Automotive Fuel Tank Market

Global Automotive Fuel Tank Market is valued at USD 16.51 Billion in 2021 and expected to reach USD 21.44 Billion by 2028 with a CAGR of 3.80% over the forecast period.

Scope of Automotive Fuel Tank Market

Automotive fuel tank is a vessel which is used to store inflammable liquid in the vehicle. It is attached near to the engine from which the liquid is released in the engine and the size and capacity of fuel tank changes from vehicle to vehicle. Fuel tank is mainly used for the venting, fuel storage, feeding and others. So, during the study of Global Automotive Fuel Tank market, we have considered Automotive Fuel Tank material and fuel type to analyze the market.

Global Automotive Fuel Tank Market report is segmented on the basis of fuel tank type, capacity, vehicle type and by regional & country level. Based upon fuel tank type, global Automotive Fuel Tank Market is classified as plastic, steel and aluminum. Based upon capacity type, global Automotive Fuel Tank Market is classified as <45L, 45L-70L, and >70L. Based upon vehicle type, global Automotive Fuel Tank Market is classified as Passenger Cars, Heavy Trucks, Buses & Coaches, and Commercial Vehicles.

The regions covered in this Automotive Fuel Tank Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Automotive Fuel Tank is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players Analysis

Global Automotive Fuel Tank market report covers prominent players like

• Boyd Corporation
• FTS Co., Ltd.
• Hwashin America Corporation
• Kautex Textron GmbH & Co. KG
• Kongsberg Automotive
• Magna International Inc.
• Martinrea International Inc.
• Plastic Omnium
• Posco International Corporation
• SMA Serbatoi S.p.A.
• TI Fluid Systems
• Unipres Corporation
• Yachiyo Industry Co., Ltd.
• YAPP Automotive Parts Co., Ltd.
• Others

Market Dynamics 

The commercialization and growth of global Automotive Fuel Tank market over the past 25 years has been highly impactful. One of the major factors driving the growth of automotive fuel tank market over the forecast period is increase in automotive industry which has increased the demand for automotive fuel tank. As per International Trade Administration 2017 report, U.S. light vehicle sales reached 17.1 million in 2017 and exported almost 2 million new light vehicles and almost 130,000 medium and heavy trucks to more than 200 markets. There are various research and development are going on which is expected to innovate new technologies this in turn increased the demand for metal and plastic fuel tank. This will help to deal with harsh climatic conditions. Various new features of fuel tanks such as anti corrosive, self sealing, several layers for protection and others are expected to fuel the growth of automotive fuel tank market. However, heavy weight, high cost, packaging are expected to hamper the growth of automotive fuel tank market.

Automotive Fuel Tank Segmentation

By Material Type

• Plastic
• Metal
• Composite

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Two-wheelers

By Fuel Type

• Gasoline
• Diesel
• Alternative Fuels (e.g., CNG, LNG)

By Capacity

• Less than 45 liters
• 45-75 liters
• More than 75 liters

By Sales Channel

• OEMs (Original Equipment Manufacturers)
• Aftermarket

Regional & Country Analysis

North America
• U.S.
• Canada

Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific
• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America
• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 16.51 Billion
Base year considered	2021
Forecast Period CAGR %:	3.80%
Market Size Expected in 2028:	USD 21.44 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Boyd Corporation, FTS Co., Ltd., Hwashin America Corporation, Kautex Textron GmbH & Co. KG, Kongsberg Automotive, Magna International Inc., Martinrea International Inc., Plastic , mnium, Posco International Corporation, SMA Serbatoi S.p.A., TI Fluid Systems, Unipres Corporation, Yachiyo Industry Co., Ltd., YAPP Automotive Parts Co., Ltd. and Others
Segments Covered	By Fuel Tank Type , By CapacityType , By Vehicle Type
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa