Market Overview:
The global vehicle 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 gas cylinders in order to reduce emissions from vehicles. The global vehicle gas cylinder market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into CNG cylinders and hydrogen cylinders. The CNG cylinder segment dominates the global vehicle gas cylinder market owing to its high adoption in passenger vehicles as well as commercial vehicles across regions such as North America, Latin America, Europe and Asia Pacific.
Product Definition:
A vehicle gas cylinder is a metal container which holds compressed gas. The gas can be used to power the engine or to run appliances in the vehicle.
CNG Cylinder:
CNG cylinder is a portable container that contains compressed natural gas. It is used to supply CNG into the vehicle's gas tank. The size of the cylinder depends on the type of vehicle in which it is installed, for instance, for cars it will be smaller than what is required for trucks and busses.
Hydrogen Cylinder:
Hydrogen cylinder is a portable device used to store hydrogen gas. It can be used as an emergency backup for the vehicle gas cylinder in case of engine failure or any other reason the vehicle cannot start. The usage of hydrogen cylinders is very similar to that of petrol cylinders, with some minor differences such as size and weight. A standard petrol sized cylinder holds around 70 liters of fuel whereas a Hydrogen sized cylinder holds around 25-35 liters depending on its filling pressure and temperature respectively.
Application Insights:
The global vehicle gas cylinder market is segmented by application into passenger vehicle and commercial vehicles. The commercial vehicles include trucks, buses, coaches and lorries. Commercial vehicles are further categorized into heavy-duty diesel engines on account of lower fuel consumption per unit distance travelled as compared to their counterparts running on gasoline or petrol fuels.
Passenger vehicle applications accounted for the largest share in 2017 owing to increasing sales of passenger cars in emerging economies such as China, India and Brazil over the past few years coupled with high consumer demand for these cars in developed regions such as North America and Europe. In addition, introduction of new technologies that reduce pollution levels has led consumers towards purchasing these types of automobiles over others globally which is also a key factor driving this segment at present time.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand for CNG and LNG cylinders in countries, such as China, India, South Korea, and Japan. The growing adoption of CNG vehicles in countries like China and India on account of rising air pollution concerns is also expected to drive regional market growth. In addition, factors such as increasing automobile production coupled with stringent emission norms set by regulatory bodies are further anticipated to propel industry expansion over the coming years.
The European region accounted for a significant share of global vehicle gas cylinder market revenue owing to high demand from several major markets including France Germany Italy Poland Russia Spain Ukraine & U K & other Eastern & Central European Countries which were once part of USSR Union before 1990s.
Growth Factors:
- Increasing demand for vehicles owing to the growth of the automotive industry
- Rising disposable income of consumers, which is resulting in an increase in demand for luxury cars
- Technological advancements in the field of vehicle manufacturing that are helping to improve fuel efficiency and reduce emissions
- Stringent government regulations pertaining to vehicular emissions and fuel economy standards
- Growing popularity of alternative fuel vehicles such as electric and hybrid cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Gas Cylinder Market Research Report
By Type
CNG Cylinder, Hydrogen Cylinder
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
M, 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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Gas Cylinder Market Report Segments:
The global Vehicle 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:
- M
- 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 Vehicle 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 Vehicle 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A vehicle gas cylinder is a cylindrical container that holds the fuel used to power an engine. The fuel is typically compressed air, but can also be gasoline or diesel.
Some of the major companies in the vehicle gas cylinder market are M, 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 vehicle gas cylinder market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle 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 Vehicle Gas Cylinder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle 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 Vehicle 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 Vehicle Gas Cylinder Market Size & Forecast, 2020-2028
4.5.1 Vehicle Gas Cylinder Market Size and Y-o-Y Growth
4.5.2 Vehicle Gas Cylinder Market Absolute $ Opportunity
Chapter 5 Global 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 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 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 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 Vehicle 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 Vehicle 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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) 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 Vehicle Gas Cylinder Market: Competitive Dashboard
14.2 Global Vehicle Gas Cylinder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
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
