Global Fuel Tank Market is Expected to Grow at a CAGR of 4.7% in the Forecast Period of 2020 to 2027

Global Fuel Tank Market is forecasted to grow at a CAGR of 4.7% with factors such increasing investments in the infrastructure industry.

Fuel tank market has shown an exceptional penetration in countries such as Germany, U.S, and China due to technological advancements in vehicles. In developing countries, rising buying capacity is creating opportunity for the global fuel tank market.

Fuel Tank Market Scenario

According to Data Bridge Market Research the market for fuel tank in Asia-Pacific region has the highest market share followed Europe and North America. Market leader is Kautex (a subsidiary of Textron Inc.) which accounts an estimated market share of approximately 24.8% in the global market. The company has gained outstanding sale through their fuel tank products.

In August 2019, Textron Inc., the parent company of Kautex announced that it is looking into strategic alternatives for its Kautex business unit, which produces fuel systems and other functional components. Textron plans to consider a range of options, including a sale, tax-free spin-off, or other transactions. The company is exploring strategic alternatives so that they can position Kautex to the best serve its customers for ongoing success while simultaneously unlocking potential value for shareholders.

Fuel Tank MarketTrends Impacting the Market

Now the question is which other regions Kautex, Plastic Omnium, TI Fluid Systems are targeting? Data Bridge Market Research has forecasted a large growth in global fuel tank market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2020.

The fuel tank market is becoming more competitive every year with companies such as Kautex, Plastic Omnium, TI Fluid Systems as they are the market leaders for fuel tank. The data bridge market research new reports highlight the major growth factors and opportunities in the Fuel tank market.

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Fuel Tank Market Development

  • In November 2019, Plastic Omnium won a contract from a German car company for the improvement of 350-bar hydrogen tanks. Through this contract, the company involved the supply of equipment for buses and it was said to be the largest project in Europe for this type of vehicle. This contract has helped the company to gain more revenue.

 Scope of the Fuel tank Market

Global fuel tank market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt, Rest of Middle East & Africa.

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

To know more about the study

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
  • 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
  • Bellsonica Corporation
  • Crefact Corporation
  • Boyd Welding LLC
  • Elkamet Kunststofftechnik 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: Global 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 Managers, Automobile Manufacturers
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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