New York, According to a new market research report published by Global Insight Services “Automotive Fuel Tank Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive fuel tanks are made of materials that are compatible with the fuel they are designed to hold. The most common materials used to make automotive fuel tanks are steel, aluminum, and plastic. Steel is the most common material used to make automotive fuel tanks because it is strong and durable. Aluminum is used to make automotive fuel tanks because it is lightweight and does not rust. Plastic is used to make automotive fuel tanks because it is lightweight and does not corrode.
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Key Players
- Hyundai Kefico
- Robert Bosch
- United Automotive Electronic Systems
- Benteler
- Denso
- Continental
- Aisen Industry
Key Trends and Drivers
The automotive fuel tank market has seen several key trends emerge over the past 5 years. One of the most notable trends has been the increasing popularity of alternative fuel sources, such as electric vehicles and hybrid vehicles. This has led to a corresponding increase in demand for fuel tanks that can accommodate these alternative fuels. Another key trend has been the development of new materials and technologies for fuel tanks, such as those that can withstand higher temperatures and pressures. This has been driven by the need for more efficient and durable fuel tanks in the face of increasingly strict emissions regulations.
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Market Segments
By Material
- Steel
- Plastic
- Aluminum
By Capacity
- <45L
- 45-70L
- >70L
By Propulsion
- Natural Gas Vehicle (NGV)
- Hydrogen
- Hybrid
By Tank Type
- Type 1
- Type 2
- Type 3
- Type 4
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