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| Market size in 2024 | US$ 725.6 million |
Forecast Market size by 2030 | US$ 1.08 billion |
|---|---|---|---|
| Growth Rate | CAGR of 6.8% | Number of Pages | 127 Pages |
The global Hoop Wrapped Cylinder market size was valued at US$ 725.6 million in 2024 and is projected to reach US$ 1.08 billion by 2030, at a CAGR of 6.8%
The United States Hoop Wrapped Cylinder market size was valued at US$ 215.4 million in 2024 and is projected to reach US$ 328.6 million by 2030, at a CAGR of 7.3%
Pressure vessels featuring composite reinforcement for high-pressure applications. Materials incorporate advanced composite wrapping technology. Products require specific certification compliance.
Industrial sector represents 58% share. Production precision at 98%. Safety compliance achieved 100%. Manufacturing automation at 85%. Applications: industrial (58%), specialty gases (25%), aerospace (17%). Technology innovations reduced weight 28%. Asia-Pacific dominates with 45% share. Lightweight solutions grew 42%. Industry collaborations increased 40%. Quality control represents 18% of costs. Innovation focuses on materials. Specialty applications show 42% growth.
Report Overview
Hoop wrapped cylinder is a type of pressure vessel used to store and transport compressed gases, such as industrial gases and specialty gases.
This report provides a deep insight into the global Hoop Wrapped Cylinder market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Hoop Wrapped Cylinder Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Hoop Wrapped Cylinder market in any manner.
Global Hoop Wrapped Cylinder Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Luxfer Gas Cylinder
Hexagon Composites
Sinoma
Aburi Composites
Faber Industrie
Worthington Cylinders
Dragerwerk
Santek
Time Technoplast
Rubis Caribbean
Ullit
Beijing Tianhai Industry
Market Segmentation (by Type)
Glass Fiber Composites
Carbon Fiber Composites
Market Segmentation (by Application)
Gas Carriers and Storage
Transportation
Life Support
Others
Geographic Segmentation
2025North America (USA, Canada, Mexico)
2025Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
2025Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
2025South America (Brazil, Argentina, Columbia, Rest of South America)
2025The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
2025Industry drivers, restraints, and opportunities covered in the study
2025Neutral perspective on the market performance
2025Recent industry trends and developments
2025Competitive landscape & strategies of key players
2025Potential & niche segments and regions exhibiting promising growth covered
2025Historical, current, and projected market size, in terms of value
2025In-depth analysis of the Hoop Wrapped Cylinder Market
2025Overview of the regional outlook of the Hoop Wrapped Cylinder Market:
Key Reasons to Buy this Report:
2025Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
2025This enables you to anticipate market changes to remain ahead of your competitors
2025You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
2025The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
2025Provision of market value (USD Billion) data for each segment and sub-segment
2025Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
2025Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
2025Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
2025Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
2025The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
2025Includes in-depth analysis of the market from various perspectives through Porter
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Hoop Wrapped Cylinder Market Research Report 2025(Status and Outlook) |
| Market size in 2024 | US$ 725.6 million |
| Forecast Market size by 2030 | US$ 1.08 billion |
| Growth Rate | CAGR of 6.8% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 127 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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