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CNG Tanks Market By Raw Material, By Propulsion, By Vehicle Type, By Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 380 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713168
Compressed natural gas (CNG) is a mixture of methane and trace quantities of light hydrocarbons, nitrogen, and CO2, which are generated during geological transformation from peat to anthracite coal. It is used as a fuel in vehicles. It is most commonly stored on board vehicles in high pressure tanks, which are usually referred as CNG tanks.

The global automotive industry has experienced tremendous transformation in past few years. The ever-growing demand for passenger safety has made vehicle manufacturers to focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes. Owing to this, the demand for composite cylinders is growing at a faster pace due to the various properties of its materials such as lighter weight, improved safety, and superior corrosion resistance. The rapid surge in the application of natural gas powered vehicles and rise in demand for lightweight storage solutions are positive factors that foster the growth of CNG tanks market.

The CNG tanks market is segmented on the basis of raw material, propulsion, vehicle type, type, and region. By raw material, it is divided into glass fiber composites raw materials, carbon fiber composites raw materials, and others. By propulsion, it is bifurcated into petrol and diesel. By vehicle type, it is fragmented into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). By type, it is classified into P Type 1 CNG Tanks, Type 2 CNG Tanks, Type 3 CNG Tanks, and Type 4 CNG Tanks. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.

Key players that operate in this market include Anhui Clean Energy Co., Ltd., Avanco GmbH, Beijing Tianhai Industry Co., Ltd., Everest Kanto Cylinders Limited, Faber Industrie S.P.A, FIBA Technologies, Inc., Hexagon Composites ASA, Indoruss Synergy Pvt. Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Luxfer Holdings PLC, Maruti Koatsu Cylinders Ltd., NGV Technologies Inc., Plastic Omnium, Praxair Technology, Inc., Quantum Fuel Systems LLC, ULLIT, and Worthington Industries Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cng tanks market analysis from 2021 to 2031 to identify the prevailing cng tanks market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the cng tanks market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global cng tanks market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Raw Material

  • Glass Fiber Composites Raw Materials
  • Carbon Fiber Composites Raw Materials
  • Others

By Propulsion

  • Petrol
  • Diesel

By Vehicle Type

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Type

  • Type 1 CNG Tanks
  • Type 2 CNG Tanks
  • Type 3 CNG Tanks
  • Type 4 CNG Tanks

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Russia
  • Netherlands
  • UK
  • Poland
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Asean
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • United Arab Emirates
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Anhui Clean Energy Co., Ltd.
  • Avanco Group
  • Beijing Tianhai Industry Co. Ltd.
  • Everest Kanto Cylinders Ltd.
  • Faber Industrie S.P.A
  • Fiba technologies
  • Hexagon Composites ASA
  • Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
  • Luxfer Group
  • Maruti Koatsu Cylinders Ltd
  • NGV Technologies Inc
  • Plastic Omnium
  • Praxair Technologies Inc
  • Quantum Fuel Systems Technologies Worldwide Inc
  • Ullit SA
  • Worthington Industries
  • Indoruss Synergy Pvt. Ltd.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: CNG TANKS MARKET, BY RAW MATERIAL
4.1 Overview
4.1.1 Market size and forecast
4.2 Glass Fiber Composites Raw Materials
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Carbon Fiber Composites Raw Materials
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: CNG TANKS MARKET, BY PROPULSION
5.1 Overview
5.1.1 Market size and forecast
5.2 Petrol
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Diesel
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: CNG TANKS MARKET, BY VEHICLE TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Passenger Vehicles
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Light Commercial Vehicles
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Heavy Commercial Vehicles
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: CNG TANKS MARKET, BY TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 Type 1 CNG Tanks
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Type 2 CNG Tanks
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Type 3 CNG Tanks
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Type 4 CNG Tanks
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country

CHAPTER 8: CNG TANKS MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Raw Material
8.2.3 North America Market size and forecast, by Propulsion
8.2.4 North America Market size and forecast, by Vehicle Type
8.2.5 North America Market size and forecast, by Type
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Market size and forecast, by Raw Material
8.2.6.1.2 Market size and forecast, by Propulsion
8.2.6.1.3 Market size and forecast, by Vehicle Type
8.2.6.1.4 Market size and forecast, by Type
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Raw Material
8.2.6.2.2 Market size and forecast, by Propulsion
8.2.6.2.3 Market size and forecast, by Vehicle Type
8.2.6.2.4 Market size and forecast, by Type
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Raw Material
8.2.6.3.2 Market size and forecast, by Propulsion
8.2.6.3.3 Market size and forecast, by Vehicle Type
8.2.6.3.4 Market size and forecast, by Type
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Raw Material
8.3.3 Europe Market size and forecast, by Propulsion
8.3.4 Europe Market size and forecast, by Vehicle Type
8.3.5 Europe Market size and forecast, by Type
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Raw Material
8.3.6.1.2 Market size and forecast, by Propulsion
8.3.6.1.3 Market size and forecast, by Vehicle Type
8.3.6.1.4 Market size and forecast, by Type
8.3.6.2 France
8.3.6.2.1 Market size and forecast, by Raw Material
8.3.6.2.2 Market size and forecast, by Propulsion
8.3.6.2.3 Market size and forecast, by Vehicle Type
8.3.6.2.4 Market size and forecast, by Type
8.3.6.3 Russia
8.3.6.3.1 Market size and forecast, by Raw Material
8.3.6.3.2 Market size and forecast, by Propulsion
8.3.6.3.3 Market size and forecast, by Vehicle Type
8.3.6.3.4 Market size and forecast, by Type
8.3.6.4 Netherlands
8.3.6.4.1 Market size and forecast, by Raw Material
8.3.6.4.2 Market size and forecast, by Propulsion
8.3.6.4.3 Market size and forecast, by Vehicle Type
8.3.6.4.4 Market size and forecast, by Type
8.3.6.5 UK
8.3.6.5.1 Market size and forecast, by Raw Material
8.3.6.5.2 Market size and forecast, by Propulsion
8.3.6.5.3 Market size and forecast, by Vehicle Type
8.3.6.5.4 Market size and forecast, by Type
8.3.6.6 Poland
8.3.6.6.1 Market size and forecast, by Raw Material
8.3.6.6.2 Market size and forecast, by Propulsion
8.3.6.6.3 Market size and forecast, by Vehicle Type
8.3.6.6.4 Market size and forecast, by Type
8.3.6.7 Spain
8.3.6.7.1 Market size and forecast, by Raw Material
8.3.6.7.2 Market size and forecast, by Propulsion
8.3.6.7.3 Market size and forecast, by Vehicle Type
8.3.6.7.4 Market size and forecast, by Type
8.3.6.8 Rest of Europe
8.3.6.8.1 Market size and forecast, by Raw Material
8.3.6.8.2 Market size and forecast, by Propulsion
8.3.6.8.3 Market size and forecast, by Vehicle Type
8.3.6.8.4 Market size and forecast, by Type
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Raw Material
8.4.3 Asia-Pacific Market size and forecast, by Propulsion
8.4.4 Asia-Pacific Market size and forecast, by Vehicle Type
8.4.5 Asia-Pacific Market size and forecast, by Type
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Raw Material
8.4.6.1.2 Market size and forecast, by Propulsion
8.4.6.1.3 Market size and forecast, by Vehicle Type
8.4.6.1.4 Market size and forecast, by Type
8.4.6.2 India
8.4.6.2.1 Market size and forecast, by Raw Material
8.4.6.2.2 Market size and forecast, by Propulsion
8.4.6.2.3 Market size and forecast, by Vehicle Type
8.4.6.2.4 Market size and forecast, by Type
8.4.6.3 Japan
8.4.6.3.1 Market size and forecast, by Raw Material
8.4.6.3.2 Market size and forecast, by Propulsion
8.4.6.3.3 Market size and forecast, by Vehicle Type
8.4.6.3.4 Market size and forecast, by Type
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Raw Material
8.4.6.4.2 Market size and forecast, by Propulsion
8.4.6.4.3 Market size and forecast, by Vehicle Type
8.4.6.4.4 Market size and forecast, by Type
8.4.6.5 Asean
8.4.6.5.1 Market size and forecast, by Raw Material
8.4.6.5.2 Market size and forecast, by Propulsion
8.4.6.5.3 Market size and forecast, by Vehicle Type
8.4.6.5.4 Market size and forecast, by Type
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Raw Material
8.4.6.6.2 Market size and forecast, by Propulsion
8.4.6.6.3 Market size and forecast, by Vehicle Type
8.4.6.6.4 Market size and forecast, by Type
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Raw Material
8.5.3 LAMEA Market size and forecast, by Propulsion
8.5.4 LAMEA Market size and forecast, by Vehicle Type
8.5.5 LAMEA Market size and forecast, by Type
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Raw Material
8.5.6.1.2 Market size and forecast, by Propulsion
8.5.6.1.3 Market size and forecast, by Vehicle Type
8.5.6.1.4 Market size and forecast, by Type
8.5.6.2 United Arab Emirates
8.5.6.2.1 Market size and forecast, by Raw Material
8.5.6.2.2 Market size and forecast, by Propulsion
8.5.6.2.3 Market size and forecast, by Vehicle Type
8.5.6.2.4 Market size and forecast, by Type
8.5.6.3 Saudi Arabia
8.5.6.3.1 Market size and forecast, by Raw Material
8.5.6.3.2 Market size and forecast, by Propulsion
8.5.6.3.3 Market size and forecast, by Vehicle Type
8.5.6.3.4 Market size and forecast, by Type
8.5.6.4 South Africa
8.5.6.4.1 Market size and forecast, by Raw Material
8.5.6.4.2 Market size and forecast, by Propulsion
8.5.6.4.3 Market size and forecast, by Vehicle Type
8.5.6.4.4 Market size and forecast, by Type
8.5.6.5 Rest of LAMEA
8.5.6.5.1 Market size and forecast, by Raw Material
8.5.6.5.2 Market size and forecast, by Propulsion
8.5.6.5.3 Market size and forecast, by Vehicle Type
8.5.6.5.4 Market size and forecast, by Type

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Anhui Clean Energy Co., Ltd.
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Avanco Group
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Beijing Tianhai Industry Co. Ltd.
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Everest Kanto Cylinders Ltd.
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Faber Industrie S. P. A
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Fiba technologies
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Hexagon Composites ASA
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Luxfer Group
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Maruti Koatsu Cylinders Ltd
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 NGV Technologies Inc
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Plastic Omnium
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Praxair Technologies Inc
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 Quantum Fuel Systems Technologies Worldwide Inc
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 Ullit SA
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
10.16 Worthington Industries
10.16.1 Company overview
10.16.2 Company snapshot
10.16.3 Operating business segments
10.16.4 Product portfolio
10.16.5 Business performance
10.16.6 Key strategic moves and developments
10.17 Indoruss Synergy Pvt. Ltd.
10.17.1 Company overview
10.17.2 Company snapshot
10.17.3 Operating business segments
10.17.4 Product portfolio
10.17.5 Business performance
10.17.6 Key strategic moves and developments

List of Tables
Table 1. Global Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 2. Cng Tanks Market, for Glass Fiber Composites Raw Materials, by Region, 2021-2031 ($Million)
Table 3. Cng Tanks Market for Glass Fiber Composites Raw Materials, by Country, 2021-2031 ($Million)
Table 4. Cng Tanks Market, for Carbon Fiber Composites Raw Materials, by Region, 2021-2031 ($Million)
Table 5. Cng Tanks Market for Carbon Fiber Composites Raw Materials, by Country, 2021-2031 ($Million)
Table 6. Cng Tanks Market, for Others, by Region, 2021-2031 ($Million)
Table 7. Cng Tanks Market for Others, by Country, 2021-2031 ($Million)
Table 8. Global Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 9. Cng Tanks Market, for Petrol, by Region, 2021-2031 ($Million)
Table 10. Cng Tanks Market for Petrol, by Country, 2021-2031 ($Million)
Table 11. Cng Tanks Market, for Diesel, by Region, 2021-2031 ($Million)
Table 12. Cng Tanks Market for Diesel, by Country, 2021-2031 ($Million)
Table 13. Global Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 14. Cng Tanks Market, for Passenger Vehicles, by Region, 2021-2031 ($Million)
Table 15. Cng Tanks Market for Passenger Vehicles, by Country, 2021-2031 ($Million)
Table 16. Cng Tanks Market, for Light Commercial Vehicles, by Region, 2021-2031 ($Million)
Table 17. Cng Tanks Market for Light Commercial Vehicles, by Country, 2021-2031 ($Million)
Table 18. Cng Tanks Market, for Heavy Commercial Vehicles, by Region, 2021-2031 ($Million)
Table 19. Cng Tanks Market for Heavy Commercial Vehicles, by Country, 2021-2031 ($Million)
Table 20. Global Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 21. Cng Tanks Market, for Type 1 Cng Tanks, by Region, 2021-2031 ($Million)
Table 22. Cng Tanks Market for Type 1 Cng Tanks, by Country, 2021-2031 ($Million)
Table 23. Cng Tanks Market, for Type 2 Cng Tanks, by Region, 2021-2031 ($Million)
Table 24. Cng Tanks Market for Type 2 Cng Tanks, by Country, 2021-2031 ($Million)
Table 25. Cng Tanks Market, for Type 3 Cng Tanks, by Region, 2021-2031 ($Million)
Table 26. Cng Tanks Market for Type 3 Cng Tanks, by Country, 2021-2031 ($Million)
Table 27. Cng Tanks Market, for Type 4 Cng Tanks, by Region, 2021-2031 ($Million)
Table 28. Cng Tanks Market for Type 4 Cng Tanks, by Country, 2021-2031 ($Million)
Table 29. Cng Tanks Market, by Region, 2021-2031 ($Million)
Table 30. North America Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 31. North America Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 32. North America Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 33. North America Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 34. North America Cng Tanks Market, by Country, 2021-2031 ($Million)
Table 35. U.S. Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 36. U.S. Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 37. U.S. Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 38. U.S. Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 39. Canada Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 40. Canada Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 41. Canada Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 42. Canada Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 43. Mexico Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 44. Mexico Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 45. Mexico Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 46. Mexico Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 47. Europe Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 48. Europe Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 49. Europe Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 50. Europe Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 51. Europe Cng Tanks Market, by Country, 2021-2031 ($Million)
Table 52. Germany Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 53. Germany Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 54. Germany Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 55. Germany Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 56. France Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 57. France Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 58. France Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 59. France Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 60. Russia Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 61. Russia Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 62. Russia Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 63. Russia Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 64. Netherlands Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 65. Netherlands Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 66. Netherlands Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 67. Netherlands Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 68. UK Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 69. UK Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 70. UK Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 71. UK Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 72. Poland Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 73. Poland Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 74. Poland Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 75. Poland Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 76. Spain Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 77. Spain Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 78. Spain Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 79. Spain Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 80. Rest of Europe Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 81. Rest of Europe Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 82. Rest of Europe Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 83. Rest of Europe Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 84. Asia-Pacific Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 85. Asia-Pacific Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 86. Asia-Pacific Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 87. Asia-Pacific Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 88. Asia-Pacific Cng Tanks Market, by Country, 2021-2031 ($Million)
Table 89. China Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 90. China Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 91. China Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 92. China Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 93. India Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 94. India Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 95. India Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 96. India Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 97. Japan Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 98. Japan Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 99. Japan Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 100. Japan Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 101. South Korea Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 102. South Korea Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 103. South Korea Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 104. South Korea Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 105. Asean Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 106. Asean Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 107. Asean Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 108. Asean Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 109. Rest of Asia-Pacific Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 110. Rest of Asia-Pacific Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 111. Rest of Asia-Pacific Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 112. Rest of Asia-Pacific Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 113. LAMEA Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 114. LAMEA Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 115. LAMEA Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 116. LAMEA Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 117. LAMEA Cng Tanks Market, by Country, 2021-2031 ($Million)
Table 118. Brazil Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 119. Brazil Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 120. Brazil Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 121. Brazil Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 122. United Arab Emirates Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 123. United Arab Emirates Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 124. United Arab Emirates Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 125. United Arab Emirates Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 126. Saudi Arabia Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 127. Saudi Arabia Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 128. Saudi Arabia Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 129. Saudi Arabia Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 130. South Africa Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 131. South Africa Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 132. South Africa Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 133. South Africa Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 134. Rest of LAMEA Cng Tanks Market, by Raw Material, 2021-2031 ($Million)
Table 135. Rest of LAMEA Cng Tanks Market, by Propulsion, 2021-2031 ($Million)
Table 136. Rest of LAMEA Cng Tanks Market, by Vehicle Type, 2021-2031 ($Million)
Table 137. Rest of LAMEA Cng Tanks Market, by Type, 2021-2031 ($Million)
Table 138. Anhui Clean Energy Co. Ltd.: Company Snapshot
Table 139. Anhui Clean Energy Co. Ltd.: Operating Segments
Table 140. Anhui Clean Energy Co. Ltd.: Product Portfolio
Table 141. Anhui Clean Energy Co. Ltd.: Net Sales
Table 142. Anhui Clean Energy Co. Ltd.: Key Strategies
Table 143. Avanco Group: Company Snapshot
Table 144. Avanco Group: Operating Segments
Table 145. Avanco Group: Product Portfolio
Table 146. Avanco Group: Net Sales
Table 147. Avanco Group: Key Strategies
Table 148. Beijing Tianhai Industry Co. Ltd.: Company Snapshot
Table 149. Beijing Tianhai Industry Co. Ltd.: Operating Segments
Table 150. Beijing Tianhai Industry Co. Ltd.: Product Portfolio
Table 151. Beijing Tianhai Industry Co. Ltd.: Net Sales
Table 152. Beijing Tianhai Industry Co. Ltd.: Key Strategies
Table 153. Everest Kanto Cylinders Ltd.: Company Snapshot
Table 154. Everest Kanto Cylinders Ltd.: Operating Segments
Table 155. Everest Kanto Cylinders Ltd.: Product Portfolio
Table 156. Everest Kanto Cylinders Ltd.: Net Sales
Table 157. Everest Kanto Cylinders Ltd.: Key Strategies
Table 158. Faber Industrie S. P. A: Company Snapshot
Table 159. Faber Industrie S. P. A: Operating Segments
Table 160. Faber Industrie S. P. A: Product Portfolio
Table 161. Faber Industrie S. P. A: Net Sales
Table 162. Faber Industrie S. P. A: Key Strategies
Table 163. Fiba Technologies: Company Snapshot
Table 164. Fiba Technologies: Operating Segments
Table 165. Fiba Technologies: Product Portfolio
Table 166. Fiba Technologies: Net Sales
Table 167. Fiba Technologies: Key Strategies
Table 168. Hexagon Composites Asa: Company Snapshot
Table 169. Hexagon Composites Asa: Operating Segments
Table 170. Hexagon Composites Asa: Product Portfolio
Table 171. Hexagon Composites Asa: Net Sales
Table 172. Hexagon Composites Asa: Key Strategies
Table 173. Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.: Company Snapshot
Table 174. Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.: Operating Segments
Table 175. Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.: Product Portfolio
Table 176. Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.: Net Sales
Table 177. Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.: Key Strategies
Table 178. Luxfer Group: Company Snapshot
Table 179. Luxfer Group: Operating Segments
Table 180. Luxfer Group: Product Portfolio
Table 181. Luxfer Group: Net Sales
Table 182. Luxfer Group: Key Strategies
Table 183. Maruti Koatsu Cylinders Ltd.: Company Snapshot
Table 184. Maruti Koatsu Cylinders Ltd.: Operating Segments
Table 185. Maruti Koatsu Cylinders Ltd.: Product Portfolio
Table 186. Maruti Koatsu Cylinders Ltd.: Net Sales
Table 187. Maruti Koatsu Cylinders Ltd.: Key Strategies
Table 188. Ngv Technologies Inc.: Company Snapshot
Table 189. Ngv Technologies Inc.: Operating Segments
Table 190. Ngv Technologies Inc.: Product Portfolio
Table 191. Ngv Technologies Inc.: Net Sales
Table 192. Ngv Technologies Inc.: Key Strategies
Table 193. Plastic Omnium: Company Snapshot
Table 194. Plastic Omnium: Operating Segments
Table 195. Plastic Omnium: Product Portfolio
Table 196. Plastic Omnium: Net Sales
Table 197. Plastic Omnium: Key Strategies
Table 198. Praxair Technologies Inc.: Company Snapshot
Table 199. Praxair Technologies Inc.: Operating Segments
Table 200. Praxair Technologies Inc.: Product Portfolio
Table 201. Praxair Technologies Inc.: Net Sales
Table 202. Praxair Technologies Inc.: Key Strategies
Table 203. Quantum Fuel Systems Technologies Worldwide Inc.: Company Snapshot
Table 204. Quantum Fuel Systems Technologies Worldwide Inc.: Operating Segments
Table 205. Quantum Fuel Systems Technologies Worldwide Inc.: Product Portfolio
Table 206. Quantum Fuel Systems Technologies Worldwide Inc.: Net Sales
Table 207. Quantum Fuel Systems Technologies Worldwide Inc.: Key Strategies
Table 208. Ullit SA: Company Snapshot
Table 209. Ullit SA: Operating Segments
Table 210. Ullit SA: Product Portfolio
Table 211. Ullit SA: Net Sales
Table 212. Ullit SA: Key Strategies
Table 213. Worthington Industries: Company Snapshot
Table 214. Worthington Industries: Operating Segments
Table 215. Worthington Industries: Product Portfolio
Table 216. Worthington Industries: Net Sales
Table 217. Worthington Industries: Key Strategies
Table 218. Indoruss Synergy Pvt. Ltd.: Company Snapshot
Table 219. Indoruss Synergy Pvt. Ltd.: Operating Segments
Table 220. Indoruss Synergy Pvt. Ltd.: Product Portfolio
Table 221. Indoruss Synergy Pvt. Ltd.: Net Sales
Table 222. Indoruss Synergy Pvt. Ltd.: Key Strategies

List of Figures
Figure 1. Cng Tanks Market Segmentation
Figure 2. Cng Tanks Market, 2021-2031
Figure 3. Cng Tanks Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Cng Tanks Mark.:Drivers, Restraints and Opportunities
Figure 12. Cng Tanks Market, By Raw Material, 2021(%)
Figure 13. Comparative Share Analysis of Glass Fiber Composites Raw Materials Cng Tanks Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Carbon Fiber Composites Raw Materials Cng Tanks Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Others Cng Tanks Market, 2021-2031(%)
Figure 16. Cng Tanks Market, By Propulsion, 2021(%)
Figure 17. Comparative Share Analysis of Petrol Cng Tanks Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Diesel Cng Tanks Market, 2021-2031(%)
Figure 19. Cng Tanks Market, By Vehicle Type, 2021(%)
Figure 20. Comparative Share Analysis of Passenger Vehicles Cng Tanks Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Light Commercial Vehicles Cng Tanks Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Heavy Commercial Vehicles Cng Tanks Market, 2021-2031(%)
Figure 23. Cng Tanks Market, By Type, 2021(%)
Figure 24. Comparative Share Analysis of Type 1 Cng Tanks Cng Tanks Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Type 2 Cng Tanks Cng Tanks Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Type 3 Cng Tanks Cng Tanks Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Type 4 Cng Tanks Cng Tanks Market, 2021-2031(%)
Figure 28. Cng Tanks Market by Region, 2021
Figure 29. U.S. Cng Tanks Market, 2021-2031($Million)
Figure 30. Canada Cng Tanks Market, 2021-2031($Million)
Figure 31. Mexico Cng Tanks Market, 2021-2031($Million)
Figure 32. Germany Cng Tanks Market, 2021-2031($Million)
Figure 33. France Cng Tanks Market, 2021-2031($Million)
Figure 34. Russia Cng Tanks Market, 2021-2031($Million)
Figure 35. Netherlands Cng Tanks Market, 2021-2031($Million)
Figure 36. Uk Cng Tanks Market, 2021-2031($Million)
Figure 37. Poland Cng Tanks Market, 2021-2031($Million)
Figure 38. Spain Cng Tanks Market, 2021-2031($Million)
Figure 39. Rest of Europe Cng Tanks Market, 2021-2031($Million)
Figure 40. China Cng Tanks Market, 2021-2031($Million)
Figure 41. India Cng Tanks Market, 2021-2031($Million)
Figure 42. Japan Cng Tanks Market, 2021-2031($Million)
Figure 43. South Korea Cng Tanks Market, 2021-2031($Million)
Figure 44. Asean Cng Tanks Market, 2021-2031($Million)
Figure 45. Rest of Asia-Pacific Cng Tanks Market, 2021-2031($Million)
Figure 46. Brazil Cng Tanks Market, 2021-2031($Million)
Figure 47. United Arab Emirates Cng Tanks Market, 2021-2031($Million)
Figure 48. Saudi Arabia Cng Tanks Market, 2021-2031($Million)
Figure 49. South Africa Cng Tanks Market, 2021-2031($Million)
Figure 50. Rest of LAMEA Cng Tanks Market, 2021-2031($Million)
Figure 51. Top Winning Strategies, by Year
Figure 52. Top Winning Strategies, by Development
Figure 53. Top Winning Strategies, by Company
Figure 54. Product Mapping of Top 10 Players
Figure 55. Competitive Dashboard
Figure 56. Competitive Heatmap of Top 10 Key Players
Figure 57. Anhui Clean Energy Co. Ltd.: Net Sales, ($Million)
Figure 58. Avanco Grou.: Net Sales, ($Million)
Figure 59. Beijing Tianhai Industry Co. Ltd.: Net Sales, ($Million)
Figure 60. Everest Kanto Cylinders Ltd.: Net Sales, ($Million)
Figure 61. Faber Industrie S.P..: Net Sales, ($Million)
Figure 62. Fiba Technologie.: Net Sales, ($Million)
Figure 63. Hexagon Composites As.: Net Sales, ($Million)
Figure 64. Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.: Net Sales, ($Million)
Figure 65. Luxfer Grou.: Net Sales, ($Million)
Figure 66. Maruti Koatsu Cylinders Lt.: Net Sales, ($Million)
Figure 67. Ngv Technologies In.: Net Sales, ($Million)
Figure 68. Plastic Omniu.: Net Sales, ($Million)
Figure 69. Praxair Technologies In.: Net Sales, ($Million)
Figure 70. Quantum Fuel Systems Technologies Worldwide In.: Net Sales, ($Million)
Figure 71. Ullit S.: Net Sales, ($Million)
Figure 72. Worthington Industrie.: Net Sales, ($Million)
Figure 73. Indoruss Synergy Pvt. Ltd.: Net Sales, ($Million)

Executive Summary

According to the report, “CNG Tanks Market," the CNG tanks market was valued at $1.5 billion in 2021, and is estimated to reach $2.6 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

In 2021, Asia-Pacific dominated the market, in terms of revenue, followed by North America, Europe, and LAMEA. Increase in vehicle production, rise in fuel efficiency norms in Asia-Pacific drives growth of the CNG tanks market in the region. Furthermore, stringent government regulations on account of environmental concern and increase in subsidy among various regions such as Asia-Pacific and LAMEA has increased the demand for CNG in the automotive industry which in turn is expected to fuel the demand for CNG tanks market.

The prominent key factors that drive growth of the CNG tanks market are surge in adoption of natural gas in the automotive industry and rise in environmental awareness. Owing to ever-increasing oil prices, the low-cost of CNG is preferred in many countries. Moreover, the growth in energy requirement by various nations leads to the use of non-conventional fuel such as compressed natural gas, which drives the market. Owing to this, increase in government regulations to promote the usage of CNG as fuel in the transportation sector.

The CNG tanks market is segmented on the basis of raw material, propulsion, vehicle type, type, and region. By raw material, it is divided into glass fiber composites raw materials, carbon fiber composites raw materials, and others. By propulsion, it is bifurcated into petrol and diesel. By vehicle type, it is segmented into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). By type, it is divided into P Type 1 CNG Tanks, Type 2 CNG Tanks, Type 3 CNG Tanks, and Type 4 CNG Tanks. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

COVID-19 Impact Analysis

The COVID-19 outbreak forced governments across the globe to implement stringent lockdowns and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials for vehicle components.

As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production and sales suffered severely, which, in turn, negatively impacted the market for CNG tanks market in 2020.

The pandemic hampered the production of crucial raw materials such as steel, which are used to produce alternative fuel-powered vehicles, hurting the global supply of these tanks. For instance, in January 2021, Japanese steel output declined by 3.9%, while in January 2020, it plummeted by 9.9%. CNG tank manufacturers' production capacity has been hampered by a widening gap between supply and demand for raw materials, as well as the closure of automobile component manufacturing sites.

However, vaccination enabled lowering of barriers to economic activity, as well as domestic and international travel. As the restrictions lifted, travel recovered quickly leading to increase in vehicle commutation, which is expected to boost the CNG tanks market.

Decline in the demand for petroleum products due to the shutdown of various industries, decrease in usage of personal vehicles for transportation, and ban over large-scale transportation system have huge impact on the demand for crude oil, thus leading to decline in the price of crude oil, which, in turn, led to the decline in CNG cost.

The shutdown of road and other means of transportation declined the production of cylinders for transportation, but the decrease in price of crude oil led to increase in investment of Asia-Pacific countries to hoard the crude oil. This eventually resulted in increase in demand of CNG vehicles which in turn will fuel the demand for CNG tanks market in near future.

Key Findings of the Study

  • By raw material, the glass fiber composites raw materials segment is expected to register a significant growth during the forecast period.
  • By propulsion, the petrol segment is projected to lead the global CNG tanks market.
  • By vehicle type, the passenger vehicles segment is projected to lead the global CNG tanks market.
  • By type, the type 2 CNG tanks segment is projected to lead the global CNG tanks market.
  • Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
  • Key players that operate in this CNG tanks market include Anhui Clean Energy Co., Ltd., Avanco GmbH, Beijing Tianhai Industry Co., Ltd., Everest Kanto Cylinders Limited, Faber Industrie S.P.A, FIBA Technologies, Inc., Hexagon Composites ASA, Indoruss Synergy Pvt. Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Luxfer Holdings PLC, Maruti Koatsu Cylinders Ltd., NGV Technologies Inc., Plastic Omnium, Praxair Technology, Inc., Quantum Fuel Systems LLC, ULLIT, and Worthington Industries Inc.

Companies Mentioned

  • Anhui Clean Energy Co., Ltd.
  • Avanco Group
  • Beijing Tianhai Industry Co. Ltd.
  • Everest Kanto Cylinders Ltd.
  • Faber Industrie S.P.A
  • Fiba technologies
  • Hexagon Composites ASA
  • Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
  • Luxfer Group
  • Maruti Koatsu Cylinders Ltd
  • NGV Technologies Inc
  • Plastic Omnium
  • Praxair Technologies Inc
  • Quantum Fuel Systems Technologies Worldwide Inc
  • Ullit SA
  • Worthington Industries
  • Indoruss Synergy Pvt. Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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