North America fuel tank market is projected to register a CAGR of 3.9% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
North America Fuel Tank Market, By Tank Capacity (Less Than 45 L, 45L -70L, and More Than 70L), Material Type (Plastic, Aluminum, Steel, Others), Weight (Less Than 7KG, 7KG to 10 KG, More Than 70KG), Fuel Type (LPG/CNG, Diesel, Gasoline), Propulsion Type (Natural Gas, Hydrogen, Internal Combustion Engine (ICE), Hybrid), Sales Channel (OEM, Aftermarket), Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle, Hybrid Vehicle), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the North America fuel tank market are:
- Increasing demand for passenger vehicles
- Lower manufacturing cost owing to low manpower cost and favorable government policies
Market Players:
The key market players for North America fuel tank market are listed below:
- TI Fluid Systems
- Yachiyo Industry Co., Ltd.
- Magna International Inc
- Plastic Omnium
- Unipres Corporation
- Kautex
- ContiTech AG
- FTS CO.,LTD