DUBLIN, Sept. 22, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/qgxxsl/global_automotive) has announced the addition of the "Global Automotive Fuel Tank Market 2015-2019" report to their offering.
The global automotive fuel tank market to grow at a CAGR of 5.89% during 2014-2019.
The report, Global Automotive Fuel Tank Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report presents the vendor landscape and a corresponding detailed analysis of the leading six vendors in the market. The report also includes a discussion of the key vendors operating in this market.
The increase in automotive production as well as government regulations globally (for reducing the weight of vehicles and increasing the fuel economy) are contributing to the growth of the market.
The report covers the present scenario and the growth prospects of the global automotive fuel tank market for 2015-2019. To calculate the market size, the report considers production units of global automotive fuel tanks at the OEMs level.
The growing focus on eco-sustainability of fuel tanks is a key trend observed in this market. Automotive fuel tank OEMs have tried a variety of solutions to improve the eco-sustainability of fuel tanks, such as increasing the amount of plastic materials and adding additional films to the fuel tank walls. Although this may reduce the emissions problem associated with plastic tanks, it increases the cost to manufacture them
According to the report, one driver that positively affects the market is the increasing usage of plastic fuel tanks. Plastic can be molded to fit unique spaces in a vehicle. This makes them a very convenient option for designers. Also, the lightweight nature and design flexibility of plastic allows automotive OEMs to control the overall automotive weight.
Further, the report states that the emerging alternative fuels/drivetrains is a major challenge faced by this market. Governments worldwide are taking steps to increase the penetration of EVs due to their environmental, economic, and energy-saving benefits. Also, environmental issues and concerns over the depletion of non-renewable sources of energy have increased the acceptance of EVs.
Key Vendors
- Continental
- Kautex
- LyondellBasell
- Magna
- TI Automotive
- Yachiyo
Other Prominent Vendors
- Aethra
- Allgaier Automotive
- Boyd Welding
- Dali & Samir Engineering
- Donghee
- FTS
- Fuel Systems
- Kautex Textron
- Magna Fuel Systems
- Manchester Tank
- Martinrea International
- Munjal Auto Industries
- Plastic Omnium
- Rasandik
- Robertson Fuel Systems
- Spectra Premium
- Tanks
- Unipres
- VITEC
- Walbro
- YAPP Automotive Parts
For more information visit http://www.researchandmarkets.com/research/qgxxsl/global_automotive
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
