Automotive Fuel Tank Market is set to witness a Huge Growth with a USD 15.87 billion in 2020 at a CAGR of 5.1%, During the Forecast Period 2029

The global automotive fuel tank market is expected to grow at 5.1% CAGR from 2022 to 2029. It is expected to reach above USD 24.62 billion by 2029 from USD 15.87 billion in 2020.

Exactitude Consultancy research's "Automotive Fuel Tank Market Forecast" study report focuses at sales and the overall global market for Automotive Fuel Tank in 2022. The sales forecast for Automotive Fuel Tank by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Automotive Fuel Tank market, with sales of Automotive Fuel Tank broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Automotive Fuel Tank Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Market leaders

Growth in the market is anticipated to be fueled by rising demand for lightweight automobiles.

To minimize fuel emissions and improve vehicle performance, the automotive industry is attempting to create lightweight automobiles. To reduce the weight of the vehicles, the automotive OEMs are investing a significant amount in research to invent and develop lightweight materials for creating automotive components. Since recently, the traditional metal tanks used in the automotive industry are giving way to plastic tanks. Due to a number of intrinsic advantages that plastic fuel tanks have over metal fuel tanks, they are now the material of choice for car manufacturing businesses. HDPE, or high-density polyethylene, is used to make these tanks. Because plastic tanks are flexible, they can be

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Automotive Fuel Tank market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Automotive Fuel Tank Market are:

The Plastic Omnium Group, Textron - Kautex, Yapp, TI Fluid Systems, Yachiyo, Unipres Corporation, Magna International, and FTS - Fuel Total Systems, SMA Serbatoi S.p.A., SRD Holdings Limited

Recent Developments:

In October 2020, Plastic Omnium (40% stake) and ElringKlinger (60% stake) agreed to use hydrogen-based fuel cell technology to create EKPO Fuel Cell Technologies, a joint venture dedicated to fuel cell stack development, production, and commercialization. It showcased a broad product portfolio to hydrogen systems integrators.

In April 2021, With a new generation of fuel tank systems, to identify areas where Kautex and the customers need to focus on when bringing a software-controlled system to the market, the company has undertaken Rhapsody software vehicle testing.

In May 2021, TI Fluid Systems launched the Integrated Thermal Manifold assembly (ITMa). It provides a one-piece, lightweight, blow-molded plastic manifold to optimize complex line design and replace multiple line bundle assemblies of thermal loops.

Automotive Fuel Tank Market Segmentation:

Automotive Fuel Tank Market by Capacity, 2020-2029, (USD Million), (Thousand Units)

70 L

Automotive Fuel Tank Market by Material, 2020-2029, (USD Million), (Thousand Units)

Aluminum

Plastic

Steel

Automotive Fuel Tank Market by Propulsion, 2020-2029, (USD Million), (Thousand Units)

Hybrid

Hydrogen

Ice

NGV

Automotive Fuel Tank Market by Region, 2020-2029, (USD Million), (Thousand Units)

North America

Europe

Asia Pacific

South America

Middle East And Africa

Important Countries In All Regions Are Covered.

Our market analysts are professionals at carefully categorizing the global Automotive Fuel Tank market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Automotive Fuel Tank market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Automotive Fuel Tank Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Fuel Tank market
Chapter 2: Exclusive Summary - the basic information of the Automotive Fuel Tank Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive Fuel Tank
Chapter 4: Presenting the Automotive Fuel Tank Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Automotive Fuel Tank market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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