Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019: Trend, Forecast, and Competitive Analysis

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Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019: Trend, Forecast, and Competitive Analysis

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Background:

The global composite CNG tanks market for automotive industry is expected to reach an estimated value of $524 million by 2019 with a double digit growth over the next five years. The major driver of composite CNG tanks market for automotive industry is development and growth of the natural gas powered vehicles. Emergence of CNG as a low-cost fuel compared to gasoline and diesel helps to drive the demand for CNG powered vehicles, which is likely to further intensify the demand for CNG tanks. Composite CNG tanks are much lighter than their conventional counterparts, resulting in weight savings with more fuel storage capacity, while providing an additional improvement in fuel economy of vehicles.

Lucintel, a leading global management consulting and market research firm, has analyzed the global composite CNG tanks market for automotive industry by segments and region, and has come up with a comprehensive research report "Growth Opportunities for Composite CNG Tank in Global Automotive Industry 2014-2019: Trends, Forecast, and Competitive Analysis" This report provides an analysis of the global composite CNG tanks market for automotive industry including analysis of the market trend, the competitive landscape, company profiles, mergers and acquisitions, emerging trends, and key drivers of industry growth. The study also includes global forecasts for composite CNG tanks through 2019, segmented by four regions and end user applications such as heavy duty vehicles and light duty vehicles. The composite CNG tank market is also segmented by types of tanks such as type-II, type-III, and type-IV.

On the basis of its comprehensive research, Lucintel forecasts that composite CNG tanks for automotive industry will grow significantly during 2014-2019. CNG tank market for heavy duty vehicles will witness strong growth by 2019 due to introduction of new CNG powered vehicles and switch to CNG fuel by major fleet owners. Manufacturers are continuously adopting new strategies to gain market share in this industry. In recent years, type-IV has emerged as the largest segment among different types of CNG tanks for automotive industry. Luxfer Gas Cylinders, Hexagon Composites, Worthington Cylinders, Faber Industrie and Beijing Tianhai Industrial Co. are among the major suppliers of composite CNG tank for global automotive industry. Innovation and development in the area of CNG powered vehicles is further expected to boost the demand of CNG tanks.

The biggest challenges prevailing in the composite CNG tanks market are limited refueling stations, particularly for the fleet operators, and relatively higher price compared to traditional steel tanks. Rising price of raw materials such as fiber, resin, and other components used in manufacturing of composite CNG tanks are the few challenges to the growth of the industry. Regular innovation of products is very important for companies to sustain their successful position in the market.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.

Features of This Report:

To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational
material suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019: Trend, Forecast, and Competitive Analysis" include:
- Analysis of competitive intensity of the industry based on Porter's Five Forces model which helps to understand the competitive position of industry players
- Market size in terms of value and volume by type of tanks (Type II, Type III and Type IV), by fiber type (Carbon Fiber and Glass Fiber), by application (Light-Duty Vehicles and Heavy-Duty Vehicles), and by region ( North America, Europe, Asia Pacific, and ROW), market size trend (2008-2013) and forecast (2014-2019) for key market segments that are useful to make major investment decisions
- Regional analysis for composite CNG tanks in global automotive industry in all the four regions in terms of value and volume shipments
- Competitive analysis, emerging trends, customer analysis, market drivers and growth opportunity analysis facilitate a sound investment decision.
1. Executive Summary
2. CNG Tanks for Automotive Industry Background and Classification
2.1: Introduction
2.2: Industry Classification
2.2.1: Steel Tanks or Type I Tanks
2.2.2: Composites Tanks
2.3: Markets Served
2.3.1: Light-Duty Vehicles
2.3.2: Heavy-Duty Vehicles
2.4: Manufacturing Process
2.5: Supply Chain
3. Market Trend and Forecast Analysis
3.1: Current market analysis
3.1.1: Global CNG tanks market by value and by volume
3.1.2: Regional markets for CNG tank by value and by volume
3.2: Market trend analysis
3.2.1: Macroeconomic trends
3.2.2: Global CNG tanks market by value and by volume
3.2.3: Global CNG market trend by type of tanks
3.2.4: Global composite CNG market trend by application
3.2.5: Global composite CNG tanks market by type of raw materials
3.2.6: Regional market trend for CNG tank by value and by volume
3.2.7: Industry drivers and challenges
3.3: Market forecast analysis
3.3.1; Macroeconomic forecasts
3.3.2; Global CNG tanks market by value and by volume
3.3.3: Forecast for global composite CNG tanks market by type of tank
3.3.4: Forecast for global composite CNG tanks market by applications
3.3.5: Forecast for global composite CNG tanks market by fiber type
3.3.6: Forecast for global composite CNG tanks market by regions
4. Competitor Analysis
4.1: Product portfolio analysis
4.2: Market share analysis
4.3; Geographical reach
4.4; Operational integration
4.5: Porter's Five Forces Analysis of composite CNG tanks market in global automotive industry
5. Growth Opportunity and Strategic Analysis
5.1: Growth opportunities analysis
5.2: Strategic analysis
5.2.1; New market entry
5.2.2: Expansion strategy
5.2.3: Mergers and acquisitions
5.2.4: Innovations
5.3: Emerging trends in composite CNG tanks market
6. Company Profiles of Leading Players
7. Customer Analysis
7.1: Customer in different segments
7.2: Customer's geographic reach
7.3; Major customer profiles

List of Figures

Chapter 2. CNG Tanks for Automotive Industry Background and Classification
Figure 2.1: Types of CNG tanks for automotive industry
Figure 2.2: Typical weight range for 200 bar cylinders (source: US DOT)
Figure 2.3: Steel CNG fuel tank for vehicles (source: Global Bridge International)
Figure 2.4: Traditional steel CNG Tank Used in Vehicles (source: Cilbras)
Figure 2.5: Fiber reinforced CNG Tank
Figure 2.6: Type-II aluminum composites fuel tank (source: BTIC)
Figure 2.7: Composites penetration in type-II CNG tank
Figure 2.8: Carbon fiber composite CNG Fuel Type-III tank (source: Luxfer)
Figure 2.9: Composites penetration in type-III CNG tank
Figure 2.10: Sun bus loaded with 12 Type-IV CNG Fuel Tanks Mounted on Bus Roof
Figure 2.11: Composites penetration in type-IV CNG tank
Figure 2.12: Composites tanks with safety valves and fittings (source: Luxfer Dynetek)
Figure 2.13: Hydraulic pressure cycle testing in CNG tanks (source: Powertech Labs)
Figure 2.14: CNG permeation test in CNG Type-IV tank (source: Powertech Labs)
Figure 2.15: Historic CNG vehicle and equipment
Figure 2.16: 1932 Chrysler "Ironsides" powered by a mogas natural gas system
Figure 2.17: Toyota camry natural gas hybrid CNG vehicle (source: Toyota NGV)
Figure 2.18: A CNG-fueled taxi in India
Figure 2.19: 2007 Honda Civic GX with a 4-cylinderengine that runs on CNG
Figure 2.20: Iveco Stralis CNG waste disposal truck (Source: Iveco)
Figure 2.21: Renault CNG gas truck (Source: Renault)
Figure 2.22: Mercedes-Benz econic refuels from a biogas dispenser (Source: Mercedes)
Figure 2.23: Mercedes-Benz urban bus -- the Citaro CNG (source: Mercedes)
Figure 2.24: Filament winding process of manufacturing CNG tanks
Figure 2.25: Fiber raw materials
Figure 2.26: Impregnation bath/epoxy resin
Figure 2.27: Filament winding
Figure 2.28: Curing oven
Figure 2.29: Supply chain of CNG tank market with key players
Chapter 3. Market Trend and Forecast Analysis
Figure 3.1: Global CNG tanks market ($M) distribution by type in 2013
Figure 3.2: Global CNG tanks market ($M) by type in 2013
Figure 3.3: Global CNG tanks market (thousand units) distribution by type in 2013
Figure 3.4: Global CNG tanks market (thousand units) by type in 2013
Figure 3.5: Composite consumption (M pounds) distribution in global CNG tanks market by type in 2013
Figure 3.6: Composite consumption (M Pounds) in global CNG tanks market by type in 2013
Figure 3.7: Global composite CNG tanks market ($M) distribution by application in 2013
Figure 3.8: Global composite CNG tanks market ($M) by application in 2013
Figure 3.9: Composites consumption ($M) distribution in global CNG tanks market by fiber type in 2013
Figure 3.10: Composites consumption ($M) in global CNG tanks market by fiber type in 2013
Figure 3.11: Composites consumption (M Pounds) distribution in global CNG tanks market by fiber type in 2013
Figure 3.12: Composites consumption (M Pounds) in global CNG tanks market by fiber type in 2013
Figure 3.13: Composite CNG tanks market ($ M) distribution by region in 2013
Figure 3.14: Composite CNG tanks market ($ M) by region in 2013
Figure 3.15: Composite CNG tanks market (thousand units) distribution by region in 2013
Figure 3.16: Composite CNG tanks market (thousand units) by region in 2013
Figure 3.17: Global GDP growth rate trend
Figure 3.18: Regional GDP growth rate trend at constant price
Figure 3.19: Natural gas vehicle penetration in global automotive production (M units) in 2013
Figure 3.20: Global natural gas vehicles (M Units) trend (cumulative) during 2008-2013
Figure 3.21: Global natural gas vehicles (M Units) trend (annual) during 2008-2013
Figure 3.22: Light-Duty natural gas vehicle (thousand units) trend during 2008-2013
Figure 3.23: Light-Duty CNG vehicles market (thousand units) trend during 2008-2013
Figure 3.24: Heavy-Duty natural gas vehicles market (thousands units) trend during 2008-2013
Figure 3.25: Heavy-Duty CNG vehicles market (thousand units) trend during 2008-2013
Figure 3.26: Other Natural gas vehicles market (thousand units) trend during 2008-2013
Figure 3.27: Other CNG vehicles market (thousand units) during 2008-2013
Figure 3.28: Top Five NGV populated countries in 2013 (source: IANGV)
Figure 3.29: Penetration of CNG vehicles (million units) in total NGV industry in 2013
Figure 3.30: Comparison of average prices of retail fuels in the US during 2008-2013
Figure 3.31: Global CNG tanks market trend during 2008-2013
Figure 3.32: Global composite CNG tanks market trend during 2008-2013
Figure 3.33: Composite consumption trend in global CNG market during 2008-2013
Figure 3.34: Global CNG tanks market ($ M) trend by type during 2008-2013
Figure 3.35: Global CNG tanks market (thousand units) trend by type during 2008-2013
Figure 3.36: Global composite CNG tanks market ($ M) Trend by type during 2008-2013
Figure 3.37: Global composite CNG tanks market (Thousand Units) trend by type during 2008-2013
Figure 3.38: Composite consumption (M Pounds) trend in global CNG tanks market by type during 2008-2013
Figure 3.39: CAGR of composite CNG tanks market by type during 2008-2013
Figure 3.40: Global composite CNG tanks market ($M) trend by application during 2008-2013
Figure 3.41: CAGR of composite CNG tanks market by application during 2008-2013
Figure 3.42: Composite consumption in CNG tanks market ($M) by type of fiber during 2008-2013
Figure 3.43: Composite consumption in CNG tank market (M pounds) by type of fiber during 2008-2013
Figure 3.44: CAGR of composite consumption in global CNG tanks market by type of fiber during 2008-2013
Figure 3.45: Composite CNG tanks market ($ million) by region during 2008-2013
Figure 3.46: Composite CNG tanks market (thousand units) by region during 2008-2013
Figure 3.47: CAGR of composite CNG tanks market by region during 2008-2013
Figure 3.48: Drivers and challenges in global CNG tanks market
Figure 3.49: Global GDP growth rate forecast
Figure 3.50: Global natural gas vehicles (M Units) forecast (cumulative) during 2014-2019
Figure 3.51: Global natural gas vehicles (M Units) forecast (annual) during 2014-2019
Figure 3.52: Light-Duty natural gas vehicle (thousand units) forecast during 2014-2019
Figure 3.53: Light-Duty CNG vehicles market (thousand units) forecast during 2014-2019
Figure 3.54: Heavy-Duty natural gas vehicle (thousand units) forecast during 2014-2019
Figure 3.55: Heavy-Duty CNG vehicles market (thousand units) forecast during 2014-2019
Figure 3.56: Penetration of CNG vehicles (M units) in total NGV industry 2019
Figure 3.57: Price forecast for alternative fuels during 2014-2019 (source: World Bank commodity price forecast)
Figure 3.58: Global CNG tanks market forecast during 2014-2019
Figure 3.59: Global composite CNG tanks market forecast during 2014-2019
Figure 3.60: Composite consumption forecast in global composite CNG tanks market during 2014-2019
Figure 3.61: Global CNG tanks market ($M) forecast by type during 2014-2019
Figure 3.62: Global CNG tanks market (thousand units) forecast by type during 2014-2019
Figure 3.63: Global composite CNG tanks market ($M) forecast by type during 2014-2019
Figure 3.64: Global composite CNG tanks market (thousand units) forecast by type during 2014-2019
Figure 3.65: Composite consumption (M pounds) forecast in global CNG tanks market by type during 2014-2019
Figure 3.66: CAGR of composite CNG tanks market by type during 2014-2019
Figure 3.67: Global composite CNG tanks market ($M) forecast by application during 2014-2019
Figure 3.68: CAGR of composite CNG tanks market by application during 2014-2019
Figure 3.69: Composite consumption in CNG tank market ($M) by fiber type during 2014-2019
Figure 3.70: Composite consumption (M Pounds) in composite CNG tanks market by fiber type during 2014-2019
Figure 3.71: CAGR of composite consumption in CNG tanks market by fiber types during 2014-2019
Figure 3.72: Composite CNG tanks market ($M) by region during 2014-2019
Figure 3.73: Composite CNG tanks market (thousand units) by region during 2014-2019
Figure 3.74: CAGR of composite CNG tanks market by region during 2014-2019
Chapter 4. Competitor Analysis
Figure 4.1: Market share analysis of composites CNG tanks market 2013 ($M)
Figure 4.2: Market share analysis of composites CNG type-II tank market 2013 ($M)
Figure 4.3: Market share analysis of composites CNG type-III tank market 2013 ($M)
Figure 4.4: Market share analysis of composites CNG type-IV tank market 2013 ($M)
Figure 4.5: Geographical footprint of composite CNG tank manufacturers
Figure 4.6: Market coverage matrix for global composite CNG tanks market
Figure 4.7: Porter's Five Forces Model for global composite CNG tanks market
Chapter 5. Growth Opportunity and Strategic Analysis
Figure 5.1: Growth opportunities in Global CNG tanks market by type 2014-2019
Figure 5.2: Growth opportunities in CNG tank market by region 2014-2019
Figure 5.3: Growth opportunities for composite materials in global CNG tanks market 2014-2019
Figure 5.4: Major capacity expansion in composite CNG tanks market by major players
Figure 5.5: Emerging trends in composite CNG tanks market
Figure 5.6: Kiboko liner-less composites CNG pressure vessel
Figure 5.7: Energtek demonstration of CNG lite technology
Chapter 7. Customer Analysis
Figure 7.1: Major OEMs in global natural gas vehicle market
Figure 7.2: Geographical footprint of customers of composite CNG tanks market

List of Tables

Chapter 1. Executive Summary
Table 1.1: Market parameters for global composites CNG tank market and attributes of usage
Chapter 2. CNG Tanks for Automotive Industry Background and Classification
Table 2.1: Comparative data of CNG tanks used for automotive applications
Table 2.2: Competing materials' presence across different types of tanks
Table 2.3: Range of fiber mechanical properties (source: international gas union report)
Chapter 3. Market Trend and Forecast Analysis
Table 3.1: Market trends (2008-2013) in global CNG tanks shipment
Table 3.2: Average growth rates for one, three, and five years in global CNG tanks market in terms of $ shipment
Table 3.3: Market trends in global composite CNG tanks shipment
Table 3.4: Average growth rates for one, three, and five years in global composite CNG tanks market in terms of $ shipment
Table 3.5: Market Forecast (2014-2019) in global CNG tanks shipment
Table 3.6: Average Growth rates for one, three, and five years in global CNG tanks market in terms of $ shipment
Table 3.7: Market forecast in global composite CNG tanks shipment
Table 3.8: Average growth rates for one, three, and five years in global composite CNG tanks market in terms of $ shipment
Chapter 4. Competitor Analysis
Table 4.1: Composite CNG tank manufacturers in automotive industry product details
Table 4.2: Product mapping of composite CNG tank manufacturers in automotive industry based on type of tanks
Table 4.3: Product mapping of composite CNG tank manufacturers in automotive industry based on type of vehicles
Table 4.4: Composite CNG tank manufacturers with their headquarter location
Table 4.5: Presence of composite CNG tank manufacturers across the value chain
Chapter 5. Growth Opportunity and Strategic Analysis
Table 5.1: New players in composite CNG tanks market
Table 5.2: Innovations in composite CNG tanks market
Chapter 7. Customer Analysis
Table 7.1: Major customers/end users of composite CNG tanks for different market segments
Table 7.2: Recent developments in natural gas vehicles

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Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019: Trend, Forecast, and Competitive Analysis

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