Press release
Portable Fuel Containers Market is Poised to Grow at Modest CAGR of 4.5% by 2030
250 Pages Fuel Storage Containers Market Survey by Fact MR, A Leading Business and Competitive Intelligence ProviderThe global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Fuel Storage Containers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fuel Storage Containers Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fuel Storage Containers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fuel Storage Containers
This newly published and insightful report sheds light on Market Insights of Fuel Storage Containers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Fuel Storage Containers Market.
The global fuel storage containers market was valued at US$ 25 Billion in 2021, and is projected to register a Y-o-Y increase of 4% in 2022 to be valued at US$ 26.13 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 4.5% value CAGR, likely to reach US$ 40.57 Billion by the end of the said forecast period.
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Report Attributes Details
Anticipated Base Year Value (2021) US$ 25 Billion
Expected Market Value (2022) US$ 26.13 Billion
Projected Forecast Value (2032) US$ 40.57 Billion
Global Growth Rate (2022-2032) 4.5% CAGR
Market Share of the U.S (2022-2032) 33%
Key fuel storage containers Players
C&E Plastics Inc.
Air Liquide
Rain for Rent International UK
GEI Works
GL
Gaz Liquid Industrie
Cryolor
Elkoplast CZ s.r.o
Goavec Engineering
Manitex Sabre Inc.
Free Form Plastics
Enduraplas
CST Industries
Overall, sales of fuel storage containers for fuel storage containers will continue to flourish, with an impressive CAGR exhibited from 2015-2021. Moreover, with high availability and customization of products according to industrial and commercial requirements, the market for fuel storage container is poised to grow over the forecast period 2022 to 2032
Competitive Landscape
Prominent manufacturers of fuel storage containers are eyeing technological innovations in order to provide the most accurate and precise storage arrangements to their customers.
In January 2021, TI Fluid Systems announced its decision to provide a new generation of plastic fuel tank design capable of meeting the stringent pressure demands within a hybrid electric vehicle (HEV). Recently, this plastic fuel tank launched in volume production with Volkswagen China on the Passat and Magotan plug-in hybrid electric vehicle (PHEV) models, with a planned adoption across a wider range of global platforms.
In March 2022, Toyota Motor Corporation (Toyota) announced that it has developed a hydrogen storage module that integrates multiple resin high-pressure hydrogen tanks at 70 MPa for automobiles?already proven in the "Mirai" fuel cell vehicle (FCEV) ?and safety devices such as a hydrogen detector and an automatic shut-off switch. Toyota will be exhibiting a conceptual model of this module at the FC Expo (International Hydrogen & Fuel Cell Expo) held at Tokyo Big Sight (Koto-ku, Tokyo) from March 16 to 18.
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Key Segments Covered in the Fuel Storage Containers Market Study
Fuel Storage Containers Market by Product Type:
Portable Fuel Containers
5 Gal. Portable Fuel Containers
5 Gal. Safety Portable Fuel Containers
275 Gal. IBC
55 Gal. Fuel Storage Drums
Fuel Storage Containers by Region
North America fuel storage containers Market
Western Europe fuel storage containers Market
Eastern Europe Fuel Storage Containers Market
Asia Pacific excluding Japan Fuel Storage Containers Market
Japan Fuel Storage Containers Market
Latin America Fuel Storage Containers Market
Middle East & Africa Fuel Storage Containers Market
Key Question answered in the survey of Fuel Storage Containers market report:
Sales and Demand of Fuel Storage Containers
Growth of Fuel Storage Containers Market
Market Analysis of Fuel Storage Containers
Market Insights of Fuel Storage Containers
Key Drivers Impacting the Fuel Storage Containers market
Which are the Key drivers impacted by Fuel Storage Containers market
Fuel Storage Containers Market Growth
Market Survey of Fuel Storage Containers
More Valuable Insights on Fuel Storage Containers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Fuel Storage Containers, Sales and Demand of Fuel Storage Containers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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