The “Automotive Fuel Tank Market” report includes a comprehensive analysis of the current market status, major key players, latest challenges, and opportunities in the market. Automotive Fuel Tank market report delivering key insights and providing a competitive benefit to clients through a detailed report. Automotive Fuel Tank industry report provides data about company profile, price, and business strategy. All information presented in the report is collected from primary and secondary research methods. It also includes historic data, present and future Automotive Fuel Tank market trends, environment, and technological innovation of the industry.
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Some of the Top Key Players of Automotive Fuel Tank Market Report Are:
Automotive Fuel Tank Market Report Highlights:
- Market Dynamics – Drivers, Restraints, and Opportunities
- Market Segmentation – Types, Applications, Regions, and Technology
- Market Trends
- Competitive Landscape
- SWOT Analysis and Porter’s Five Forces Analysis
Scope of the Report:
The automotive fuel tank market is segmented by capacity and material type. The automotive fuel tank market study scope is limited to only passenger cars and commercial vehicles; two-wheelers are not part of the scope.
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Key Market Trends:
The 45 – 70 liter Fuel Tank Segment is Expected to Dominate the Automotive Fuel Tank Market
The 45 – 70 liter fuel tank segment of the market studied was valued at USD 10.35 billion in 2018, and it is also expected to witness the fastest CAGR during the forecast period.
Most of the new vehicle models launched by the automobile manufacturers, over the past five years (2013 – 2018), had a minimum tank capacity of 45 liter, to meet the growing demand for vehicles that are well suited for long journeys, along with greater mileage range. Apart from the aforementioned factor, large capacity fuel tanks help in occupying the dead space available within the chassis of the vehicle. Moreover, with the additional weight, they add stability to the car’s dynamics.
Among vehicle types, majorly SUVs have contributed to a significant share of more than 40% in this market segment, in 2018. Globally, the sales of SUVs have been consistently increasing over the past four years (2014 – 2018), and reached nearly 29.77 million unit sales in 2018, with an increase of 6.8% from 2017. China, the United States, and Europe have been the largest markets for SUVs, over the past four years (2014 – 2019). The demand for SUVs is likely to continue to grow, owing to the improving economic situations in both developed, as well as developing countries, like India, Brazil, etc., during the forecast period.
Owing to the growing demand for SUVs, automobile manufacturers have been introducing more of their SUV models across several countries, to capture the growing market demand.
The Asia-Pacific Region Dominates the Automotive Fuel Tank Market and is Expected to Witness the Fastest Growth Rate
The Asia-Pacific region is expected to witness the fastest CAGR of 4.52%, during the forecast period.
In Asia-Pacific, in 2018, China dominated the regional market, and accounted for 64.12% share of the total market, followed by Japan and India. China is one of the major manufacturers of vehicles, globally. In 2017, 24,961,948 units of passenger vehicles were sold in China, compared to 24,376,902 units in 2016. The increased sales of the vehicles in the country are expected to drive the automotive fuel tank market.
However, in 2018, the country witnessed a decline in vehicle sales by 3%, owing to trade tensions and shaky consumer confidence. Additionally, industry experts predict a further decline by 5% in vehicles sales in 2019. In January 2019, the government introduced many measures with an aim to increase sales of cars. The National Development and Reform Commission (NDRC) announced that the restrictions may be loosened for the second-hand automobile market, and appropriate subsidies are likely to be provided to boost rural sales of some vehicles as well as the purchase of new energy vehicles. Additionally, with the growing demand for vehicles, the fuel tank manufacturers are expanding their business by increasing their current production capacity.
In Japan, domestic automobile production has witnessed a steady rise since 2012, owing to weaker Japanese yen and a stronger global market for the automotive industry. The Japanese automobile market grew marginally in 2018, owing to increased sales of mini-vehicles, according to the Japan Automobile Dealers Association and Japan Mini Vehicles Association statistics. In 2018, all vehicle sales grew to reach 5,234,165 units.
The Report Covers:
- Comprehensive research methodology of Automotive Fuel Tank market
- In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global sleep aid market
- Insights about market determinants which are stimulating the global Automotive Fuel Tank market
- Detailed and extensive market segments with regional distribution of forecasted revenues
- Extensive profiles and recent developments of market players Companies Mentioned
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Detailed TOC of Automotive Fuel Tank Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness – Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Capacity
5.1.1 Less than 45 liter
5.1.2 45 – 70 liter
5.1.3 Above 70 liter
5.2 By Material Type
5.3.1 North America
220.127.116.11 Rest of North America
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 South Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
6.3.1 Magna International Inc.
6.3.2 Plastic Omnium Group
6.3.3 Ti Automotive
6.3.4 Unipres Corporation
6.3.5 Kautex Textron GmbH
6.3.6 Yapp Automotive Parts Co. Ltd
6.3.7 Fuel Total Systems (FTS) Co. Ltd
6.3.8 SMA Serbatoi SpA
6.3.9 Yachiyo Industry Co. Ltd
6.3.10 Sakamoto Industry Co. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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