Global and China Automobile Fuel Tank Industry 2014-2017 - Worldwide Market Size, Share, Trend, Analysis, Forecast and Growth

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Automobile fuel tank, based on materials, can be divided into metal fuel tank and plastic fuel tank, with the former chiefly used in commercial vehicles and cross passenger vehicles, and the latter primarily used in sedans, MPV, and SUV. Featuring merits such as lightweight, low cost, high safety, corrosion resistance, long life and effective use of body space, the plastic fuel tank has witnessed rapid growth over recent years.

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China’s plastic automobile fuel tank demand recorded a CAGR of 23% during 2009-2013, and totaled 14.864 million in 2013. Because of requirements on environment protection and energy conservation, more and more plastic fuel tanks will be used in medium-duty and light trucks in China in the future, further driving up demand for plastic automobile fuel tank. It is expected that the use ratio of plastic fuel tank in Chinese automobile market will reach 80% by 2017, creating a demand of 24.56 million.

Plastic fuel tank companies in China consist of foreign ones, state-owned ones and private ones.

Representative foreign company: Kautex Textron, TI Automotive, Inergy, etc.;

Representative state-owned company: YAPP Automotive Parts Co., Ltd.;

Representative private company: Wuhu Shunrong Auto Parts Co., Ltd.

The supporting characteristics of these three categories of companies are as follows:

Foreign and state-owned companies serve mainly joint-venture complete vehicle brands like Volkswagen, GM, Nissan, Toyota and Honda.

Private companies mainly provide the products for homegrown complete vehicle brands, as they entered the market late. They are making a push into supporting market of joint-venture complete vehicle brands so as to enter the...