In 2019, the global automotive fuel tank market stood around 153 million units and is expected to witness a CAGR of over 13% during 2021 - 2025. Increasing vehicle production and imposing regulation on reducing vehicle weight by governments of several countries are among the major driving factors of automotive fuel tank market across the globe. In Europe and North America, automotive manufacturers are obligated by government regulations to come up with innovative designs of vehicles to improve fuel efficiency and lower fuel consumption. These factors are expected to drive the automotive fuel tank market through 2025.

Global automotive fuel tank market is segmented into by vehicle type and by capacity. In terms of vehicle type, the market is further segmented into passenger car, commercial vehicle and two-wheeler. Passenger car segment held the largest market share in 2019 and this trend is expected to continue over the course of next five years as demand for passenger cars is increasing enormously across the globe due to growing per capita income and rising need for personal transportation.

In terms of fuel tank capacity, the market is further segmented into <15L, 15-45L, 45-70L, >70L. As of 2019, 15-45L segment dominated the market, followed by <15L segment, and this trend is expected to prevail through 2025. In terms of regional analysis, the market can be segmented into Asia-Pacific, North America, Europe, South America and Africa. Asia-Pacific is anticipated to grow at the highest rate during the forecast period due to favorable government initiatives and support, combined with increasing production of vehicles in various countries of the region. In Asia-Pacific, China dominated the global market and the country’s vehicle production is growing at an impressive rate which is further forecast to grow at rapid rate in the coming years as well.

Major players operating in the global automotive fuel tank market include Magna International Inc., Kautex Textron Gmbh & Co. KG, Plastic Omnium Auto Inergy Ltd., Yachiyo Industry Co Ltd, TI Automotive Ltd, among others.

Years considered for this report:

  • Historical Period: 2015 - 2018
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2021 – 2025

Objective of the Study:

  • To assess the demand-supply scenario of automotive fuel tank, which covers production, demand and supply of automotive fuel tanks, globally.
  • To analyse and forecast the market size of automotive fuel tank market.
  • To classify and forecast global automotive fuel tank market based on vehicle type, fuel tank capacity and regional distribution.
  • To identify drivers and challenges for global automotive fuel tank market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive fuel tank.
  • To conduct the pricing analysis for automotive fuel tank.
  • To identify and analyze the profile of leading players involved in manufacturing automotive fuel tank.

Key Target Audience:

  • Automotive fuel tank manufacturers, suppliers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to automotive fuel tank
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as automotive fuel tank manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:
In this report, global automotive fuel tank market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Vehicle Type:
  • Passenger Car
  • Commercial Vehicle
  • Two-Wheeler
Market, By Fuel Tank Capacity:
  • <15L
  • 15-45L
  • 45-70L
  • >70L
Market, by Region:
  • Asia-Pacific
  • North America
  • Europe
  • South America
  • Africa

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in automotive fuel tank.