30 Nov -0001
Rockville, Md. The global market for automotive fuel tanks, valued at US$ 24.0198 Bn in 2017, is set to move past US$ 30 Bn by the end of 2022 on what Fact.MR describes as robust growth through the forecast period. Rising middle-class incomes in China and India have put more vehicles on the road, and each one carries a tank that manufacturers are increasingly building from lighter, cleaner materials.
Plastic has become the material of choice, passenger cars account for the bulk of demand, and factory fitment through OEM dominates the route to market. Asia Pacific excluding Japan leads by region. Beneath those headline positions, the faster-moving pockets sit elsewhere, with above 75 L tanks, heavy commercial vehicles and the aftermarket all growing quickly from a smaller base.
Plastic is reshaping the category. Sport utility vehicles, sedans and multi-purpose vehicles have adopted plastic tanks at scale, and the material is set to account for close to US$ 28 Bn in revenue by 2022 while posting the highest growth rate. Aluminum follows with the second-fastest CAGR. Capacity tells a two-sided story. The 45 to 75 L class holds more than half the market in 2017 and remains the mainstream choice, yet tanks above 75 L are expanding fastest as larger vehicles gain ground.
Passenger cars dominate by vehicle type, holding around three-fourths of the 2017 market and generating an absolute opportunity of nearly US$ 8 Bn between 2017 and 2022. Heavy commercial vehicles, though smaller, post the highest CAGR, while light commercial vehicles carry higher demand than heavy trucks across the period. By channel, OEM stays firmly dominant and is set to surpass US$ 30 Bn in revenue by 2022, holding more than three-fourths of the market in 2017. The aftermarket grows fastest but from a much smaller share.
Asia Pacific excluding Japan remains the leading region. North America and Europe together are expected to reach US$ 7.8852 Bn by 2022, while Japan and the Middle East and Africa stay sluggish.
Two forces are moving in the same direction. Rising vehicle ownership across emerging economies is enlarging the installed base, and at the same time manufacturers are switching to environment-friendly designs to meet tighter rules on hazardous materials. That combination favours plastic, which is lighter, easier to shape around modern vehicle architectures, and better suited to emissions and efficiency goals than older metal tanks.
Competition is concentrated among specialist tank makers and large tier-one suppliers with plastics expertise.
For suppliers, plastics capability and OEM relationships are the clearest levers for growth. Investors get a market with dependable, production-led demand and a structural shift toward lighter materials. Procurement teams can plan around OEM channels dominating supply, plastic tanks becoming the default, and Asia Pacific carrying the largest volume through 2022.
Fact.MR's study covers the global automotive fuel tank market for the 2017 to 2022 forecast period, with segmentation by material, capacity, vehicle type, sales channel and region. It sizes each segment, maps the competitive field, and weighs the regulatory and economic forces shaping demand. Further detail is available in the automotive fuel tank market report.
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.
Automotive Fuel Tank Market
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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are known for our syndicated research, custom research, and consulting solutions.