Automotive Fuel Tank Industry Showing Impressive Growth during Forecast Period 2022-2031

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 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

Key Players

  • Hyundai Kefico
  • Robert Bosch
  • United Automotive Electronic Systems
  • Benteler
  • Denso
  • Continental
  • Aisen Industry
  • Toyota Gosei
  • ASV Eurocar Parts
  • ABC Group Fuel Systems

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