Global Commercial Vehicle Fuel Tank Market by Application and Geography – Forecast to 2023: Growing Preference for M&HCVs to Transport Freight – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global
Commercial Vehicle Fuel Tank Market 2019-2023”
report has been
added to ResearchAndMarkets.com’s offering.

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 for 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.

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

Key Players

  • Continental
  • Magna International
  • Textron
  • TI Automotive
  • Yachiyo Industry

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Market Landscape

4. Market Sizing

5. Five Forces Analysis

6. Market Segmentation by Application

7. Customer Landscape

8. Geographic Landscape

9. Decision Framework

10. Drivers and Challenges

11. Market Trends

12. Vendor Landscape

13. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/c4z94w/global_commercial?w=4

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Related
Topics: Commercial
Vehicles
, Automotive
Fuel Systems

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