The Impact of COVID-19 is included in CNG Tank Market. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
The future of the global CNG tank market is attractive with opportunities in various end use industries, including automotive and bulk transportation. The global CNG tank market is declined in 2020 due to the global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.6 billion by 2025 with a CAGR of 7.8% from 2021 to 2026. The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and lower cost of natural gas than gasoline and diesel.
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. Hexagon Composites, Luxfer, Worthington Cylinders, Faber Industrie, Beijing Tianhai Industry Co. Ltd., Everest Kanto Cylinder Ltd, Quantum Fuel System, CIMC Enric, and others, are among the major suppliers of the CNG tank market.
.
A total of 94 figures / charts and 67 tables are provided in this 162-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the CNG tank market report, please download the report brochure.