Automobile Fuel Tanks Market Insights, Competitive Landscape and Forecast Report to 2023
28th
April 2020 – The global Automobile Fuel Tanks Market is expected to display higher growth
rate in the upcoming years owing to the robust growth automotive industry in
North America and Asia pacific region. Rising sales of sports, utility, and
luxury vehicles is anticipated to boost market growth over the forecast period.
Increasing demand from heavy-duty vehicles that increasingly utilized for
farming & building activities coupled with rising population levels across
the globe are expected to foster market demand in the near future. Globally,
market is predicted to generate massive revenue over the forecast period,
providing numerous opportunities for industry participants to invest in
research and development of automobile fuel tanks market.
Automobile fuel tanks are used to store flammable fluids including
petrol and diesel. Capacity of the automobile fuel tanks varies as per vehicle
type, manufacturers and engine requirement. Automobile fuel tanks acts as a
safe container for flammable fluids, the fuel is propelled through fuel pumps
or released via pressurized gas into an engine. Automobile fuel tanks are
manufactured by using metal sheets of steel or aluminum, which are molded as
per requirement. Plastic high-density polyethylene (HDPE) fuel tanks are also
gaining traction in the global market owing to their cost efficiency and easy
raw materials availability.
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Tanks Market Report with TOC @ https://www.millioninsights.com/industry-reports/automobile-fuel-tanks-market
Furthermore, rising demand for luxury and high-tech
vehicles is expected to propel the market growth in the forecast period. The
adoption of modern-day electronic techniques and devices to open and close fuel
tanks has made the automotive systems more reliable, accurate, and
fuel-efficient. Growing competition in automotive sector with substantial
increase in the number of automotive original equipment manufacturers (OEMs),
dealers, and additional stakeholders inside the supply chain are anticipated to
drive market growth in the upcoming years.
The automobile fuel tank market is broadly
categorized into two major segments based on the product type such as metal
fuel tanks and plastic high-density polyethylene (HDPE) fuel tanks. Metal fuel
tanks segment is growing rapidly in the market with substantial revenue
generation in the last few years. Growing popularity of metal fuel tanks
segment is attributed to the increasing product penetration in the global
market.
Key Players Analysis covered in these report:
• Inergy
• Kautex
• TI Automotive
• Yachiyo
• Hwashin
• YAPP
• Martinrea
• Suguang
• Luzhou North Chemical
• Chengdu Lingchuan
• Shunrong
• Futaba
• FTS
• Wanxiang Tongd
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Fuel Tanks Market Report @ https://www.millioninsights.com/industry-reports/automobile-fuel-tanks-market/request-sample
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (M USD), market
share and growth rate of Automobile Fuel Tanks in these regions, from 2012 to
2023 (forecast), covering
• North
America (United States, Canada and Mexico)
• Europe
(Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South
America (Brazil, Argentina, Columbia)
• Middle
East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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