Automotive Fuel Tank Market Trends

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

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 Trends