Global Automotive Fuel Tank Market 2019 report presents a detailed overview of the market’s present statistics and potential future growth trajectory based on a solid analysis of the market’s historical growth trajectory. Global Automotive Fuel Tank market is segmented based on material, capacity, and vehicle type.
Leading players in the global Automotive Fuel Tank industry include:
Continental (Germany), Lyondell Basell (Netherlands), Yachiyo (Japan), Allgaier Automotive (Germany), Boyd Welding (Florida), Dali and Samir Engineering (India), Martinrea International (Canada), Posco co. Ltd (South Korea), Baosteel group corporation (China), Plastic Omnium Group (France), Kautex Textron GmbH & Co. KG. (Germany), YAPP Automotive Parts Co. Ltd. (China), TI Automotive Inc. (U.K.), Magna International (Canada), Unipres Corporation (Japan).
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The factors that are responsible for the growth of automotive fuel tank market are growth in the automotive industry, innovation in fuel tank technology, an increase in sales of passenger and commercial vehicles in emerging economies, increase safety, and others. The increase in sales of passenger and commercial vehicles will result in growing demand for fuel tanks in vehicles.
This study provides an overview of the global automotive fuel tank market, tracking three market segments across three geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Fuel Tanks market by its material, capacity, and vehicle type, and region
The Passenger car segment is expected to dominate the market as compared to the commercial vehicle, due to which there will be an increase in demand for fuel tank capacity ranging from 45L to 70L. The manufacturers of fuel tanks make use of materials that are sustainable and provide durability and will result in increased safety of the passenger. The increased safety of fuel tank will result in the growth of the market in future.
Automotive Fuel Tank Market Segmentation:
The automotive fuel tank market is segmented based on material, capacity, and vehicle type.
By material, the market is segmented based on plastic, steel & aluminum. Aluminum is expected to dominate the market during the forecast period due to the lightweight property of the material. The use of aluminum will reduce the overall weight of the vehicle which will increase the fuel efficiency. In emerging economies, people tend to prefer vehicles that provide increase fuel efficiency. The use of aluminum in fuel tank will result in increased efficiency and drive the growth of the market in future.
By capacity, the market is segmented into <45L, 45L-70L & >70L. 45L-70L capacity is expected to dominate the market in future due to the increase installation of 45L-70L capacity fuel tank in the passenger cars.
Automotive Fuel Tank Market Regional Analysis:
By region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of new vehicles in countries such as India, China, and Japan. The increase in production of vehicle will result in growing installation of fuel tanks in the vehicle. The total sales of the vehicle including passenger and commercial vehicles was about 90 million units in 2015 and is expected to reach more than 100 million by the year 2023. According to OICA, the new vehicle sales have been increased from 2013 to 2016. This increase in the sales will result in the growth of the market in future.
North America is expected to be the second largest market due to increase investment for safety features in the vehicles. The increased safety feature will result in many manufacturers to develop fuel tank that are high durable. This increased safety will result in the growth of market in North America. In North America, U.S. is expected to be the dominating country that is expected to grow during the forecast period. Europe is expected to be the third largest market that is expected to grow during the forecast period. Germany is expected to dominate the market in Europe due to increase in sale of commercial vehicles.
Automotive Fuel Tank Market Report Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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