Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on the composite CNG tanks market and presents its findings in “Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019: Trend, Forecast, and Competitive Analysis.”
The report analyses the composite CNG tanks market for all the four regions and analyses the risk factors and growth opportunities and resolves that it will reach $524 million by 2019 with a double digit growth over the next five years. It also segments the market by region (NA, Europe, APAC, and ROW), type of tanks (Type-II, Type-III, and Type-IV), by applications (Light-duty and Heavy-duty vehicles), and composites consumption by fiber type (carbon and glass fiber).
