Press release
AUTOMOTIVE FUEL TANK MARKET - GROWTH, TRENDS, AND FORECAST (2017 - 2025) Leading Key Vendors: Kautex Textron GmbH & Co KG,Plastic Omnium SA,WESTPORT FUEL SYSTEMS ,MAGNA INTERNATIONAL ,TI Automotive,YAPP Automotive Parts,Benteler International AG,Kongsberg
The automotive industry is one of the clearest signs of a country’s economic development and emerging markets have created favorable conditions to enable automakers to commit big bucks to the country. Once a particular manufacturer has entered the market, it brings a number of ancillary industries along with it, a key one being automotive fuel tanks. Persistence Market Research in the report titled ‘Automotive Fuel Tanks Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’ has scrutinized the automotive fuel tanks market for an eight-year period from 2017 to 2025.
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Substantial R&D investments in the automotive fuel tanks market
Key stakeholders in the automotive fuel tanks market are investing massive amounts in R&D that should spur the development of innovative technologies. This is anticipated to give rise to demand for advanced plastic and metal fuels among consumers, which will boost the growth of the automotive fuel tanks market during the course of the forecast period. R&D has enabled manufacturers to develop automotive fuel tanks that can withstand harsh climatic conditions and maintain their durability without undergoing much variation. Advanced automotive fuel tanks have features such as self-sealing, corrosion resistance, recyclability, and several layers that increase their appeal among consumers in the automotive fuel tanks market.
Plastic fuel tanks to gain popularity in the automotive fuel tanks market
Manufacturers across the world are replacing metal fuel tanks with plastic fuel tanks to meet the rising demand and satisfy discerning customer requirements. Plastic fuel tanks have several inherent advantages over metal fuel tanks and this is enhancing their popularity in the automotive fuel tanks market. Some of the benefits of plastic tanks over metal include their lightweight build, design flexibility, corrosion resistance, and durability; making them highly sought after in the automotive fuel tanks market.
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Growth of the plastic fuel tanks segment in the global automotive fuel tanks market
Consumption of plastic fuel tanks was pegged at 79,054.6 units in 2017 and is expected to reach nearly 128,350.0 units by 2025 end. Sales of plastic fuel tanks is estimated to be valued at US$ 19,503.1 Mn in 2017 and is slated to reach US$ 34,084.8 Mn by 2025. This reflects a CAGR of 7.2% in terms of value over the forecast period. Consumption of metal fuel tanks was pegged at 15,425.5 units in 2016 and is expected to reach nearly 22,414.9 units by 2025 end. Sales of metal fuel tanks is estimated to be valued at US$ 2,992.3 Mn in 2017 and is slated to reach US$ 4,552.4 Mn by 2025. This reflects a CAGR of 5.4% during the forecast period.
Rapid industrialization in emerging markets has led to the emergence of a thriving automotive industry in countries such as China, India, and Brazil, in addition to well-established industries in Europe and North America. This should drive the growth of ancillary components such as automotive fuel tanks, which Persistence Market Research has analyzed in depth in its upcoming report ‘Automotive Fuel Tanks Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’. With a robust CAGR of 7.0% in terms of value for the period 2017-2025, the global automotive fuel tanks market is on track to be worth over US$ 40 Bn by end 2025, making it a market too lucrative to ignore.
Conventional Fuel to hold a lion’s share of the automotive fuel tanks market
With a value share of about 94%, conventional fuels will remain dominant in the automotive fuel tanks market and unless radical new technologies are developed, it is quite unlikely that alternate fuels should come anywhere close. A market value of about US$ 38 Bn likely to be recorded by 2025 with a CAGR of 7.0% makes conventional fuels extremely important in the medium to long term.
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Table of Contents
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4. Global Automotive Fuel Tanks Market Analysis 2012–2016 and Forecast 2017–2025
4.1. Introduction
4.1.1. Market Volume Projections
4.1.2. Market Size and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Global Supply Demand Scenario
4.3. Product – Cost Structure Analysis
4.4. Automotive Fuel Tanks Market Value Chain Analysis
5. Forecast Factors: Relevance and Impact
6. Global Automotive Fuel Tanks Market Analysis 2012–2016 and Forecast 2017–2025, By Fuel and Material Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume Analysis By Fuel and Material Type, 2012 - 2016
6.3. Current Market Size (US$ Mn) and Volume Forecast By Fuel and Material Type, 2017 - 2025
6.3.1. Conventional Fuel (Gasoline, Diesel)
6.3.1.1. Metal Tank
6.3.1.2. Plastic Tank
6.3.2. Alternate Fuel (CNG, LPG)
6.3.2.1. Metal Fuel Tank (Type 1)
6.3.2.2. Metal and Composite Lining (Type 2)
6.3.2.3. Metal and Aluminum Lining (Type 3)
6.3.2.4. Rubber and Plastic Lining (Type 4)
6.4. Market Attractiveness Analysis By Fuel and Material Type
7. Global Automotive Fuel Tanks Market Analysis 2012–2016 and Forecast 2017–2025 By Capacity
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Capacity, 2012 - 2016
7.3. Current Market Size (US$ Mn) and Volume Forecast By Capacity, 2017 - 2025
7.3.1. Less than 30 Liters
7.3.2. 30-75 Liters
7.3.3. 76 Liters and Above
7.4. Market Attractiveness Analysis By Capacity
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About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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