Global Construction Equipment Fuel Tank Market 2020-2025

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    GLOBAL 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.

     

     

    MARKET 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.

     

    GLOBAL 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 2025.

     

    COMPETITIVE 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.

     

    COMPANY PROFILES

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
    19 Market Segmentation, Dynamics and Forecast by Application, 2020-2025
    20 Market Segmentation, Dynamics and Forecast by End use, 2020-2025
    21 Product installation rate by OEM, 2020
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2020
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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