圧縮天然ガス(CNG)タンク市場 – 2029年までの世界予測

Compressed Natural Gas (CNG) Tanks Market - Global Forecast to 2029

圧縮天然ガス(CNG)タンク市場 - 材料タイプ (金属、カーボンファイバー、グラスファイバー)、タンクタイプ (タイプ 1、タイプ 2、タイプ 3、タイプ 4)、用途タイプ (燃料、輸送)、および地域別 – 2029年までの世界予測
CNG Tanks Market by Material Type (Metal, Carbon Fiber, Glass Fiber), Tank Type (Type 1, Type 2, Type 3, Type 4), Application Type (Fuel, Transportation), and Region – Global Forecasts to 2029
出版社MarketsandMarkets
出版年月2025年3月
ページ数246
図表数381
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global CNG tanks market is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.5% from 2024 to 2029, with a projected value of USD 4.3 billion by 2029, up from USD 2.9 billion in 2024.

世界の圧縮天然ガス(CNG)タンク市場は、2024年から2029年にかけて年平均成長率(CAGR)8.5%で成長すると予想されており、予測価値は2024年の29億米ドルから2029年には43億米ドルに増加すると見込まれています。

This growth is observed because the focus has been shifted to clean energy production and there is legislation that seeks to check emissions of green house gases to the atmosphere. Since governments and organisations look for other sources than the traditional fossil fuels, the market for CNG tanks is in an upward trend, with its usage in CNG vehicles as well as in a variety of industries. Also, the fact that CNG is cheaper and environmentally friendly than gasoline and diesel also play along the economic factor that drives the demand for the vehicles and therefore CNG tanks, across the economies, markets and segments.

この成長は、クリーンエネルギー生産に焦点が移り、大気への温室効果ガスの排出を抑制する法律が制定されたために起きています。政府や組織が従来の化石燃料以外の燃料源を探しているため、CNG タンクの市場は上昇傾向にあり、CNG 車両だけでなくさまざまな業界で使用されています。また、CNG はガソリンやディーゼルよりも安価で環境に優しいという事実も、経済、市場、セグメント全体で車両、ひいては CNG タンクの需要を牽引する経済的要因となっています。

圧縮天然ガス(CNG)タンク市場 – 2029年までの世界予測
cng-tank-cylinder-market-oveview

“The Type 4 tanks to be the fastest growing segment in terms of value in the global CNG tanks.”

Type 4 tanks are expected to register the highest CAGR (Compound Annual Growth Rate) during the forecasted period, which illustrate the market demand and uptake of the tanks. Type 4 tanks are designed with light weight and advanced composite material and are far superior to metal tanks in safety, storage capacity and reduced vehicle weight. These advantages have made the Type 4 tanks well suitable for use in automobiles since efficiency is very important in these units. The subsequent rising concern of car manufacturers with regard to fuel efficiency as well as emissions standards, augmentation in the use of composite solutions augments the type 4 tanks demand. They are rapidly growing in the market also because of good policies and subsidies for green energy products.

“Metal material type is expected to dominate the market in terms of volume.”

Metal material type segment holds the largest share in global CNG tanks market, in terms of volume. The segment is leading the market because of high demandfor type 1 CNG tanks, which are made fully metallic. These tanks are special for their high strength and resistance as they are produced with fully metal body and can stand high pressure and tough climate. They are commonly used due to its relatively cheap compare to the composite tanks and has been used in the industry for many years. However, Type 1 tanks are still in use because of the easy fabrication process and widely available stocks of this type of tank as opposed to the relatively new advanced composite tanks. This continuous demand keeps on protecting the Type 1 tanks their position of having the highest average share in the market.

“Light-Duty Vehicles is estimated to be the fastest-growing segment during forecast period.”

Among all the vehicle type for CNG tanks, light-duty vehicles will exhibit the highest compound annual growth rate because compressed natural gas presents a better option than gasoline or diesel owing to cost and efficiency. Since cities today present high emission standards and environmental issues, light-duty automobiles such as cars and small pick-ups are now fitted with CNG tanks. Further, new technology in the vehicle that is used in CNG and widespread availability of the refueling stations as well as increase efficiency of the CNG tank also put into the picture that CNG is for transportation. The inclination towards reduction of operating expenses and increasing the fuel efficiency is instrumental in fostering high growth in this segment, making LDVs as an important growth factor for the CNG tanks market.

“Fuel tank application is the largest segment in terms of both value and volume.”

The fuel tank application holds the largest share in terms of volume and value of the CNG tanks market due its importance in feeding the operation of CNG vehicles. These tanks are used to store CNG and to fuel several automotive uses such as automobiles, buses, and trucks, which hence need storage in tanks with high capacities and reliability. The high number of tanks in use in the automotive industry is attributed to the high usage of CNG vehicles commonly enhanced by incentives and legislation that seek to improve the usage of cleaner fuels. Moreover, high values are associated with higher advanced engineering and safety features that qualify these tanks all round driving performance and durability. This testifies to extensive demand for fuel tanks and technology advancement making fuel tanks to retain a leading place in the CNG tanks market.

“Asia Pacific is the largest regional level market in the global CNG tanks market in terms of value and volume.”

Asia Pacific is to be the largest and fastest growing region for CNG tanks in terms of both volume and value attributed to rapid industrialization and urbanization coupled with increased focus towards adoption of cleaner fuels. For example, India is experiencing a rather rapid growth in terms of CNG station and vehicle deployments to have a response to high-smog levels and increasing environmental requirements. High level of growth in automotive industry of the region, enhanced government support and investment in CNG technology also puts high demand of the CNG tanks. Further, the technological growth in the fabrication of tanks and the growing concern for fuel economy and, thereby the associated cost also fuel the swift market growth. Such a dynamic growth path ensures the leadership of Asia Pacific in the CNG tanks market.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

  • By Company Type – Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
  • By Designation – C Level- 50%, Director Level- 30%, and Executives- 20%
  • By Region – North America- 15%, Europe- 50%, Asia Pacific- 20%, Middle East & Africa (MEA)-10%, Latin America-10%

The report provides a comprehensive analysis of company profiles listed below:

  • Worthington Enterprises (US)
  • Everest Kanto Cylinder (India)
  • Luxfer Group (UK)
  • Hexagon Composite ASA (Norway)
  • CIMC Enric (China)
  • Rama Cylinders Pvt Ltd (India)
  • Faber Industries SPA (Italy)
  • Quantam Fuel System LLC (US)
  • Jay Fe Cylinders Ltd. (India)
  • Galileo Technologies S.A. (Argentina)

Research Coverage

This report covers the global CNG tanks market and forecasts the market size until 2029. The report includes the market segmentation – Tank type (Type 1, Type 2, Type 3, Type 4), Material Type (Metal, Carbon fiber, Glass fiber), Application (Fuel tank, Transportation tank), Vehicle Type (LDV, MDV, HDV),  and Region (Europe, North America, APAC, Latin America, and MEA). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global CNG tanks market.

Key benefits of buying the report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall CNG tanks market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Rising demand for CNG-based vehicles)
  • Restraints (High cost of CNG tanks and requirement of regulatory approvals)
  • Opportunities (Introduction of lightweight composite material-based CNG cylinders)
  • Challenges (Development of electric cars and competition from alternative fuels)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the transportation composite market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the transportation composite market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the transportation composite market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Worthington Enterprises (US), Luxfer Holdings Plc (UK), Hexagon Composites ASA (Norway), Everest Kanto Cylinder Ltd (India), CIMIC Enric (CIna), Quantum Fuel Systems LLC (US) among others in the CNG tanks market.

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        CNG TANKS MARKET SEGMENTATION 26

1.3.2        YEARS CONSIDERED      27

1.3.3        INCLUSIONS & EXCLUSIONS       27

1.3.4        CURRENCY CONSIDERED            28

1.3.5        UNITS CONSIDERED      28

1.4           LIMITATIONS    28

1.5           STAKEHOLDERS               28

1.6           SUMMARY OF CHANGES               28

2               RESEARCH METHODOLOGY       29

2.1           RESEARCH APPROACH  29

2.1.1        SECONDARY DATA          30

2.1.1.1    Key data from secondary sources       30

2.1.2        PRIMARY DATA 30

2.1.2.1    Key data from secondary sources       31

2.1.2.2    Key primary participants     31

2.1.2.3    Breakdown of interviews with experts               32

2.1.2.4    Key industry insights           32

2.2           MARKET SIZE ESTIMATION         33

2.2.1        BOTTOM-UP APPROACH              33

2.2.2        TOP-DOWN APPROACH                34

2.3           BASE NUMBER CALCULATION   34

2.3.1        APPROACH 1: SUPPLY-SIDE ANALYSIS   34

2.3.2        APPROACH 2: DEMAND-SIDE ANALYSIS                35

2.3.2.1    Approach 1: By vehicle type                35

2.3.2.2    Approach 2: By Indian market            35

2.4           MARKET FORECAST APPROACH                35

2.4.1        SUPPLY SIDE     35

2.4.2        DEMAND SIDE  35

2.5           DATA TRIANGULATION                36

2.6           FACTOR ANALYSIS          38

2.7           ASSUMPTIONS  38

2.8           RESEARCH LIMITATIONS             39

3               EXECUTIVE SUMMARY  40

4               PREMIUM INSIGHTS       45

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CNG TANKS MARKET                45

4.2           CNG TANKS MARKET, BY TANK TYPE AND REGION, 2023                 46

4.3           CNG TANKS MARKET, BY MATERIAL TYPE, 2023                 46

4.4           CNG TANKS MARKET, BY APPLICATION, 2023     47

4.5           CNG TANKS MARKET, BY VEHICLE TYPE, 2023    47

4.6           CNG TANKS MARKET GROWTH, BY KEY COUNTRY                 48

5               MARKET OVERVIEW       49

5.1           INTRODUCTION              49

5.2           MARKET DYNAMICS       49

5.2.1        DRIVERS               49

5.2.1.1    Increasing demand for CNG-powered vehicles               49

5.2.1.2    Government initiatives supporting CNG vehicle adoption and infrastructure development 50

5.2.1.3    Rising cost of traditional fuels to drive market                 51

5.2.2        RESTRAINTS      51

5.2.2.1    Scarcity of CNG refueling stations in emerging economies                 51

5.2.2.2    High cost of CNG tanks and need for regulatory approvals                 52

5.2.3        OPPORTUNITIES              52

5.2.3.1    Introduction of lightweight composite material-based CNG cylinders 52

5.2.3.2    Increasing support from governments for bio-CNG       53

5.2.4        CHALLENGES    53

5.2.4.1    Impact of oil price fluctuations on Market       53

5.2.4.2    Development of electric cars and competition from alternative fuels        53

5.3           PORTER’S FIVE FORCES ANALYSIS           55

5.3.1        THREAT OF NEW ENTRANTS      55

5.3.2        THREAT OF SUBSTITUTES          56

5.3.3        BARGAINING POWER OF SUPPLIERS       56

5.3.4        BARGAINING POWER OF BUYERS             56

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 56

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     57

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           57

5.4.2        BUYING CRITERIA           58

5.5           MACROECONOMIC INDICATORS              58

5.5.1        INTRODUCTION              58

5.5.2        GDP TRENDS AND FORECAST   58

5.5.3        TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY  60

5.5.4        YEARLY TRENDS IN NATURAL GAS INDUSTRY   62

5.6           SUPPLY CHAIN ANALYSIS             62

5.6.1        RAW MATERIAL                 63

5.6.2        MANUFACTURING PROCESS      63

5.6.3        FINAL PRODUCT              64

5.7           ECOSYSTEM       64

5.8           PRICING ANALYSIS          65

5.8.1        AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TANK TYPE         65

5.8.2        AVERAGE SELLING PRICE TREND, BY APPLICATION                 66

5.8.3        AVERAGE SELLING PRICE TREND, BY MATERIAL TYPE                 66

5.8.4        AVERAGE SELLING PRICE TREND, BY REGION   66

5.9           VALUE CHAIN ANALYSIS               67

5.10         TRADE ANALYSIS             68

5.10.1      EXPORT SCENARIO FOR HS CODE 731100              68

5.10.2      IMPORT SCENARIO FOR HS CODE 731100              69

5.11         TECHNOLOGY ANALYSIS             70

5.11.1      KEY TECHNOLOGY         70

5.11.1.1  Filament winding manufacturing process         70

5.11.2      COMPLEMENTARY TECHNOLOGY           71

5.11.2.1  Latest resin transfer molding manufacturing process    71

5.11.3      ADJACENT TECHNOLOGY           71

5.11.3.1  Latest compression molding manufacturing process      71

5.12         IMPACT OF AI/GEN AI ON CNG TANKS MARKET                 71

5.12.1      TOP USE CASES AND MARKET POTENTIAL          71

5.12.2      BEST PRACTICES IN CNG TANKS MARKET            72

5.12.3      CASE STUDIES OF AI IMPLEMENTATION IN CNG TANKS MARKET               72

5.12.4      INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON

MARKET PLAYERS         72

5.12.5      CLIENT READINESS TO ADOPT GENERATIVE AI IN CNG TANKS MARKET                73

5.13         PATENT ANALYSIS          73

5.13.1      INTRODUCTION              73

5.13.2      METHODOLOGY              73

5.13.3      DOCUMENT TYPES         73

5.13.4      INSIGHTS            74

5.13.5      LEGAL STATUS 75

5.13.6      JURISDICTION ANALYSIS              75

5.13.7      TOP APPLICANTS            76

5.13.8      US: TOP 10 PATENT OWNERS IN LAST 10 YEARS 77

5.14         REGULATORY LANDSCAPE         78

5.14.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             78

5.15         KEY CONFERENCES AND EVENTS IN 2025              81

5.16         CASE STUDY ANALYSIS 81

5.16.1      CASE STUDY 1: URBAN PUBLIC TRANSPORT FLEET                 81

5.16.2      CASE STUDY 2: INDUSTRIAL FLEET OPTIMIZATION                 82

5.17         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            82

5.18         INVESTMENT AND FUNDING SCENARIO               83

6               CNG TANKS MARKET, BY VEHICLE TYPE               85

6.1           INTRODUCTION              86

6.2           LIGHT-DUTY VEHICLES                88

6.2.1        CLEANER AND ECONOMICAL FUEL TO DRIVE MARKET                 88

6.3           MEDIUM-DUTY VEHICLES           90

6.3.1        PRICE BENEFIT OF CNG TO SUPPORT MARKET 90

6.4           HEAVY-DUTY VEHICLES               92

6.4.1        LOWER COST AND EMISSIONS TO PROPEL MARKET                 92

7               CNG TANKS MARKET, BY TANK TYPE     94

7.1           INTRODUCTION              95

7.2           TYPE 1 CNG TANKS         97

7.2.1        DEPENDABILITY, LONGEVITY, LOW COST, AND STRENGTH TO DRIVE MARKET 97

7.3           TYPE 2 CNG TANKS         98

7.3.1        LIGHTER WEIGHT TO BOOST MARKET 98

7.4           TYPE 3 CNG TANKS         100

7.4.1        INCREASING LOAD CARRYING CAPACITY OF VEHICLES TO PROPEL MARKET      100

7.5           TYPE 4 CNG TANKS         102

7.5.1        INCREASE IN VEHICLE MILEAGE TO SUPPORT MARKET                 102

8               CNG TANKS MARKET, BY MATERIAL TYPE           104

8.1           INTRODUCTION              105

8.2           METALS                107

8.2.1        INCREASING DEMAND FOR CHEAP RAW MATERIALS TO DRIVE MARKET 107

8.3           CARBON FIBER 108

8.3.1        INCREASED DEMAND FOR LIGHTWEIGHT MATERIALS IN TRANSPORTATION INDUSTRY TO BOOST MARKET  108

8.4           GLASS FIBER      110

8.4.1        INCREASING DEMAND FOR LIGHTER MATERIALS TO PROPEL MARKET             110

9               CNG TANKS MARKET, BY APPLICATION                112

9.1           INTRODUCTION              113

9.2           FUEL TANKS      114

9.2.1        DURABILITY, LOW COST, AND LOW CO2 EMISSIONS TO DRIVE MARKET 114

9.3           TRANSPORTATION TANKS          116

9.3.1        WEIGHT REDUCTION QUALITIES OF TANKS TO BOOST MARKET               116

10            CNG TANKS MARKET, BY REGION            119

10.1         INTRODUCTION              120

10.2         ASIA PACIFIC     122

10.2.1      CHINA  129

10.2.1.1  Stringent government standards to fuel demand             129

10.2.2      INDIA    131

10.2.2.1  Growing sales of CNG-powered vehicles to drive market                 131

10.2.3      PAKISTAN           133

10.2.3.1  Demand for cost-effective CNG fuel to foster growth   133

10.2.4      THAILAND          134

10.2.4.1  Increasing demand for natural gas-fueled vehicles to boost market    134

10.2.5      REST OF ASIA PACIFIC   135

10.3         EUROPE               137

10.3.1      ITALY    144

10.3.1.1  Supportive government policies and investments in refueling infrastructure to drive market             144

10.3.2      GERMANY           145

10.3.2.1  Significant demand for CNG cars to boost market          145

10.3.3      RUSSIA 146

10.3.3.1  Expansion of NGV fleet and construction of CNG fueling stations to drive demand    146

10.3.4      FRANCE                147

10.3.4.1  Increasing adoption of natural gas vehicles in commercial and public transportation sectors to drive market  147

10.3.5      UK          149

10.3.5.1  Broader government strategy to decarbonize transport to drive market    149

10.3.6      ARMENIA             150

10.3.6.1  High adoption of CNG vehicles to drive market growth                 150

10.3.7      REST OF EUROPE             151

10.4         NORTH AMERICA             153

10.4.1      US           159

10.4.1.1  Growing adoption of CNG fuel in medium- and heavy-duty trucks to drive market          159

10.4.2      CANADA               161

10.4.2.1  Abundant natural gas resources and stringent government policies to drive market       161

10.5         LATIN AMERICA                162

10.5.1      BRAZIL 168

10.5.1.1  Substantial CNG production to drive market  168

10.5.2      ARGENTINA       169

10.5.2.1  Strong infrastructure and low cost of NGV conversion to drive market    169

10.5.3      REST OF LATIN AMERICA             170

10.6         MIDDLE EAST & AFRICA                172

10.6.1      IRAN      178

10.6.1.1  Extensive establishment of CNG refueling infrastructure to drive market    178

10.6.2      REST OF MIDDLE EAST & AFRICA             179

11            COMPETITIVE LANDSCAPE         181

11.1         OVERVIEW          181

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            181

11.3         REVENUE ANALYSIS       182

11.4         MARKET SHARE ANALYSIS           183

11.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 186

11.5.1      STARS   186

11.5.2      EMERGING LEADERS     186

11.5.3      PERVASIVE PLAYERS      187

11.5.4      PARTICIPANTS 187

11.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         188

11.5.5.1  Company footprint               188

11.5.5.2  Tank type footprint              189

11.5.5.3  Material type footprint         189

11.5.5.4  Application footprint            190

11.5.5.5  Region footprint   191

11.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        192

11.6.1      PROGRESSIVE COMPANIES         192

11.6.2      RESPONSIVE COMPANIES            192

11.6.3      DYNAMIC COMPANIES  192

11.6.4      STARTING BLOCKS         192

11.6.5      COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              194

11.7         VALUATION AND FINANCIAL METRICS OF CNG TANK VENDORS            196

11.8         COMPETITIVE SCENARIO             197

11.8.1      PRODUCT LAUNCHES   197

11.8.2      DEALS  198

11.8.3      EXPANSIONS     199

11.8.4      OTHERS                199

12            COMPANY PROFILES      200

12.1         KEY PLAYERS     200

12.1.1      WORTHINGTON ENTERPRISES 200

12.1.1.1  Business overview 200

12.1.1.2  Products/Solutions/Services offered 201

12.1.1.3  Recent developments           202

12.1.1.3.1                Product launches  202

12.1.1.3.2                Deals      202

12.1.1.4  MnM view              203

12.1.1.4.1                Right to win           203

12.1.1.4.2                Strategic choices   203

12.1.1.4.3                Weaknesses and competitive threats 203

12.1.2      LUXFER GROUP                204

12.1.2.1  Business overview 204

12.1.2.2  Products/Solutions/Services offered 205

12.1.2.3  Recent developments           206

12.1.2.3.1                Deals      206

12.1.2.3.2                Others    206

12.1.2.4  MnM view              207

12.1.2.4.1                Right to win           207

12.1.2.4.2                Strategic choices   207

12.1.2.4.3                Weaknesses and competitive threats 207

12.1.3      HEXAGON COMPOSITES ASA     208

12.1.3.1  Business overview 208

12.1.3.2  Products/Solutions/Services offered 209

12.1.3.3  Recent developments           210

12.1.3.3.1                Deals      210

12.1.3.3.2                Expansions             210

12.1.3.4  MnM view              210

12.1.3.4.1                Right to win           210

12.1.3.4.2                Strategic choices   210

12.1.3.4.3                Weaknesses and competitive threats 210

12.1.4      QUANTUM FUEL SYSTEMS LLC 211

12.1.4.1  Business overview 211

12.1.4.2  Products/Solutions/Services offered 211

12.1.4.3  Recent developments           212

12.1.4.3.1                Product launches  212

12.1.4.3.2                Deals      212

12.1.4.4  MnM view              213

12.1.4.4.1                Right to win           213

12.1.4.4.2                Strategic choices   213

12.1.4.4.3                Weaknesses and competitive threats 213

12.1.5      EKC        214

12.1.5.1  Business overview 214

12.1.5.2  Products/Solutions/Services offered 215

12.1.5.3  MnM view              216

12.1.5.3.1                Right to win           216

12.1.5.3.2                Strategic choices   216

12.1.5.3.3                Weaknesses and competitive threats 216

12.1.6      BEIJING TIANHAI INDUSTRY CO., LTD.  217

12.1.6.1  Business overview 217

12.1.6.2  Products/Solutions/Services offered 217

12.1.6.3  MnM view              218

12.1.6.3.1                Right to win           218

12.1.6.3.2                Strategic choices   218

12.1.6.3.3                Weaknesses and competitive threats 218

12.1.7      FABER INDUSTRIE SPA  219

12.1.7.1  Business overview 219

12.1.7.2  Products/Solutions/Services offered 219

12.1.7.3  Recent developments           220

12.1.7.3.1                Product launches  220

12.1.7.4  MnM view              220

12.1.7.4.1                Right to win           220

12.1.7.4.2                Strategic choices   220

12.1.7.4.3                Weaknesses and competitive threats 220

12.1.8      CIMC ENRIC HOLDINGS LIMITED             221

12.1.8.1  Business overview 221

12.1.8.2  Products/Solutions/Services offered 222

12.1.8.3  MnM view              223

12.1.8.3.1                Right to win           223

12.1.8.3.2                Strategic choices   223

12.1.8.3.3                Weaknesses and competitive threats 223

12.1.9      LUXI NEW ENERGY EQUIPMENT GROUP CO., LTD.                 224

12.1.9.1  Business overview 224

12.1.9.2  Products/Solutions/Services offered 224

12.1.9.3  MnM view              224

12.1.9.3.1                Right to win           224

12.1.9.3.2                Strategic choices   224

12.1.9.3.3                Weaknesses and competitive threats 225

12.1.10   SINOCLEANSKY                226

12.1.10.1                 Business overview 226

12.1.10.2                 Products/Solutions/Services offered 226

12.1.10.3                 MnM view              227

12.1.10.3.1             Right to win           227

12.1.10.3.2             Strategic choices   227

12.1.10.3.3             Weaknesses and competitive threats 227

12.1.11   TIME TECHNOPLAST LTD.          228

12.1.11.1                 Business overview 228

12.1.11.2                 Products/Solutions/Services offered 229

12.1.11.3                 Recent developments           229

12.1.11.3.1             Expansions             229

12.1.11.4                 MnM view              229

12.1.11.4.1             Right to win           229

12.1.11.4.2             Strategic choices   229

12.1.11.4.3             Weaknesses and competitive threats 230

12.1.12   RAMA CYLINDERS           231

12.1.12.1                 Business overview 231

12.1.12.2                 Products/Solutions/Services offered 231

12.1.12.3                 MnM view              232

12.1.12.3.1             Right to win           232

12.1.12.3.2             Strategic choices   232

12.1.12.3.3             Weaknesses and competitive threats 232

12.2         STARTUPS/SMES              233

12.2.1      COMPOSITE ADVANCED TECHNOLOGIES, LLC 233

12.2.2      GALILEO TECHNOLOGIES           233

12.2.3      LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO., LTD              234

12.2.4      JAY FE CYLINDERS LIMITED       234

12.2.5      SAHUWALA CYLINDERS LTD.     235

12.2.6      EURO INDIA CYLINDERS LTD.   235

12.2.7      STEELHEAD COMPOSITES, INC.                236

12.2.8      KIOSHI COMPRESION    236

12.2.9      ANHUI CLEAN ENERGY CO., LTD.             237

12.2.10   SHANGHAI METAL CORPORATION          237

12.2.11   SANTEK                238

12.2.12   INFLEX 238

12.2.13   INDORUSS SYNERGY      239

13            APPENDIX           240

13.1         DISCUSSION GUIDE        240

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                242

13.3         CUSTOMIZATION OPTIONS        244

13.4         RELATED REPORTS         244

13.5         AUTHOR DETAILS           245

LIST OF TABLES

TABLE 1                CNG TANKS MARKET: PORTER’S FIVE FORCES ANALYSIS            57

TABLE 2                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO APPLICATIONS IN CNG TANKS MARKET               57

TABLE 3                KEY BUYING CRITERIA FOR TOP TWO APPLICATIONS 58

TABLE 4                GDP PERCENTAGE (%) CHANGE, BY KEY COUNTRY, 2020–2029      59

TABLE 5                TRENDS OF GLOBAL AUTOMOTIVE INDUSTRY                 61

TABLE 6                TRENDS IN NATURAL GAS INDUSTRY (Y-O-Y CHANGE IN BCM)             62

TABLE 7                CNG TANKS MARKET: ROLE OF COMPANIES IN ECOSYSTEM       63

TABLE 8                AVERAGE SELLING PRICE TREND, BY REGION                 66

TABLE 9                TOP 10 EXPORTING COUNTRIES IN 2023                 68

TABLE 10              TOP 10 IMPORTING COUNTRIES IN 2023                 69

TABLE 11              COMPARATIVE STUDY OF CNG TANK MANUFACTURING PROCESSES 70

TABLE 12              TOP USE CASES AND MARKET POTENTIAL                 71

TABLE 13              BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES           72

TABLE 14              CASE STUDIES OF GEN AI IMPLEMENTATION IN CNG TANKS MARKET     72

TABLE 15              INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS        72

TABLE 16              CNG TANKS MARKET: TOTAL NUMBER OF PATENTS             73

TABLE 17              LIST OF PATENTS BY HEIL CO.  76

TABLE 18              LIST OF PATENTS BY OSHKOSH CORP.  77

TABLE 19              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  78

TABLE 20              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

TABLE 21              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 22              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  80

TABLE 23              CNG TANKS MARKET: KEY CONFERENCES AND EVENTS, 2025     81

TABLE 24              CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)       86

TABLE 25              CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (THOUSAND UNITS)             87

TABLE 26              CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)       87

TABLE 27              CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (THOUSAND UNITS)             87

TABLE 28              LIGHT-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2021–2023 (USD MILLION)            88

TABLE 29              LIGHT-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2021–2023 (THOUSAND UNITS)  89

TABLE 30              LIGHT-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2024–2029 (USD MILLION)            89

TABLE 31              LIGHT-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2024–2029 (THOUSAND UNITS)  89

TABLE 32              MEDIUM-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2021–2023 (USD MILLION)            90

TABLE 33              MEDIUM-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2021–2023 (THOUSAND UNITS)  90

TABLE 34              MEDIUM-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2024–2029 (USD MILLION)            91

TABLE 35              MEDIUM-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2024–2029 (THOUSAND UNITS)  91

TABLE 36              HEAVY-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2021–2023 (USD MILLION)            92

TABLE 37              HEAVY-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2021–2023 (THOUSAND UNITS)  92

TABLE 38              HEAVY-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2024–2029 (USD MILLION)            93

TABLE 39              HEAVY-DUTY VEHICLES: CNG TANKS MARKET, BY REGION,

2024–2029 (THOUSAND UNITS)                93

TABLE 40              CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION) 95

TABLE 41              CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (THOUSAND UNITS)      96

TABLE 42              CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION) 96

TABLE 43              CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (THOUSAND UNITS)      96

TABLE 44              TYPE 1 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)       97

TABLE 45              TYPE 1 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)             97

TABLE 46              TYPE 1 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)       98

TABLE 47              TYPE 1 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)             98

TABLE 48              TYPE 2 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)       99

TABLE 49              TYPE 2 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)             99

TABLE 50              TYPE 2 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)       99

TABLE 51              TYPE 2 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)             100

TABLE 52              TYPE 3 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)       100

TABLE 53              TYPE 3 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)             101

TABLE 54              TYPE 3 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)       101

TABLE 55              TYPE 3 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)             101

TABLE 56              TYPE 4 CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)       102

TABLE 57              TYPE 4 CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)             102

TABLE 58              TYPE 4 CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)       103

TABLE 59              TYPE 4 CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)             103

TABLE 60              CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (USD MILLION)       106

TABLE 61              CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (THOUSAND UNITS)             106

TABLE 62              CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)       106

TABLE 63              CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (THOUSAND UNITS)             106

TABLE 64              METALS CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)            107

TABLE 65              METALS CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)  107

TABLE 66              METALS CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)            108

TABLE 67              METALS CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)  108

TABLE 68              CARBON FIBER CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)          109

TABLE 69              CARBON FIBER CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)                109

TABLE 70              CARBON FIBER CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)          109

TABLE 71              CARBON FIBER CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)                110

TABLE 72              GLASS FIBER CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)            110

TABLE 73              GLASS FIBER CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)  111

TABLE 74              GLASS FIBER CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)            111

TABLE 75              GLASS FIBER CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)  111

TABLE 76              CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)       113

TABLE 77              CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)             113

TABLE 78              CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)       114

TABLE 79              CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)             114

TABLE 80              FUEL TANKS: CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION)            115

TABLE 81              FUEL TANKS: CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)  115

TABLE 82              FUEL TANKS: CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION)            116

TABLE 83              FUEL TANKS: CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)  116

TABLE 84              TRANSPORTATION TANKS: CNG TANKS MARKET, BY REGION,

2021–2023 (USD MILLION)            117

TABLE 85              TRANSPORTATION TANKS: CNG TANKS MARKET, BY REGION,

2021–2023 (THOUSAND UNITS)  117

TABLE 86              TRANSPORTATION TANKS: CNG TANKS MARKET, BY REGION,

2024–2029 (USD MILLION)            117

TABLE 87              TRANSPORTATION TANKS: CNG TANKS MARKET, BY REGION,

2024–2029 (THOUSAND UNITS)  118

TABLE 88              CNG TANKS MARKET, BY REGION, 2021–2023 (USD MILLION) 121

TABLE 89              CNG TANKS MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)      121

TABLE 90              CNG TANKS MARKET, BY REGION, 2024–2029 (USD MILLION) 121

TABLE 91              CNG TANKS MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)      122

TABLE 92              ASIA PACIFIC: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)                123

TABLE 93              ASIA PACIFIC: CNG TANKS MARKET, BY TANK TYPE,

2021–2023 (THOUSAND UNITS)  124

TABLE 94              ASIA PACIFIC: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)                124

TABLE 95              ASIA PACIFIC: CNG TANKS MARKET, BY TANK TYPE,

2024–2029 (THOUSAND UNITS)  124

TABLE 96              ASIA PACIFIC: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (USD MILLION)            125

TABLE 97              ASIA PACIFIC: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (THOUSAND UNITS)  125

TABLE 98              ASIA PACIFIC: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (USD MILLION)            125

TABLE 99              ASIA PACIFIC: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (THOUSAND UNITS)  125

TABLE 100            ASIA PACIFIC: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)            126

TABLE 101            ASIA PACIFIC: CNG TANKS MARKET, BY VEHICLE TYPE,

2021–2023 (THOUSAND UNITS)  126

TABLE 102            ASIA PACIFIC: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)            126

TABLE 103            ASIA PACIFIC: CNG TANKS MARKET, BY VEHICLE TYPE,

2024–2029 (THOUSAND UNITS)  126

TABLE 104            ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              127

TABLE 105            ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  127

TABLE 106            ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              127

TABLE 107            ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  127

TABLE 108            ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     128

TABLE 109            ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS)           128

TABLE 110            ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     128

TABLE 111            ASIA PACIFIC: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (THOUSAND UNITS)           129

TABLE 112            CHINA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            129

TABLE 113            CHINA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)  130

TABLE 114            CHINA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            130

TABLE 115            CHINA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)  130

TABLE 116            INDIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            131

TABLE 117            INDIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)  132

TABLE 118            INDIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            132

TABLE 119            INDIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)  132

TABLE 120            PAKISTAN: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              133

TABLE 121            PAKISTAN: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  133

TABLE 122            PAKISTAN: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              133

TABLE 123            PAKISTAN: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  133

TABLE 124            THAILAND: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              134

TABLE 125            THAILAND: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  134

TABLE 126            THAILAND: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              134

TABLE 127            THAILAND: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  135

TABLE 128            REST OF ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            135

TABLE 129            REST OF ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  135

TABLE 130            REST OF ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            136

TABLE 131            REST OF ASIA PACIFIC: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  136

TABLE 132            EUROPE: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)            138

TABLE 133            EUROPE: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (THOUSAND UNITS)  138

TABLE 134            EUROPE: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)            138

TABLE 135            EUROPE: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (THOUSAND UNITS)  138

TABLE 136            EUROPE: CNG TANKS MARKET, BY MATERIAL TYPE, 2021–2023 (USD MILLION)                139

TABLE 137            EUROPE: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (THOUSAND UNITS)  139

TABLE 138            EUROPE: CNG TANKS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)                139

TABLE 139            EUROPE: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (THOUSAND UNITS)  140

TABLE 140            EUROPE: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (USD MILLION)                140

TABLE 141            EUROPE: CNG TANKS MARKET, BY VEHICLE TYPE, 2021–2023 (THOUSAND UNITS)     140

TABLE 142            EUROPE: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (USD MILLION)                140

TABLE 143            EUROPE: CNG TANKS MARKET, BY VEHICLE TYPE, 2024–2029 (THOUSAND UNITS)     141

TABLE 144            EUROPE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              141

TABLE 145            EUROPE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)   141

TABLE 146            EUROPE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              141

TABLE 147            EUROPE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)   142

TABLE 148            EUROPE: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)            142

TABLE 149            EUROPE: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (THOUSAND UNITS)  142

TABLE 150            EUROPE: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            143

TABLE 151            EUROPE: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (THOUSAND UNITS)  143

TABLE 152            ITALY: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            144

TABLE 153            ITALY: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)  144

TABLE 154            ITALY: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            144

TABLE 155            ITALY: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)  145

TABLE 156            GERMANY: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              145

TABLE 157            GERMANY: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  145

TABLE 158            GERMANY: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              146

TABLE 159            GERMANY: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  146

TABLE 160          RUSSIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            146

TABLE 161          RUSSIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)  147

TABLE 162          RUSSIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            147

TABLE 163          RUSSIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)  147

TABLE 164            FRANCE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              148

TABLE 165            FRANCE: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)   148

TABLE 166            FRANCE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              148

TABLE 167            FRANCE: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)   148

TABLE 168            UK: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            149

TABLE 169            UK: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)  149

TABLE 170            UK: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            149

TABLE 171            UK: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)  150

TABLE 172            ARMENIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              150

TABLE 173            ARMENIA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)   150

TABLE 174            ARMENIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              151

TABLE 175            ARMENIA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)   151

TABLE 176            REST OF EUROPE: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            151

TABLE 177            REST OF EUROPE: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  152

TABLE 178            REST OF EUROPE: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            152

TABLE 179            REST OF EUROPE: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  152

TABLE 180            NORTH AMERICA: CNG TANKS MARKET, BY TANK TYPE,

2021–2023 (USD MILLION)            154

TABLE 181            NORTH AMERICA: CNG TANKS MARKET, BY TANK TYPE,

2021–2023 (THOUSAND UNITS)  154

TABLE 182            NORTH AMERICA: CNG TANKS MARKET, BY TANK TYPE,

2024–2029 (USD MILLION)            154

TABLE 183            NORTH AMERICA: CNG TANKS MARKET, BY TANK TYPE,

2024–2029 (THOUSAND UNITS)  154

TABLE 184            NORTH AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (USD MILLION)            155

TABLE 185            NORTH AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (THOUSAND UNITS)  155

TABLE 186            NORTH AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (USD MILLION)            155

TABLE 187            NORTH AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (THOUSAND UNITS)  156

TABLE 188            NORTH AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2021–2023 (USD MILLION)            156

TABLE 189            NORTH AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2021–2023 (THOUSAND UNITS)  156

TABLE 190            NORTH AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2024–2029 (USD MILLION)            157

TABLE 191            NORTH AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2024–2029 (THOUSAND UNITS)  157

TABLE 192            NORTH AMERICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            157

TABLE 193            NORTH AMERICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  157

TABLE 194            NORTH AMERICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            158

TABLE 195            NORTH AMERICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  158

TABLE 196            NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     158

TABLE 197            NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY,

2021–2023 (THOUSAND UNITS)  158

TABLE 198            NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     159

TABLE 199            NORTH AMERICA: CNG TANKS MARKET, BY COUNTRY,

2024–2029 (THOUSAND UNITS)  159

TABLE 200            US: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            160

TABLE 201            US: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)  160

TABLE 202            US: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            160

TABLE 203            US: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)  160

TABLE 204            CANADA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              161

TABLE 205            CANADA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)   161

TABLE 206            CANADA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              161

TABLE 207            CANADA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)   162

TABLE 208            LATIN AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2021–2023 (USD MILLION)  162

TABLE 209            LATIN AMERICA: CNG TANKS MARKET, BY TANK TYPE,

2021–2023 (THOUSAND UNITS)  162

TABLE 210            LATIN AMERICA: CNG TANKS MARKET, BY TANK TYPE, 2024–2029 (USD MILLION)  163

TABLE 211            LATIN AMERICA: CNG TANKS MARKET, BY TANK TYPE,

2024–2029 (THOUSAND UNITS)  163

TABLE 212            LATIN AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (USD MILLION)            163

TABLE 213            LATIN AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (THOUSAND UNITS)  164

TABLE 214            LATIN AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (USD MILLION)            164

TABLE 215            LATIN AMERICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (THOUSAND UNITS)  164

TABLE 216            LATIN AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2021–2023 (USD MILLION)            165

TABLE 217            LATIN AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2021–2023 (THOUSAND UNITS)  165

TABLE 218            LATIN AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2024–2029 (USD MILLION)            165

TABLE 219            LATIN AMERICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2024–2029 (THOUSAND UNITS)  165

TABLE 220            LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            166

TABLE 221            LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  166

TABLE 222            LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            166

TABLE 223            LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  166

TABLE 224            LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     167

TABLE 225            LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY,

2021–2023 (THOUSAND UNITS)  167

TABLE 226            LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     167

TABLE 227            LATIN AMERICA: CNG TANKS MARKET, BY COUNTRY,

2024–2029 (THOUSAND UNITS)  167

TABLE 228          BRAZIL: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            168

TABLE 229          BRAZIL: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)  168

TABLE 230          BRAZIL: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            168

TABLE 231          BRAZIL: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)  169

TABLE 232            ARGENTINA: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              169

TABLE 233            ARGENTINA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  169

TABLE 234            ARGENTINA: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              170

TABLE 235            ARGENTINA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  170

TABLE 236            REST OF LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            170

TABLE 237            REST OF LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  171

TABLE 238            REST OF LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            171

TABLE 239            REST OF LATIN AMERICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  171

TABLE 240            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY TANK TYPE,

2021–2023 (USD MILLION)            172

TABLE 241            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY TANK TYPE,

2021–2023 (THOUSAND UNITS)  172

TABLE 242            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY TANK TYPE,

2024–2029 (USD MILLION)            172

TABLE 243            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY TANK TYPE,

2024–2029 (THOUSAND UNITS)  173

TABLE 244            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (USD MILLION)            173

TABLE 245            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2021–2023 (THOUSAND UNITS)  173

TABLE 246            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (USD MILLION)            174

TABLE 247            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY MATERIAL TYPE,

2024–2029 (THOUSAND UNITS)  174

TABLE 248            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2021–2023 (USD MILLION)            174

TABLE 249            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2021–2023 (THOUSAND UNITS)  175

TABLE 250            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2024–2029 (USD MILLION)            175

TABLE 251            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY VEHICLE TYPE,

2024–2029 (THOUSAND UNITS)  175

TABLE 252            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            176

TABLE 253            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  176

TABLE 254            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            176

TABLE 255            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  176

TABLE 256            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            177

TABLE 257            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY,

2021–2023 (THOUSAND UNITS)  177

TABLE 258            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            177

TABLE 259            MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY COUNTRY,

2024–2029 (THOUSAND UNITS)  177

TABLE 260            IRAN: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            178

TABLE 261            IRAN: CNG TANKS MARKET, BY APPLICATION, 2021–2023 (THOUSAND UNITS)  178

TABLE 262            IRAN: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            178

TABLE 263            IRAN: CNG TANKS MARKET, BY APPLICATION, 2024–2029 (THOUSAND UNITS)  179

TABLE 264            REST OF MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            179

TABLE 265            REST OF MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION,

2021–2023 (THOUSAND UNITS)  179

TABLE 266            REST OF MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            180

TABLE 267            REST OF MIDDLE EAST & AFRICA: CNG TANKS MARKET, BY APPLICATION,

2024–2029 (THOUSAND UNITS)  180

TABLE 268            STRATEGIES ADOPTED BY CNG TANK MANUFACTURERS           181

TABLE 269            DEGREE OF COMPETITION: CNG TANKS MARKET               183

TABLE 270            CNG TANKS MARKET: TANK TYPE FOOTPRINT                 189

TABLE 271            CNG TANKS MARKET: MATERIAL TYPE FOOTPRINT       189

TABLE 272            CNG TANKS MARKET: APPLICATION FOOTPRINT       190

TABLE 273            CNG TANKS MARKET: REGION FOOTPRINT                 191

TABLE 274            CNG TANKS MARKET: KEY STARTUPS/SMES                 194

TABLE 275            CNG TANKS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          195

TABLE 276            CNG TANKS MARKET: PRODUCT LAUNCHES, JANUARY 2015–JANUARY 2025     197

TABLE 277            CNG TANKS MARKET: DEALS, JANUARY 2015–JANUARY 2025    198

TABLE 278            CNG TANKS MARKET: EXPANSIONS, JANUARY 2015–JANUARY 2025         199

TABLE 279            LUXFER GROUP: OTHERS, JANUARY 2015−JANUARY 2025       199

TABLE 280            WORTHINGTON ENTERPRISES: COMPANY OVERVIEW          200

TABLE 281            WORTHINGTON ENTERPRISES, INC.: PRODUCT LAUNCHES,

JANUARY 2015−JANUARY 2025   202

TABLE 282            WORTHINGTON ENTERPRISES, INC.: DEALS, JANUARY 2015−JANUARY 2025   202

TABLE 283            LUXFER GROUP: COMPANY OVERVIEW 204

TABLE 284            LUXFER GROUP: DEALS, JANUARY 2015−JANUARY 2025       206

TABLE 285            LUXFER GROUP: OTHERS, JANUARY 2015−JANUARY 2025       206

TABLE 286            HEXAGON COMPOSITES ASA: COMPANY OVERVIEW          208

TABLE 287            HEXAGON COMPOSITES ASA: DEALS, JANUARY 2015−JANUARY 2025       210

TABLE 288            HEXAGON COMPOSITES ASA: EXPANSIONS, JANUARY 2015− JANUARY 2025  210

TABLE 289            QUANTUM FUEL SYSTEMS LLC: COMPANY OVERVIEW          211

TABLE 290            QUANTUM FUEL SYSTEMS LLC: PRODUCT LAUNCHES,

JANUARY 2015−JANUARY 2025   212

TABLE 291            QUANTUM FUEL SYSTEMS LLC: DEALS, JANUARY 2015−JANUARY 2025   212

TABLE 292            EKC: COMPANY OVERVIEW         214

TABLE 293            BEIJING TIANHAI INDUSTRY CO., LTD.: COMPANY OVERVIEW   217

TABLE 294            FABER INDUSTRIE SPA: COMPANY OVERVIEW                 219

TABLE 295            FABER INDUSTRIE SPA: PRODUCT LAUNCHES, JANUARY 2015−JULY 2024             220

TABLE 296            CIMC ENRIC HOLDINGS LIMITED: COMPANY OVERVIEW          221

TABLE 297            LUXI NEW ENERGY EQUIPMENT GROUP CO., LTD.: COMPANY OVERVIEW       224

TABLE 298            SINOCLEANSKY: COMPANY OVERVIEW 226

TABLE 299            TIME TECHNOPLAST LTD.: COMPANY OVERVIEW          228

TABLE 300            TIME TECHNOPLAST LTD.: EXPANSIONS, JANUARY 2015−JANUARY 2025   229

TABLE 301            RAMA CYLINDERS: COMPANY OVERVIEW                 231

TABLE 302            COMPOSITE ADVANCED TECHNOLOGIES, LLC: COMPANY OVERVIEW   233

TABLE 303            GALILEO TECHNOLOGIES : COMPANY OVERVIEW          233

TABLE 304            LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES

GROUP CO., LTD: COMPANY OVERVIEW               234

TABLE 305            JAY FE CYLINDERS LIMITED: COMPANY OVERVIEW          234

TABLE 306            SAHUWALA CYLINDERS LTD.: COMPANY OVERVIEW          235

TABLE 307            EURO INDIA CYLINDERS LTD.: COMPANY OVERVIEW          235

TABLE 308            STEELHEAD COMPOSITES, INC.: COMPANY OVERVIEW          236

TABLE 309            KIOSHI COMPRESION: COMPANY OVERVIEW                 236

TABLE 310            ANHUI CLEAN ENERGY CO., LTD.: COMPANY OVERVIEW          237

TABLE 311            SHANGHAI METAL CORPORATION: COMPANY OVERVIEW          237

TABLE 312            SANTEK: COMPANY OVERVIEW 238

TABLE 313            INFLEX: COMPANY OVERVIEW  238

TABLE 314            INDORUSS SYNERGY: COMPANY OVERVIEW                 239

LIST OF FIGURES

FIGURE 1              CNG TANKS MARKET SEGMENTATION 26

FIGURE 2              CNG TANKS MARKET: RESEARCH DESIGN                 29

FIGURE 3              CNG TANKS MARKET: BOTTOM-UP APPROACH                 33

FIGURE 4              CNG TANKS MARKET: TOP-DOWN APPROACH                 34

FIGURE 5              CNG TANKS MARKET: DATA TRIANGULATION                 37

FIGURE 6              LIGHT-DUTY VEHICLE WAS LARGEST SEGMENT OF CNG TANKS MARKET IN 2023               41

FIGURE 7              CARBON FIBER SEGMENT TO REGISTER HIGHEST CAGR DURING

FORECAST PERIOD         41

FIGURE 8              FUEL TANKS APPLICATION DOMINATED MARKET IN 2023                42

FIGURE 9              TYPE 1 SEGMENT DOMINATED MARKET IN 2023                 43

FIGURE 10            ASIA PACIFIC LED CNG TANKS MARKET IN 2023                 43

FIGURE 11            GOVERNMENT SUPPORT FOR ADOPTION OF CLEAN FUEL TO DRIVE

CNG TANKS MARKET BETWEEN 2024 AND 2029  45

FIGURE 12            TYPE 1 SEGMENT AND ASIA PACIFIC ACCOUNTED FOR LARGEST SHARES IN 2023       46

FIGURE 13            METALS SEGMENT DOMINATED MARKET IN 2023        46

FIGURE 14            FUEL TANKS APPLICATION DOMINATED MARKET               47

FIGURE 15            LIGHT-DUTY VEHICLES SEGMENT DOMINATED MARKET IN 2023   47

FIGURE 16            INDIA TO BE FASTEST-GROWING CNG TANKS MARKET, 2024–2029          48

FIGURE 17            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

IN CNG TANKS MARKET                49

FIGURE 18            RETAIL CNG CAR SALES IN INDIA, 2020–2023                 50

FIGURE 19            CNG FUELING STATIONS ACROSS INDIA, 2020–2030        51

FIGURE 20            EV SALES FORECAST      54

FIGURE 21            EV SALES BY MAJOR MARKET (REGION/COUNTRY), 2023           54

FIGURE 22            CNG TANKS MARKET: PORTER’S FIVE FORCES ANALYSIS            55

FIGURE 23            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP

TWO APPLICATIONS      57

FIGURE 24            KEY BUYING CRITERIA FOR TOP TWO APPLICATIONS 58

FIGURE 25            CNG TANKS MARKET: SUPPLY CHAIN ANALYSIS                 62

FIGURE 26            CNG TANKS MARKET: KEY STAKEHOLDERS IN ECOSYSTEM       64

FIGURE 27            CNG TANKS MARKET: ECOSYSTEM         64

FIGURE 28            AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TANK TYPE              65

FIGURE 29            AVERAGE SELLING PRICE OF CNG TANKS, BY APPLICATION (USD/UNIT)         66

FIGURE 30            AVERAGE SELLING PRICE OF CNG TANKS, BY MATERIAL TYPE (USD/UNIT)     66

FIGURE 31            CNG TANKS MARKET: VALUE CHAIN ANALYSIS                 67

FIGURE 32            EXPORT OF CNG TANKS, BY KEY COUNTRY, 2019–2023, (USD MILLION)           68

FIGURE 33            IMPORT OF CNG TANKS, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)      69

FIGURE 34            PATENT ANALYSIS, BY PATENT TYPE     74

FIGURE 35            PATENT PUBLICATION TREND, 2014−2024                 74

FIGURE 36            CNG TANKS MARKET: LEGAL STATUS OF PATENTS             75

FIGURE 37            CHINESE JURISDICTION REGISTERED HIGHEST NUMBER OF PATENTS  75

FIGURE 38            HEIL CO. REGISTERED HIGHEST NUMBER OF PATENTS             76

FIGURE 39            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS IN CNG TANKS MARKET 82

FIGURE 40            DEALS AND FUNDING IN CNG TANKS MARKET SOARED IN 2024                 83

FIGURE 41            PROMINENT CNG TANK MANUFACTURING FIRMS IN 2024 (USD BILLION)    84

FIGURE 42            LIGHT-DUTY VEHICLES TO BE FASTEST-GROWING SEGMENT DURING

FORECAST PERIOD         86

FIGURE 43            ASIA PACIFIC TO BE LARGEST AND FASTEST-GROWING MARKET FOR

CNG TANKS IN LIGHT-DUTY VEHICLE TYPE       88

FIGURE 44            TYPE 4 CNG TANKS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD          95

FIGURE 45            METALS CNG TANKS SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD         105

FIGURE 46            FUEL TANKS APPLICATION TO DOMINATE CNG TANKS MARKET

DURING FORECAST PERIOD       113

FIGURE 47            DEMAND FOR FUEL TANKS TO BE HIGHEST IN ASIA PACIFIC     115

FIGURE 48            INDIA TO BE FASTEST-GROWING CNG TANKS MARKET DURING FORECAST PERIOD    120

FIGURE 49            ASIA PACIFIC: CNG TANKS MARKET SNAPSHOT                 123

FIGURE 50            INDIA: CNG VEHICLE SALES        131

FIGURE 51            EUROPE: CNG TANKS MARKET SNAPSHOT                 137

FIGURE 52            NORTH AMERICA: CNG TANKS MARKET SNAPSHOT          153

FIGURE 53            CNG TANKS MARKET: REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS              182

FIGURE 54            SHARE OF KEY PLAYERS IN CNG TANKS MARKET                 183

FIGURE 55            BRAND/PRODUCT COMPARATIVE ANALYSIS                 185

FIGURE 56            BRAND/PRODUCT COMPARATIVE ANALYSIS, BY CNG TANK PRODUCTS           185

FIGURE 57            CNG TANKS MARKET: COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023        187

FIGURE 58            CNG TANKS MARKET: COMPANY FOOTPRINT                 188

FIGURE 59            CNG TANKS MARKET: COMPANY EVALUATION MATRIX, STARTUPS/SMES, 2023 193

FIGURE 60            CNG TANKS MARKET: EV/EBITDA OF KEY VENDORS            196

FIGURE 61            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-AYEAR STOCK

BETA OF KEY VENDORS                196

FIGURE 62            WORTHINGTON ENTERPRISES, INC.: COMPANY SNAPSHOT          201

FIGURE 63            LUXFER GROUP: COMPANY SNAPSHOT 205

FIGURE 64            HEXAGON COMPOSITES ASA: COMPANY SNAPSHOT          209

FIGURE 65            EKC: COMPANY SNAPSHOT        215

FIGURE 66            CIMC ENRIC HOLDINGS LIMITED: COMPANY SNAPSHOT          222

FIGURE 67            TIME TECHNOPLAST LTD.: COMPANY SNAPSHOT          228