Press release
Automotive Fuel Tank Market: Plastic Automotive Fuel Tank to Remain the Top Selling Variant || Key Players: Compagnie Plastic Ominum SA, Yachiyo Industry Co. Ltd., and YAPP Automotive Parts Co. Ltd.
With exceptionally booming adoption for SUVs, MPVs, and sedans, plastic will remain at the forefront of demand in automotive fuel tank market. At the highest estimated CAGR over 2017-2022, plastic automotive fuel tank sales are expected to equate the revenue within the range of US$ 28-30 Bn towards 2022 end. Aluminum and steel automotive fuel tanks will continue to lose opportunities owing to incompatibility in terms of lightweight, fuel efficient vehicle economy.
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Although low-priced, steel or other metals fail to offer the design freedom and flexibility that often accompanies plastics. Plastic based automotive fuel tank is almost 30% lightweight than metal based automotive fuel tank, contributing significantly to the lightweight vehicular trend in the automotive space. Moreover, plastic automotive fuel tank covers better impact protection and conveniently integrates within the automotive system architecture. A myriad attributes are expected to allow plastic to maintain the lead over steel and aluminum to be used in manufacturing of automotive fuel tanks.
Market Segmentation by Material Type
This part of the report elaborates on the assessment of automotive fuel tank market on the basis of material type – plastic, steel, and aluminum. Insights on the revenue and market share, and yearly growth are provided.
Market Segmentation by Capacity
This chapter offers automotive fuel tank market analysis by capacity – less than 45 L, 45-75 L, and above 75 L. The report offers information about market share, revenue share, and Y-o-Y growth of these sub-segments.
Market Segmentation by Sales Channel
Revenue, market share, and yearly growth insights have been included in this section of the report that offers analysis of the automotive fuel tank market by sales channel – OEM and aftermarket.
Market Segmentation by Vehicle Type
Passenger car (PC), LCV, and HCV are the key sub-segments of automotive fuel tank market on the basis of vehicle type, for which the market sizing and forecast insights are provided in the report.
Market Segmentation by Geographical Region
This chapter of the automotive fuel tank market report covers regional analysis of the market and covers six chief regional market, viz. North America, Europe, Latin America, Japan, Asia Pacific excluding Japan, and Middle East and Africa.
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Emerging Markets – A Lucrative Opportunity for Automotive Fuel Tank Manufacturers
Significant rise in sales and manufacturing of vehicles continue to remain instrumental in driving sales of automotive fuel tank. BRIC (Brazil, Russia, India and China) countries are witnessing a substantial growth in their automotive sector on the back of growing demand from customers for passenger cars. Moreover, rising trading activities coupled with growing industrialization have spurred the demand for commercial vehicles, in turn providing potential avenues of growth for automotive fuel tank manufacturers. Moreover, stakeholders are targeting China, one of the world’s biggest automotive market owing to its enormous fiscal stimulus.
The report includes complete assessment on key players involved in the manufacturing of automotive fuel tank. The section on competitive landscape can offer vital insights to the reader revealing SWOT analysis, product portfolios, product innovations and developments, key strategies and key financials of major companies. Few of the companies profiled in the report include Magna International Inc., Compagnie Plastic Ominum SA, Yachiyo Industry Co. Ltd., and YAPP Automotive Parts Co. Ltd.
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