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
Automobile industry is poised to witness enormous paradigm shift with massive transformations in design and technology. With growing vehicle ownership coupled with user inclination towards fuel efficient vehicles mandated by stringent government regulatory framework, automotive industry is expected to witness stupendous growth with massive alterations. Available in diverse varieties such as multi-chambered tank besides small-sized plastic tank, automotive fuel tanks remain indispensable for seamless operations. The demand is further expected to soar with fast adoption of commercial and passenger vehicles round the globe, more so, across emerging economies.
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Automotive manufacturers are inclined towards diversifying their product portfolio with novel transformations such as light weight built and optimum fuel efficiency. Plastic therefore has emerged as the most sought after fuel tank choice amongst leading automotive vendors. Demands for plastic based automotive fuel tank is further anticipated to remain robust with fast growing luxury cars market besides favorable outlook for electric vehicles. Besides plastic, aluminum has also emerged as a preferred material for automotive fuel tank, owing to its robust light weight built and design flexibility.
International vendors in automotive fuel tank space are investing enormously towards delivering highly differentiated products in their attempt to sustain visible lead amidst burgeoning competition. Emergence of self-sealing automotive fuel tank is a novelty which is designed to administer self-closing technology at the sight of mishaps and accidents, and damage. Such safety mechanism remain highly desired amongst customers. Additionally, growth in trade and industrialization has paved way for various international trade activities, thereby necessitating adoption of fact paced distribution network. Need for commercial vehicles therefore is expected remain soaring in the coming years which is expected to translate favorably towards demand upsurge in automotive fuel tanks.
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Automotive Fuel Tank Market: Overview
The automotive fuel tank market has been analyzed in detail to offer definitive forecast insights on the market for the period 2017-22. This report is an exhaustive compilation of a detailed overview of automotive fuel tank market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.
The report aims to offer readers with ample competitive advantage and cues on market entry barriers, based on which aspiring market entrants as well as established players can drive profitable investment discretion. To aid readers’ understanding the report is systematically classified into detailed chapters. In its trailing sections the report also includes a detailed chapter on segmental analysis of automotive fuel tank market to offer veritable insights on segments’ historical and future growth estimations.
No Fuel, No Tank – Electric Vehicles Confining Automotive Fuel Tank Sales
Increasing government regulations on carbon dioxide emissions from vehicles in a bid to reduce environmental damage has resulted in rising manufacturing and growing adoption of electric vehicles. According to the report by International Energy Agency (IEA), more than one million electric vehicles were sold in 2017 that represents a 56 percent increase from 2016. Under the IEA New Policies Scenario, the number of electronic vehicles are estimated to touch 125 million by end of 2030. The increase in number of electric vehicles is expected to limit the sales of automotive fuel tank, in turn restricting the growth of the automotive fuel tank market in the years to follow.
Self-Sealing Automotive Fuel Tank – An Upcoming Trend
Key stakeholders in the automotive fuel tank market are focusing on developing novel products in a bid to achieve sustenance in the competitive marketplace. Manufacturers are actively engaged in manufacturing of self-sealing automotive fuel tank that can self seal during damage, avoiding leakage of flammable liquids. Self-sealing automotive fuel tank contain multiple membranes that absorb fuel. These layers swell and expand after coming in contact with fuel in turn causing the broken layer to swell consequently sealing the puncture. This promising safety feature of self-sealing automotive fuel tank is likely to witness high customer demand in the years to follow.
Detailed overview of automotive fuel tank market spectrum presented in the report banks upon a robust research methodology comprising primary and secondary researches that divulge relevant and timely market intelligence figures.
Automotive Fuel Tank Market: Competition Landscape
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.
The report allows readers to maneuver competitive and tactical business strategies based on aforementioned insights and ensure sustained revenue pools in automotive fuel tank market.
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