Global Automotive Plastic Fuel Tank Market 2018-2022

Below are some of the key findings from this automotive plastic fuel tank market analysis report:

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Global automotive plastic fuel tank industry overview

The demand for weight reduction in cars to boost fuel efficiency is driving the global automotive plastic fuel tank market. Fuel emission regulations of many countries are putting enormous pressure on automotive manufacturers to lower fuel consumption, improve fuel economy, and develop innovative and efficient new component designs. This is encouraging automotive manufacturers to opt for lightweight materials such as plastics to downsize the engine, which is increasing the demand for automotive plastic fuel tanks. The automotive plastic fuel tank is made of lightweight plastic material which helps to reduce the vehicle weight. It helps in increasing fuel efficiency and along with CO2 emissions.

The increasing demand for high performance vehicles is a key trend that will positively impact the global automotive plastic fuel tank market. The popularity of automotive racing is growing rapidly globally, which results in the rising demand for high-performance vehicles. Thus, the demand for weight reduction in cars for fuel efficiency coupled with the increasing demand for high-performance vehicles will drive the automotive plastic fuel tank market at a CAGR of more than 4% during the forecast period. However, the market’s momentum will decelerate in the coming years because of a decrease in year-over-year growth.

Top automotive plastic fuel tank companies covered in this report

The global automotive plastic fuel tank market is moderately fragmented. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this automotive plastic fuel tank market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading automotive plastic fuel tank companies, including:

• Magna International
• Textron
• The Plastic Omnium
• TI Automotive
• Yachio Industry

 Automotive plastic fuel tank market segmentation based on application

• Passenger vehicles
• Commercial vehicles

The largest application segment of the global automotive plastic fuel tank market in 2017 was passenger vehicles. Although the market share of this segment will decrease slightly in favor of, commercial vehicles, it will continue to dominate the market throughout the next five years.

Automotive plastic fuel tank market segmentation based on region

• The Americas
• APAC
• EMEA

APAC accounted for the largest automotive plastic fuel tank market share in 2017 owing to the region becoming the largest and fastest growing vehicle market in the world. This region will witness the highest incremental growth to remain the market leader for the next five years.

Key highlights of the global automotive plastic fuel tank market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automotive plastic fuel tank market during the next five years
• Precise estimation of the global automotive plastic 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 automotive plastic fuel tank industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of automotive plastic fuel tank companies

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