Automotive Fuel Tank Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 20.15 Billion |
| Market Size (2030) | USD 25.48 Billion |
| CAGR (2025 - 2030) | 4.80% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Fuel Tank Market Analysis
The Automotive Fuel Tank Market size is estimated at USD 20.15 billion in 2025, and is expected to reach USD 25.48 billion by 2030, at a CAGR of 4.8% during the forecast period (2025-2030).
Over the medium term, factors such as growing demand for lightweight vehicles due to fuel efficiency, increasing vehicle production, and rapid urbanization are expected to drive market growth. The market is experiencing growth due to the increasing demand for commercial vehicles, particularly in the logistics and construction sectors. The rise of the e-commerce industry has driven this demand.
The automotive fuel tank market has been experiencing a surge in demand due to the increasing penetration and popularity of electric vehicles. However, the growth of this market may be hindered by the rising prices of base metals like aluminum.
To reduce vehicle weight and cater to the growing demand, manufacturers worldwide are replacing metal fuel tanks with plastic ones. Plastic fuel tanks offer several advantages over metal fuel tanks, making them popular among automakers and customers. Consequently, plastic has become the most preferred material for building fuel tanks.
Automotive Fuel Tank Market Trends
45-70 Liters Hold Major Market Share
The majority of new vehicle models released by automobile manufacturers in the last five years have a minimum tank capacity of 45 liters due to the increasing demand for vehicles suitable for long journeys and with a greater mileage range. Additionally, larger fuel tanks help utilize the dead space available within the vehicle's chassis. The extra weight also adds to the car's stability and dynamics.
Most compact cars have a fuel tank capacity of 45 liters, while sedans usually have a capacity of 45-70 liters. On the other hand, SUVs require fuel tanks that can hold more than 70 liters of fuel. Countries like Japan, China, India, Germany, France, and Spain are experiencing an increase in demand for sedans, which means that the 45-70 liter capacity range is expected to be the largest market.
Passenger cars are becoming increasingly popular in developing countries as per capita income rises, which could positively impact the market.
Emerging economies like India are seeking better fuel alternatives for their passenger cars, such as ethanol. This move is expected to have a positive impact on market growth. The growth of the vehicle market could face some challenges due to increasing emissions regulations, the rise of electric vehicles, and the depletion of fossil fuel reserves caused by the harmful effects of internal combustion engine (ICE) vehicles on the environment.
However, in some developing countries, the lack of EV infrastructure and charging facilities could lead to the expansion of the market during the forecast period. Meanwhile, SUVs and other commercial vehicles are popular in the United States, China, and Germany, which is why these regions are expected to drive the above 70-liter market segment.
The market under consideration is expected to surge significantly in the years ahead due to the rise in disposable income in various economies and the growing usage of vehicles worldwide. The technology boom has led to advancements in low-emissions and fuel-efficient internal combustion engines, which could further boost the growth of this segment.
Asia-Pacific Dominates the Market and is Expected to Witness the Fastest Growth Rate
The Asia-Pacific automotive industry is expanding due to increasing demand for passenger cars, with China and India being the largest contributors to vehicle sales. China dominates the region in terms of auto industry throughput and automotive component production.
Leading OEMs, auto suppliers, and engine manufacturers in the region continue to maintain a steady supply of vehicles globally. In 2022, the total number of vehicles sold in China was 26,863,745 units, a 2.2% increase from the 26,274,820 units sold in 2021.
India is a significant exporter of automobiles, and with its current mobility expansion projects, it is expected to experience strong export growth shortly. Additionally, various initiatives by the Indian government and major automakers in the Indian market are expected to position India as a major player in the global automobile export market.
According to the Federation of Automobile Dealers Associations (FADA), the passenger vehicle segment achieved a new all-time high in January, retailing 393,250 vehicles and surpassing the previous record set in November 2023.
India's expertise in automobiles and auto components has propelled market growth due to a significant increase in automobile demand, leading to the emergence of more OEMs and auto component manufacturers.
Owing to the increasing sales of mini and medium-segment cars, the region is expected to play a crucial role in the overall market during the coming years.
Automotive Fuel Tank Industry Overview
Due to their developed products and a network of various automobile manufacturers, the automotive fuel tank market is highly dominated by several key players that hold major market share. These include Compagnie Plastic Omnium SA, Kautex Textron GmbH & Co. KG, YAPP Automotive Parts Co. Ltd, TI Fluid Systems, and Yachiyo Industry Co. Ltd. New material and design developments may impact market share for established and new players, which will likely to boost the market’s growth in the coming years. For instance,
- In November 2023, Toyoda Gosei Co. Ltd introduced a new high-pressure hydrogen tank and a topcoat-less hot-stamped grille in Japan. The new hydrogen tank has been introduced in the all-new Toyota Crown Sedan.
- In September 2023, Plastic Omnium SA inaugurated a new research center in South Korea, focusing on developing high-pressure tanks for hydrogen-powered fuel cell vehicles. The center's main objective is to optimize the tanks, and the research findings will be applied to the production of tanks at Wanju City in South Korea.
Automotive Fuel Tank Market Leaders
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Yachio Industry Co. Ltd
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TI Fluid Systems plc
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Fuel Total Systems LLC
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COMPAGNIE PLASTIC OMNIUM SE
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Kautex Textron GmbH & Co. KG
- *Disclaimer: Major Players sorted in no particular order
Automotive Fuel Tank Market News
- December 2023: Toyota Motor Corporation partnered with UBE Corporation to develop a new type of polyamide 6 resin called UBE NYLON 1218IU. This innovative resin is used for the plastic liner material in the high-pressure hydrogen tank of the new Toyota Crown fuel-cell vehicle (FCV). The nylon 6 resin meets the stringent requirements to prevent any hydrogen leakage in the FCV's high-pressure hydrogen tank.
- November 2023: Robert Bosch GmbH launched H2 Mobility, a new technology that includes a fuel injection system, tank system, exhaust gas treatment system, sensors, and controllers. The technology is equipped with various components, such as an ignition coil, injectors, control unit, rail, DNOX, spark plug, Pr. sensor-EGT, and throttle valve. The company provides H2E technology for long-haul trucks and offers products for different segments, including SUVs, LCVs, coaches, and heavy-duty buses.
Automotive Fuel Tank Industry Segmentation
A fuel tank is a safe storage solution for flammable and hazardous liquids such as diesel, gasoline, and petrol.
The automotive fuel tank market is segmented by capacity, material type, vehicle type, and geography. By capacity, the market is segmented into less than 45 liters, 45-70 liters, and above 70 liters. By material type, the market is segmented into plastic, aluminum, and steel. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, the market sizing has been done based on the value (USD).
| By Capacity | Less than 45 liters | ||
| 45-70 liters | |||
| Above 70 liters | |||
| By Material Type | Plastic | ||
| Aluminum | |||
| Steel | |||
| By Vehicle Type | Passenger Cars | ||
| Commercial Vehicles | |||
| By Geography | North America | United States | |
| Canada | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Rest of the World | South America | ||
| Middle East and Africa | |||
| Less than 45 liters |
| 45-70 liters |
| Above 70 liters |
| Plastic |
| Aluminum |
| Steel |
| Passenger Cars |
| Commercial Vehicles |
| North America | United States |
| Canada | |
| Rest of North America | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Rest of Europe | |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific | |
| Rest of the World | South America |
| Middle East and Africa |
Automotive Fuel Tank Market Research FAQs
How big is the Automotive Fuel Tank Market?
The Automotive Fuel Tank Market size is expected to reach USD 20.15 billion in 2025 and grow at a CAGR of 4.80% to reach USD 25.48 billion by 2030.
What is the current Automotive Fuel Tank Market size?
In 2025, the Automotive Fuel Tank Market size is expected to reach USD 20.15 billion.
Who are the key players in Automotive Fuel Tank Market?
Yachio Industry Co. Ltd, TI Fluid Systems plc, Fuel Total Systems LLC, COMPAGNIE PLASTIC OMNIUM SE and Kautex Textron GmbH & Co. KG are the major companies operating in the Automotive Fuel Tank Market.
Which is the fastest growing region in Automotive Fuel Tank Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Automotive Fuel Tank Market?
In 2025, the Asia Pacific accounts for the largest market share in Automotive Fuel Tank Market.
What years does this Automotive Fuel Tank Market cover, and what was the market size in 2024?
In 2024, the Automotive Fuel Tank Market size was estimated at USD 19.18 billion. The report covers the Automotive Fuel Tank Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Automotive Fuel Tank Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Fuel Tank in Automotive Industry Report
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