London, 03 September 2015 – Technavio, a tech-focused research firm, has published a new report on the global automotive fuel tank market, which is expected to grow at a CAGR of almost 6% from 2015-2019.
In accordance with the latest report by Technavio, there is an increased use of plastic automotive fuel tanks because plastic can be molded to fit unique spaces in a vehicle, enable efficient utilization of space, and eliminate any risk of corrosion.
“Plastic automotive fuel tanks are considered to be a safer option than metal fuel tanks in crashes because they are seamless and not prone to failure in the seam areas,” says Faisal Ghaus, Vice President of Technavio.
The report also discusses the advances in technology that have led to new designs in powertrains, thereby influencing the shape and capacity of fuel tanks in automobiles.
“In the present market, a plastic diesel tank for a heavy commercial vehicle is made by one supplier and a different-sized plastic passenger vehicle tank by another, which requires buyers to use different suppliers for different types of tank. However, with the introduction of advanced manufacturing techniques, buyers will not face this problem,” explains Ghaus.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
