Fuel Tank Market Set to Record Exponential Growth by 2025 by pritee · October 17 cheap air max 2017 , 2018
17th October, 2018 鈥?Global Fuel Tank Market are containers that are installed in a vehicle to store fuel and keep it safe. Fuel tanks are of categorized into two major segments as plastic and metal. Metal fuel tanks are made up of either aluminum or steel whereas plastic fuel tanks majorly consist of High Density Polyethylene (HDPE). The report has segmented the global automotive fuel tank market by fuel tank type (Plastic, Steel), by region (Asia-Oceania cheap air max deluxe , North America, Europe, and RoW), automotive fuel tank material market by type (HDPE cheap air max 93 , Aluminum, Steel) and by Capacity (<45L, 45L-70L, >70L) cheap air max axis , two-wheelers (mopeds & motorcycles).
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Asia-Pacific region, with several developing countries such as India, Japan and China is expected to be the largest market for fuel tank. Key factors influencing market growth include growing population, improving standard of living and rise in per capita income. Additionally cheap air max 120 , China has overpowered the U.S. and become the largest car-producing nation at the global level. India, China and South Korea are the main contributors to the market growth of fuel tank market in Asia. Many OEMs have been expanding in this region to cater the huge demand of the Asia-Pacific region. The North American market has emerged strong and is growing at a moderate pace. Besides, the European market, is projected to spur the automotive industry in technological advancements.
Two wheeler vehicles are another attractive segment which is booming around the globe cheap air max fury , and particularly dominated in the emerging economies. Metal segment is primarily dominated by the fuel tanks for the two-wheelers, however, in the recent times, lightweight materials is expected to grow at a considerable CAGR with penetration in this market over the next eight years. Currently cheap air max plus , the lightweight fuel tanks can be seen in high-end premium motorcycles. On the other hand, reduction in the overall per unit price and advancements in the manufacturing technologies, the same is anticipated to penetrate the usual commuter two-wheeler segment in the foreseeable future.
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