About Metal Fuel Tank
Metal fuel tank is refer as fuel tank made of metal, which is a safe container used to store flammable gasoline and fuel. Nearly all automobiles and aircraft use metal fuel tanks in some capacity. Depending on the type of vehicle or aircraft, one type of metal fuel tank may be more suitable for use than another. The market pf metal fuel tank is growing due to various factors such increase in vehicle production, while some of the factors like shifting focus towards electric vehicles is declining the scope of metal fuel tank.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.1% |
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement and brand establishment Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Metal Fuel Tank market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Magna Steyr (Austria), Kautex Textron GmbH & Co. KG (Germany), TI Automotive Inc. (United Kingdom), Yachiyo Industry (Japan), YAPP Automotive Parts Co. Ltd. (China), Tokyo Radiator Mfg (Japan), Hwashin Tech (South Korea), Futaba Industrial (Japan), FTS Co. (Japan) and AAPICO Hitech PLC (Thailand) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wanxiang Tongda, Wuhu Shunrong, Changchun Qiche Youxiang and Jiangsu Suguang.
Segmentation Overview
AMA Research has segmented the market of Global Metal Fuel Tank market by Type (Iron, Alloy and Others), Application (Passenger Cars and Commercial Vehicles) and Region.
On the basis of geography, the market of Metal Fuel Tank has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Storage capacity, the sub-segment i.e. 500L will boost the Metal Fuel Tank market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technical Advancement in Various Fuel Tank
Market Growth Drivers:
Increasing Vehicle Production and Rising Demand for Strong Components to Fuel the Demand for Metal Fuel Tanks
Challenges:
Expensive to Transport and Install
Restraints:
Shifting Focus Towards Electric Vehicles and Stringent Evaporative Emission Standards
Opportunities:
Compatible with all Fuels is Helping Market to Grow
Market Leaders and their expansionary development strategies
In July 2019, Unipres corporation established a subsidiary company in Wahun china has china market expected to grow further company decided the established.
Magna announced expansion of its aluminum casting facility in Telford, U.K., to supply automotive parts to Jaguar Land Rover models. The construction is expected to start in the autumn of 2016. This facility will produce a number of lightweight aluminum castings by using Magna's high-pressure vacuum die casting process.
Key Target Audience
Industry Investors, Manufacturers, End User Industries, Traders, Distributors, and Suppliers, Government and Research Organizations and Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.