Automotive Fuel Tank Market Overview:

Market Research Future Published a Research Report on Global Automotive Fuel Tank Market. The fuel tank is used for the storage of flammable fuel in the vehicle. The fuel tank is mainly installed at the engine side where it is propelled and released in the engine for injection. The automotive manufacturers develop fuel tanks in different capacity depending on the type of vehicle. The capacity ranges in 70L. The fuel tank can be sized as small plastic tanks or multi-chamber fuel tanks. There are various uses of the fuel tank, which include filling, storage of fuel, venting, feeding in the engine, and others.

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The factors that are responsible for the growth of automotive fuel tank market are growth in the automotive industry, innovation in fuel tank technology, an increase in sales of passenger and commercial vehicles in emerging economies, increase safety, and others. The increase in sales of passenger and commercial vehicles will result in growing demand for fuel tanks in vehicles. The Passenger car segment is expected to dominate the market as compared to the commercial vehicle, due to which there will be an increase in demand for fuel tank capacity ranging from 45L to 70L. The manufacturers of fuel tanks make use of materials that are sustainable and provide durability, and will result in increased safety of the passenger. The increased safety of fuel tank will result in the growth of the market in future.

The automotive fuel tank market is segmented based on material, capacity, and vehicle type. By material, the market is segmented based on plastic, steel & aluminum. Aluminum is expected to dominate the market during the forecast period due to the lightweight property of the material. The use of aluminum will reduce the overall weight of the vehicle which will increase the fuel efficiency. In emerging economies, people tend to prefer vehicles that provide increase fuel efficiency. The use of aluminum in fuel tank will result in increased efficiency and drive the growth of the market in future. By capacity, the market is segmented into 70L. 45L-70L capacity is expected to dominate the market in future due to the increase installation of 45L-70L capacity fuel tank in the passenger cars.

The larger capacity fuel tanks occupy more space as compared to the small one, due to which the overall weight of the vehicle is increased. To reduce the weight of the vehicle, manufacturers design the fuel tanks based on the trade-off consideration of vehicle. There are various materials used in the manufacture of fuel tanks are plastic, steel, and aluminum. Steel is more durable but increases the overall weight of the vehicle which will increase the fuel consumption. Automotive tend to use aluminum because it reduces the overall weight of the vehicle and reduces fuel consumption. The automotive industry is moving towards electrification. There will be an increase in the sales of electric vehicles in future, due to which the use of fuel tank will be decline. This will restrain the market in future.

By region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of new vehicles in countries such as India, China, and Japan.  The increase in production of vehicle will result in growing installation of fuel tanks in the vehicle. The total sales of the vehicle including passenger and commercial vehicles was about 90 million units in 2015 and is expected to reach more than 100 million by the year 2023. According to OICA, the new vehicle sales have been increased from 2013 to 2016. This increase in the sales will result in the growth of the market in future. North America is expected to be the second largest market due to increase investment for safety features in the vehicles. The increased safety feature will result in many manufacturers to develop fuel tank that are high durable. This increased safety will result in the growth of market in North America. In North America, U.S. is expected to be the dominating country that is expected to grow during the forecast period. Europe is expected to be the third largest market that is expected to grow during the forecast period. Germany is expected to dominate the market in Europe due to increase in sale of commercial vehicles.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continued…

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