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Automotive Fuel Tank Market Size & Share, by Material Type (Ferroalloys, Aluminum Alloys, Plastics), Capacity (Less Than 45 Liters, Between 45-70 Liters, Above 70 Liters), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) - SWOT Analysis, Competitive Strategic Insights, Regional Trends 2025-2037

  • Report ID: 528
  • Published Date: Jan 17, 2025
  • Report Format: PDF, PPT

Global Automotive Fuel Tank Market Trends, Forecast Report 2025-2037

Automotive Fuel Tank Market size is expected to grow from USD 18.88 billion to USD 35.88 billion, reflecting a CAGR of more than 5.2% during the forecast period, between 2025 and 2037. In the year 2025, the industry size of automotive fuel tank is evaluated at USD 19.65 billion.

The market growth can be ascribed to growing demand for vehicles along with the rising demand for automotive fuel tanks amongst vehicle manufacturers worldwide. For instance, the global sales of vehicles in 2021 reached more than 82 million.

An automotive fuel tank is an important component of the fuel system in an internal combustion engine. A tank is used to store motor fuel such as petrol, diesel, and gas. The present-day fuel tanks can be made of different advanced materials. With the recent transition in plastic fuel tanks as well as temperature tolerance, the demand for the plastic fuel tank is on the rise amongst automobile users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the market.

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Automotive Fuel Tank Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Plastic Tanks – as many automotive fuel tanks are made of laminated plastic with a barrier layer plastic that has become the main material used by manufacturers of fuel tanks. For instance, as per 2019 statistics, in Europe, and United States, 90% and 75% of all fuel tanks are made of plastic. The rising demand for plastic fuel tanks is expected to boost the automotive fuel tank market in the projected time period.
  • Increasing Penetration of Cars – for instance, globally car sales grew to over 65 million automobiles in 2021.
  • Rising Sales of Commercial Vehicles – which were found to be more than 26 million in 2021.
  • Domination of Gasoline Powered Vehicles – for instance, in the United States, the gasoline station sector recorded a gross output of about USD 101 billion in 2020.

Challenges

  • Possibility of the Fuel Tank is Deformation Owing to its Viscosity
  • Concern about Exposure of Steel and Aluminum Fuel Tanks to Temperature and Corrosion
  • Concern about Developing Efficient & Affordable Tanks

Automotive Fuel Tank Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.2%

Base Year Market Size (2024)

USD 18.88 billion

Forecast Year Market Size (2037)

USD 35.88 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automotive Fuel Tank Segmentation

Material Type (Ferroalloys, Aluminum Alloys, Plastics)

The plastics segment is poised to garner majority automotive fuel tank market share by the end of 2037, backed by growing penetration of plastic fuel tanks owing to a variety of forms and configurations and easy installation along with surge in the sales of trucks worldwide. For instance, in 2020, more than 2.5 million trucks were sold in United States.

Our in-depth analysis of the global automotive fuel tank market includes the following segments:

        By Material Type
  • Ferroalloys
  • Aluminum Alloys
  • Plastics

         By Capacity
  • Less Than 45 Liters
  • Between 45-70 Liters
  • Above 70 Liters

         By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

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Automotive Fuel Tank Industry - Regional Synopsis

The Asia Pacific region is expected to hold largest market share by the end of 2037, backed by presence of a strong automobile network in the region, increasing sale of vehicles as well as the growing production of vehicles, along with surge in the demand for automotive fuel tanks amongst the vehicle producers. China produced and sold more than 2.6 million vehicles and around 2.6 million vehicles, respectively in September 2022.

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Companies Dominating the Automotive Fuel Tank Landscape

    • Toyoda Gosei Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • TI Fluid Systems plc
    • Compagnie Plastic Omnium SE
    • Yachiyo Industry Co., Ltd.
    • Benteler International AG
    • Unipres Corporation
    • Kautex Textron GmbH & Co. KG
    • Magna International Inc.
    • Visteon Corporation
    • Yapp Automotive Systems Co., Ltd.

In the News

  • Toyoda Gosei Co., Ltd. - contributed to lighter vehicle weight by developing a cutoff valve with a novel structure. The cutoff valve was used on the new Land Cruiser from Toyota Motor Corporation.
  • TI Fluid Systems plc - announced that it will supply the thermal coolant fluid carrying systems for the new 2021 Jeep Wrangler 4xe plug-in hybrid.

Author Credits:  Saima Khursheed


  • Report ID: 528
  • Published Date: Jan 17, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive fuel tank is evaluated at USD 19.65 billion.

The automotive fuel tank market size was valued at USD 18.88 billion in 2024 and is expected to exceed USD 35.88 billion by the end of 2037, registering over 5.2% CAGR during the forecast period i.e., between 2025-2037. Increasing sales of motor vehicles including cars and commercial vehicles along with rising demand for plastic fuel tanks will propel the market growth.

Asia Pacific is poised to dominate majority industry share by 2037, driven by presence of a strong automobile network in the region, increasing sale of vehicles as well as growing production of vehicles along with a surge in the demand for automotive fuel tanks amongst the vehicle producers.

The major players in the market include Toyoda Gosei Co., Ltd., TI Fluid Systems plc, Compagnie Plastic Omnium SE, Yachiyo Industry Co., Ltd., Benteler International AG, Unipres Corporation, Kautex Textron GmbH & Co. KG, Magna International Inc., Visteon Corporation, Yapp Automotive Systems Co., Ltd.
Automotive Fuel Tank Market Report Scope

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