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Automobile Fuel Tanks Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Inergy, Kautex, TI Automotive, Yachiyo, Hwashin, YAPP

16 Feb, 2022 | 134 Pages
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The automotive fuel tank market was valued at USD 20.5 billion in 2022. It is projected to reach USD 27.4 billion by 2027. The market is poised to register a CAGR of 4.2% during the forecast period.



Automobile Fuel Tanks Market Overview



For some time, fuel tank producers have come under increasing pressure from regulation, particularly in the US, to design and build tanks that can withstand higher and higher impacts without leaking. The foremost features driving fuel tank innovation are regulation, weight, packaging, safety and cost. In addition to continued demand for fuel tank range and fuel economy, we are seeing more complex shapes and geometries, particularly driven by the all/rear-wheel drive increase in smaller car sectors. This creates a unique packaging atmosphere that influences the design selection and condition for those plans. Automotive fuel tank is a part of an engine system in which fuel is stored and released into the engine in required quantity conditional upon the throttle retort. Apart from storing fuel, fuel tank supports in fuel level detection, venting, and secured filling. Industrial enhancements have led to the advent of advanced fuel tanks that offer benefits such as corrosion resistance, self-sealing, and recyclability. Growing sales of passenger and marketable vehicle are also propelling the growth of the automotive fuel tank market.



The automotive fuel tank is a part of an engine system of an automotive which is used for storing the fuel or releasing the automotive fuel in the engine. The automotive fuel tank comes in a wide range of sizes and density and is used for secured filling, detecting fuel level, and to avoid the fuel outflows. The tank size and fuel efficiency are analyzed by the extreme distance covered by the automotive in a filled tank. The fuel tank of automobiles is commonly made up of plastic and metal, which can be steel or aluminum.The automotive industry is working towards emerging lightweight vehicles to reduce fuel emission and enhance the performance of the vehicles. The automotive OEMs are spending a high percentage on research to innovate and develop lightweight materials for producing automotive components to decrease the weight of the vehicles. The automotive sector is shifting from the traditional metal tanks to plastic tanks since the recent past. Plastic tanks have become the preferred choice of automotive manufacturing companies owing to its various inherent advantages over metal fuel tanks and are gaining high popularity in the market.



Who are the Major Players in Automobile Fuel Tanks Market?



The Global Automobile Fuel Tanks Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Inergy, Kautex, TI Automotive, Yachiyo, Hwashin, YAPP, Martinrea, Suguang, Luzhou North Chemical, Chengdu Lingchuan, Shunrong, Futaba, FTS, Wanxiang Tongda, Plastic Omnium, TI Fluid Systems.



Industry News and Update



April 2021, with a new generation of fuel tank systems, to identify areas where Kautex and the customers need to focus on when bringing a software-controlled system to the market, the company has undertaken Rhapsody software vehicle testing. Refueling tests were done with this software-controlled system both, in the lab and at fuel stations in the Bonn area.



June 2021, TI Fluid Systems, the supplier of automotive fluid systems technology, launched new fluid handling products for fuel systems on the 2021 Hyundai Santa FE SUV hybrid electric vehicle (HEV). This Hyundai HEV application demonstrates the company’s ability to optimize systems with lightweight solutions for improved EV mode efficiency.



October 2020, Plastic Omnium (40% stake) and ElringKlinger (60% stake) agreed to use hydrogen-based fuel cell technology to create EKPO Fuel Cell Technologies, a joint venture dedicated to fuel cell stack development, production, and commercialization. It showcased a broad product portfolio to hydrogen systems integrators. 



What are the major Applications, Types and Regions for Automobile Fuel Tanks Market?



The market is segmented based on the type, applications, companies and regions.



By Types, it is segmented into




  • Metals

  • Plastics

  • Composites



By Application, it is segmented into




  • Structural components

  • Interior components

  • exterior components

  • Powertrain components

  • Other



Automobile Fuel Tanks Market Regional Analysis



Today, we evaluate that about 90.1% of newly computed vehicles in Western Europe are equipped with plastic tanks while 85.2% of cars built for North American roads have plastic tanks, a material chosen for its proven resistance to corrosion, lightweight and ease of molding into unusual shapes. They are increasingly being manufactured with their major components sealed inside the tank. In Asia-Pacific, China dominated the global market and the country’s vehicle invention is growing at an inspiring rate which is further forecast to grow at a rapid rate in the coming years as well. In terms of regional analysis, the market can be segmented into Asia-Pacific, North America, Europe, South America, and Africa. Asia-Pacific is anticipated to grow at the highest rate during the forecast period due to favorable government initiatives and support, combined with increased production of vehicles in various countries of the region. In Asia-Pacific, China dominated the global market and the country’s vehicle production is growing at an impressive rate which is further forecast to grow at a rapid rate in the coming years as glowing.



Owing to the increasing sales of mini and standard segment cars, India is expected to play a crucial role in the overall market during the forecast period. In 2020, India sold about 2.77 million vehicles. In Japan, domestic automobile production witnessed a steady rise over the past decade, owing to the weaker Japanese Yen and a stronger global market for the automotive industry. In 2020, all vehicle sales grew to reach 4,598,615 units.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Automobile Fuel Tanks Market Report Scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 4.2% during the review period (2022 to 2027).



By Type




  • Metals

  • Plastics

  • Composites



  



By Application




  • Structural components

  • Interior components

  • exterior components

  • Powertrain components

  • Other



 



  



By Companies



Inergy, Kautex, TI Automotive, Yachiyo, Hwashin, YAPP, Martinrea, Suguang, Luzhou North Chemical, Chengdu Lingchuan, Shunrong, Futaba, FTS, Wanxiang Tongda, Plastic Omnium, TI Fluid Systems.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



134



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Automobile Fuel Tanks Market Report




  • Evaluate Automobile Fuel Tanks Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Automobile Fuel Tanks Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?



The Automobile Fuel Tanks Market is studied from 2017 - 2027.



What is the growth rate of Automobile Fuel Tanks Market?



The Automobile Fuel Tanks Market is growing at a CAGR of 4.2% over the next 5 years.



Who are the leading key players in Automobile Fuel Tanks Market?



Inergy, Kautex, TI Automotive, Yachiyo, Hwashin, YAPP, Martinrea, Suguang, Luzhou North Chemical, Chengdu Lingchuan, Shunrong, Futaba, FTS, Wanxiang Tongda, Plastic Omnium, TI Fluid Systems.



What regions regions does this Automobile Fuel Tanks Market report covers?



North America (the 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, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Automobile Fuel Tanks Market?



Metals, Plastics, Composites



What are the significant Applications of Automobile Fuel Tanks Market?



Structural components, Interior components, exterior components, Powertrain components, Other



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. AUTOMOBILE FUEL TANKS BY APPLICATION

    3. AUTOMOBILE FUEL TANKS BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR AUTOMOBILE FUEL TANK



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. AUTOMOBILE FUEL TANK GROWTH

      2. APPLICATION OF AUTOMOBILE FUEL TANK



    4. IMPACT OF COVID 19



  5. AUTOMOBILE FUEL TANKS MARKET, BY APPLICATION

    1. INTRODUCTION

    2. STRUCTURAL COMPONENTS

    3. INTERIOR COMPONENTS

    4. EXTERIOR COMPONENTS

    5. POWERTRAIN COMPONENTS

    6. OTHER



  6. AUTOMOBILE FUEL TANKS MARKET, BY TYPES

    1. INTRODUCTION

    2. METALS

    3. PLASTICS

    4. COMPOSITES

    5. OTHERS



  7. AUTOMOBILE FUEL TANKS MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Inergy, Kautex

      2. TI Automotive

      3. Yachiyo

      4. Hwashin

      5. YAPP

      6. Martinrea

      7. Suguang

      8. Luzhou North Chemical

      9. Chengdu Lingchuan

      10. Shunron

      11. Futaba

      12. FTS

      13. Wanxiang Tongda

      14. Plastic Omnium

      15. TI Fluid Systems   





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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