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The global automotive fuel tank market reached a value of US$ 18.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.4 Billion by 2027, exhibiting at a CAGR of 3.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An automotive fuel tank is a component of an automobile engine system that is used to store, propel and release pressurized gas or fluid into the engine. It is also used for fuel level detection, secured filling, venting, evaporating emissions and avoiding fuel leakages. The effectiveness of a fuel tank depends upon its size, complexity and the material used for the manufacturing process. Fuel tanks are made using both metal and plastic materials. Plastic tanks are primarily used in sedans, multi-purpose vehicle (MPV) and sports-utility vehicles (SUV), and metal tanks are used in commercial and cross-passenger vehicles.
Growing industrialization along with a significant increase in the manufacturing and sales of automobiles is a key factor driving the market growth. The automotive sector in both developed and emerging countries is witnessing an expansion, supported by the increasing demand for passenger cars. Furthermore, governments across the globe are implementing regulations emphasizing on emission control and improved fuel economy, thus intensifying the production of high-quality fuel tanks. Additionally, technological advancements such as the production of self-sealing fuel tanks that can automatically seal in case of damage or leak are also catalyzing the market growth. In addition to this, manufacturers are increasingly incorporating plastic instead of the conventionally used steel and metals with the aim to make lightweight fuel tanks. Other factors such as rising disposable incomes and improving living standards are also driving the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive fuel tank market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on material type, capacity, vehicle type and distribution channel.
Breakup by Material Type:
Breakup by Capacity:
Breakup by Vehicle Type:
Breakup by Distribution Channel:
Breakup by Region:
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Plastic Omnium, Kautex Textron, Yapp Automotive, TI Automotive, Yachiyo Industries Co. Limited, Magna International, Martinrea International Inc., Unipres Corporation, Continental, Lyondell Basell, Allgaier Automotive, Boyd Welding, Dali and Samir Engineering, Posco co. Ltd, Baosteel group corporation, etc.
IMARC Group’s latest report provides a deep insight into the global automotive fuel tank market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global automotive fuel tank market in any manner.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Material Type, Capacity, Vehicle Type, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Plastic Omnium, Kautex Textron, Yapp Automotive, TI Automotive, Yachiyo Industries Co. Limited, Magna International, Martinrea International Inc., Unipres Corporation, Continental, Lyondell Basell, Allgaier Automotive, Boyd Welding, Dali and Samir Engineering, Posco co. Ltd and Baosteel group corporation |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global automotive fuel tank market was valued at US$ 18.5 Billion in 2021.
We expect the global automotive fuel tank market to exhibit a CAGR of 3.8% during 2022-2027.
Various technological advancements, such as the production of self-sealing fuel tanks that can
automatically seal in case of damage or leak, are currently driving the global automotive fuel tank
market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous
manufacturing units for automotive fuel tank.
Based on the material type, the global automotive fuel tank market has been divided into plastic,
aluminum, and steel. Among these, plastic based material exhibits a clear dominance in the market.
Based on the capacity, the global automotive fuel tank market can be categorized into less than 45
liter, 45-70 liter, and above 70 liter. Currently, 45-70 liter holds the majority of the total market
share.
Based on the vehicle type, the global automotive fuel tank market has been segmented into
passenger vehicles, LCVs, and HCVs. Among these, passenger vehicles represent the largest market
share.
Based on the distribution channel, the global automotive fuel tank market can be bifurcated into
OEM and aftermarket. Currently, OEM accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global automotive fuel tank market include Plastic Omnium, Kautex
Textron, Yapp Automotive, TI Automotive, Yachiyo Industries Co. Limited, Magna International,
Martinrea International Inc., Unipres Corporation, Continental, Lyondell Basell, Allgaier Automotive,
Boyd Welding, Dali and Samir Engineering, Posco co. Ltd, Baosteel group corporation, etc.
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