Global Metal Fuel Tank Market Overview:
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. Some of the key players profiled in the study are 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).
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.
- Increasing Vehicle Production
- Rising Demand for Strong Components to Fuel the Demand for Metal Fuel Tanks
- Technical Advancement in Various Fuel Tank
- Shifting Focus Towards Electric Vehicles
- Stringent Evaporative Emission Standards
- Compatible with all Fuels is Helping Market to Grow
- Expensive to Transport and Install
Major Market Developments:
Magna entered into an agreement to acquire Stadco Automotive Ltd. (U.K.). Stadco Automotive Ltd. is an international tier 1 supplier of automotive Body-in-White products and services. Its core capabilities include aluminum and steel stampings, assemblies and facility design. This acquisition will improve the global foothold of the company and also help to strengthen the customer base.
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.
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
Industry Investors, Manufacturers, End User Industries, Traders, Distributors, and Suppliers, Government and Research Organizations and Associations and Industry Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Metal Fuel Tank market on the basis of product [Iron, Alloy and Others] , application [Passenger Cars and Commercial Vehicles], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Metal Fuel Tank market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Metal Fuel Tank industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Wanxiang Tongda, Wuhu Shunrong, Changchun Qiche Youxiang and Jiangsu Suguang.
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Metal Fuel Tank market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.