Report Feature
The CNG tank market in Canada looks attractive with opportunities in automotive and bulk transportation applications. 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.
A total of 25 figures / charts and 12 tables are provided in this 60-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 in Canada report, download the report brochure.
CNG Tank Market in Canada by Segment:
2014-2025 (US $M) (Randomized Data)
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for CNG Tank Market in Canada:
2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the CNG tank market in Canada by application, tank type, and material consumption as follows:
CNG Tank Market by Application [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
- Automotive
- Bulk Transportation
CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
- Type I
- Type II
- Type III
- Type IV
CNG Tank Market by Material Market [Volume (Million lbs) and Value ($ Million) from 2014 to 2025]:
- Metal
- Glass Fiber Composite
- Carbon Fiber Composite
- Metal
Automotive CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
- Type I
- Type II
- Type III
- Type IV
Automotive CNG Tank Market by Vehicle Type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
- Light Duty Vehicle
- Heavy Duty Vehicle (bus, trucks, etc.)
Bulk Transportation CNG Tank Market by Tank Type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
- Type I
- Type II
- Type III
- Type IV
On the basis of comprehensive research, Lucintel forecasts that the bulk transportation segment will show above average growth during the forecast period. Within the 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 for this segment over the forecast period.
By type of tank, type I CNG tank is expected to be the largest segment due to its lower cost and higher demand.
Some of the features of “Opportunities for the CNG Tank Market in Canada 2014- 2025: Trends, Forecast, and Opportunity Analysis” include:
- Market size estimates: CNG tank market size estimation in terms of value ($M) and volume (thousand units) shipment.
- Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, tank type, and material consumption.
- Segmentation analysis: CNG tank market size by application (automotive and bulk transportation), tank type (Type I, Type II, Type III, Type IV), and material consumption (metal, glass fiber composites, and carbon fiber composites) in terms of value.
- Growth opportunities: Analysis on growth opportunities in different application, tank type, and material consumption of CNG tank market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report addresses the following 7 questions:
Q.1. What are some of the most promising, high-growth opportunities for CNG tank market in Canada by application (automotive and bulk transportation), tank type (Type I, Type II, Type III, Type IV), and material consumption (metal, glass fiber composites, and carbon fiber composites)?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. What are the key factors affecting the market dynamics? What are the drivers, challenges, and business risks in this CNG tank market?
Q.4. What are the business risks and competitive threats in this CNG tank market?
Q.5. What are the emerging trends in this CNG tank market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the CNG tank market?
Q.7. What are the new developments in the CNG tank market, and which companies are leading these developments?
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for CNG tank market in Canada by application (automotive and bulk transportation), tank type (Type I, Type II, Type III, Type IV), and material consumption (metal, glass fiber composites, and carbon fiber composites)?
- • Which products segments will grow at a faster pace and why?
- • What are the key factors affecting the market dynamics? What are the drivers, challenges, and business risks in this CNG tank market?
- • What are the business risks and competitive threats in this CNG tank market?
- • What are the emerging trends in this CNG tank market and the reasons behind them?
- • What are some of the changing demands of customers in the CNG tank market?
- • What are the new developments in the CNG tank market, and which companies are leading these developments?
