Due to the increase in vehicle production, there has been a growing demand of automotive fuel tank market.  Automotive fuel tank is a part of an engine system where the fuel is stored in a given quantity, and released in the form of pressurized gas into the engine of a car. Automotive fuel tanks avoid fuel leakage and evaporate emissions in a limited manner that varies in design, size, and capacity, depending on the types of vehicles. Fuel tank varies from size (such as small plastic tank) to complexity (multi-chamber tank). Fuel tanks are made up of materials such as plastic, and steel, where plastic fuel tanks are constructed by means of blow molding, and aluminum or steel fuel tanks are made by stamped sheets. Fuel tank is put to various uses such as fuel storage, fuel level detection, secured filling, and venting. 

Rise in demand of vehicle production increases the demand for automotive fuel tanks. Plastic fuel tanks are mainly light in weight and used in passenger cars. Thus, rise in demand of passenger cars simultaneously increases the demand for plastic fuel tanks. Increase in the production of environmental friendly fuel tanks also act as a driver generating demand in this market. Heavy weight, packaging, high cost, safety, and permeability are considered as restraining factors to the growth of the automotive steel fuel tank market.

The expansion of vehicle production, increase in living standard, and disposable income, particularly in BRICS region, further propelled the future growth in this automotive fuel tank market.

Plastic tank, and metal fuel tank are the two types of automotive fuel tanks. Plastic fuel tanks are used in sports-utility vehicles (SUV), multi-purpose vehicle (MPV), and sedans whereas metal fuel tank are used in cross-passenger vehicles, and commercial vehicles. On the basis of technology, fuel tank are mainly three types such as multilayer technology, barrier technology and others. On the basis of materials, fuel tanks are three types such as high density polyethylene (HDPE), steel, and aluminum. High density polyethylene (HDPE) tank is one type of fuel tank that resists high corrosion, fire, and assure greater fuel capacities. On the basis of capacity, automotive fuel tank market is segmented into less than 45L, 45L-75L, and greater than 75L. In the global market of passenger cars, demand for automotive fuel tank of 45L-75L increases due to rise in demand for multi-utility vehicles and sports-utility vehicles.

Automotive fuel tanks are used in passenger cars, light commercial vehicles and heavy commercial vehicles.

On the basis of geography, the global automotive fuel tank market is subdivided into Europe, North-America, Asia-Pacific, and Rest of the world. Europe and North America have announced inflexible evaporative emission standards which increases the demand for plastic fuel tanks in those regions. Asia- Pacific region holds the largest market share in the automotive fuel market and the leading contributor is China (the major consumer and producer of automobiles in global market) and others contributors belong from Japan, South-Korea, and India. India appears to be an emerging country for automotive fuel tank market whereas Japan and South-Korea ensure well-established markets in this sector.

Major key vendors of the market are Continental, Kautex, Lyondell Basell, Magna, TI Automotive Inc, and Yachiyo, and other vendors such as Aethra, Allgaier Automotive, Boyd Welding, Dali and Samir Engineering, Donghee, FTS, Fuel Systems, Kautex Textron, Magna Fuel Systems, Manchester Tank, Martinrea International, Munjal Auto Industries, Plastic Omnium, Rasandik, Robertson Fuel Systems, Spectra Premium, Tanks, Unipres, VITEC, Walbro, YAPP Automotive Parts, Baosteel group corporation, Toyota motors, Hyundai motors, BMW(Germany), Posco co. Ltd, Japan automotive manufacturers association (JAMA), European automobile manufacturers association (ACEA),Society of  Indian automotive manufacturers (SIAM) and others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Automotive Fuel Tank Market

Pre Book