Automobile Fuel Tanks Market 2018 worth 17.38 Billion USD by 2025

Global Automobile Fuel Tanks Market Insights, Forecast to 2025
The global automotive fuel tank market is projected to grow at a CAGR of 5.58%, to reach a market size of USD 17.38 Billion by 2021. Market growth is primarily driven by the increasing vehicle production across the globe and the rising demand for lightweight automotive solutions. Additionally, developed regions such as Europe and North America have introduced stringent evaporative emission norms, which have accelerated the demand for plastic fuel tanks in these regions. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.
The primary objective of the study is to define and segment the global market on the basis of material, capacity, and region. This report also studies the global selective catalytic reduction (SCR) and compressed natural gas (CNG) tank markets on the basis of region (Asia-Oceania, Europe, North America, and the Rest of the World). Additionally, it includes detailed information and qualitative insights into factors influencing the growth of this market and opportunities offered by various segments to stakeholders.
The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the trends prevailing in the automotive fuel tank market. Country-level model mapping has been conducted for vehicles manufactured in the particular country.
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Top Leading Companies for Automobile Fuel Tanks Market
Inergy
Kautex
TI Automotive
Yachiyo
Hwashin
YAPP
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Automobile Fuel Tanks Market, by Types:
Iron Fuel Tanks, Aluminum Alloy Fuel Tanks
Automobile Fuel Tanks Market, by Applications:
Commercial Vehicles, Passenger Vehicles
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The global market ecosystem consists of raw material manufacturers such as ArcelorMittal (Luxembourg), Hebei Iron and Steel Group (China), Baosteel Group Corporation (China), Posco Co. Ltd. (South Korea), and Tata Steel Ltd. (India). It also includes automotive fuel tank manufacturers such as The Plastic Omnium Group (France), Kautex Textron GmbH & Co. KG (Germany), YAPP Automotive Parts Co. Ltd. (China), and TI Automotive Inc. (U.K.), vehicle manufacturers such as General Motors (U.S.), BMW (Germany), Toyota Motors (Japan), and Hyundai Motors (South Korea), and regional automotive associations such as the Society of Indian Automotive Manufacturers (SIAM), Japan Automotive Manufacturers Association (JAMA), and European Automobile Manufacturers Association (ACEA).
Research Methodology for Global Automobile Fuel Tanks
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.

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