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.
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.
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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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.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of fuel tank companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=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.
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Global Fuel Tank Market – Industry Trends and Forecast to 2027
North America Fuel Tank Market – Industry Trends and Forecast to 2027
Middle East and Africa Fuel Tank Market - Industry Trends and Forecast to 2027
Asia-Pacific Fuel Tank Market – Industry Trends and Forecast to 2027
Europe Fuel Tank Market – Industry Trends and Forecast to 2027