“The global automotive fuel tank market is estimated to be valued at $3,522.7 million in 2014 and is projected to grow to at a CAGR of 5.85% from 2014â2019. The automotive fuel tank market is primarily growing due to increasing vehicle demand. The technological innovations in this market are being pushed by increasing pressure by government authorities to develop lightweight and less permeable fuel tanks.
Based on the scope of this report, the automotive fuel tank market has been segmented by capacity (<45L, 45L â 70L, >70L), by fuel tank type (plastic and steel), and by region (Asia-Oceania, Europe, North America, and RoW). The market for materials used in fuel tank is also provided in this report. The materials used in fuel tank have been segmented into HDPE, steel, and aluminum.
This report classifies and defines the global automotive fuel tank market size, in terms of volume and value. Market size in terms of volume is provided in thousand units (â000 units) from 2012â2019, whereas the market value is provided in terms of ($million). For automotive fuel tank material market, market size in terms of volume is provided in (Metric Ton). This report also provides qualitative data about types of automotive fuel tank.
The report offers a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global automotive fuel tank market. Key players in the market for global automotive fuel tanks have also been identified and profiled. Apart from quantitative analysis of these markets, the report also covers qualitative aspects such as value chain analysis, PEST analysis, and Porterâs Five Force analysis for the global automotive fuel tank market.
The global automotive fuel tank market is dominated by few major players with other local small/medium players. Few of the key players include Martinrea International Inc. (Canada), The Plastic Omnium Group (France), Yachiyo Industry Co., Ltd. (Japan), Unipres Corporation (Japan), Magna International Inc. (Canada), Textron Inc. (U.S.), Bellsonica Corporation (Japan), and FTS Co., Ltd. (Japan). The major strategy adopted by these key market players is region-wise expansion and new product development.
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