Automotive Fuel Tank Market Size

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. In the year 2025, the industry size of automotive fuel tank is evaluated at USD 19.65 billion. The growth of the market can primarily be attributed to the 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 global automotive fuel tank market during the forecast period. For instance, the present-day plastic fuel tanks operate in a temperature range from approximately – 60 °C to nearly 80 °C with local and short-duration heating up to 110 °Ð¡.