Market Overview:
The global automotive hydrogen tank market is estimated to grow at a CAGR of XX% and is expected to reach a value of USD XX million by 2030. The market growth can be attributed to the increasing demand for fuel-efficient vehicles and the growing popularity of electric vehicles. The global automotive hydrogen tank market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into steel type, aluminum type, and others. The steel type segment is anticipated to hold a major share in the global automotive hydrogen tank market owing to its high strength-to-weight ratio as compared to other materials used for manufacturing tanks. On the basis of application, passenger cars are expected to account for a larger share in terms of revenue as compared to commercial vehicles during the forecast period.
Product Definition:
An automotive hydrogen tank is a container that stores compressed hydrogen gas for use as a fuel in automobiles. The tank is important because it allows the car to run on hydrogen, which emits no pollutants and produces only water vapor as exhaust.
Steel Type:
The steel type in the automotive hydrogen tank market is a crucial factor that affects the growth of this market. The different types of steels include carbon, low alloy, high strength & corrosion resistance and stainless. Stainless steel is used in manufacturing fuel tanks for vehicles due to its properties such as lightweight and strong corrosion & weathering resistance.
Aluminum Type:
Aluminum type is used in automotive hydrogen tank market for manufacturing of fuel tanks. It is majorly used for manufacturing of fuel tanks that are attached with internal combustion engines. Aluminum alloys have good mechanical properties and they also provide corrosion resistance to the components that are made from it, which makes them suitable to be used in automotive industry.
The aluminum type market has been growing rapidly on account of increasing demand from various end-use industries including transportation, construction, electrical & electronics.
Application Insights:
The passenger cars segment led the global automotive hydrogen tank market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for fuel-efficient vehicles, stringent government regulations regarding reduction in greenhouse gas emissions, and growing awareness among consumers about purchasing green products.
Passenger car manufacturers are focusing on reducing vehicle weight as it has a significant impact on overall performance and fuel consumption. For this purpose, they are using lightweight materials including aluminum and carbon fiber which reduces overall vehicle weight by around 15%. In addition, manufacturers are also focusing on improving aerodynamics through design changes so that air resistance is reduced resulting in increased speed with lesser energy consumption by the engine compartment of an automobile. These factors will drive demand for hydrogen tanks over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest market share of over 45% in 2017. The region is expected to witness significant growth owing to increasing demand from developing countries such as India and China. Rising disposable income, coupled with growing automotive industry, is anticipated to drive the regional market further. In addition, supportive government regulations are also likely to contribute toward the region’s development during the forecast period.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 due high concentration of major players such as Daimler AG; Toyota Industries Corporation; BMW AG; Mercedes-Benz AG DaimlerChrysler LLC.; Volkswagen Group (Audi A6); Fiat Chrysler Automobiles N.V.; PSA Peugeot Citroen S.A.; Ford Motor Company Europe GmbH & Co., KG; Opel Germany GmbH & Co.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly vehicles
- Government initiatives and subsidies for the development of hydrogen infrastructure
- Rising awareness about the benefits of hydrogen fuel cells
- Technological advancements that make hydrogen tanks more efficient and affordable
- Growing demand from commercial vehicle segment
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Hydrogen Tank Market Research Report
By Type
Steel Type, Aluminum Type, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Ad-Venta (France), JFE Container (Japan), Samtech (Japan), Toyota Industries (Japan), Yachiyo Industry (Japan), Ad-Venta (France)
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Hydrogen Tank Market Report Segments:
The global Automotive Hydrogen Tank market is segmented on the basis of:
Types
Steel Type, Aluminum Type, Others
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
Passenger Cars, Commercial Vehicles
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:
- Ad-Venta (France)
- JFE Container (Japan)
- Samtech (Japan)
- Toyota Industries (Japan)
- Yachiyo Industry (Japan)
- Ad-Venta (France)
Highlights of The Automotive Hydrogen Tank 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 Type
- Aluminum Type
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- 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 Hydrogen Tank 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
An automotive hydrogen tank is a large, often cylindrical container that stores hydrogen gas. Hydrogen tanks are used to store the fuel for vehicles and can be found in both cars and trucks.
Some of the major companies in the automotive hydrogen tank market are Ad-Venta (France), JFE Container (Japan), Samtech (Japan), Toyota Industries (Japan), Yachiyo Industry (Japan), Ad-Venta (France).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Hydrogen Tank 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 Hydrogen Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Hydrogen Tank 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 Hydrogen Tank 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 Hydrogen Tank Market Size & Forecast, 2018-2028
4.5.1 Automotive Hydrogen Tank Market Size and Y-o-Y Growth
4.5.2 Automotive Hydrogen Tank Market Absolute $ Opportunity
Chapter 5 Global Automotive Hydrogen Tank 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 Automotive Hydrogen Tank Market Size Forecast by Type
5.2.1 Steel Type
5.2.2 Aluminum Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Hydrogen Tank 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 Automotive Hydrogen Tank Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Hydrogen Tank 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 Hydrogen Tank 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 Automotive Hydrogen Tank Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Hydrogen Tank 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 Automotive Hydrogen Tank Market Size Forecast by Type
9.6.1 Steel Type
9.6.2 Aluminum Type
9.6.3 Others
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 Automotive Hydrogen Tank Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
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 Automotive Hydrogen Tank Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Hydrogen Tank 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 Automotive Hydrogen Tank Market Size Forecast by Type
10.6.1 Steel Type
10.6.2 Aluminum Type
10.6.3 Others
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 Automotive Hydrogen Tank Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
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 Automotive Hydrogen Tank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Hydrogen Tank 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 Automotive Hydrogen Tank Market Size Forecast by Type
11.6.1 Steel Type
11.6.2 Aluminum Type
11.6.3 Others
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 Automotive Hydrogen Tank Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
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 Automotive Hydrogen Tank Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Hydrogen Tank 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 Automotive Hydrogen Tank Market Size Forecast by Type
12.6.1 Steel Type
12.6.2 Aluminum Type
12.6.3 Others
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 Automotive Hydrogen Tank Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
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) Automotive Hydrogen Tank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Hydrogen Tank 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) Automotive Hydrogen Tank Market Size Forecast by Type
13.6.1 Steel Type
13.6.2 Aluminum Type
13.6.3 Others
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) Automotive Hydrogen Tank Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
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 Hydrogen Tank Market: Competitive Dashboard
14.2 Global Automotive Hydrogen Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ad-Venta (France)
14.3.2 JFE Container (Japan)
14.3.3 Samtech (Japan)
14.3.4 Toyota Industries (Japan)
14.3.5 Yachiyo Industry (Japan)
14.3.6 Ad-Venta (France)
