The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with market drivers, restraints, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.
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Key Drivers of the Automotive Fuel Tank Market:
The significant factors responsible for the growth of the global automotive fuel tank market include the growing production volume of the vehicles driven by the accelerating demand for the vehicles among the customers at the global level. Additionally, the rising number of innovations and research & development activities including the production of plastic fuel tanks, followed by the increasing awareness related to the remarkable advantages offered by fuel tank such as corrosion resistance, self-sealing, durability, and the ability to endure harsh climatic conditions are certain other factors that are boosting the demand of the automotive fuel tank market size.
The rapid industrialization, increasing economic growth, rising disposable and per capita income, and the growing rate of middle-class population, has resulted in an increase in the sales of automobiles, particularly of the passenger vehicles, across the developing countries. All these factors are creating numerous growth opportunities for the market. Various government regulations for the development of light-weight components and vehicles which have improved the fuel efficiency and reduced consumption of fuel are also surging the growth of the global autonomous fuel tank market. On the other edge, the increasing number of government initiatives and efforts to support the adoption of electric vehicles due to the increasing environmental concerns is likely to hamper the market growth.
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This report splits the market as follows:
- <45 Litres
- 2. 45-70 Litres
- 3. >70 Litres
- Natural Gas Vehicle (NGV)
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
The Automotive Fuel Tank Market report also scans the competitive landscape and profiles the major players operating in the market, including TI Fluid Systems, SMA Serbatoi S.p.A., FTS, YAPP.INC, Unipres Corporation, Textron Inc., The Plastic Omnium Group, Yachiyo, Magna International Inc., and SRD Holdings Ltd., among others.
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