CNG, RNG, and Hydrogen Tanks Market Size & Trends Shows a Rapid Growth by 2028

CNG, RNG, And Hydrogen Tanks Market size was valued at USD 1.73 Billion in 2020 and is projected to reach USD 3.26 Billion by 2028, growing at a CAGR of 8% from 2022 to 2028. CNG tanks are widely adopted in light-duty vehicles by several automotive manufacturers globally as they are economical in the long run and emit lease greenhouse gases as compared to petrol or diesel. Also, the CNG infrastructure for refueling vehicles is well developed in many countries. These factors accoupled with government initiatives for adopting clean fuel are also driving the CNG tanks market.

Market Players:

YRC Freight, XPO Logistics, Old Dominion, UPS Freight, Estes Express Lines, ABF Freight, R+L Carriers, Saia Motor Freight Line, Southeastern Freight Lines, Holland Regional, J.B. Hunt, Schneider, Swift Transportation, and Werner Enterprises.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity? 

Global CNG, RNG, and Hydrogen Tanks Market Report by Segment

By Gas Type:

• Compressed Natural Gas (CNG)
• Hydrogen
• Renewable Natural Gas (RNG)

By Material Type:

• Metal
• Carbon Fiber
• Glass Fiber

By Application:

• Fuel Tank
• Transportation Tank 

Global CNG, RNG, and Hydrogen Tanks Market  Report by Region

North America       

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East and Africa