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Report overview
The global Automotive Fuel Tank market was valued at 891.56 Million USD in 2021 and will grow with a CAGR of 2.43% from 2021 to 2027.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Automotive fuel tank is an important safety and functional part of vehicle. Automotive fuel tank is a separate cabinet assembly fixed in the motor vehicle, used to store fuel. An automotive fuel tank system consists of fuel tank, fuel pipes, fuel tank cap, pipe fittings and other kinds of ancillary equipment. Automotive fuel tank functions for oil storage, heat dissipation, bubble separation and impurities precipitation, etc.With the fast increase of vehicle production, the automotive fuel tank industry developed fast in the recent years. Depending on the existing increase trend, the prospects of automotive fuel tank industry is good in next years. The growth rate of vehicles production may be slow in Europe and US. While in Asian region, especially in China, the automotive fuel tank industry will get a large development due to the development of automotive industry. In recent years, companies like Inergy have established several plants in China to produce fuel tanks. In China, automotive fuel tank industry appears pattern of Only one super Power and Multi-great Power. Manufacturers like Yapp have largely expanded their capacity in recent years. Once they make breakthrough in technology, the foreign manufacturers may lose large advantage.
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