According to a new market report published by Lucintel, the future of the global automotive fuel tank market looks promising with opportunities in the hybrid, hydrogen, ICE, and NGV propulsion segments. The global automotive fuel tank market is expected to to grow with a CAGR of 5% from 2021 to 2026. The major drivers for this market are increase in vehicle production and decrease in vehicle weight.
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In this market, <45L, 45L-70L, and >70L are the major fuel tank capacities used to manufacture automotive fuel tanks. On the basis of comprehensive research, Lucintel forecasts that 45L-70L capacity fuel tanks will remain the largest segment and it is also expected to witness the highest growth over the forecast period because of increased production of sedans and mini SUVs.
Within the global automotive fuel tank market, the hydrogen tank segment is expected to witness the highest growth over the forecast period due to increasing stringency of emission and fuel efficiency norms.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to increasing demand for mini and medium cars, which in turn will drive the market for ICE fuel tanks.
Emerging trends, which have a direct impact on the dynamics of the industry, include development for high-pressure hydrogen tanks and plastic fuel tanks. Plastic Omnium, Textron - Kautex, YAPP, TI Fluid Systems, Yachiyo, Unipres, Fuel Total Systems, Magna International, and SMA Serbatoi S.p.A. are among the major suppliers of the automotive fuel tank market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive fuel tank market by tank capacity, propulsion, CNG tank type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Fuel Tank Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive fuel tank market by tank capacity, propulsion, CNG tank type, and region as follows:
By Tank Capacity [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By Propulsion [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
By CNG Tank Type [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Type 1
Type 2
Type 3
Type 4
By Region [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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