Global Automotive Fuel Tank Market Size, Trends & Growth Opportunity, By Capacity (Less than 45 liter, 45-70 liter, Above 70 liter), By Material Type (Plastic, Aluminum, Steel )By Region and Forecast till 2027.
Report ID : QR1001457 | Industries : Automotive and Transportation | Published On :March 2022 | Page Count : 241Global Automotive Fuel Tank Market
The global Automotive Fuel Tank market was valued at USD 16.6 billion in 2020 which expected to reach USD 21.3 billion by 2027 at a CAGR 6.66% from 2020-2027.
A fuel tank is a critical automotive component because it stores and protects the flammable fluid gas. The fuel tank is an integral part of the vehicle that is integrated with the engine and pumps fuel in the form of pressurized gas as needed. The tank shields the flammable gas from direct contact with the atmosphere and keeps the fire out of reach.
Market Drivers
The increase in vehicle production can be attributed to rising population, improved socioeconomic conditions, economic growth, and infrastructure development. An increase in middle-class disposable income, particularly in developing countries such as India and Mexico, has also contributed to an increase in vehicle production and demand. As a result of the preference for individual mobility and two wheelers being a cost effective mode of transportation, the demand for two wheelers is increasing.
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Market Restraints
The Effect of an Increase in Electric Vehicle Production The increasing market penetration of electric vehicles is one of the major restraints in the fuel tank market. Rising demand for zero-emission vehicles is also expected to boost electric vehicle sales in the future. Electric vehicle technologies have become more affordable over time, with several governments encouraging the use of electric vehicles through tax breaks and other incentives.
COVID-19 Impact on the Automotive Fuel Tank Market
Due to lockdowns and shutdowns of manufacturing facilities in various parts of the world, the automotive industry faced an uncertain recovery timeline as a result of the pandemic. During COVID-19, the automotive industry faced four major challenges: a limited supply of vehicle parts, lower sales of new vehicles, the closure of production facilities, and a decrease in working capital. Because the automotive fuel tank market is dependent on vehicle production, the outbreak is expected to have an impact on this market. However, according to various industry experts, the recovery may regain momentum by the second half of 2021 as demand for passenger cars, LCVs, and HCVs increases, while subsequent growth in two-wheeler sales across regions is observed in 2021, which will boost the recovery.
Market Segmentation
The Global Automotive Fuel Tank Market is segmented into Product. By Capacity such as Less than 45 liter, 45-70 liter, above 70 liter. By Material Type Plastic, Aluminum, Steel.
Regional Analysis
Global Automotive Fuel Tank Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Automotive Fuel Tank market. The rising demand for passenger vehicles in countries such as China, India, Japan, and South Korea China is the world's largest automaker. The commercial vehicle market in India is rapidly expanding and contributes significantly to the country's GDP. Furthermore, growing industrialization and improved infrastructure developments in the Asia Oceania region are propelling the growth of commercial vehicles. In addition, vehicle manufacturing and production are expanding rapidly as a result of FDIs flowing into countries such as Thailand, Malaysia, and Vietnam. As vehicle production has increased, so has demand for automotive fuel tanks in Asia and Oceania.
Key Players
Various key players are listed in this report such as The Plastic Omnium Group, Textron – Kautex , Yapp , TI Fluid Systems, Yachiyo , Unipres Corporation , Magna International and FTS - Fuel Total Systems , SMA Serbatoi S.p.A. , SRD Holdings Limited.
Market Taxonomy
By Capacity
- Less than 45 liter
- 45-70 liter
- Above 70 liter
By Material Type
- Plastic
- Aluminum
- Steel
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Automotive Fuel Tank Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Automotive Fuel Tank Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Fuel Tank Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Fuel Tank Market, By Capacity
5.1 Y-o-Y Growth Comparison, By Capacity
5.2 Global Automotive Fuel Tank Market Share Analysis, By Capacity
5.3 Global Automotive Fuel Tank Market Size and Forecast, By Capacity
5.3.1 Less than 45 liter
5.3.2 45-70 liter
5.3.3 Above 70 liter
6 Global Automotive Fuel Tank Market, By Material Type
6.1 Y-o-Y Growth Comparison, By Material Type
6.2 Global Automotive Fuel Tank Market Share Analysis, By Material Type
6.3 Global Automotive Fuel Tank Market Size and Forecast, By Material Type
6.3. Plastic
6.4 Aluminum
6.5 Steel
7 Global Automotive Fuel Tank Market, By Region
7.1 Global Automotive Fuel Tank Market Share Analysis, By Region
7.2 Global Automotive Fuel Tank Market Share Analysis, By Region
7.3 Global Automotive Fuel Tank Market Size and Forecast, By Region
8 North America Automotive Fuel Tank Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Automotive Fuel Tank Market Share Analysis, By Capacity
8.3 North America Automotive Fuel Tank Market Size and Forecast, By Material Type
8.4 North America Automotive Fuel Tank Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Automotive Fuel Tank Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Automotive Fuel Tank Market Share Analysis, By Capacity
9.3 Europe Automotive Fuel Tank Market Size and Forecast, By Material Type
9.4 Europe Automotive Fuel Tank Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Automotive Fuel Tank Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Automotive Fuel Tank Market Share Analysis, By Capacity
10.3 Asia Pacific Automotive Fuel Tank Market Size and Forecast, By Material Type
10.4 Asia Pacific Automotive Fuel Tank Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Automotive Fuel Tank Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Automotive Fuel Tank Market Share Analysis, By Capacity
11.3 Latin America Automotive Fuel Tank Market Size and Forecast, By Material Type
11.4 Latin America Automotive Fuel Tank Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Automotive Fuel Tank Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Automotive Fuel Tank Market Share Analysis, By Capacity
12.3 Middle East Automotive Fuel Tank Market Size and Forecast, By Material Type
12.4 Middle East Automotive Fuel Tank Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 The Plastic Omnium Group
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Textron – Kautex
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Yapp.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 TI Fluid Systems
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Yachiyo.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Unipres Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Magna International
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 FTS - Fuel Total Systems
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 SMA Serbatoi S.p.A
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 SRD Holdings Limited
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategie