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Exclusive Report on Automotive Fuel Tank Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Automotive

The “Automotive Fuel Tank Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Automotive Fuel Tank industry. The information available in the Automotive Fuel Tank market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Automotive Fuel Tank market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Automotive Fuel Tank Market:

  • Magna International Inc.
  • Plastic Omnium Group
  • Ti Automotive
  • Unipres Corporation
  • Kautex Textron GmbH
  • Yapp Automotive Parts Co. Ltd
  • Fuel Total Systems (FTS) Co. Ltd
  • SMA Serbatoi SpA
  • Yachiyo Industry Co. Ltd
  • Sakamoto Industry Co. Ltd

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    Market Overview:

  • The automotive fuel tank market (henceforth, referred to as the market studied) is expected to reach USD 23.73 billion by 2024, projecting a CAGR of 3.96%, during the forecast period.
  • – One of the major factors driving the growth of the market is increasing demand for, and sales of, commercial vehicles (owing to rise in the e-commerce sector, resulting in the growth of the logistics industry and construction sector). However, factors, such as growing penetration and demand for electric vehicles and rise in prices of base metal i.e., aluminum, may hinder the growth of the market studied.
  • – Manufacturers around the world are substituting metal fuel tanks with plastic fuel tanks to fulfill the growing demand and satisfy the discerning customer requirements. Plastic fuel tanks have many inherent advantages over metal fuel tanks, and this is augmenting their popularity in the automotive fuel tank market. Some of the major plus points of plastic tanks are lightweight nature of the material, design flexibility, corrosion resistance, and durability; as a result, plastic is becoming more preferred than any other material for building fuel tanks.

    Scope of the Report:

  • The automotive fuel tank market is segmented by capacity and material type. The automotive fuel tank market study scope is limited to only passenger cars and commercial vehicles; two-wheelers are not part of the scope.

    Reasons for Buying Automotive Fuel Tank Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    The 45 – 70 liter Fuel Tank Segment is Expected to Dominate the Automotive Fuel Tank Market

    The 45 – 70 liter fuel tank segment of the market studied was valued at USD 10.35 billion in 2018, and it is also expected to witness the fastest CAGR during the forecast period.

    Most of the new vehicle models launched by the automobile manufacturers, over the past five years (2013 – 2018), had a minimum tank capacity of 45 liter, to meet the growing demand for vehicles that are well suited for long journeys, along with greater mileage range. Apart from the aforementioned factor, large capacity fuel tanks help in occupying the dead space available within the chassis of the vehicle. Moreover, with the additional weight, they add stability to the car’s dynamics.

    Among vehicle types, majorly SUVs have contributed to a significant share of more than 40% in this market segment, in 2018. Globally, the sales of SUVs have been consistently increasing over the past four years (2014 – 2018), and reached nearly 29.77 million unit sales in 2018, with an increase of 6.8% from 2017. China, the United States, and Europe have been the largest markets for SUVs, over the past four years (2014 – 2019). The demand for SUVs is likely to continue to grow, owing to the improving economic situations in both developed, as well as developing countries, like India, Brazil, etc., during the forecast period.

    Owing to the growing demand for SUVs, automobile manufacturers have been introducing more of their SUV models across several countries, to capture the growing market demand.

    The Asia-Pacific Region Dominates the Automotive Fuel Tank Market and is Expected to Witness the Fastest Growth Rate

    The Asia-Pacific region is expected to witness the fastest CAGR of 4.52%, during the forecast period.

    In Asia-Pacific, in 2018, China dominated the regional market, and accounted for 64.12% share of the total market, followed by Japan and India. China is one of the major manufacturers of vehicles, globally. In 2017, 24,961,948 units of passenger vehicles were sold in China, compared to 24,376,902 units in 2016. The increased sales of the vehicles in the country are expected to drive the automotive fuel tank market.

    However, in 2018, the country witnessed a decline in vehicle sales by 3%, owing to trade tensions and shaky consumer confidence. Additionally, industry experts predict a further decline by 5% in vehicles sales in 2019. In January 2019, the government introduced many measures with an aim to increase sales of cars. The National Development and Reform Commission (NDRC) announced that the restrictions may be loosened for the second-hand automobile market, and appropriate subsidies are likely to be provided to boost rural sales of some vehicles as well as the purchase of new energy vehicles. Additionally, with the growing demand for vehicles, the fuel tank manufacturers are expanding their business by increasing their current production capacity.

    In Japan, domestic automobile production has witnessed a steady rise since 2012, owing to weaker Japanese yen and a stronger global market for the automotive industry. The Japanese automobile market grew marginally in 2018, owing to increased sales of mini-vehicles, according to the Japan Automobile Dealers Association and Japan Mini Vehicles Association statistics. In 2018, all vehicle sales grew to reach 5,234,165 units.

    Automotive Fuel Tank Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Automotive Fuel Tank Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.4 Market Restraints
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Capacity
    5.1.1 Less than 45 liter
    5.1.2 45 – 70 liter
    5.1.3 Above 70 liter
    5.2 By Material Type
    5.2.1 Plastic
    5.2.2 Aluminum
    5.2.3 Steel
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.1.4 Rest of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 United Arab Emirates
    5.3.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers and Acquisitions
    6.3 Company Profiles
    6.3.1 Magna International Inc.
    6.3.2 Plastic Omnium Group
    6.3.3 Ti Automotive
    6.3.4 Unipres Corporation
    6.3.5 Kautex Textron GmbH
    6.3.6 Yapp Automotive Parts Co. Ltd
    6.3.7 Fuel Total Systems (FTS) Co. Ltd
    6.3.8 SMA Serbatoi SpA
    6.3.9 Yachiyo Industry Co. Ltd
    6.3.10 Sakamoto Industry Co. Ltd

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    8 DISCLAIMER

     

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