Global Automotive Fuel Tank Market is Projected to Attain Substantial Absolute $ Opportunity in Terms of Value Through 2022

Press Release
Boom Lifts Market

The automotive fuel tank market is expected to grow at a CAGR of 7.68% during 2017-2022, to a market size of USD 16.26 billion by the year 2020. Fuel tank or petrol tank is a safe container for the flammable fluid which is typically a part of theengine system. It may range in size and complexity from the small tank to multi-chambered. Two technologies used to make fuel tanks for automobiles are Metal(Steel or aluminium) and Plastic high-density polyethylene(HPDE).

Market Dynamics
Technologies from aviation sector like self-sealing fuel tank technology are slowly seeping into the automotive sector. The advantages of HPDE are that it is impact-resistant, self-sealing, corrosion resistance, flexible, durability, and lightweight. Technology adoption in Asian countries along with the changing preferences of buyers for the size of fuel tank have increased the demand in the region. Manufacturers are compelled by the fuel emission regulations in Europe and North America to reduce the weight of the vehicle so as to lower down the fuel consumption and improve fuel efficiency. Thus manufacturers are installing light materials and parts which will boost the sale of automotive fuel tank. Biggest challenge in adoption of plastic fuel tanks in global market is its high cost over metal fuel tanks, which refrains price-sensitive buyers to produce a demand.
Procure this Market Intelligence Report:
Market Segmentation
Automotive Fuel Tank Market can be segmented as following:-
On the basis of Product type:
o Metals
o Plastics
o Composites
On the basis of Application:
o Structural components
o Interior components
o exterior components
o Powertrain components
Geographic Analysis
Europe, North-America, and Asia-Pacific dominated the automotive fuel tank market globally. Europe and North America have recently announced inflexible evaporative emission standards which increases the demand of fuel tanks in these regions. China in Asia-Pacific country holds the largest market share and other contributors are Japan, South Korea and India. India appears to be emerging whereas Japan and South Korea are the well-established markets.
Key Players
Some of the key players inAutomotive Tank globally are:-
Magna International
Lyondell Basell
Unipres Corporation
Plastic Omnium Group
TI Automotive
Allgaier Automotive
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Rest of Eastern Europe

Asia Pacific
Australia and New Zealand
Rest of Asia Pacific

Download and Get Sample PDF File of this Strategic Report:

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage


Related Articles