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.
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.
Global Automotive Fuel Tank market report covers prominent players like
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.
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
Middle East and Africa
• Saudi Arabia
• South Africa
• Rest Of MEA
|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|
|Key Players/Companies||Kautex, Magna, TI Automotive Inc, Lyondell Basell, Yachiyo, Aethra, Allgaier Automotive, Boyd Welding, Donghee, Martinrea International, Munjal Auto Industries, Plastic Omnium, Robertson Fuel Systems, Spectra Premium, Rasandik, Unipres, VITEC, Walbro, Manchester Tank, Hyundai motors, YAPP Automotive Parts, Posco co. Ltd.|
|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|