Automobile Fuel Tanks Market Top Players, Global Trends,

Business Opportunities, and Industry Forecast till 2023

“Rising sales of sports, utility, and luxury vehicles is

anticipated to boost market growth over the forecast period.
Increasing demand from heavy-duty vehicles that increasingly
utilized for farming & building activities coupled with rising
population levels across the globe are expected to foster
market demand in the near future.”

The global automobile fuel tanks market is expected to display higher growth rate in the upcoming years
owing to the robust growth automotive industry in North America and Asia pacific region. Rising sales of
sports, utility, and luxury vehicles is anticipated to boost market growth over the forecast period. Increasing
demand from heavy-duty vehicles that increasingly utilized for farming & building activities coupled with rising
population levels across the globe are expected to foster market demand in the near future. Globally, market
is predicted to generate massive revenue over the forecast period, providing numerous opportunities for
industry participants to invest in research and development of automobile fuel tanks market.

Automobile fuel tanks are used to store flammable fluids including petrol and diesel. Capacity of the
automobile fuel tanks varies as per vehicle type, manufacturers and engine requirement. Automobile fuel
tanks acts as a safe container for flammable fluids, the fuel is propelled through fuel pumps or released via
pressurized gas into an engine. Automobile fuel tanks are manufactured by using metal sheets of steel or
aluminum, which are molded as per requirement. Plastic high-density polyethylene (HDPE) fuel tanks are also
gaining traction in the global market owing to their cost efficiency and easy raw materials availability.

Furthermore, rising demand for luxury and high-tech vehicles is expected to propel the market growth in the
forecast period. The adoption of modern-day electronic techniques and devices to open and close fuel tanks
has made the automotive systems more reliable, accurate, and fuel-efficient. Growing competition in
automotive sector with substantial increase in the number of automotive original equipment manufacturers
(OEMs), dealers, and additional stakeholders inside the supply chain are anticipated to drive market growth in
the upcoming years.
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The automobile fuel tank market is broadly categorized into two major segments based on the product type
such as metal fuel tanks and plastic high-density polyethylene (HDPE) fuel tanks. Metal fuel tanks segment is
growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of
metal fuel tanks segment is attributed to the increasing product penetration in the global market.

The automobile fuel tank market is divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in the recent years owing to the rise in implementation of
latest technologies in automotive sector, surge in number of research & development activities and existence
of well-established industrial infrastructure in the region. In European region, Germany, France, and United
Kingdom are projected to witness steady growth over the coming years.

Asia-Pacific region is estimated to hold a major share in the automobile fuel tanks market with massive growth
in the forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with
robust growth automotive industry, rising personal disposable income, higher demand for luxury vehicles, and
significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the automobile fuel tanks market are Continental Corp., Kautex Textron Co., LyondellBasell
Industries N.V., Magna, TI Automotive Inc., Yachiyo Industry Co., Ltd., Aethra, Inc., Allgaier Automotive GmbH,
Boyd Welding LLC, and Dali & Samir Engineering Co.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue
(M USD), market share and growth rate of Automobile Fuel Tanks in these regions, from 2012 to 2023
(forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Automobile Fuel Tanks market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
• Inergy
• Kautex
• TI Automotive
• Yachiyo
• Hwashin
• YAPP
• Martinrea
• Suguang
• Luzhou North Chemical
• Chengdu Lingchuan
• Shunrong
• Futaba
• FTS
• Wanxiang Tongd

On the basis of product, this report displays the production, revenue, price, market share and growth rate
of each type, primarily split into
• Iron Fuel Tanks
• Aluminum Alloy Fuel Tanks

On the basis on the end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of Automobile Fuel Tanks for
each application, including
• Commercial Vehicles
• Passenger Vehicles
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