The future of composite CNG tanks in the global automotive industry looks attractive with increasing penetration of composite tanks and rising CNG-powered vehicle population.
Europe is expected to remain the largest market due to an increase in NGV population as well as high demand for lightweight tanks.
The Global Automotive for Composite CNG Tanks Market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Automotive for Composite CNG Tanks Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Beijing Tianhai Industry
Faber Industrie
Hexagon Composites
Luxfer Gas Cylinders
MCS International
Quantum Technologies
Xperion
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Glass Fiber Composites
Carbon Fiber Composites
In Market segmentation by applications :
Light-Duty Vehicles
Heavy-Duty Vehicles
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Automotive for Composite CNG Tanks Market for the forecast period 2020 - 2026?
• What are the driving forces in the Automotive for Composite CNG Tanks Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Automotive for Composite CNG Tanks industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?