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Global Collapsible Fuel Tank Market Size, Share, and Forecast Analysis 2025-2029
Collapsible Fuel Tank Market
What Are the Collapsible Fuel Tank Market Size Forecast for 2025?
In the past few years, the size of the collapsible fuel tank market has seen significant growth. It is projected to increase from $1.56 billion in 2024 to approximately $1.7 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. This past growth can be linked to a surge in the demand for convenient fuel storage options, expansion in both the automotive and motorsports sectors, the use of collapsible fuel tanks during emergency situations and disaster management, the progress in material science resulting in durable and flexible fuel tank models, as well as the burgeoning aviation industry.
What Is the Market Size Outlook for Collapsible Fuel Tank Until 2029?
There is an anticipation of significant expansion in the collapsible fuel tank market size in the upcoming years. The market is projected to escalate to $2.5 billion by the year 2029, with a compound annual growth rate (CAGR) of 10.2%. The augmentation in the forecast duration can be linked to the burgeoning marine industry, the rising integration of collapsible fuel tanks in off-road vehicles and recreational automobile sectors, the growth of the renewable energy industry, implementation of collapsible fuel tanks in remote locations and off-grid power generation, and an increased demand in the aerospace sector. Key trends during the forecast period encompass the evolution of lightweight and space-saving collapsible fuel tank models, smart technology integration for fuel level supervision and controlling, emphasis on sustainable and recyclable elements in collapsible fuel tank creation, tailoring collapsible fuel tanks according to specific industry needs, and alliances between fuel tank producers and end-users.
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What Are the Major Factors Driving Demand in the Collapsible Fuel Tank Market?
The collapsible fuel tank market is anticipated to grow in response to the escalating demand for electric vehicles. These vehicles incorporate electricity to enhance their efficiency. Fuel tanks in extended-range electric vehicles must withstand high vapor pressures to optimize their full electric operating range drive mode. This, in turn, fuels the necessity for collapsible fuel tanks as the demand for electric vehicles heightens. For example, the International Energy Agency reported a surge in electric car sales by 3.5 million in 2023, a year-on-year growth of 35% from 2022. In the same year, electric vehicles accounted for approximately 18% of all car sales, a significant rise from the previous year's 14%. As such, the burgeoning demand for electric vehicles is contributing to the expansion of the collapsible fuel tank market.
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How Are End-Use Segments Shaping the Collapsible Fuel Tank Market Outlook?
The collapsible fuel tank market covered in this report is segmented -
1) By Type: Small Capacity, Medium Capacity, Large Capacity
2) By Fabric Material: Polyurethane, Composite Material
3) By End User: Agriculture, Mining, Military Application, Commercial, Other End Users
Subsegments:
1) By Small Capacity: Up To 100 liters, 100 To 500 liters
2) By Medium Capacity: 500 To 1,000 liters, 1,000 To 5,000 liters
3) By Large Capacity: 5,000 To 10,000 liters, Above 10,000 liters
What Are the Strategic Trends Transforming the Collapsible Fuel Tank Market Landscape?
The prominence of product innovations is a rising trend in the collapsible fuel tank market. Major players in this market are honing their product offerings to solidify their place in the industry. For example, Interstate Products, a US provider of a variety of quality environmental, facility, storage, and safety product solutions, unveiled an enhanced flexible fuel bladder in July 2022. The company now provides portable liquid storage solutions with storage bladders that can hold substantial amounts of gasoline and water. These bladders can accommodate most diesel and jet fuels, serving as an above-ground storage tank. The firm also offers military-grade nitrile and mil-spec urethane in standard industry sizes such as 50,000, 100,000, and 210,000 gallons. There is also an option for custom-engineered solutions.
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Who Are the Prominent Companies in the Collapsible Fuel Tank Market by ?
Major companies operating in the collapsible fuel tank market include Meggitt PLC, GTA Containers Inc., Aero Tec Laboratories Ltd., Amufuel, MPC Containment International LLC, Splash Containment, Turtle-Pac, Western Global, Ready Containment LLC, Krampitz Tanksystem GmbH, Flexi Tank Systems, Desert Plastics, Liquid Containment Pty Ltd, Waterplex Pty Ltd, SEI Industries Ltd., Fol-Da-Tank Company, Piusi SpA, Rain for Rent, Husky Portable Containment, Megaflex Ltd., Space Bladder, ReadyH2 Products Inc., Fleximake Pty Ltd, Interstate Products Inc.
Which Region Is Expected to See the Highest CAGR in the Collapsible Fuel Tank Market?
North America was the largest region in the collapsible fuel tank market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the collapsible fuel tank market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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