DUBLIN--(BUSINESS WIRE)--The "Global 2-Wheeler Fuel Tank Market Report by Capacity, Application, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global 2-wheeler fuel tank market size reached US$ 3.3 Billion in 2023. Looking forward, the market is projected to reach US$ 3.9 Billion by 2032, exhibiting a growth rate (CAGR) of 1.87% during 2023-2032.
The increasing demand for compact mobility solutions, the rising popularity of 2-wheeler vehicle rental services, and the growing demand for fuel-efficient vehicles represent some of the key factors driving the market.
A 2-wheeler fuel tank is a container that holds the gasoline or other fuel of a vehicle, such as a motorcycle or a scooter. It is made of metal-like aluminum or steel and located at the center or rear of the vehicle. It is capable of holding a large amount of fuel for facilitating longer trips without refueling. It is also durable and can withstand the wear and tear of regular use. At present, rising sales of electric two-wheeler vehicles like e-bikes on account of rapid urbanization and inflating income levels of individuals is catalyzing the demand for 2-wheeler fuel tank across the globe.
Asia Pacific was the largest market for 2-wheeler fuel tanks. Some of the factors driving the Asia Pacific 2-wheeler fuel tank market included the growing demand for two-wheelers, rising disposable income, favorable government regulations, technological advancements, and a strong motorcycle culture.
Some of the companies covered include Dee India Overseas LLC, Goshi Giken Co. Ltd. (Yachiyo Industry Co. Ltd.), Harley-Davidson Inc., Royal Enfield (Eicher Motors Limited), Satyam Auto Components Pvt. Ltd., Vintage Bike Zone, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
2-Wheeler Fuel Tank Market Trends
The increasing vehicle ownership and the escalating demand for compact mobility solutions like 2-wheeler vehicles currently represent one of the major factors bolstering the market growth around the world. Moreover, the rising awareness about the benefits of 2-wheeler vehicles, such as convenient travel, easy bank financing solutions, and better affordability, is favoring the market growth. In addition, governing agencies of numerous countries are imposing favorable regulations that encourage the use of two-wheeler vehicles for reducing the carbon footprint. This, coupled with the inflating prices of petrol and the growing demand for fuel-efficient and high-performance vehicles, is influencing the market positively.
Apart from this, the increasing utilization of two-wheeler vehicles by logistics companies to offer convenient and quick delivery services on account of the expanding e-commerce industry is contributing to the market growth. Furthermore, the rising traction of 2-wheeler vehicle rental services as they are affordable and convenient, along with the growing environmental concerns among individuals, is creating a positive outlook for the market. Besides this, key players operating worldwide are extensively investing in promotional activities, including celebrity endorsements, to improve the existing sales and profitability.
Leading players are also launching 2-wheeler vehicles with larger fuel tanks to improve fuel efficiency and reduce the need for frequent refueling. This, along with the rising incorporation of smart fuel management systems in 2-wheeler vehicles to improve the accuracy of fuel consumption and offer real time fuel consumption monitoring, is impelling the market growth.
Key Questions Answered in This Report
- How has the global 2-wheeler fuel tank market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global 2-wheeler fuel tank market?
- What is the impact of each driver, restraint, and opportunity on the global 2-wheeler fuel tank market?
- What are the key regional markets?
- Which countries represent the most attractive 2-wheeler fuel tank markets?
- What is the breakup of the market based on the capacity?
- Which is the most attractive capacity in the 2-wheeler fuel tank market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the 2-wheeler fuel tank market?
- What is the competitive structure of the global 2-wheeler fuel tank market?
- Who are the key players/companies in the global 2-wheeler fuel tank market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 139 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $3.3 Billion |
| Forecasted Market Value (USD) by 2032 | $3.9 Billion |
| Compound Annual Growth Rate | 1.8% |
| Regions Covered | Global |
Profiles of Key Players: Company Overview, Product Portfolio
- Dee India Overseas LLC
- Goshi Giken Co. Ltd. (Yachiyo Industry Co. Ltd.)
- Harley-Davidson Inc.
- Royal Enfield (Eicher Motors Limited)
- Satyam Auto Components Pvt. Ltd.
- Vintage Bike Zone
Key Market Segmentation
Capacity Insights:
- Less than 20 Liters
- More than 20 Liters
Application Insights:
- Scooters
- Pocket-friendly Motorcycles
- Jumbo Motorcycle
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/mw98cj
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