Market Overview:
The global automotive air tanks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India. Additionally, stringent emission norms are also contributing to the growth of this market. The global automotive air tanks market is segmented on the basis of type, application and region. On the basis of type, it is divided into steel tanks and aluminium tanks. Steel tanks are more popular than aluminium tanks owing to their low cost and high durability. On the basis of application, it is classified into OEMs market and aftermarket segments.
Product Definition:
An automotive air tank is a container that stores compressed air. The compressed air is used to power various components of the vehicle, such as the brakes, steering, and suspension.
Steel Tanks:
Steel tanks are used in automotive air tanks market for transportation of liquid products such as fuel, lubricants and chemicals. The major function performed by these steel containers is to provide containment for the aforementioned liquids during transportation. In addition, they also offer a suitable platform on which to mount the components of an air compressor that aids in maintaining pressure within the container throughout its journey from supplier’s facility to end-user location.
Aluminium Tanks:
Aluminum tanks are used in automotive air tanks market for storage of compressed air, oxygen and other gaseous products. These tanks are made up of aluminum alloy which is a very strong and durable material. It can easily withstand high pressure as well as temperature conditions. Also, it has excellent corrosion resistance property due to which these tanks are widely used in the automotive industry for carrying fuel and engine coolant among others.
Application Insights:
OEMs market is expected to be the dominant application segment over the forecast period owing to increasing production of passenger cars and LCVs, which are further manufactured by several companies, joint ventures and OEMs themselves. The growing trend of producing electric vehicles is also likely to have a positive impact on the growth. For instance, in 2017-18 Tesla produced around 85% more cars than it did in 2016-17. Such a high production output has resulted in an increased demand for air tanks from its plant.
The aftermarket segment accounted for a share of 33% in 2017 owing to extensive usage.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing vehicle production in countries, such as India, Indonesia, and China. In addition, rising disposable income of consumers and improving standards of living are expected to drive demand for passenger vehicles in this region.
The European region accounted for a significant share owing to stringent emission norms implemented by regulatory bodies across Europe. For instance, according to Euro 6 norm laid down by the European Commission (EC), all new vehicles must have bi-fuel or pure electric motor option by 2018 and all existing diesel models must have a hybrid variant or an electric motor option by 2020.
Growth Factors:
- Increasing demand for lightweight vehicles: The automotive air tanks market is expected to benefit from the increasing demand for lightweight vehicles. This is because the use of lighter materials in automobiles results in reduced fuel consumption and emissions, which are beneficial for both the environment and the economy.
- Technological advancements: The automotive air tanks market is expected to benefit from technological advancements that are aimed at improving fuel efficiency and reducing emissions. For instance, automakers are increasingly using advanced materials such as aluminum alloys and carbon fiber composites in their vehicles, which require smaller air tanks compared to traditional steel-based designs.
- Stringent emission regulations: Stringent emission regulations across regions are driving automakers to adopt more fuel-efficient technologies, including those that require smaller air tanks. For instance, the European Union has introduced stringent CO2 emission standards that will come into effect starting 2021. These regulations are likely to spur growth in the automotive air tanks market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Air Tanks Market Research Report
By Type
Steel Tanks, Aluminium Tanks
By Application
OEMs Market, Aftermarket
By Companies
Frauenthal Automotive, Magna, Yamaha Fine, Tecmaplast, Viair, Ice Industries, T&G Automotive, Centrair, Torin Jack, HornBlasters, Frauenthal Automotive, Gauge Magazine, UnderWraps Automotive, Shark Tank Products, Air Lift Performance, Tractor Supply Co., Allstar Performance
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Air Tanks Market Report Segments:
The global Automotive Air Tanks market is segmented on the basis of:
Types
Steel Tanks, Aluminium Tanks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEMs Market, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Frauenthal Automotive
- Magna
- Yamaha Fine
- Tecmaplast
- Viair
- Ice Industries
- T&G Automotive
- Centrair
- Torin Jack
- HornBlasters
- Frauenthal Automotive
- Gauge Magazine
- UnderWraps Automotive
- Shark Tank Products
- Air Lift Performance
- Tractor Supply Co.
- Allstar Performance
Highlights of The Automotive Air Tanks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel Tanks
- Aluminium Tanks
- By Application:
- OEMs Market
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Air Tanks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive air tanks are used to store compressed air in a vehicle. The tanks can be filled with either regular or high-pressure air, and they are typically mounted on the roof of the car. When needed, the tank can be released into the atmosphere through a valve, allowing the pressure inside to equalize with atmospheric pressure.
Some of the key players operating in the automotive air tanks market are Frauenthal Automotive, Magna, Yamaha Fine, Tecmaplast, Viair, Ice Industries, T&G Automotive, Centrair, Torin Jack, HornBlasters, Frauenthal Automotive, Gauge Magazine, UnderWraps Automotive, Shark Tank Products, Air Lift Performance, Tractor Supply Co., Allstar Performance.
The automotive air tanks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Air Tanks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Air Tanks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Air Tanks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Air Tanks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Air Tanks Market Size & Forecast, 2020-2028
4.5.1 Automotive Air Tanks Market Size and Y-o-Y Growth
4.5.2 Automotive Air Tanks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Steel Tanks
5.2.2 Aluminium Tanks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEMs Market
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Air Tanks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Air Tanks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Steel Tanks
9.6.2 Aluminium Tanks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEMs Market
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Steel Tanks
10.6.2 Aluminium Tanks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEMs Market
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Steel Tanks
11.6.2 Aluminium Tanks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEMs Market
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Steel Tanks
12.6.2 Aluminium Tanks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEMs Market
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Steel Tanks
13.6.2 Aluminium Tanks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEMs Market
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Air Tanks Market: Competitive Dashboard
14.2 Global Automotive Air Tanks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Frauenthal Automotive
14.3.2 Magna
14.3.3 Yamaha Fine
14.3.4 Tecmaplast
14.3.5 Viair
14.3.6 Ice Industries
14.3.7 T&G Automotive
14.3.8 Centrair
14.3.9 Torin Jack
14.3.10 HornBlasters
14.3.11 Frauenthal Automotive
14.3.12 Gauge Magazine
14.3.13 UnderWraps Automotive
14.3.14 Shark Tank Products
14.3.15 Air Lift Performance
14.3.16 Tractor Supply Co.
14.3.17 Allstar Performance
