The collapsible fuel tank global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Collapsible Fuel Tank Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The collapsible fuel tank market size has grown strongly in recent years. It will grow from $1.45 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increased demand for portable fuel storage solutions, growth in the automotive and motorsports industry, adoption of collapsible fuel tanks in emergency response and disaster relief, advances in material technology for durable and flexible fuel tank designs, expansion of the aviation industry.
The collapsible fuel tank market size is expected to see strong growth in the next few years. It will grow to $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to growth in the marine industry, increasing adoption of collapsible fuel tanks in off-road and recreational vehicles, expansion of the renewable energy sector, adoption of collapsible fuel tanks in remote and off-grid power generation, surge in demand for collapsible fuel tanks in the aerospace sector. Major trends in the forecast period include development of lightweight and space-saving collapsible fuel tank designs, integration of smart technologies for fuel level monitoring and management, emphasis on eco-friendly and recyclable materials in collapsible fuel tank production, customization of collapsible fuel tanks for specific industry requirements, collaboration between fuel tank manufacturers and end-users .
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Scope Of Collapsible Fuel Tank Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Collapsible Fuel Tank Market Overview
Market Drivers –
Rising demand for electric vehicles is expected to propel the growth of the collapsible fuel tank market going forward. Electric vehicles refer to vehicles that use electricity to improve vehicle efficiency. Fuel tanks for extended-range electric vehicles need to be able to endure high vapor pressures allowing optimization of the vehicle’s full electric operating range driving mode, as a result, rising demand for electric vehicles increases the demand for collapsible fuel tank market. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales set a new high in 2021, climbing by 4%. Sales nearly doubled to 6.6 million compared to 2020, increasing the total number of electric vehicles on the road to 16.5 million. Therefore, rising demand for electric vehicles is driving the collapsible fuel tanks market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The collapsible fuel tank market covered in this report is segmented –
1) By Type: Small Capacity, Medium Capacity, Large Capacity
2) By Fabric Material: Polyurethane, Composite Material
3) By End User: Agriculture, Mining, Military Application, Commercial, Other End Users
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Regional Insights –
North America was the largest region in the collapsible fuel tank market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the collapsible fuel tank market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the collapsible fuel tank market report are Meggitt PLC, GTA Containers Inc., Aero Tec Laboratories Ltd., Amufuel, MPC Containment International LLC, Splash Containment, Turtle-Pac, AeroControlex, Western Global, Fawcett Christie Hydraulics Ltd., Ready Containment LLC, Krampitz Tanksystem GmbH, Flexi Tank Systems, Desert Plastics, Liquid Containment Pty Ltd, Waterplex Pty Ltd, SEI Industries Ltd., Fol-Da-Tank Company, Piusi SpA, Chem-Tainer Industries, Custom-Pak Inc., Rain for Rent, Husky Portable Containment, Megaflex Ltd., Space Bladder, Cepco Tool Company Inc., ReadyH2 Products Inc., Fleximake Pty Ltd, Plastica Alfa Srl, Interstate Products Inc.
1. Executive Summary
2. Collapsible Fuel Tank Market Report Structure
3. Collapsible Fuel Tank Market Trends And Strategies
4. Collapsible Fuel Tank Market – Macro Economic Scenario
5. Collapsible Fuel Tank Market Size And Growth
…..
27. Collapsible Fuel Tank Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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