Global Automotive Fuel Tank 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.

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:-

--> Continental

--> Magna International

--> Lyondell Basell

--> Unipres Corporation

--> Plastic Omnium Group

--> TI Automotive

--> Allgaier Automotive

Report Contents:

> 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

Regional Analysis:

> 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

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> 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.

Report Highlights:

> 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