Vehicle Fuel Tanks Market is anticipated to grow at a higher CAGR as vehicle fuel tanks are storage tanks and a safe container for flammable fluids. Recently, plastic fuel tanks are widely used by automobile industry. Steel fuel tanks were mostly preferred by automobile industry but the rising popularity of plastic fuel tanks and relevant advantages is slowly taking over steel fuel tanks.
Since HDPE vehicle fuel tanks can be molded into complex and sophisticated shapes, car designers can use the available space for fuel tank. Characteristically, plastic fuel tanks offer resistance against corrosion which in case of steel tanks requires timely maintenance adding to overhead costs. Commercial factors such as versatility, safety features and compact nature associated with plastic fuel tanks for automobiles/vehicles, the market value is likely to gain traction in upcoming years. Also, the market growth witnesses a moderate growth in steel fuel tanks and trajectory growth in plastic fuel tanks for assessment period. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/vehicle-fuel-tank-market/request-sample The key driving factors responsible for the growth of Vehicle Fuel Tanks Market includes rising rate of automotive industry, stringent regulations by government and rise in eco-friendly fuel tanks. Additionally, growing global production of vehicles, rising trend of vehicle weight reduction and environmental norms pertaining to carbon emission have propelled the growth of global market. On the basis of type, the vehicle fuel tanks market is segmented into high density polyethylene plastic fuel tank and steel fuel tank. High-density polyethylene (HDPE) dominates the market segment during the forecast period also the global demand for HDPE is much high due to the growing demand for plastic fuel tanks. HDPE tanks are widely segmented into monolayer, fluorinated and multilayer. On the basis of technology, the vehicle fuel tanks market is segmented into multilayer technology and barrier technology. On the basis of geographic segmentation, the vehicle fuel tank market spans North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa. North America is anticipated to grow at a higher CAGR. Europe and APAC regions are expected to follow the trend. China and India are key regions for future market trends in automotive fuel tanks due to rise in disposable income, large population, higher growth rate of automotive industry. European regions such as Germany, France and Italy are major commercial hubs for automobile manufacturers. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/automotive-and-parts The key players in the vehicle fuel tanks market include Kautex Textron GmbH & Co, Benteler AG, Fuel System Solutions, Inergy Automotive Systems, Toyoda Gosei Co Ltd, TI Automotive Ltd, YAPP Automotive Parts Co ltd, Kongsberg Automotive, Visteon Corporation and Magna International Inc.
Table of Contents 1 Vehicle Fuel Tank Overview 2 Global Vehicle Fuel Tank Market Competition by Manufacturers 3 Global Vehicle Fuel Tank Analysis by Region 4 Global Vehicle Fuel Tank Analysis by Type 5 Global Vehicle Fuel Tank Market Analysis by Application 6 Global Vehicle Fuel Tank Manufacturers Analysis 7 Vehicle Fuel Tank Technology and Development Trend 7.1 Vehicle Fuel Tank Technology Analysis 7.2 Vehicle Fuel Tank Technology Development Trend 8 Research Findings and Conclusion Browse Full Research Report @ https://www.millioninsights.com/industry-reports/vehicle-fuel-tank-market