Automotive Fuel Tanks Market Predicted to Value US$ 40 Billion By 2025

Posted by Vinay on October 6th, 2017

Rapid industrialization in emerging markets has led to the emergence of a thriving automotive industry in countries such as China, India, and Brazil, in addition to well-established industries in Europe and North America. This should drive the growth of ancillary components such as automotive fuel tanks, which Persistence Market Research has analyzed in depth in its upcoming report ‘Automotive Fuel Tanks Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’. With a robust CAGR of 7.0% in terms of value for the period 2017-2025, the global automotive fuel tanks market is on track to be worth over US$ 40 Bn by end 2025, making it a market too lucrative to ignore.

With a value share of about 94%, conventional fuels will remain dominant in the automotive fuel tanks market and unless radical new technologies are developed, it is quite unlikely that alternate fuels should come anywhere close. A market value of about US$ 38 Bn likely to be recorded by 2025 with a CAGR of 7.0% makes conventional fuels extremely important in the medium to long term.

Browse Complete Report @ https://www.persistencemarketresearch.com/market-research/automotive-fuel-tanks-market.asp

The 45 to 75 Liters fuel tank segment is estimated to account for more than 55% value share by capacity in 2017. However, it is losing popularity to the Above 75 Liters segment as consumers are expressing a preference for carrying larger amounts of fuel. This is particularly true in the commercial sector as a large fuel tank reduces the constant need to refuel the tank over and over again. As road connectivity and infrastructure improves in emerging economies, the Above 75 Liters segment is predicted to become popular.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/3548