New Market Research Report: Global Automotive Fuel Tank Market 2015-2019

From: Fast Market Research, Inc.
Published: Wed Sep 02 2015

Fast Market Research announces the availability of Technavio's new report "Global Automotive Fuel Tank Market 2015-2019" on their comprehensive research portal.

Automotive fuel tanks differ in size, design, and capacity depending on the vehicle type. Fuel tanks typically are constructed using materials such as steel and plastic. While plastic high-density polyethylene fuel tanks are made by blow molding, steel or aluminum fuel tanks are welded from the stamped sheets. In general, a fuel tank should avoid fuel leakage and limit evaporation emissions.

The increase in automotive production as well as government regulations globally (for reducing the weight of vehicles and increasing the fuel economy) are contributing to the growth of the market.

Technavio's analysts forecast the global automotive fuel tank market to grow at a CAGR of 5.89% during 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global Automotive Fuel Tank Market 2015-2019

Commenting on the report, an analyst from Technavio’s team said: "The growing focus on eco-sustainability of fuel tanks is a key trend observed in this market. Automotive fuel tank OEMs have tried a variety of solutions to improve the eco-sustainability of fuel tanks, such as increasing the amount of plastic materials and adding additional films to the fuel tank walls. Although this may reduce the emissions problem associated with plastic tanks, it increases the cost to manufacture them"

According to the report, one driver that positively affects the market is the increasing usage of plastic fuel tanks. Plastic can be molded to fit unique spaces in a vehicle. This makes them a very convenient option for designers. Also, the lightweight nature and design flexibility of plastic allows automotive OEMs to control the overall automotive weight.

Further, the report states that the emerging alternative fuels/drivetrains is a major challenge faced by this market. Governments worldwide are taking steps to increase the penetration of EVs due to their environmental, economic, and energy-saving benefits. Also, environmental issues and concerns over the depletion of non-renewable sources of energy have increased the acceptance of EVs.

The key players in the Global Automotive Fuel Tank Market are Continental Ag, Kautex Textron GmbH & Co. KG, LyondellBasell Industries NV, Magna International Inc., TI Automotive, and Yachiyo. while other prominent vendors include Aethra, Allgaier Automotive, Boyd Welding, Dali & Samir Engineering, Donghee, FTS, Fuel Systems, Manchester Tank, Martinrea International, Munjal Auto Industries, Plastic Omnium, Rasandik, Robertson Fuel Systems, Spectra Premium, Tanks, Unipres, VITEC, Walbro, and YAPP Automotive Parts.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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