CONSTRUCTION EQUIPMENT FUEL TANK MARKET

KEY FINDINGS

• Fuel tanks are mainly made of Steel or Aluminium sheet metals and some companies prefer high-density plastics for corrosion resistance.
• Manufacturers in cold region will weatherproof the fuel tank to prevent any inconvenience at the time of usage.
• Fuel tank capacity should be >100 Litres for medium sized equipment to have a good run-time.
• Construction machinery fuel tanks require regular maintenance for any contamination because of bad weather and harsh working conditions.

INTRODUCTION

Diesel is the source of roughly 98% of energy consumed at the average job and is practically a universal expense for machines. As the construction industry changes and companies become more competitive globally, profit margins will continue to shrink for businesses that don’t find new and efficient ways to manage assets, including fuel storage. 

Proper fuel management, including fuel storage and fuel tank protects construction equipment’s fuel systems from water and other contaminants. Fuel systems operate at extremely high pressures.

When contaminants enter these systems, this will damage components and require repairs. Water can enter diesel during the transportation process and linger in the fuel.

If a storage tank becomes very cold, the water separates from the fuel and can settle at the bottom of the tank. In order to overcome this issue proper fuel tank material and fuel delivery process should be maintained, every fuel tank will undergo ISO certified quality testing procedures to ensure that all finished products meet or exceed established construction and testing requirements for government agencies.

CONSTRUCTION EQUIPMENT FUEL TANKMARKET DYNAMICS

According to current market situation OEM’s are strictly following the fuel storage regulations as per their government norms, some of the important items that should be taken care of mounted tanks, it should be engineered to withstand the dynamic forces of the moving liquid while navigating rough, unpaved roads at jobsites.

Tanks designed to comply with worldwide approvals of safety organizations, are usually the most rugged and well-designed, as they are required to pass the rigorous testing and certification dictated by the various approval bodies.

Fuel tank capacity design parameters will vary according to type of equipment and type of operations, and then the calculations are made on the basis of fuel consumption or hours of operation of machinery and also this data is helpful for estimating emissions of Non-Road Mobile source & Machinery which is based on a fuel used or hours of operation approach.

Companies are launching Duel-fuel equipment with Duel tanks, which is switchable with CNG fuel and other convectional fuel, when the CNG fuel is filled into the fuel tank with high pressure.

That pressure has to be maintained in order to supply the engine’s fuel delivery system. These types of methods will cost manufacturers comparatively more from single fuel tank.

CONSTRUCTION EQUIPMENT FUEL TANK MARKET SIZE AND FORECAST

Global Construction Equipment Fuel tank market is growing at XX% CAGR and has a market size of $XX Million in 2030.

CONSTRUCTION EQUIPMENT FUEL TANK MARKETCOMPETITIVE LANDSCAPE

Cummins unveiled its line-up of 2021 emissions-compliant on-highway engines. The coming model year represents the first phase of Greenhouse Gas (GHG) Phase 2 emissions requirements, according to the Environmental Protection Agency (EPA), the standards will achieve up to 24% lower CO2 emissions and fuel consumption with bigger fuel tank.

Pettibone’s new Telehandler features 12,000-pound lifting capacity for users working in demanding construction jobsite conditions and it has a 30-gallon fuel tank allows for a full workday without needing a refill.

Caterpillar has launched its new wheel dozer, featuring powertrain, cab and serviceability improvements and a larger fuel tank with minimum 12 hours of uptime.

CONSTRUCTION EQUIPMENT FUEL TANK MARKETCOMPANY PROFILES

• L&T
• BEML Ltd
• Mahindra Construction Equipment
• Tata Hitachi Construction Machinery
• Escorts Group
• ACE Ltd
• Liebherr Group
• Volvo CE
• CNH Industrial NV
• Wirtgen Group
• Metso Oyj
• Atlas Copco Group
• Manitou Group
• Wacker Neuson SE
• Fayat Group
• Sandvik Group
• Pon Equipment AB
• Hyundai Construction Equipment Co., Ltd.
• Caterpillar Inc
• Komatsu Ltd.
• Doosan Infracore Co. Ltd.
• Hitachi Construction Machinery Co., Ltd.
• J.C. Bamford Excavators Ltd. 
• John Deere