The market crossed US$ 16.7 billion mark in 2022 and is expected to hit US$ 22.0 billion by 2030, recording a CAGR of 5.1% during the forecast period.
The Automotive Fuel Tank Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Automotive Fuel Tank market growth.
Get a Sample Report “Automotive Fuel Tank Market” to 2030 @: https://www.businessmarketinsights.com/sample/BMIRE00026576
Companies Profiled in this report includes:
- ALLGAIER AUTOMOTIVE
- BENTELER International
- FUTABA INDUSTRIAL CO., LTD.
- KAUTEX TEXTRON GMBH & CO. KG
- Magna International Inc.
- Martinrea International Inc.
- Plastic Omnium
- SMA SERBATOI S.p.A.
- TI Automotive
- Westport Fuel Systems Inc.
Automotive Fuel Tank Market is rising with Surging vehicle production volume
The automotive industry has witnessed steady vehicle production and sales growth in the past few years. According to the Organization Internationale des Constructeurs d’Automobiles (OICA), global vehicle production was estimated to be 92.2 million in 2019. The growth in vehicle production can be attributed to increasing population, improved socio-economic conditions, economic growth, and infrastructure development. An increase in disposable income of the middle class, particularly in developing nations such as India and Mexico, has also contributed to the increase in vehicle production and demand. Along with this, the demand for two-wheelers is increasing due to preference for individual mobility and two-wheelers being a cost-effective mode of transport.
In this report, the Automotive Fuel Tank market has been segmented based on:
- By Capacity:
- Less than 15 liters
- 15 liter-45 liters
- 45 liter-75 liters
- Above 70 liters.
- By Maerial Type:
- Plastic
- Aluminum
- Steel
- By Vehicle Type:
- Passenger Cars
- Two-Wheelers
- Commercial Vehicles.
- By Sales Channel:
- OEM
- Aftermarket
5-Way Valve
- Region
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World
The Automotive Fuel Tank Market is experiencing a rise in Lightweight Type 4 CNG tanks
According to the NGV Journal, almost 85 countries use CNG-powered vehicles, with more than 22.4 million cars and 25,000 fueling stations spread across 2,900 cities worldwide. CNG cylinders are designed based on the type of fabric used. These tanks can be classified into four types—Type 1, Type 2, Type 3, and Type 4—and come in various sizes, relying on the vehicle’s specific requirements. Type 4 tanks are lightweight and predominantly used in HDVs. Thus, vehicles equipped with Type 4 tanks offer better fuel efficiency..
The report offers in-depth assessment of the growth and other aspects of the Automotive Fuel Tank market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
Automotive Fuel Tank Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.
Major Key Points of Automotive Fuel Tank Market
- Automotive Fuel Tank Market Overview
- Automotive Fuel Tank Market Competition
- Automotive Fuel Tank Market, Revenue and Price Trend
- Automotive Fuel Tank Market Analysis by Application
- Company Profiles and Key Figures in Automotive Fuel Tank Market
- Market Dynamics
- Methodology and Data Source
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Automotive Fuel Tank market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defence; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
