Europe Fuel Tank Market is Expected to Grow at 4.1% in the Forecast Period of 2020 to 2027

The Fuel Tank Industry will relinquish an approximated estimate at a frequency of 4.1% for the projection space of 2020 to 2027 with factor such as rising adoption for the production and improvement of application. The alternative material technology helps the manufacturers to reduce the weight of fuel tank which will help to achieve stringent fuel economy and will eventually increase the demand for light weight material in the fuel tank market. The growing concerns with respect to the environment and rigid controls have resulted in adoption of electric vehicles which is expected to act as a restraint to the fuel tank market growth.

The fuel tank market has shown an exceptional penetration in countries such as the U.K., Germany and France. The increasing emission norms due to growing awareness of the emissions have led to the adoption of hybrid vehicles. Hybrid vehicles emit fewer greenhouse gases than gasoline and diesel vehicles which is creating huge opportunities for the fuel tank market in the developed countries.

Fuel Tank Market Scenario

According to Data Bridge Market Research, the market for fuel tank in Germany has the highest market share followed by the U.K. and France. Market leader is Kautex (a subsidiary of Textron Inc.) which accounts an estimated market share of approximately 23% to 30% in the Europe region. The market is witnessing continuous product integration and expanding their business in the market.

  • In July 2019, Unipres Corporation which is engaged in developing of systems, units and increasing division of work between car parts manufacturers and car makers established a subsidiary company Unipres Wuhan Corporation in China. Through the subsidiary, the company offered automotive parts and fuel tanks to the automotive manufacturers. This business expansion has helped the company to expand their business with car makers which are located in Wuhan.

Europe Fuel Tank MarketTrends Impacting the Fuel Tank Market

Now the question is which other regions Kautex (a subsidiary of Textron Inc.), Plastic Omnium and TI Fluid Systems are targeting? Data Bridge Market Research has estimated a large growth in the Germany in Europe fuel tank market and the market leaders targeting the U.K. and France to be their next revenue pockets for 2020.  

The fuel tank market is becoming more competitive every year with companies such as Kautex (a subsidiary of Textron Inc.), Plastic Omnium and TI Fluid Systems as they are the market leaders for fuel tank. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the fuel tank market.

For more analysis on the fuel tank market request for a briefing with our analysts

Fuel Tank Market Development   

  • In July 2019, Continental AG, the parent company of ContiTech AG expanded its fuel cell technology sector with cooperation of Chemnitz University of Technology Professorship of Advanced Power trains (ALF). This business expansion has helped the company to generate more revenue.

Scope of the Fuel Tank Market

Europe fuel tank market is segmented on the basis of countries into the U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Hungary, Turkey and rest of Europe.

  • All country based analysis of fuel tank market is further analyzed based on further segmentation. On the basis of tank capacity, the fuel tank market has been segmented into less than 45 l, 45l -70l and more than 70l. On the basis of material type, the fuel tank market has been segmented into plastic, aluminum, steel and others. On the basis of weight, the fuel tank market has been segmented into less than 7kg, 7 to 10 kg, more than 70kg. On the basis of propulsion type, the fuel tank market has been segmented into natural gas, hydrogen, internal combustion engine (ICE) and hybrid. On the basis of sales channel, the fuel tank market has been segmented into OEM and aftermarket. On the basis fuel type, the fuel tank market has been segmented into LPG/CNG, gasoline and diesel. On the basis of vehicle type, the fuel tank market has been segmented into passenger cars, light commercial vehicle, heavy commercial vehicle and hybrid vehicle.

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Key Pointers Covered in Fuel Tank Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • TI Fluid Systems
  • Yachiyo Industry Co., Ltd.
  • Magna International Inc.
  • Plastic Omnium
  • Unipres Corporation
  • Kautex (a subsidiary of Textron Inc.)
  • ContiTech AG (a subsidiary of Continental AG)
  • SMA Serbatoi SpA
  • ElkametKunststofftechnik GmbH
  • Salzburger Aluminium Group
  • Central Precision Limited
  • Arrow Radiators (Melksham) Ltd
  • PIOLAX, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of fuel tank companies’, contact us

Research Methodology: Europe Fuel Tank Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Developers, Mechanical Engineers and Industrial Professionals among others
  • Supply Side: Original Equipment Manufacturers, Exporters, Distributors, Wholesalers and Retailers among others.

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