CNG Tank Market Outlook:
CNG Tank Market size was valued at USD 2.78 billion in 2025 and is expected to reach USD 6.4 billion by 2035, registering around 8.7% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of CNG tank is assessed at USD 3 billion.
The lower the carbon footprint, the more countries are promoting the use of CNG vehicles for transportation and logistics. Governments are offering various schemes and policies in the form of incentives, tax benefits, and subsidies to increase the consumption of CNG. The majority of countries have replaced their conventional public transportation with CNG tank-based vehicles. The integration of CNG in automobiles is set to increase the profits of leading companies in the year ahead. The research and development focused on the hydrogen-based CNG is generating positive earning opportunities for industry giants.
For instance, the U.S. government invested more than USD 233.8 million in the CNG transit initiative. The project aims to advance public transport buses by integrating CNG technologies. Such huge funding is expanding the compressed natural gas infrastructure and boosting the revenues of key CNG tanks market players. Such investments are increasing the dominance of the country in the zero-emission landscape and mitigating the reliance on fossil fuel buses. CNG tank-installed transport buses are more cost-effective and represent leadership in renewable gas transportation.
