Commercial Vehicle Fuel Tanks: Worldwide Markets, 2023 - Increasing Adoption of Plastic Fuel Tanks to Reduce Vehicle Weight

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Dublin, Dec. 07, 2018 (GLOBE NEWSWIRE) -- The report has been added to 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 at 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.

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY APPLICATION

PART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPE

PART 09: DECISION FRAMEWORKPART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

For more information about this report visit

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Related Topics: Commercial Vehicles, Automotive Fuel Systems

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Globe Newswire: 09:05 GMT Friday 7th December 2018

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