Automotive Fuel Tank Market Research Report- Forecast to 2027

Automotive Fuel Tank Market Report Information, segmented by Material (Plastic, Steel & Aluminum), Capacity (<45L, 45L-70L & >70L), Vehicle Type (Passenger Car, and Commercial Vehicle), and region (North America, Europe, Asia Pacific, and ROW) | Forecast 2027

ID: MRFR/AM/4119-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2015-2023 to 2020-2027. Cordially fill the sample form for updated data.

 Automotive Fuel Tank Market Scenario:


Automotive Fuel Tank Market is predicted to grow at approximately 5.65% CAGR, by 2027.


The factors that are responsible for the growth of automotive fuel tank market are growth in the automotive industry, innovation in fuel tank technology, an increase in sales of passenger and commercial vehicles in emerging economies, increase safety, and others. The increase in sales of passenger and commercial vehicles will result in growing demand for fuel tanks in vehicles. The Passenger car segment is expected to dominate the market as compared to the commercial vehicle, due to which there will be an increase in demand for fuel tank capacity ranging from 45L to 70L. The manufacturers of fuel tanks, make use of materials that are sustainable and provide durability, and will result in increased safety of the passenger. The increased safety of fuel tank will result in the growth of the market in future.


Key Players


The key players in automotive fuel tank market are Plastic Omnium Group (France), Kautex Textron GmbH & Co. KG. (Germany), YAPP Automotive Parts Co. Ltd. (China), TI Automotive Inc. (U.K.), Magna International (Canada), Unipres Corporation (Japan), Continental (Germany), Lyondell Basell (Netherlands), Yachiyo (Japan), Allgaier Automotive (Germany), Boyd Welding (Florida), Dali and Samir Engineering (India), Martinrea International (Canada), Posco co. Ltd (South Korea), Baosteel group corporation (China).


MarketSegmentation


The automotive fuel tank market is segmented based on material, capacity, and vehicle type. By material, the market is segmented based on plastic, steel & aluminum. Aluminum is expected to dominate the market during the forecast period due to the lightweight property of the material. The use of aluminum will reduce the overall weight of the vehicle which will increase the fuel efficiency. In emerging economies, people tend to prefer vehicles that provide increase fuel efficiency. The use of aluminum in fuel tank will result in increased efficiency and drive the growth of the market in future. By capacity, the market is segmented into <45L, 45L-70L & >70L. 45L-70L capacity is expected to dominate the market in future due to the increase installation of 45L-70L capacity fuel tank in the passenger cars.


 Automotive Fuel Tank Market


By region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period because OEM in emerging economies are majorly focusing on the production of lightweight component which will increase the efficiency of the vehicle. Many manufacturers are using aluminum in the production of fuel tank to reduce the overall weight of the vehicle. The increase in demand for lightweight fuel tank in emerging economies will result in the growth of the market. North America is expected to be the second largest market due to growing concern for safety among the customers. People are more inclined towards buying vehicle with advanced safety features. The growing demand for advanced safety technology will result in the growth of the market. The Europe region is expected to be the third largest market due to increase in production of commercial vehicles. In Europe, Germany is expected to dominate the market during the forecast period.


Fuel Tank is used to store flammable fluid in the vehicle. It is majorly applied to the part of the engine where it is stored and propelled and released into the engine. The size of the fuel tank varies depending on the vehicle type. The fuel tank can range in different size from small plastic tank to multi-chambered tank. The major uses of fuel tank are filling, storage of fuel, venting, feeding in the engine, and others. The size and capacity of the fuel tank determine the efficiency of the vehicle. A larger fuel tank will increase the travel distance but occupy more space and increases the overall weight of the vehicle. Due to this, the design of fuel tank is made considering the trade-off design of the vehicle. The capacity of fuel tank varies depending on the type of vehicle manufactured. Fuel tanks are manufactured in various capacities such as <45L, 45L-70L & >70L. The compact car fuel tank capacity varies from 45L-70L while heavy-duty vehicle fuel tanks comes in more than 70L capacity. The material used in the manufacture of fuel tanks is carried out carefully, keeping the weight of the tank in consideration. Various materials such as plastic, steel, and aluminum are used in the manufacturing of fuel tank. Aluminum is the most widely used due to lightweight capability.


The report for Global Automotive Fuel Tank Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   Substantial CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By End Market, By Application, By Vehicle type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Plastic Omnium Group (France), Kautex Textron GmbH & Co. KG. (Germany), YAPP Automotive Parts Co. Ltd. (China), TI Automotive Inc. (U.K.), Magna International (Canada), Unipres Corporation (Japan), Continental (Germany), Lyondell Basell (Netherlands), Yachiyo (Japan), Allgaier Automotive (Germany), Boyd Welding (Florida), Dali and Samir Engineering (India), Martinrea International (Canada), Posco co. Ltd (South Korea), Baosteel group corporation (China).
  Key Market Opportunities   Innovation in fuel tank technology
  Key Market Drivers

  • growth in the automotive industry
  • Increase in sales of passenger and commercial vehicles


  • Frequently Asked Questions (FAQ) :


    The presence of OEMs in the APAC region is forecasted to reinforce the region in the forecast period.

    The robust income potential of the market is estimated to diversify favorably in the coming years.

    A 5.65% CAGR is projected to open up new areas for growth in the forecast period.

    Continental (Germany), Lyondell Basell (Netherlands), Allgaier Automotive (Germany), Unipres Corporation (Japan), and Yachiyo (Japan) are the contenders in the market.

    The advance in fuel tank technology is projected to enhance the market share in the forecast period.