Automotive Fuel Tanks Market Trends, Sector Overview and Forecast to 2028

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Automotive Fuel Tanks Market Report Overview

The automotive light vehicle fuel tank market was estimated at 80 million units, recording a substantial annual growth in 2023. However, the market will decline at a CAGR of more than 1% during 2023-2028. The Asia-Pacific region led the fuel tank market in 2023.

Automotive Fuel Tanks Market Outlook, 2023-2028 (Million Units)

Automotive Fuel Tanks Market Outlook, 2023-2028 (Million Units)

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The automotive fuel tank market report provides a comprehensive overview of the automotive fuel tank market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers. Furthermore, the report evaluates strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across, regions, countries, and top applicants.

Market Size (2023) 80 million units
CAGR (2023-2028) <(1)%
Historical Period 2018-2022
Forecast Period 2023-2028
Key Sectors LPG/CNG Additional Gas Tanks, Fuel Tanks-Plastic, and Fuel Tanks-Steel
Key Regions Asia-Pacific, Europe, North America, South America, and MEA
Key Companies Plastic Omnium, Kautex Textron GmbH & Co KG, TI Fluid Systems, Steel Tank Producers, and Others
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Automotive Fuel Tanks Market Drivers

The key drivers in the automotive fuel tanks market are the regulations on CO2 emissions and the growing demand for lightweight materials.

Regulation on CO2 emissions: Regulations on CO2 emissions often include fuel efficiency standards that mandate automakers to reduce the average CO2 emissions of their vehicle fleets over time. Automotive fuel tanks play a crucial role in meeting these standards by optimizing fuel storage, delivery, and management systems to minimize fuel consumption and CO2 emissions.

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Automotive Fuel Tanks Market Segmentation by Regions

Asia-Pacific was leading the automotive fuel tanks market in 2023.

The key regions in the automotive fuel tanks market are Asia-Pacific, Europe, North America, South America, and MEA. The Asia Pacific region is a major automotive manufacturing hub, with countries like China, Japan, India, and South Korea being key players. The region has been witnessing a steady increase in vehicle production. This, in turn, is creating a significant demand for automotive fuel tanks.

Automotive Fuel Tanks Market Analysis by Regions, 2023 (%)

Automotive Fuel Tanks Market Analysis by Regions, 2023 (%)

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Automotive Fuel Tanks Market - Competitive Landscape

A few of the top companies operating in the automotive fuel tanks market are:

  • Plastic Omnium
  • Kautex Textron GmbH & Co KG
  • TI Fluid Systems
  • Steel tank producers
  • Others

Plastic Omnium develops fuel tanks using lightweight materials such as advanced plastics or composites to reduce vehicle weight and improve fuel efficiency. Plastic Omnium implements advanced manufacturing processes like blow molding or injection molding to create fuel tanks with complex shapes, optimized for space and weight savings. In August 2023, the company revealed its intentions to establish a hydrogen storage facility in Grand Blanc Township, Michigan.

Automotive Fuel Tanks Market Analysis by Companies

Automotive Fuel Tanks Market Analysis by Companies

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Automotive Fuel Tanks Market Segmentation by Sectors

In 2023, plastic fuel tanks dominated the automotive fuel tanks market

The key sectors in the automotive fuel tanks market are LPG/CNG additional gas tanks, fuel tanks-plastic, and fuel tanks-steel.

Automotive Fuel Tanks Market Analysis by Sectors, 2023 (%)

Automotive Fuel Tanks Market Analysis by Sectors, 2023 (%)

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Automotive Fuel Tanks Market - Latest Developments

A few of the latest developments in the fuel tanks market are:

  • October 2023: Westport has recently announced the successful completion of tests on their latest conformable Compressed Natural Gas (CNG) tank technology. This new tank is more lightweight and flexible, allowing it to be shaped to fit into a wider range of vehicles.

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Segments Covered in the Report

Automotive Fuel Tanks Sector Outlook (Value, Million Units, 2018-2028)

  • LPG/CNG Additional Gas Tanks
  • Fuel Tanks-Plastic
  • Fuel Tanks-Steel

Automotive Fuel Tanks Regional Outlook (Value, Million Units, 2018-2028)

  • Asia-Pacific
  • Europe
  • North America
  • South America
  • MEA


This report brings together multiple data sources to provide a comprehensive overview of the global Fuel tanks sector. It includes an analysis of the following: ​

  • Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector. ​
  • Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.​
  • PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.​
  • Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size, and growth drivers for the region.​
  • Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.​
  • Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.​

Reasons to Buy

  • Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.
  • This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
  • The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
  • The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
  • To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.

Table of Contents

  • 1. Executive Summary
  • 2. Part 1: Main Trends and Drivers

    • 2.1. Trends
    • 2.2. Drivers

  • 3. Part 2: Technologies and Innovations
  • 4. Part 3: PESTER Analysis
  • 5. Part 4: Sector Forecast

    • 5.1. Sector Forecast – Global Fuel Tank Volumes
    • 5.2. Fuel Tanks – Plastic – Global Volumes
    • 5.3. Fuel Tanks – Steel – Global Volumes
    • 5.4. LPG/CNG Additional Gas Tanks – Global Volumes
    • 5.5. Asia-Pacific Market Growth Analysis
    • 5.6. European Market Growth Analysis
    • 5.7. North American Market Growth Analysis
    • 5.8. South America Market Growth Analysis
    • 5.9. MEA Market Growth Analysis

  • 6. Part 5: Latest Developments
  • 7. Part 6: Key Companies

    • 7.1. Top Companies by Market Share – Fuel Tanks

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