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Global Commercial Vehicle Fuel Tank Market 2019-2023

Global Commercial Vehicle Fuel Tank Market 2019-2023

About this market

In the recent years, there has been a growing preference for road transportation in emerging countries across the globe. In 2016, Cyprus had around 97% of their national freight transported through road, followed by the UK with around 96%. In the same year, Finland, France, and Sweden also had about 90% of their national freight transported via road transport. In 2016, Slovakia had around 84% and Latvia 80% of their international freight transported through road. Thus, the significant increase in freight transport via road will drive the growth of the global commercial vehicle fuel tank market during the forecast period.

Market Overview

Growing preference for M&HCVs to transport freight

Over the years, there has been a growing preference for road transportation in emerging countries such as China and India. The subsequent increase in the use of heavy, medium, and light-duty vehicles is likely to result in less share of rail transport. In China, traffic congestions are caused mainly due to large heavy-duty trucks transporting goods from Inner Mongolia to Beijing. One of the main reasons for opting roadways for transporting cargo is the limited number of rail services within the country.

Increasing popularity and sales of electric commercial vehicles

The challenges associated with emissions, energy consumption, and the total cost of ownership of traditional commercial vehicles are powering the growth of the hybrid commercial vehicles segment. These challenges are forcing OEMs and governments to invent efficient technologies that cause less pollution.

For the detailed list of factors that will drive and challenge the growth of the commercial vehicle fuel tank market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including TI Automotive and Yachiyo Industry the competitive environment is quite intense. Factors such as the growing preference for M&HCVs to transport freight, will provide considerable growth opportunities to commercial vehicle fuel tank manufactures. Continental, Magna International, Textron, TI Automotive, and Yachiyo Industry are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Fuel Tank Market 2019-2023

Technavio recognizes the following companies as the key players in the global commercial vehicle fuel tank market: Continental, Magna International, Textron, TI Automotive, and Yachiyo Industry.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing adoption of plastic fuel tanks to reduce vehicle weight. Fuel tanks were conventionally made of steel. However, there is an increase in the use of plastic fuel tanks in recent times. These tanks use lightweight materials, reduce vehicle weight and increase fuel efficiency. Since the 1970s, the automakers have been introducing innovations to increase fuel economy. They aim at replacing metal parts with lightweight materials.”

According to the report, one driver in the market is growing preference for M&HCVs to transport freight. Over the years, there has been a growing preference for road transportation in emerging countries such as China and India. The subsequent increase in the use of heavy, medium, and light-duty vehicles is likely to result in less share of rail transport. In China, traffic congestions are caused mainly due to large heavy-duty trucks transporting goods from Inner Mongolia to Beijing. One of the main reasons for opting roadways for transporting cargo is the limited number of rail services within the country.

Further, the report states that one challenge in the market is increasing popularity and sales of electric commercial vehicles. The challenges associated with emissions, energy consumption, and the total cost of ownership of traditional commercial vehicles are powering the growth of the hybrid commercial vehicles segment. These challenges are forcing OEMs and governments to invent efficient technologies that cause less pollution."

Companies Mentioned

Continental

Magna International

Textron

TI Automotive

Yachiyo Industry"

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global automotive fuel tank market
      • Table Segments of global automotive fuel tank market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (million units)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • LCV - Market size and forecast 2018-2023.
      • Table LCV - Market size and forecast 2018-2023 (million units)
      • Table LCV - Year-over-year growth 2019-2023 (%)
    • M&HCV - Market size and forecast 2018-2023
      • Table M&HCV - Market size and forecast 2018-2023 (million units)
      • Table M&HCV - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (million units)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (million units)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (million units)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing adoption of plastic fuel tanks to reduce vehicle weight
    • Increasing fuel tank capacities due to rising penetration of SUVs and crossovers
    • Hybrid electric vehicles would increase the demand for plastic fuel tanks
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Continental
      • Table Continental - Vendor overview
      • Table Continental - Business segments
      • Table Continental - Organizational developments
      • Table Continental - Geographic focus
      • Table Continental - Segment focus
      • Table Continental - Key offerings
    • Magna International
      • Table Magna International - Vendor overview
      • Table Magna International - Product segments
      • Table Magna International - Organizational developments
      • Table Magna International - Geographic focus
      • Table Magna International - Segment focus
      • Table Magna International - Key offerings
    • Textron
      • Table Textron - Vendor overview
      • Table Textron - Business segments
      • Table Textron - Organizational developments
      • Table Textron - Geographic focus
      • Table Textron - Segment focus
      • Table Textron - Key offerings
    • TI Automotive
      • Table TI Automotive - Vendor overview
      • Table TI Automotive - Organizational developments
      • Table TI Automotive - Geographic focus
      • Table TI Automotive - Segment focus
      • Table TI Automotive - Key offerings
    • Yachiyo Industry
      • Table Yachiyo Industry - Vendor overview
      • Table Yachiyo Industry - Organizational developments
      • Table Yachiyo Industry - Geographic focus
      • Table Yachiyo Industry - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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