The global automotive fuel tank market is projected to grow at a CAGR of 5.58% from 2016 to 2021, to reach a market size of USD 17.38 billion by 2021. The key factors responsible for the growth of this market include the rising vehicle production and norms pertaining to evaporative emissions.
Asia-Oceania offers more growth opportunities for the automotive fuel tank market than the matured markets of Europe and North America, owing to the cost advantages and sizable population in the region. The Government of India is attempting to boost its economy through the Make in India campaign. The automotive sector plays a crucial role in the Indian economy, as it contributes 7% of the country's GDP (volume). India has allowed 100% foreign direct investment (FDI) with no minimum investment criteria for the automotive sector.
China is another major contributor to the automobile production in Asia-Oceania. The country accounts for approximately 26% of the global automobile production. Other countries in Asia-Oceania, such as South Korea and Japan, have strong technological capabilities, prompting OEMs to invest in the region. These factors make the Asia-Oceania region an attractive market for automotive fuel tanks.
- FTS Co. Ltd.
- Kautex Textron Gmbh & Co. KG.
- Magna International Inc.
- Martinrea International Inc.
- SMA Serbatoi S.P.A.
- TI Automotive Inc.
- The Plastic Omnium Group
- Unipres Corporation
- YAPP Automotive Parts Co. Ltd.
- Yachiyo Industry Co. Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Fuel Tank Market, By Material
7 Automotive Fuel Tank Market, By Capacity & Region
8 Automotive Selective Catalytic Reduction Market, By Vehicle Type & Region
9 Automotive Compressed Natural Gas Tank Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/sl3355/fuel_tank_market
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SOURCE Research and Markets