• 出版社/出版日：Mordor Intelligence / 2021年7月26日
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・競争状況（Magna International Inc.、Compagnie Plastic Omnium SA、TI Fluid Systems、Unipres Corporation、Kautex Textron GmbH & Co. KG、YAPP Automotive Parts Co. Ltd、Fuel Total Systems (FTS) Co. Ltd、SMA Serbatoi SpA、Yachiyo Industry Co. Ltd、SRD HOLDINGS Ltd）
The automotive fuel tank market is valued at USD 20.5 billion in 2020 and is projected to reach USD 27.4 billion by 2026. The market is poised to grow at a CAGR of 4.2% during the forecast period.
The global COVID-19 pandemic has devastated economies worldwide and the impact is felt by all the industries but the automotive industry has been negatively impacted particularly hard. Challenges that emerged from the worldwide lockdown are immense and insurmountable in many areas. The automotive industry has faced many supply chain disruptions owing to lockdowns. As the situation is coming back to normalcy, it is expected that the market will recover and grow positively during the forecast period.
Growing demand for lightweight vehicles for fuel efficiency, increase in vehicle production, rapid urbanization are key drivers which are expected to drive the market growth in the coming years. One of the major factors driving the growth of the market is increasing demand for, and sales of, commercial vehicles, owing to the rise in the e-commerce sector and resulting in the growth of the logistics industry and construction sector. However, factors, such as growing penetration and demand for electric vehicles and rise in prices of base metal, like aluminum, may hinder the growth of the market studied.
Manufacturers around the world are substituting metal fuel tanks with plastic fuel tanks, to reduce the vehicle weight to fulfil the growing demand and satisfy the discerning customer requirements. Plastic fuel tanks have many inherent advantages over metal fuel tanks, and this is augmenting their popularity in the automotive fuel tank market. As a result, plastic has become more preferred than any other material for building fuel tanks.
Key Market Trends
The 45–70 liter Fuel Tank Segment is Expected to Dominate the Automotive Fuel Tank Market
The 45–70 litre fuel tank segment of the market studied is expected to register a CAGR of over 4.8%, during the forecast period. Most of the new vehicle models launched by the automobile manufacturers over the past five years had a minimum tank capacity of 45 litres to meet the growing demand for vehicles that are well suited for long journeys, along with greater mileage range. Apart from the above-mentioned factor, large capacity fuel tanks help in occupying the dead space available within the chassis of the vehicle. Moreover, with the additional weight, they add stability to the car’s dynamics.
Most of the compact cars are equipped with 45-litre fuel tanks while most sedans are equipped with a fuel tank capacity between 45-70 litres. The SUV’s require fuel tanks with a capacity above 70 litres. As many countries such as Japan, China, India, Germany, France, and Spain are seeing demand for more sedan cars, it is estimated that the 45-70 litre capacity is the largest market. The SUV’s and other commercial vehicles have demand in United States, China, and Germany. Hence these regions are expected to drive the above 70-litre segment.
Asia-Pacific Dominates the Automotive Fuel Tank Market and is Expected to Witness the Fastest Growth Rate
Asia-Pacific is expected to witness the fastest CAGR of 4.52%, during the forecast period. The automotive sector in both developed and emerging countries in the region is witnessing an expansion, supported by the increasing demand for passenger cars. China and India have been the prime contributors to vehicle sales happening in the Asia-Pacific region.
In Asia-Pacific, in 2020, China dominated the regional market and accounted for 64.12% share of the total market, followed by Japan and India. China is one of the major manufacturers of vehicles, globally. The increased sales of vehicles in the country are expected to drive the automotive fuel tank market. Despite the pandemic, vehicle sales in 2020 totaled 25.31 million in China, just down by 1.9 percent year-on-year.
Owing to the increasing sales of mini and medium segment cars, India is expected to play a crucial role in the overall market during the forecast period. In 2020, India has sold about 2.77 million vehicles in the year 2020. In Japan, domestic automobile production has witnessed a steady rise over the past decade, owing to the weaker Japanese yen and a stronger global market for the automotive industry. In 2020, all vehicle sales grew to reach 4,598,615 units.
The automotive fuel tank market is highly dominated by few players who hold more than 70% of the market share, due to their developed products and a network of various automobile manufacturers. These include Compagnie Plastic Omnium SA, Kautex Textron GmbH & Co. KG, YAPP Automotive Parts Co. Ltd, TI Fluid Systems, Yachiyo Industry Co. Ltd, and Magna International Inc.
Other players, like Martinrea, hold a small market share. New developments, in terms of material and design, are likely to help the market leaders increase their market share, and new and small players to increase their market presence.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Driver
4.2 Market Restraint
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Capacity
5.1.1 Less than 45 liter
5.1.2 45-70 liter
5.1.3 Above 70 liter
5.2 By Material Type
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle-East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 South Africa
22.214.171.124 United Arab Emirates
126.96.36.199 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Magna International Inc.
6.2.2 Compagnie Plastic Omnium SA
6.2.3 TI Fluid Systems
6.2.4 Unipres Corporation
6.2.5 Kautex Textron GmbH & Co. KG
6.2.6 YAPP Automotive Parts Co. Ltd
6.2.7 Fuel Total Systems (FTS) Co. Ltd
6.2.8 SMA Serbatoi SpA
6.2.9 Yachiyo Industry Co. Ltd
6.2.10 SRD HOLDINGS Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS