Market Overview:
The global automotive gas cylinder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, stringent emission norms are also fuelling the demand for automotive gas cylinders as they help in reducing emissions from vehicles. The global automotive gas cylinder market is segmented on the basis of type, application and region. On the basis of type, it is divided into CNG cylinders and hydrogen cylinders. The CNG cylinder segment dominates the global automotive gas cylinder market owing to its high adoption in passenger vehicles across different regions globally. However, with increasing focus on environment-friendly technologies, hydrogen cylinders are expected to witness higher growth during the forecast period from 2018 to 2030. On the basis of application, it is classified into passenger vehicle and commercial vehicle segments respectively. Passenger vehicle segment dominates this market due its growing popularity among consumers for their fuel efficiency and low emissions levels as compared to traditional petrol or diesel engines powered cars/SUVs/vans etcetera .
Product Definition:
An automotive gas cylinder is a pressure vessel used to store and transport gases, such as compressed natural gas (CNG), liquefied petroleum gas (LPG), or hydrogen. The purpose of an automotive gas cylinder is to provide a safe and convenient way to store and transport these gases.
CNG Cylinder:
CNG cylinder is a closed gas cylinder used for the storage and transportation of compressed Natural Gas in automobiles. CNG cylinders are made up of steel and aluminum, which provide strength to the structure. The design and shape of these cylinders follow the standards set by SAE (Society of Automotive Engineers). These cylinders have a capacity between 5 Gallons to 20 gallons depending upon vehicle requirements.
Hydrogen Cylinder:
Hydrogen cylinder is a device used to store hydrogen gas. It can be used in automotive gas cylinder market as it has properties such as lightweight and high-pressure capability. Hydrogen cylinders are made of steel or aluminum alloy and available in different sizes depending upon the requirement. The size of the hydrogen cylinder is determined by pressure, volume, type (stainless steel or carbon fiber), fill level indicator, and material type (aluminum or steel).
Application Insights:
The passenger vehicle segment led the global automotive gas cylinder market in 2017 and accounted for more than 60.0% share of the overall revenue. The growing demand for passenger vehicles in developing countries such as India, China and Brazil on account of increasing disposable income, rapid urbanization and rising per capita income is expected to drive the demand over the forecast period.
Commercial vehicles are projected to witness significant growth over the forecast period owing to increased government spending on infrastructure development projects including roads, railways and airports across various regions including Asia Pacific, Middle East & Africa and Europe. This is anticipated to increase commercial activities resulting in a rise in commercial vehicle sales which will subsequently fuel product demand globally over next seven years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to increasing demand for passenger vehicles and rising disposable income of consumers. The region accounted for over 45% of the overall market in 2017. China is projected to remain a key consumer in this regional segment owing to its large automotive manufacturing base along with growing vehicle sales on account of low maintenance cost as compared to other regions.
Europe was estimated at USD X million in 2017 and is anticipated grow at a CAGR of XX% from 2018 To 2030 due high consumption levels coupled with stringent emission norms implemented by various regulatory bodies such as UBA, EEA etc.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries
- Stringent emission norms by regulatory authorities across the globe
- Proliferation of alternative fuel vehicles that run on compressed natural gas (CNG) and liquefied petroleum gas (LPG)
- Growing popularity of dual-fuel vehicles that can run on both petrol and CNG/LPG
- Introduction of new technologies such as electronic fuel injection systems, which improve the efficiency of automotive gas cylinders
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Gas Cylinder Market Research Report
By Type
CNG Cylinder, Hydrogen Cylinder
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
3M, CleanNG, CNG Cylinders Internationa, Cobham, Faber Industrie, Luxfer Gas Cylinders, Quantum Fuel Systems LLC, Beijing China Tank Industry Co. Ltd, Everest Kanto Cylinder Ltd, MCS Technologies GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Gas Cylinder Market Report Segments:
The global Automotive Gas Cylinder market is segmented on the basis of:
Types
CNG Cylinder, Hydrogen Cylinder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- CleanNG
- CNG Cylinders Internationa
- Cobham
- Faber Industrie
- Luxfer Gas Cylinders
- Quantum Fuel Systems LLC
- Beijing China Tank Industry Co. Ltd
- Everest Kanto Cylinder Ltd
- MCS Technologies GmbH
Highlights of The Automotive Gas Cylinder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CNG Cylinder
- Hydrogen Cylinder
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Gas Cylinder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive gas cylinder is a container that holds compressed natural gas (CNG). The cylinders are used in cars and trucks to power the engines.
Some of the major companies in the automotive gas cylinder market are 3M, CleanNG, CNG Cylinders Internationa, Cobham, Faber Industrie, Luxfer Gas Cylinders, Quantum Fuel Systems LLC, Beijing China Tank Industry Co. Ltd, Everest Kanto Cylinder Ltd, MCS Technologies GmbH.
The automotive gas cylinder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Gas Cylinder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Gas Cylinder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Gas Cylinder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Gas Cylinder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Gas Cylinder Market Size & Forecast, 2018-2028
4.5.1 Automotive Gas Cylinder Market Size and Y-o-Y Growth
4.5.2 Automotive Gas Cylinder Market Absolute $ Opportunity
Chapter 5 Global Automotive Gas Cylinder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Gas Cylinder Market Size Forecast by Type
5.2.1 CNG Cylinder
5.2.2 Hydrogen Cylinder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Gas Cylinder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Gas Cylinder Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Gas Cylinder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Gas Cylinder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Gas Cylinder Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Gas Cylinder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Gas Cylinder Market Size Forecast by Type
9.6.1 CNG Cylinder
9.6.2 Hydrogen Cylinder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Gas Cylinder Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Gas Cylinder Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Gas Cylinder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Gas Cylinder Market Size Forecast by Type
10.6.1 CNG Cylinder
10.6.2 Hydrogen Cylinder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Gas Cylinder Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Gas Cylinder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Gas Cylinder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Gas Cylinder Market Size Forecast by Type
11.6.1 CNG Cylinder
11.6.2 Hydrogen Cylinder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Gas Cylinder Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Gas Cylinder Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Gas Cylinder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Gas Cylinder Market Size Forecast by Type
12.6.1 CNG Cylinder
12.6.2 Hydrogen Cylinder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Gas Cylinder Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Gas Cylinder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Gas Cylinder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Gas Cylinder Market Size Forecast by Type
13.6.1 CNG Cylinder
13.6.2 Hydrogen Cylinder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Gas Cylinder Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Gas Cylinder Market: Competitive Dashboard
14.2 Global Automotive Gas Cylinder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 CleanNG
14.3.3 CNG Cylinders Internationa
14.3.4 Cobham
14.3.5 Faber Industrie
14.3.6 Luxfer Gas Cylinders
14.3.7 Quantum Fuel Systems LLC
14.3.8 Beijing China Tank Industry Co. Ltd
14.3.9 Everest Kanto Cylinder Ltd
14.3.10 MCS Technologies GmbH
