2032)
- 5.3 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value by Region: 2021-2032
- 5.4.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value by Region: 2021-2026
- 5.4.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Forecast by Region (2027-2032)
- 5.5 Global Compressed Natural Gas (CNG) Tanks & Cylinders Market Price Analysis by Region (2021-2026)
- 5.6 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production and Value, YOY Growth
- 5.6.1 North America Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Estimates and Forecasts (2021-2032)
6 Global Compressed Natural Gas (CNG) Tanks & Cylinders Consumption by Region
- 6.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Consumption by Region (2021-2032)
- 6.2.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Consumption by Region: 2021-2026
- 6.2.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Compressed Natural Gas (CNG) Tanks & Cylinders Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Compressed Natural Gas (CNG) Tanks & Cylinders Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Compressed Natural Gas (CNG) Tanks & Cylinders Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Compressed Natural Gas (CNG) Tanks & Cylinders Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Compressed Natural Gas (CNG) Tanks & Cylinders Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Compressed Natural Gas (CNG) Tanks & Cylinders Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Compressed Natural Gas (CNG) Tanks & Cylinders Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Compressed Natural Gas (CNG) Tanks & Cylinders Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production by Type (2021-2032)
- 7.1.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production by Type (2021-2032) & (units)
- 7.1.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Market Share by Type (2021-2032)
- 7.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value by Type (2021-2032)
- 7.2.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Market Share by Type (2021-2032)
- 7.3 Global Compressed Natural Gas (CNG) Tanks & Cylinders Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production by Application (2021-2032)
- 8.1.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production by Application (2021-2032) & (units)
- 8.1.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Market Share by Application (2021-2032)
- 8.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value by Application (2021-2032)
- 8.2.1 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Compressed Natural Gas (CNG) Tanks & Cylinders Production Value Market Share by Application (2021-2032)
- 8.3 Global Compressed Natural Gas (CNG) Tanks & Cylinders Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Compressed Natural Gas (CNG) Tanks & Cylinders Value Chain Analysis
- 9.1.1 Compressed Natural Gas (CNG) Tanks & Cylinders Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Compressed Natural Gas (CNG) Tanks & Cylinders Production Mode & Process
- 9.2 Compressed Natural Gas (CNG) Tanks & Cylinders Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Compressed Natural Gas (CNG) Tanks & Cylinders Distributors
- 9.2.3 Compressed Natural Gas (CNG) Tanks & Cylinders Customers
10 Global Compressed Natural Gas (CNG) Tanks & Cylinders Analyzing Market Dynamics
- 10.1 Compressed Natural Gas (CNG) Tanks & Cylinders Industry Trends
- 10.2 Compressed Natural Gas (CNG) Tanks & Cylinders Industry Drivers
- 10.3 Compressed Natural Gas (CNG) Tanks & Cylinders Industry Opportunities and Challenges
- 10.4 Compressed Natural Gas (CNG) Tanks & Cylinders Industry Restraints
11 Report Conclusion
12 Disclaimer
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