24 December 2018
– The Global Fuel
Tank Market are containers that are installed in a vehicle to
store fuel and keep it safe. Fuel tanks are of categorized into two major
segments as plastic and metal. Metal fuel tanks are made up of either aluminum
or steel whereas plastic fuel tanks majorly consist of High Density
Polyethylene (HDPE). The report has segmented the global automotive fuel tank
market by fuel tank type (Plastic, Steel), by region (Asia-Oceania, North
America, Europe, and RoW), automotive fuel tank material market by type (HDPE,
Aluminum, Steel) and by Capacity (<45L, 45L-70L, >70L), two-wheelers
(mopeds & motorcycles).
Asia-Pacific region, with several developing countries such
as India, Japan and China is expected to be the largest market for fuel tank.
Key factors influencing market growth include growing population, improving
standard of living and rise in per capita income. Additionally, China has
overpowered the U.S. and become the largest car-producing nation at the global
level. India, China and South Korea are the main contributors to the market
growth of fuel tank market in Asia. Many OEMs have been expanding in this
region to cater the huge demand of the Asia-Pacific region. The North American
market has emerged strong and is growing at a moderate pace. Besides, the
European market, is projected to spur the automotive industry in technological
advancements.
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Two wheeler vehicles are another attractive segment which is
booming around the globe, and particularly dominated in the emerging economies.
Metal segment is primarily dominated by the fuel tanks for the two-wheelers,
however, in the recent times, lightweight materials is expected to grow at a
considerable CAGR with penetration in this market over the next eight years.
Currently, the lightweight fuel tanks can be seen in high-end premium
motorcycles. On the other hand, reduction in the overall per unit price and
advancements in the manufacturing technologies, the same is anticipated to
penetrate the usual commuter two-wheeler segment in the foreseeable future.
The market for automotive fuel tank is primarily driven by
increasing vehicle demand across the globe. The Asia-Pacific region has emerged
as the most dominant market for fuel tank industry. Fuel tank manufacturers
including Unipres Corporation (Japan), Yachiyo Industry Co., Ltd. (Japan),
Magna International Inc. (Canada), Bellsonica Corporation (Japan), Textron Inc.
(U.S.) and FTS Co. Ltd. (Japan) have their presence in this region.
Asia-Pacific is estimated to contribute approximately 47% of the overall fuel
tank market share in terms of revenue
This report defines and classifies the global fuel tank
market size by volume and revenue sales in the fuel tank industry. Market value
is provided in terms of $Million whereas market size is in terms of volume is provided
in thousand units (000 units) from 2016 to 2024. Besides, the report also
includes competitive intelligence and qualitative research regarding the market
drivers, restraints, opportunities, and challenges existent in the fuel tank
market.
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Market Segment:
Global Fuel Tank
market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
• Magna Steyr
• Honxin
• Kautex Textron
• TI Automotive
• Other
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Plastic Fuel Tank
• Metal Fuel Tank
On the basis of the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate for
each application, including
• Passenger Vehicles
• Commercial Vehicles
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