Emerging Trends in the CNG Tank Market

We at Lucintel are glad to announce the launch of a new research report on the CNG tank market entitled “Growth Opportunities in the Global CNG Tank Market.”
According to our research in this market report, 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. There are some interesting new developments in the global CNG tank market as competition intensifies and players try to increase their market share. Some of the emerging trends shaping market dynamics include the increase in green fleet and development of type V tanks. In the CNG tank market, automotive and bulk transportation applications are some of the major segments of flat glass. 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 expected to remain the largest market by value and volume. Expected growth in the fleet of alternative fuel powered vehicles is the major driving factor that is likely to spur growth in this segment over the forecast period.
This market report on CNG tank answers following key questions about the market:
Q.1. What are some of the most promising, high-growth opportunities in the global CNG tank market by segment and region?
Q.2. Which segments in the CNG tank market will grow at a faster pace and why?
Q.3. What are the business risks and competitive threats in CNG tank market?
Q.4. What are emerging trends in CNG tank market and reasons behind them?
Q.5. What are some of the changing demands and needs of customers in the CNG tank industry?
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