Automotive Fuel Tank Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Automotive Fuel Tank market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Automotive Fuel Tank Market report is anticipated to register a CAGR of 7.8% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Automotive Fuel Tank Market are –
- Magna International Inc
- Plastic Omnium Group
- Ti Automotive
- Unipres Corporation
- Plas Fuel Sys
- Kautex Textron Gmbh
- Yapp Automotive Parts Co Ltd
- Central Precision Limited
- Martinrea International Inc.
- Yachiyo Industry Co.
The automotive fuel tank market is expected to grow at a CAGR of 7.8% during forecast period, to a market size of USD 16.55 billion by the year 2023. The 2016 Grand Cherokee features a 93-liter fuel tank that has a potential range of over 1200 km. Most consumers, in addition to higher fuel-efficiency figures, are now demanding bigger fuel tanks in order to increase the range. The maximum rate of growth will be seen in the 45l-70l capacity tanks, on account of upsizing of the fuel tank capacities in 4-wheelers. The up to 45 l capacity fuel tanks cover the 2-wheeler market and the budget hatchbacks, especially in the emerging markets. In the developing nations, small hatchbacks feature small engines and fuel tanks with a capacity below 45 liters.
Volatile Raw Material Prices Hampering the Market Growth
Usage of metals as raw materials always involves the risk of its price instability in the metal commodity market. Fluctuations in the global economy, along with influx in exchange rates, make the cost of raw materials volatile. The economy rebounds and fall decides the cost for raw materials fluctuation in the global market. Market speculation usually makes the magnesium price more volatile, which in turn affects the fuel tank industry. For instance, speculators drove the prices up in 2006 through 2008.
Overall, the raw materials price fluctuations pose a serious threat to the growth of automotive fuel tank market, as it puts pressure on the supply side resulting in increased production cost. Shortage of raw material supply and increasing demand from automobile industry would adversely affect the market sentiments.
Asia-Pacific is dominating the market growth
The Asia-Pacific region, despite sluggish growth in the Chinese market, (the largest automobile market in the world), is expected to lead the growth in the automotive fuel tank market. Europe is forecasted to be one of the fastest growing markets in the above 70-liter fuel tank capacity, as all the heavy commercial vehicles feature fuel tanks above 70 liters and their sales are expected to grow significantly over the forecast period.
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Scope of the Report:
The report analyses Automotive Fuel Tank market, which includes –
- Analysis of the growth of Automotive Fuel Tank market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Automotive Fuel Tank market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Automotive Fuel Tank market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Automotive Fuel Tank market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Automotive Fuel Tank Market Report:
- Varying dynamics of the Automotive Fuel Tank industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Automotive Fuel Tank market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Automotive Fuel Tank market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Automotive Fuel Tank Market Report:
- The report analyses how stringent emission control norms will drive the global Automotive Fuel Tank market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Automotive Fuel Tank market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Automotive Fuel Tank:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Automotive Fuel Tank Market Report @ https://www.360marketupdates.com/TOC/12883334#TOC
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