Automotive Fuel Tank Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Automotive Fuel Tank Market in 2025 is assessed at USD 19.67 billion. The global market size was over USD 18.88 billion in 2024 and is estimated to grow at a CAGR of over 5.2%, surpassing USD 36.49 billion by 2037. Asia Pacific is poised to claim a top industry position, impelled by rising vehicle production and a robust automotive network.
The market growth can be ascribed to growing demand for vehicles along with the rising demand for automotive fuel tanks amongst vehicle manufacturers worldwide. For instance, the global sales of vehicles in 2021 reached more than 82 million.
An automotive fuel tank is an important component of the fuel system in an internal combustion engine. A tank is used to store motor fuel such as petrol, diesel, and gas. The present-day fuel tanks can be made of different advanced materials. With the recent transition in plastic fuel tanks as well as temperature tolerance, the demand for the plastic fuel tank is on the rise amongst automobile users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the market.
Automotive Fuel Tank Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Plastic Tanks – as many automotive fuel tanks are made of laminated plastic with a barrier layer plastic that has become the main material used by manufacturers of fuel tanks. For instance, as per 2019 statistics, in Europe, and United States, 90% and 75% of all fuel tanks are made of plastic. The rising demand for plastic fuel tanks is expected to boost the automotive fuel tank market in the projected time period.
- Increasing Penetration of Cars – for instance, globally car sales grew to over 65 million automobiles in 2021.
- Rising Sales of Commercial Vehicles – which were found to be more than 26 million in 2021.
- Domination of Gasoline Powered Vehicles – for instance, in the United States, the gasoline station sector recorded a gross output of about USD 101 billion in 2020.
Challenges
- Possibility of the Fuel Tank is Deformation Owing to its Viscosity
- Concern about Exposure of Steel and Aluminum Fuel Tanks to Temperature and Corrosion
- Concern about Developing Efficient & Affordable Tanks
Automotive Fuel Tank Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.2% |
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Base Year Market Size (2024) |
USD 18.88 billion |
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Forecast Year Market Size (2037) |
USD 36.49 billion |
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Regional Scope |
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Automotive Fuel Tank Segmentation
Material Type (Ferroalloys, Aluminum Alloys, Plastics)
The plastics segment is poised to garner majority automotive fuel tank market share by the end of 2037, backed by growing penetration of plastic fuel tanks owing to a variety of forms and configurations and easy installation along with surge in the sales of trucks worldwide. For instance, in 2020, more than 2.5 million trucks were sold in United States.
Our in-depth analysis of the global automotive fuel tank market includes the following segments:
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By Material Type |
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By Capacity |
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By Vehicle Type |
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Customize this ReportAutomotive Fuel Tank Industry - Regional Synopsis
The Asia Pacific region is expected to hold largest market share by the end of 2037, backed by presence of a strong automobile network in the region, increasing sale of vehicles as well as the growing production of vehicles, along with surge in the demand for automotive fuel tanks amongst the vehicle producers. China produced and sold more than 2.6 million vehicles and around 2.6 million vehicles, respectively in September 2022.
Companies Dominating the Automotive Fuel Tank Landscape
- Toyoda Gosei Co., Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- TI Fluid Systems plc
- Compagnie Plastic Omnium SE
- Yachiyo Industry Co., Ltd.
- Benteler International AG
- Unipres Corporation
- Kautex Textron GmbH & Co. KG
- Magna International Inc.
- Visteon Corporation
- Yapp Automotive Systems Co., Ltd.
In the News
- Toyoda Gosei Co., Ltd. - contributed to lighter vehicle weight by developing a cutoff valve with a novel structure. The cutoff valve was used on the new Land Cruiser from Toyota Motor Corporation.
- TI Fluid Systems plc - announced that it will supply the thermal coolant fluid carrying systems for the new 2021 Jeep Wrangler 4xe plug-in hybrid.
Author Credits: Saima Khursheed
- Report ID: 528
- Published Date: Apr 18, 2025
- Report Format: PDF, PPT
