Commercial Vehicle Fuel Tank Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The commercial vehicle fuel tank market size has the potential to grow by 4.06 million units during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.43%. 

This report provides a detailed analysis of the market by application (LCV and MCV and HCV), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• COMPAGNIE PLASTIC OMNIUM SE
• Continental AG
• Futaba Industrial Co. Ltd.
• General Motors Co.
• Magna International Inc.
• Martinrea International Inc.
• Sakamoto Industry Co. Ltd.
• Textron Inc.
• TI Fluid Systems Plc
• Yachiyo Industry Co. Ltd.

 

The commercial vehicle fuel tank market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the growing preference for MCV and HCVs to transport freight to achieve growth opportunities. However, factors such as increasing popularity and sales of electric commercial vehicles will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the commercial vehicle fuel tank market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This commercial vehicle fuel tank market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Commercial Vehicle Fuel Tank Market: Key Drivers and Trends

The growing preference for M&HCVs to transport freight will drive the commercial vehicle fuel tank market growth during the forecast period. The subsequent increase in the use of heavy, medium, and light-duty vehicles is likely to result in less share of rail transport in China and India. One of the main reasons for choosing roadways for transporting cargo is the limited number of rail services within the country. The lack of enough rail freight services is causing companies to choose roadways as a reliable mode of transportation for their products. Most of the freight deliveries in China are made through road transportation. In India, road transportation is the widely chosen means for container transport, which is attributable to the high railway freight, poor last-mile connectivity, and unavailability of adequate freight trains. The high level of congestion due to the higher preference for passenger trains over freight rail has forced several manufacturers to rely on road transportation for freight deliveries.

The rising demand for CVs owing to increasing developments in the construction sector will fuel the growth of the commercial vehicle fuel tank market. Over the years, the increase in the number of infrastructure development projects worldwide has had a significant impact on various economic sectors. Consequently, better infrastructure has contributed to the high demand for commercial trucks, tractors, and trailers, which are used as a means of transportation for construction activities. The demand for such construction machines is growing in sync with the increasing development of infrastructure, which is expected to drive the demand for commercial vehicles in this segment. Additionally, the massive spending on infrastructure construction projects and mining activities and growth in industrial activities have emerged as the major growth drivers for all BRIC nations. The economic conditions in these nations are expected to improve during the forecast period, which is expected to boost the market for commercial vehicles in the region.

 

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Commercial Vehicle Fuel Tank Market: Segmentation by Geography

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52% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for commercial vehicle fuel tanks in North America. Market growth in this region will be faster than the growth of the market in APAC, Europe, and MEA.

To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Commercial Vehicle Fuel Tank Market: Segmentation by Application

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The rising adoption of LCVs in the market like the US and China will contribute to steady growth in the commercial vehicle fuel tank market during the forecast period, which is also attributable to better access to financing and improvement in small business opportunities. The surging demand for advanced fuel tanks using lightweight materials and innovative designs is attributable to the rapid increase in the demand for pickup trucks and SUVs for personal use in the US, which will drive the growth of the LCV segment of the commercial vehicle fuel tank market even further. 

Fetch actionable market insights on post COVID19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial vehicle fuel tank market size.

 

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Commercial Vehicle Fuel Tank Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive commercial vehicle fuel tank market growth during the next five years
• Precise estimation of the commercial vehicle fuel tank market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial vehicle fuel tank industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial vehicle fuel tank market vendors

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Commercial Vehicle Fuel Tank Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4%
Market growth 2021-2025	4.06 mn units
Market structure	Fragmented
YoY growth (%)	3.34
Regional analysis	North America, APAC, Europe, South America, and MEA
Performing market contribution	North America at 52%
Key consumer countries	US, China, Canada, Japan, and Thailand
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	COMPAGNIE PLASTIC OMNIUM SE, Continental AG, Futaba Industrial Co. Ltd., General Motors Co., Magna International Inc., Martinrea International Inc., Sakamoto Industry Co. Ltd., Textron Inc., TI Fluid Systems Plc, and Yachiyo Industry Co. Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.