Global Automotive Plastic Fuel Tank Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 4.5% from 2019 to 2027, reaching nearly US$ XX Bn.
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Automotive Plastic Fuel Tank Market: Market Overview
The automotive plastic fuel tank is a container or a reservoir carrying fuel, which is used by the vehicles to run. The fuel tank is likely produced using the high density polyethylene which are easily molded in shape as per requirement. The demand for the automotive plastic fuel tank in passenger vehicles and commercial vehicles both, as its cost is less as compared to the metal plastic fuel tank.
Global Automotive Plastic Fuel Tank Market: Market Dynamics
The demand for automotive plastic fuel tank is higher than the metal fuel tanks because the plastic fuel tank is lightweight and can be easily molded as per requirement. The material use in automotive plastic fuel tank is high density polyethylene which is most widely used. The demand of plastic fuel tank in most vehicles is due to its light weight and moldable properties fueled the growth of the market during the estimated period. In addition, increase in demand for the passenger vehicles in developing countries like China and India, are expected to drive the automotive plastic fuel market during the forecast period.
On the other hand, there are many competitors present in the market, so the profit margin is low for the existing players which hamper the growth of the market. The production of electric vehicles is also the major factor which restrain the growth of the automotive plastic fuel tank market in near future. Also, the stringent evaporative emission standards and safety norms enacted by government of many nations also hinder the growth of the automotive plastic fuel tank market during the estimated years. The fuel tank are likely produced using the high density polyethylene which lacks in terms of safety and not durable are some of the major factors which hamper the growth of the automotive plastic fuel tank market during the forecast period.
Global Automotive Plastic Fuel Tank Market: Market Segmentation
The Global Automotive Plastic Fuel Tank Market can be segmented by Layer, by Vehicle type, by Capacity, and by region. Based on Capacity, the Global Automotive Plastic Fuel Tank Market is segmented into below 45 liters, 45-70 liters and above 70litres.The average size of an automotive fuel tank is 45-70 liters, and because of wide use the 45-70 liters capacity fuel tank is subjected to the higher growth rate during the forecast period. Based on Vehicle type, the market is segmented into Commercial Vehicle and Passenger Vehicle. Many passenger vehicles like mini cars, hatchbacks, and mid-size sedans are growing at the fast rate. The rise in the passenger vehicle is expected to witness the growth of the global automotive plastic fuel tank market during the forecast period.
Global Automotive Plastic Fuel Tank Market: Regional Analysis
The regional analysis of the Global Automotive Plastic Fuel Tank Market is segregated across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific dominate the Global Automotive Plastic Fuel Tank Market due to a large number of shares of the manufacturing of automotive. Besides, the high production of passenger vehicles in this region and rapid expansion of automotive industry in South Korea, China, and India is likely to drive the global Automotive Plastic Fuel Tank market in this region during the forecast period.
The objective of the report is to present a comprehensive analysis of the Global Automotive Plastic Fuel Tank Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive Plastic Fuel Tank Market dynamics, structure by analyzing the market segments and projects the Global Automotive Plastic Fuel Tank Market size. Clear representation of competitive analysis of key players by Capacity, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Plastic Fuel Tank Market make the report investor’s guide.
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Scope of the Global Automotive Plastic Fuel Tank Market
Global Automotive Plastic Fuel Tank Market, by Layer
• Single-layer fuel tank
• Multi-layer fuel tank
Global Automotive Plastic Fuel Tank Market, by Vehicle type
• Light Vehicle
• Commercial Vehicle
• Passenger Vehicle
Global Automotive Plastic Fuel Tank Market, by Capacity
• Below 45 liters
• 45-70 liters
• Above 70 liters
Global Automotive Plastic Fuel Tank Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Automotive Plastic Fuel Tank Market, Key Players
• Inergy Automotive system Co., Ltd
• YAPP Automotive Systems Co., Ltd
• Kautex Textron
• TI Automotive
• Hebei Feida Auto Parts Co., Ltd.
• Magna Steyr
• Jiangsu Suguang
• FTS Co., Lim
• Tokyo Radiator Mfg. Co., Ltd.
• Yamura Technology
• Yachiyo Industry Co., Ltd.
• Unipres technology
• Magna Steyr
• AAPICO Hitech Public Co. Lim
• Wuhu Shunrong
• Chengdu Lingchuan Special Industrial Co., Ltd.
• Hwashin Co., Ltd.
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