Global Fuel Tank Market Estimated $40.86 Bn by 2026 | A report by Plastic Omnium, Westport Fuel Systems, Martinrea International, Kautex, TI Automotive, TOYODA GOSEI and others

Global Fuel Tank Market is expected to rise from its initial estimated value of USD 24.08 billion in 2018, to a projected value of USD 40.86 billion by 2026, registering a CAGR of 6.83% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in demand for vehicles and increase in production of various types of automotive vehicles.

Value chain analysis helps analyze major raw materials, major equipment, manufacturing processes, customer analysis, and major Fuel Tank distributors. Due to the growing demand at the end user level, the Fuel Tank market is expected to see progress during the forthcoming period of 2019 to 2026.In 2019-2026, the Fuel Tank market will establish monumental growth. The report includes a comprehensive statistical analysis, market share, company performance, historical analysis from 2012 to 2018, volume, revenue, YOY growth rate and 2026 CAGR forecast. In recent years, it also provides explicit information on fusions, acquisitions, joint ventures and other significant market activities. The report also provides Porter analysis, PESTEL analysis and market attractiveness in order to better understand the market scenario at the macro and micro level. The report also includes a detailed description, a competitive scenario, a wide range of market leaders, and competitor-led business strategies with their SWOT analysis.

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Key Market Competitors:

  • Plastic Omnium
  • Westport Fuel Systems Inc.
  • Martinrea International Inc.
  • Kautex
  • TI Automotive
  • TOYODA GOSEI Co., Ltd.
  • Magna International Inc.
  • Kongsberg Automotive
  • Yachiyo Industry Co.,Ltd.
  • Unipres Corporation
  • Continental AG
  • FTS CO.,LTD.
  • SMA Serbatoi S.p.A.
  • Baosteel Group Hu and Spectra Premium

Key Developments in the Market:

In January 2019, TI Automotive announced the launch of an innovative blow-molded plastic based fuel tank for Karma Automotive’s electric vehicles. The technology on which the product is based allows for the product to survive the high pressure created in extended range electric vehicles (EREVs).

In December 2018, TI Automotive announced the launch of high-performance capable fuel systems products at the “31st Annual Performance Racing Industry Trade Show” held in Indianapolis, United States from December 6-8, 2018. The various products exhibited at the show are expected to increase the overall performance of the vehicles.

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Market Drivers:

  • Increasing innovations in technology and development of sustainable and durable materials used in the production of fuel tanks is expected to act as a driver for the market growth
  • Increase in the demand and overall production of automotive vehicles have resulted in growth of demand for fuel tanks; this factor is expected to act as a driver for the growth of the market

Table Of Content: Global Fuel Tank Market

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Fuel Tank Market Landscape
Part 04: Global Fuel Tank  Market Sizing
Part 05: Global Fuel Tank Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis


Market Restraint:

  • Increasing concerns regarding the environment and stringent regulations have resulted in adoption of electric vehicles; this factor is expected to act as a restraint to the market growth



  • Plastic
  • Metals

By Capacity

  • Less than 15L
  • 15-45L
  • 45-70L
  • Greater Than 70L

By Fuel Type

  • Conventional Fuel
  • Alternative Fuel

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • Sales Channel


  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Competitive Analysis:

Global fuel tank market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fuel tank market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry. Speak to Author



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