Market Overview:
The global heavy-duty truck fuel tank market is estimated to be valued at US$ 1,711.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The steel fuel tank segment is expected to account for a major share of the global heavy-duty truck fuel tank market in terms of revenue, owing to its high durability and resistance against corrosion. In terms of volume, however, the aluminum fuel tank segment is expected to account for a larger share of the market during the forecast period. The Asia Pacific region is anticipated to be one of the most lucrative markets for heavy-duty truck fuel tanks during 2018–2030. This can be attributed primarily due high demand from countries such as China and India in this region.
Product Definition:
Heavy-duty truck fuel tanks are used to store fuel for heavy-duty trucks. They are typically made of aluminum or steel and can hold a large amount of fuel. This makes them ideal for long trips or when traveling through remote areas. Heavy-duty truck fuel tanks are also important for commercial operations that require a lot of driving.
Aluminum Fuel Tank:
Aluminum fuel tank is a part of the vehicle that holds the fuel and allows it to expand, contract, and flex with changes in temperature. The aluminum tanks are lighter than steel or other metals; hence they help in improving the overall performance of vehicles by reducing its kerb weight. Aluminum can also be recycled from these tanks after use which makes it an ideal choice for OEMs as well as aftermarket suppliers.
Steel Fuel Tank:
Steel fuel tank is a part of heavy-duty truck which stores fuel for the engine. It has an important role to play while delivering goods from one place to another. The steel fuel tank is made up of different materials like carbon steel, stainless steel, aluminum and alloy etc., depending upon the type of vehicle it serves.
The size and shape depends upon the make & model but generally it’s 2/3 times bigger than gasoline tanks.
Application Insights:
The demand for the class 7 heavy-duty trucks was highest at 1,619.4 kilo tons in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the expansion of the manufacturing sector in developing countries such as China, India and Brazil owing to increasing industrialization levels coupled with government initiatives encouraging foreign investments.
The demand for aluminum fuel tanks is expected to witness significant growth over the forecast period on account of their lightweight properties which makes them ideal for long-distance transportation applications where reduced weight reduces operating costs while improving fuel efficiency.
Regional Analysis:
Asia Pacific dominated the global heavy-duty truck fuel tank market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of total volume in 2017 owing to increasing demand from developing economies such as China, India, and Indonesia. Moreover, rising investments by OEMs are anticipated to drive growth over the next eight years. For instance, Hyundai Motor Company announced an investment worth USD X billion for expanding production capacity at its Ulsan plant in South Korea with an aim to increase production capacity by approximately 700 thousand units per year beginning from 2018.
Growth Factors:
- Increasing demand for commercial vehicles: The global market for commercial vehicles is expected to grow at a CAGR of more than 5% during the forecast period. This will lead to an increase in demand for heavy-duty truck fuel tanks.
- Technological advancements: Fuel tank manufacturers are constantly innovating and introducing new technologies that improve the performance and efficiency of their products. This will help them gain a larger share of the market.
- Rising fuel prices: The price of crude oil has been on the rise in recent years, which has led to an increase in fuel prices across the world. This is likely to drive demand for heavy-duty truck fuel tanks as businesses look for ways to reduce their operating costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy- Duty Truck Fuel Tank Market Research Report
By Type
Aluminum Fuel Tank, Steel Fuel Tank
By Application
Class 7 Heavy-duty Truck, Class 8 Heavy-duty Truck
By Companies
Kautex, SAG, Proform Group Inc, Alumitank, Martinrea, Standard Technologies, Titan Fuel Tanks, Northside Industries, Propower Mfg, Kautex
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Heavy- Duty Truck Fuel Tank Market Report Segments:
The global Heavy- Duty Truck Fuel Tank market is segmented on the basis of:
Types
Aluminum Fuel Tank, Steel Fuel Tank
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
Class 7 Heavy-duty Truck, Class 8 Heavy-duty Truck
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:
- Kautex
- SAG
- Proform Group Inc
- Alumitank
- Martinrea
- Standard Technologies
- Titan Fuel Tanks
- Northside Industries
- Propower Mfg
- Kautex
Highlights of The Heavy- Duty Truck Fuel 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:
- Aluminum Fuel Tank
- Steel Fuel Tank
- By Application:
- Class 7 Heavy-duty Truck
- Class 8 Heavy-duty Truck
- 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 Heavy- Duty Truck Fuel 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?
A heavy-duty truck fuel tank is a large, durable container that holds a significant amount of fuel. This type of tank is designed to withstand the rigors of regular use, including being dropped or bumped.
Some of the major companies in the heavy- duty truck fuel tank market are Kautex, SAG, Proform Group Inc, Alumitank, Martinrea, Standard Technologies, Titan Fuel Tanks, Northside Industries, Propower Mfg, Kautex.
The heavy- duty truck fuel tank market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Market Size & Forecast, 2018-2028
4.5.1 Heavy- Duty Truck Fuel Tank Market Size and Y-o-Y Growth
4.5.2 Heavy- Duty Truck Fuel Tank Market Absolute $ Opportunity
Chapter 5 Global Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Type
5.2.1 Aluminum Fuel Tank
5.2.2 Steel Fuel Tank
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Applications
6.2.1 Class 7 Heavy-duty Truck
6.2.2 Class 8 Heavy-duty Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Analysis and Forecast
9.1 Introduction
9.2 North America Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Type
9.6.1 Aluminum Fuel Tank
9.6.2 Steel Fuel Tank
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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Applications
9.10.1 Class 7 Heavy-duty Truck
9.10.2 Class 8 Heavy-duty Truck
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 Heavy- Duty Truck Fuel Tank Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Type
10.6.1 Aluminum Fuel Tank
10.6.2 Steel Fuel Tank
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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Applications
10.10.1 Class 7 Heavy-duty Truck
10.10.2 Class 8 Heavy-duty Truck
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 Heavy- Duty Truck Fuel Tank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Type
11.6.1 Aluminum Fuel Tank
11.6.2 Steel Fuel Tank
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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Applications
11.10.1 Class 7 Heavy-duty Truck
11.10.2 Class 8 Heavy-duty Truck
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 Heavy- Duty Truck Fuel Tank Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy- Duty Truck Fuel 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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Type
12.6.1 Aluminum Fuel Tank
12.6.2 Steel Fuel Tank
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 Heavy- Duty Truck Fuel Tank Market Size Forecast by Applications
12.10.1 Class 7 Heavy-duty Truck
12.10.2 Class 8 Heavy-duty Truck
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) Heavy- Duty Truck Fuel Tank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy- Duty Truck Fuel 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) Heavy- Duty Truck Fuel Tank Market Size Forecast by Type
13.6.1 Aluminum Fuel Tank
13.6.2 Steel Fuel Tank
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) Heavy- Duty Truck Fuel Tank Market Size Forecast by Applications
13.10.1 Class 7 Heavy-duty Truck
13.10.2 Class 8 Heavy-duty Truck
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 Heavy- Duty Truck Fuel Tank Market: Competitive Dashboard
14.2 Global Heavy- Duty Truck Fuel Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kautex
14.3.2 SAG
14.3.3 Proform Group Inc
14.3.4 Alumitank
14.3.5 Martinrea
14.3.6 Standard Technologies
14.3.7 Titan Fuel Tanks
14.3.8 Northside Industries
14.3.9 Propower Mfg
14.3.10 Kautex
