Market Overview:
The global truck fuel tank market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles, especially in emerging economies such as China and India. Additionally, the increasing focus on fuel efficiency and emissions reduction is also driving the demand for truck fuel tanks. The global truck fuel tank market can be segmented by type, application and region. By type, the market can be divided into below 50 L, 500-100 L, 100-200 L and above 200 L segments. By application, light trucks and heavy trucks segments can be distinguished.
Product Definition:
A truck fuel tank is a large storage container used to store fuel, usually diesel or gasoline, for use in motor vehicles. The importance of truck fuel tanks is that they provide a means of transporting and storing large quantities of fuel so that it can be used when needed.
Below 50 L:
Below 50 L is the fuel tank capacity below which it has been observed that the average distance between fill-ups for a given set of vehicles decreases. The reason being, if there is sufficient fuel in the tank to reach destination with a margin, then chances are high that there would not be any need to stop at gas stations along the route.
500-100 L:
500-100 L is a fuel tank for trucks. It is available in two different capacities 500-100 L and 1.5-50 L, which can be used in diesel or petrol engines of trucks. The 500-100L fuel tank has an advantage over the smaller variants as it allows more space for other components such as filters, hoses and lines that are connected to the vehicle’s engine.
Application Insights:
The light truck application segment led the global market and accounted for more than 60.0% share of the total revenue in 2017. The growth is attributed to increasing demand for light trucks, such as passenger cars with extra capacity for freight or packages, by end-users in emerging economies including China and India. In addition, growing penetration of e-commerce has facilitated easy access to products through third party logistics providers which has further accelerated industry growth over the recent past.
The heavy truck application segment is expected to witness significant growth over the forecast period owing to rising demand from construction industries across various regions including Middle East & Africa and Asia Pacific countries such as China Japan Malaysia Indonesia etcetera.
Regional Analysis:
Asia Pacific dominated the global 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 the total revenue in 2017 owing to high demand from developing economies such as China, India, and Indonesia. Moreover, rising disposable income coupled with increasing consumer preference towards commercial vehicles is anticipated to drive growth over the forecast period.
North America emerged as one of the major consumers due to presence of prominent players such as ExxonMobil Corporation; Cummins Inc.; Caterpillar Inc.; and General Motors Company among others. These companies are engaged in research & development activities aimed at manufacturing cost-effective fuel tanks that meet stringent safety norms set by regulatory bodies such as U.S Department Of Transportation (DOT) and Environment Protection Agency (EPA). This factor is also projected to propel regional growth during the estimated time span.
Growth Factors:
- Increasing demand for commercial vehicles: The global truck market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for commercial vehicles from various end-use industries such as logistics, transportation, and manufacturing. This is expected to result in an increase in the demand for truck fuel tanks over the next few years.
- Technological advancements: The truck fuel tank market is witnessing significant technological advancements with respect to design and material used in manufacturing these tanks. This has led to an increase in their efficiency and durability, which is further propelling their adoption among commercial vehicle owners worldwide.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the globe in a bid to reduce environmental pollution levels caused by vehicular emissions. This is resulting in an increased adoption of advanced truck fuel tanks that help reduce emissions significantly as compared with traditional counterparts..
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Fuel Tank Market Research Report
By Type
Below 50 L, 500-100 L, 100-200 L, Above 200 L
By Application
Light Truck, Heavey Truck
By Companies
Titan Fuel Tank, Transfer Flow, Allen Jac, Spectra Premium, Alliance Truck Parts, Alumitank, LMC Truck, Cleveland Tank, Metal Tanks, Mayville Engineering, Titan Fuel Tank
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Truck Fuel Tank Market Report Segments:
The global Truck Fuel Tank market is segmented on the basis of:
Types
Below 50 L, 500-100 L, 100-200 L, Above 200 L
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
Light Truck, Heavey 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:
- Titan Fuel Tank
- Transfer Flow
- Allen Jac
- Spectra Premium
- Alliance Truck Parts
- Alumitank
- LMC Truck
- Cleveland Tank
- Metal Tanks
- Mayville Engineering
- Titan Fuel Tank
Highlights of The 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:
- Below 50 L
- 500-100 L
- 100-200 L
- Above 200 L
- By Application:
- Light Truck
- Heavey 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 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 truck fuel tank is a large container that holds the fuel needed to run a truck.
Some of the major companies in the truck fuel tank market are Titan Fuel Tank, Transfer Flow, Allen Jac, Spectra Premium, Alliance Truck Parts, Alumitank, LMC Truck, Cleveland Tank, Metal Tanks, Mayville Engineering, Titan Fuel Tank.
The truck fuel tank 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 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 Truck Fuel Tank Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 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 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 Truck Fuel Tank Market Size & Forecast, 2020-2028 4.5.1 Truck Fuel Tank Market Size and Y-o-Y Growth 4.5.2 Truck Fuel Tank 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 Below 50 L
5.2.2 500-100 L
5.2.3 100-200 L
5.2.4 Above 200 L
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 Light Truck
6.2.2 Heavey Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 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 Below 50 L
9.6.2 500-100 L
9.6.3 100-200 L
9.6.4 Above 200 L
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 Light Truck
9.10.2 Heavey 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 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 Below 50 L
10.6.2 500-100 L
10.6.3 100-200 L
10.6.4 Above 200 L
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 Light Truck
10.10.2 Heavey 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 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 Below 50 L
11.6.2 500-100 L
11.6.3 100-200 L
11.6.4 Above 200 L
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 Light Truck
11.10.2 Heavey 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 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 Below 50 L
12.6.2 500-100 L
12.6.3 100-200 L
12.6.4 Above 200 L
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 Light Truck
12.10.2 Heavey 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) 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 Below 50 L
13.6.2 500-100 L
13.6.3 100-200 L
13.6.4 Above 200 L
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 Light Truck
13.10.2 Heavey 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 Truck Fuel Tank Market: Competitive Dashboard
14.2 Global Truck Fuel Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Titan Fuel Tank
14.3.2 Transfer Flow
14.3.3 Allen Jac
14.3.4 Spectra Premium
14.3.5 Alliance Truck Parts
14.3.6 Alumitank
14.3.7 LMC Truck
14.3.8 Cleveland Tank
14.3.9 Metal Tanks
14.3.10 Mayville Engineering
14.3.11 Titan Fuel Tank