By accurately understanding and keeping into thought customer requirement, one step or combination of many steps has been employed to turn out this most excellent "Fuel Tank Market" research report. Emerging product trends, major drivers, challenges and opportunities in the market are evaluated accurately while generating this market report. This report encompasses an infinite knowledge and information on what the market’s definition, classifications, applications, and engagements are and also explains the drivers and restraints of the market which is obtained from SWOT analysis. The worldwide "Fuel Tank Market" report includes all the company profiles of the major market players and brands.
 
"Fuel Tank Market" report studies company profiles with respect to company snapshot, geographical presence, product portfolio, and recent developments. While generating this market research report, customer satisfaction is kept on the utmost priority. Comprehensive data and brilliant forecasting techniques used in this report coincide with precision and correctness. By maintaining quality and transparency strictly, research studies are carried out which offers an outstanding market research report for certain niche. All this data and statistics covered in the large scaleing "Fuel Tank Market" report lead to actionable ideas, improved decision-making and better mapping business strategies.
 
Fuel Tank Market was valued at USD 16.80 billion in 2021 and is expected to reach USD 25.20 billion by 2029, registering a CAGR of 5.20% during the forecast period of 2022-2029. Passenger Cars account for the largest vehicle type segment in the respective market owing to the growing population and rising disposable income. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
 
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Market Definition:
 
Automotive manufacturers prefer automotive plastics in their tank owing to stringent regulations regarding carbon emissions and price-sensitiveness of some of the end users. Carbon emission in passenger cars can be reduced by using greenhouse gas (GHG) reduction technologies. This factor will drive the demand for fuel tank.
 
Recent Developments
 
  • In November 2019, Plastic Omnium involved the supply of equipment for buses and it was said to be the largest project in Europe for this type of vehicle. This contract has helped the company to gain more revenue.
 
Fuel Tank Market Scope
 
The fuel tank market is segmented on the basis of tank capacity, material type, weight, fuel type, propulsion type, sales channel and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
 
Tank Capacity
 
  • Less Than 45 L
  • 45L -70L
  • More Than 70L
 
Material Type
 
  • Plastic
  • Aluminum
  • Steel
  • Others
 
Weight
 
  • Less Than 7KG
  • 7KG to 10 KG
  • More Than 70KG
 
Fuel Type
 
  • LPG/CNG
  • Diesel
  • Gasoline
 
Propulsion Type
 
  • Natural Gas
  • Hydrogen
  • Internal Combustion Engine (ICE)
  • Hybrid
 
Sales Channel
 
  • OEM
  • Aftermarket
 
Vehicle Type
 
  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Hybrid Vehicle
 
Some of the major players operating in the fuel tank market are:
 
  • TI Fluid Systems (UK)
  • Yachiyo Industry Co., Ltd. (Japan)
  • Magna International Inc. (Canada)
  • Plastic Omnium (France)
  • Unipres Corporation (US)
  • Kautex (Germany)
  • ContiTech AG (Germany)
  • SMA Serbatoi SpA (Italy)
  • FTS CO.,LTD. (Japan)
  • Crefact Corporation (US)
  • Boyd Welding LLC (US)
  • Elkamet Kunststofftechnik GmbH (Germany)
  • Salzburger Aluminium Group (Austria)
  • Central Precision Limited (UK)
  • Arrow Radiators (Melksham) Ltd (UK)
  • KAYSER AUTOMOTIVE SYSTEMS GmbH (Germany)
  • PIOLAX, Inc (Japan)
 
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Fuel Tank Market Regional Analysis/Insights
 
The global fuel tank market is analyzed and market size insights and trends are provided by country, tank capacity, material type, weight, fuel type, propulsion type, sales channel and vehicle type.
 
The countries covered in the fuel tank market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
 
Asia-Pacific (APAC) dominates the fuel tank market because of the increased manufacturing the passenger vehicles within the region.
 
Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing concern of automakers towards less weight fuel tank that result in reducing in overall weight of the vehicle.
 
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   
 
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Data Bridge Market Research:
 
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