Global Automotive Fuel Tank Market By Vehicle Type (Passenger Cars, Two-Wheelers and Commercial Vehicles), By Capacity (<15L, 15L-45L, 45L-70L & >70L), By Region, Competition, Forecast & Opportunities, 2025
In 2019, the global automotive fuel tank market stood around 153 million units and is expected to witness a CAGR of over 13% during 2021 - 2025.Increasing vehicle production and imposing regulation on reducing vehicle weight by governments of several countries are among the major driving factors of automotive fuel tank market across the globe.
In Europe and North America, automotive manufacturers are obligated by government regulations to come up with innovative designs of vehicles to improve fuel efficiency and lower fuel consumption. These factors are expected to drive the automotive fuel tank market through 2025.
Global automotive fuel tank market is segmented into by vehicle type and by capacity.In terms of vehicle type, the market is further segmented into passenger car, commercial vehicle and two-wheeler.
Passenger car segment held the largest market share in 2019 and this trend is expected to continue over the course of next five years as demand for passenger cars is increasing enormously across the globe due to growing per capita income and rising need for personal transportation.
In terms of fuel tank capacity, the market is further segmented into <15L, 15-45L, 45-70L, >70L. As of 2019, 15-45L segment dominated the market, followed by <15L segment, and this trend is expected to prevail through 2025. In terms of regional analysis, the market can be segmented into Asia-Pacific, North America, Europe, South America and Africa. Asia-Pacific is anticipated to grow at the highest rate during the forecast period due to favorable government initiatives and support, combined with increasing production of vehicles in various countries of the region. In Asia-Pacific, China dominated the global market and the country’s vehicle production is growing at an impressive rate which is further forecast to grow at rapid rate in the coming years as well.
Major players operating in the global automotive fuel tank market include Magna International Inc., Kautex Textron Gmbh & Co. KG, Plastic Omnium Auto Inergy Ltd., Yachiyo Industry Co Ltd, TI Automotive Ltd, among others.
• To assess the demand-supply scenario of automotive fuel tank, which covers production, demand and supply of automotive fuel tanks, globally. • To analyse and forecast the market size of automotive fuel tank market. • To classify and forecast global automotive fuel tank market based on vehicle type, fuel tank capacity and regional distribution. • To identify drivers and challenges for global automotive fuel tank market. • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive fuel tank. • To conduct the pricing analysis for automotive fuel tank. • To identify and analyze the profile of leading players involved in manufacturing automotive fuel tank. To perform the study, the analyst conducted primary as well as exhaustive secondary research.Initially, the analyst prepared an exhaustive list of automotive fuel tank players operating globally.
Subsequently, the analyst conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, the analyst could include manufacturers which could not be identified due to the limitations of secondary research. The analyst examined product offerings and regional presence of all major automotive fuel tank suppliers across the globe. The analyst calculated the market size for global automotive fuel tank by using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. The analyst sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size.
Multiple secondary sources such as directories, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Automotive fuel tank manufacturers, suppliers, distributors and other stakeholders • Associations, organizations, forums and alliances related to automotive fuel tank • Government bodies such as regulating authorities and policy makers • Market research and consulting firms The study is useful in providing answers to several critical questions that are important for industry stakeholders such as automotive fuel tank manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global automotive fuel tank market has been segmented into following categories, in addition to the industry trends which have also been detailed below: • Market, By Vehicle Type: o Passenger Car o Commercial Vehicle o Two-Wheeler • Market, By Fuel Tank Capacity: o <15L o 15-45L o 45-70L o >70L • Market, by Region: o Asia-Pacific o North America o Europe o South America o Africa
Company Profiles: Detailed analysis of the major companies present in automotive fuel tank.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five). Profit Margin Analysis • Profit margin analysis in case of direct and indirect sales channel.
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279 pages •
By Global Industry Analysts
• Sep 2020
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