Global Automotive Fuel Tank Market Size, Trends & Growth Opportunity, By Capacity, By Material TypeBy Region and Forecast till 2027.

The global Automotive Fuel Tank market was valued at USD 16.6 billion in 2020 which expected to reach USD 21.3 billion by 2027 at a CAGR 6.66% from 2020-2027.



A fuel tank is a critical automotive component because it stores and protects the flammable fluid gas. The fuel tank is an integral part of the vehicle that is integrated with the engine and pumps fuel in the form of pressurized gas as needed. The tank shields the flammable gas from direct contact with the atmosphere and keeps the fire out of reach.

Market Drivers

The increase in vehicle production can be attributed to rising population, improved socioeconomic conditions, economic growth, and infrastructure development. An increase in middle-class disposable income, particularly in developing countries such as India and Mexico, has also contributed to an increase in vehicle production and demand. As a result of the preference for individual mobility and two wheelers being a cost effective mode of transportation, the demand for two wheelers is increasing.

Market Restraints

The Effect of an Increase in Electric Vehicle Production The increasing market penetration of electric vehicles is one of the major restraints in the fuel tank market. Rising demand for zero-emission vehicles is also expected to boost electric vehicle sales in the future. Electric vehicle technologies have become more affordable over time, with several governments encouraging the use of electric vehicles through tax breaks and other incentives.

COVID-19 Impact on the Automotive Fuel Tank Market

Due to lockdowns and shutdowns of manufacturing facilities in various parts of the world, the automotive industry faced an uncertain recovery timeline as a result of the pandemic. During COVID-19, the automotive industry faced four major challenges: a limited supply of vehicle parts, lower sales of new vehicles, the closure of production facilities, and a decrease in working capital. Because the automotive fuel tank market is dependent on vehicle production, the outbreak is expected to have an impact on this market. However, according to various industry experts, the recovery may regain momentum by the second half of 2021 as demand for passenger cars, LCVs, and HCVs increases, while subsequent growth in two-wheeler sales across regions is observed in 2021, which will boost the recovery.

Market Segmentation

The Global Automotive Fuel Tank Market is segmented into Product. By Capacity such as Less than 45 liter, 45-70 liter, above 70 liter. By Material Type Plastic, Aluminum, Steel.

Regional Analysis

Global Automotive Fuel Tank Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Automotive Fuel Tank market. The rising demand for passenger vehicles in countries such as China, India, Japan, and South Korea China is the world's largest automaker. The commercial vehicle market in India is rapidly expanding and contributes significantly to the country's GDP. Furthermore, growing industrialization and improved infrastructure developments in the Asia Oceania region are propelling the growth of commercial vehicles. In addition, vehicle manufacturing and production are expanding rapidly as a result of FDIs flowing into countries such as Thailand, Malaysia, and Vietnam. As vehicle production has increased, so has demand for automotive fuel tanks in Asia and Oceania.

Key Players

Various key players are listed in this report such as The Plastic Omnium Group, Textron - Kautex , Yapp , TI Fluid Systems, Yachiyo , Unipres Corporation , Magna International and FTS - Fuel Total Systems , SMA Serbatoi S.p.A. , SRD Holdings Limited.

Market Taxonomy

By Capacity

• Less than 45 liter
• 45-70 liter
• Above 70 liter

By Material Type

• Plastic
• Aluminum
• Steel

By Region

• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Automotive Fuel Tank Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?