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.
- 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
- Magna International
- TI Automotive
- Yachiyo Industry
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