Automotive Fuel Tank Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2028.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive fuel tank market include FTS Co. Ltd., Kautex Textron Gmbh & Co. KG., Magna International Inc., Martinrea International Inc., SMA Serbatoi S.P.A., The Plastic Omnium Group, TI Automotive Inc., Unipres Corporation, Yachiyo Industry Co. Ltd., YAPP Automotive Parts Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The automobile industry has observed a sustained increase in car production and sales in recent years. The rise in car production can be ascribed to the rising population, improved socioeconomic conditions, economic expansion, and infrastructure development. Growth in middle-class discretionary income, particularly in developing countries, has also led to increased car manufacturing and demand. As a result of the inclination for individual mobility and two-wheelers being a cost-effective means of transportation, the need for two-wheelers is expanding. Hence, the global automotive fuel tank market is projected to grow due to the growing automobile industry and vehicle productions. Furthermore, the increased demand for environmentally friendly fuel tanks is pushing the market forward. Additionally, the increasing improvement of materials like HDPE plastic fuel tanks and carbon fibre composites to reduce vehicle weight will likely augment the market growth. However, the development of electric car production is projected to stifle automotive fuel tanks market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive fuel tank. The growth and trends of Automotive Fuel Tank Industry provide a holistic approach to this study.
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Market Segmentation
This section of the automotive fuel tank market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Capacity
· Up To 45 Liters
· 45-70 Liters
· Above 70 Liters
By Material
· Hdpe
· Aluminum
· Steel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Fuel Tank market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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According to the new market research report "Automotive Fuel Tank Market by Capacity (70 L), Material (Aluminium, Plastic & Steel), SCR Technology, CNG Tank Type (Type 1, Type 2, Type 3 & Type 4), Propulsion Type (Hybrid, Hydrogen, ICE & NGV) and Region - Global Forecast to 2027", published by MarketsandMarkets™, The Automotive Fuel Tank Market is estimated to be USD 20.5 billion in 2020 and projected to reach USD 27.4 billion by 2027, at a CAGR of 4.2%.The market is driven by increasing vehicle production, including passenger and commercial vehicles, demand for lightweight vehicles for achieving a longer driving range, government support for alternate fuels, stringent emission norms that require minimum GHG emissions, and government initiatives pertaining to hydrogen infrastructure.Browse and in-depth TOC on “Automotive Fuel Tank Market” 145 - Tables50 - Figures181 - Pages Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23737735High-Density Polyethylene to be the most widely used material for automotive fuel tanks marketPlastic fuel tanks are principally produced using High-Density Polyethylene (HDPE).
Plastic fuel tanks find application in almost every vehicle segment, including passenger cars, LCVs, and HCVs.
As of 2020, plastic fuel tanks are estimated to account for the largest share, in terms of both volume and value, of the global Automotive Fuel Tank Market.
Among all the three segments, the largest market is for fuel tank capacity with 45-70 liters as the vehicle production for sedans and mini SUVs is growing at a fast rate in Asian and European countries like Japan, China, India, Germany, France, and Spain.Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=23737735 Asia Oceania is projected to be the fastest-growing Automotive Fuel Tank MarketThe Asia Oceania region is the largest automobile producer, given the increasing demand for passenger vehicles in countries such as China, India, Japan, and South Korea.
With this growth in vehicle production, the demand for automotive fuel tanks has increased in Asia Oceania.The key players in the Automotive Fuel Tank Market include The Plastic Omnium (France), Textron-Kautex (Germany), Yapp (China), TI Fluid (UK), Yachiyo (Japan), Unipres (Japan), Fuel Total Systems (Japan), Magna International (Canada), and SMA Serbatoi S.P.A. (Italy), and among others.
These companies have followed supply contracts/agreements/partnerships/collaborations/joint ventures as key strategies to gain traction in the Automotive Fuel Tank Market.Browse Related Reports:Automotive Fuel Injection Pump Market by Type (Common Rail and Rotary Distributor), Application (Direct Injection and Multi-Point Fuel Injection), Pressure (Low Pressure and High Pressure), Vehicle (PC, LCV, and HCV), and Region - Global Forecast to 2025Diesel Exhaust Fluid Market by Component (SCR Catalyst, DEF Tank, Injector, Supply Module, Sensor), OHV Market by Application (Construction & Agriculture), Aftermarket by Vehicle Type, Supply Mode (Cans, IBC, Bulk & Pump), & by Region - Forecast to 2022About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
