Automotive Fuel Tank Parts Market size was valued at USD 10.2 Billion in 2024 and is projected to reach USD 15.3 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
The global automotive fuel tank parts market was valued at USD 6.25 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The markets growth is attributed to the increasing demand for fuel efficient and lightweight vehicles, the expansion of electric vehicle (EV) production, and advancements in fuel tank technologies. North America held the largest market share in 2022, accounting for approximately 35% of the global revenue, owing to the presence of major automotive manufacturers and high consumer demand for advanced fuel systems. In addition, Europe and the Asia Pacific regions are expected to witness significant growth, driven by an increase in automotive production and strict emission regulations, which demand the development of high quality fuel tank components for improved fuel efficiency and safety. The Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period, with a CAGR of 6.3%. This is primarily due to the rising automotive production in countries like China, India, and Japan, coupled with an increase in consumer preference for cost effective fuel tank solutions. Furthermore, Latin America and the Middle East & Africa are projected to experience moderate growth, supported by an increasing number of local vehicle manufacturers and a surge in automotive sales. With the growing adoption of hybrid and electric vehicles, there is a rising opportunity for manufacturers to explore advanced materials and innovative technologies for fuel tank parts to cater to the evolving demands of global consumers, providing ample opportunities for market expansion across various regions.
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Magna International (Canada)
Illinois Tool Works (USA)
Plastic Omnium (France)
Toyoda Gosei (Japan)
UNIPRES (Japan)
Kyung Chang Industrial (Korea)
Tata AutoComp Systems (India)
Inergy Automotive Systems (France)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Fuel Tank Parts Market
Metal Fuel Tanks
Plastic Fuel Tanks
Composite Fuel Tanks
Gasoline Fuel Tanks
Diesel Fuel Tanks
Alternative Fuel Tanks (e.g., CNG, LPG)
Passenger Vehicles
Commercial Vehicles
Heavy-Duty Vehicles
Two-Wheelers
Small Capacity Tanks (up to 20 liters)
Medium Capacity Tanks (20 to 50 liters)
Large Capacity Tanks (above 50 liters)
Original Equipment Manufacturer (OEM)
Aftermarket
Direct Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Fuel Tank Parts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Fuel Tank Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Fuel Tank Parts Market, By Type
6. Global Automotive Fuel Tank Parts Market, By Application
7. Global Automotive Fuel Tank Parts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Fuel Tank Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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