Press release
Automotive Fuel Tank Market Is Expected To Reach Nearly US$ 53.8 Bn By 2032
The automotive fuel tank market has garnered a market value of US$ 30 Billion in 2022, anticipated to register a positive CAGR of 6% in the forecast period 2022-2032 and reach a value of US$ 53.8 Billion.Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Automotive Fuel Tank market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Automotive Fuel Tank market.
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Key findings of the Automotive Fuel Tank market study:
• Regional breakdown of the Automotive Fuel Tank market based on predefined taxonomy.
• Innovative manufacturing processes implemented by Automotive Fuel Tank vendors in detail.
• Region-wise and country-wise fragmentation of the Automotive Fuel Tank market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Automotive Fuel Tank market.
Key Companies Profiled
• Compagnie Plastic Omnium SA
• Magna International Inc.
• Yachiyo Industry Co. Ltd.
• Kautex Textron GmbH & Co. KG
• TI Fluid Systems
• YAPP Automotive Systems Co. Ltd.
• Martinrea International Inc.
• Industries Spectra Premium Inc.
Competitive Landscape
Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable manufacturers to offer products that are low in emissions.
• In September 2021, Agility Auto Parts Inc. (Agility) has announced its acquisition of the assets of Automotive Parts Distribution International LLC (ADPI). As a result of this acquisition, Agility will be able to expand its customer base, diversify its product range, and become the major automotive parts supplier.
• In July 2021, Magna International Inc. announced its agreement on the acquisition of Veoneer. This acquisition would help Magna International Inc. not only to gain the leading position in the market but also would help to expand the business to other regions and countries.
Key Segments Covered in the Industry Report
• By Material Type
o Plastic
o Steel
o Aluminium
• By Capacity
o Less than 45 Liter
o 45 - 75 Liter
o Above 75 Liter
• By Sales Channel
o Sales via OEMs
o Sales via Aftermarket
• By Vehicle Type
o PC
o LCV
o HCV
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Queries addressed in the Automotive Fuel Tank market report:
• Why are the Automotive Fuel Tank market players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global Automotive Fuel Tank market?
• Which regions are displaying the fastest growth in the Automotive Fuel Tank market?
• What are the underlying micro- macroeconomic factors affecting the global Automotive Fuel Tank market?
Why choose Fact.MR?
Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients' requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.
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About Fact.MR
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