Automotive Fuel Tank Market Report 2026

The automotive fuel tank market size has grown strongly in recent years. It will grow from $21.39 billion in 2025 to $22.87 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of passenger car production, steel tank dominance, fuel storage regulations, vehicle safety standards, growth in commercial vehicles.

The automotive fuel tank market size is expected to see strong growth in the next few years. It will grow to $29.91 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to ev penetration impact on tank design, demand for lightweight vehicles, advanced evaporative emission control, modular tank designs, regulatory compliance. Major trends in the forecast period include shift toward plastic fuel tanks, integration of advanced safety features, demand for lightweight fuel storage, growth of large-capacity tanks, improved fuel vapor management.

The rising demand for passenger cars has contributed to the growth of the automotive fuel tank market. Passenger cars are vehicles designed primarily for transporting passengers, typically having four wheels and seating capacity of up to eight occupants. The passenger car industry has experienced significant growth, showing steady progress in production volumes, domestic sales, and exports. For example, in March 2024, according to a report published by the European Automobile Manufacturers' Association (ACEA), a Belgium-based automobile industry standards organization, global passenger car production exceeded 76 million units in 2023, representing a 10.2% increase compared to the previous year. Hence, the increasing demand for passenger cars is driving the growth of the automotive fuel tank market.

Major companies operating in the automotive fuel tank market are increasingly focusing on the development of innovative solutions, such as advanced plastic fuel tanks, to improve performance, efficiency, and compliance with evolving vehicle requirements. Plastic fuel tanks are fuel storage components manufactured using plastic materials and play a critical role in storing and supplying fuel to the engine as part of the vehicle’s fuel system. For instance, in March 2024, Eaton Corporation plc, a U.S.-based provider of electrical components, aerospace systems, and mobility solutions, launched its next-generation fuel tank isolation valve (FTIV) for hybrid vehicles. This solution is designed to regulate pressure within the fuel tank, particularly when vehicles operate in electric mode, and to ensure safe refueling by preventing fuel spit-back. The valve supports improved hybrid vehicle performance by reducing component weight and size, enabling flexible installation across different tank configurations. Additionally, it contributes to enhanced fuel efficiency and lower emissions, aligning with the increasing adoption of hybrid technologies in the automotive sector.

In April 2025, ABC Technologies, a Canada-based provider of engineered technical plastics and lightweight solutions for the light vehicle industry, acquired TI Fluid Systems for an undisclosed amount. Through this acquisition, ABC Technologies aims to strengthen its automotive fluid system capabilities and support a propulsion-agnostic portfolio across conventional, hybrid, and electric vehicle platforms. TI Fluid Systems is a U.S.-based manufacturer of automotive fuel system components, including fuel tanks.

Major companies operating in the automotive fuel tank market report include Kautex Textron GmbH & Co. KG, Plastic Omnium Group, Yapp Automotive Parts Co. Ltd., Yachiyo Industries Co. Ltd., FUTABA INDUSTRIAL CO. LTD., Martinrea International Inc., Benteler International AG, Donghee Industrial Co. Ltd., TI Fluid Systems, Unipres Corporation, Fuel Total Systems Co. Ltd., SMA SERBATOI SPA, Spectra Premium Inc., Boyd Welding, Yeedah Composite Material Co. Ltd., FTS India Private Limited, Magna International, Toyoda Gosei Co. Ltd., Continental AG, Martin Metal Manufacturing.

Asia-Pacific was the largest region in the automotive fuel tank market in 2025 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fuel tank market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive fuel tank market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive fuel tank market consists of sales of Type 1, Type 2, Type 3, and Type 4. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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