Automotive Fuel Tank Market by Material (Plastic, Steel & Aluminum), Capacity (<45L, 45L-70L & >70L), Vehicle Type (Passenger Car, and Commercial Vehicle), and region (North America, Europe, Asia Pacific, and ROW) with Global Industry forecast to 2023.
Leading Players Analyzed In Report:
Leading players in the global automotive fuel tank market include Baosteel Group Corporation, Posco Co. Ltd., Martinrea International, Dali and Samir Engineering, Boyd Welding, Allgaier Automotive, Yachiyo, LyondellBasell, Continental AG, Unipres Corporation, Magna International, TI Automotive Inc., YAPP Automotive Parts Co. Ltd., Kautex Textron GmbH & Co. KG, and Plastic Omnium Group.
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Market Overview:
The global automotive fuel tank market is expected to grow at a CAGR of 5.65% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global automotive fuel tank market is mainly driven by the growth of the automotive industry, though the growing demand for technological innovation in building stronger and safer fuel tanks is also likely to play a key role in the global automotive fuel tank market’s progress over the forecast period.
The global automotive fuel tank market is mainly driven by the growth of the automotive industry around the world in the last few years. The growing disposable income of consumers in emerging parts of the world has been a major driver for the global automotive industry, resulting in growing demand for components such as fuel tanks. The growing demand for passenger cars is likely to remain a key driver for the automotive fuel tank market in regions such as Asia Pacific and the Middle East.
The demand for stronger, safer fuel tanks has grown over recent years due to the growing demand for higher standards in terms of passenger comfort. Technological innovation into materials capable of being built into fuel tanks that don’t become cumbersome for the vehicle and yet provide enhanced mechanical strength and durability is likely to be in demand in the global automotive fuel tank market over the forecast period. The growing demand for lightweight tanks is also likely to be a major driver for the global automotive fuel tank market, as the higher environmental viability of lightweight automotive components has resulted in a growing demand for lightweight components.
The growing demand for electric cars could prove to be a considerable hindrance for the global automotive fuel tank market. Since electric cars don’t run on liquid, refillable fuel, they don’t need conventional automotive fuel tanks. However, the growing demand for innovation and progress in hydrogen storage technology is likely to lead to steady growth of the automotive fuel tank market over the forecast period, as hydrogen fuel tanks are basically a variant of the currently produced automotive fuel tanks rather than comprising a completely different technological setup.
Segmentation:
The global automotive fuel tank market is segmented on the basis of material, capacity, vehicle type, and region.
The global automotive fuel tank market is segmented by material into plastic, steel, and aluminum. The aluminum segment dominates the global automotive fuel tank market and is likely to remain the leading revenue generator over the forecast period due to the light weight of aluminum in comparison to steel and its high physical attributes, which allow for the creation of lightweight yet strong fuel tanks.
By capacity, the global automotive fuel tank market is segmented into <45 liter, 45-70 liter, and >70 liter. The 45-70 liter segment is expected to dominate the global automotive fuel tank market over the forecast period due to the growing adoption of fuel tanks of this capacity in passenger cars.
By vehicle type, the global automotive fuel tank market is segmented into passenger and commercial vehicles.
Regional Analysis:
Asia Pacific is likely to dominate the global automotive fuel tank market due to the growing automotive production in the region. The growing number of automotive OEMs in the region is likely to be a major driver for the automotive fuel tank market in Asia Pacific over the forecast period. An increasing number of OEMs in the region are also focusing on lightweight automotive fuel tanks, which is likely to drive the automotive fuel tank market in Asia Pacific over the forecast period.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
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
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
Table 1 Global Automotive Fuel Tank Market: By Region, 2017-2023
Table 2 North America Automotive Fuel Tank Market: By Country, 2017-2023
Table 3 Europe Automotive Fuel Tank Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive Fuel Tank Market: By Country, 2017-2023
Table 5 RoW Automotive Fuel Tank Market: By Country, 2017-2023
Table 6 Global Automotive Fuel Tank Market, By Capacity, By Regions, 2017-2023
Table 7 North America Automotive Fuel Tank Market, By Capacity, By Country, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL RENEWABLE ENERGY MARKET SHARE, BY TYPE, 2016 (%)
Continued…
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