Press release
Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Automotive Fuel Tank Market
Automotive Fuel Tank Market
Projected Market Size and Growth Outlook for the Automotive Fuel Tank Market
The automotive fuel tank market is poised for robust growth, anticipated to reach a valuation of $29.91 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 6.9% during the forecast period. Several factors contribute to this upward trajectory, including the influence of electric vehicle (EV) penetration on fuel tank designs, increasing demand for lightweight vehicle components, advances in evaporative emission control technologies, the adoption of modular tank designs, and strict regulatory compliance requirements. Key trends expected to shape the market include a shift toward plastic fuel tanks, the integration of cutting-edge safety features, growing demand for lightweight fuel storage solutions, expansion of large-capacity tanks, and enhanced fuel vapor management systems.
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Key Players Driving the Automotive Fuel Tank Market
The competitive landscape of the automotive fuel tank market features several prominent companies including Kautex Textron GmbH & Co. KG, Plastic Omnium Group, Yapp Automotive Parts Co. Ltd., Yachiyo Industries Co. Ltd., FUTABA INDUSTRIAL CO. LTD., Martinrea International Inc., Benteler International AG, Donghee Industrial Co. Ltd., TI Fluid Systems, Unipres Corporation, Fuel Total Systems Co. Ltd., SMA SERBATOI SPA, Spectra Premium Inc., Boyd Welding, Yeedah Composite Material Co. Ltd., FTS India Private Limited, Magna International, Toyoda Gosei Co. Ltd., Continental AG, and Martin Metal Manufacturing.
A notable development occurred in April 2025, when ABC Technologies, a Canadian company specializing in custom engineered plastics and lightweight solutions for light vehicles, acquired TI Fluid Systems. This acquisition enhances ABC Technologies' capabilities in automotive fluid systems, allowing it to offer propulsion-agnostic solutions that support conventional, hybrid, and electric vehicle platforms. TI Fluid Systems, based in the US, is recognized for manufacturing various automotive fuel system components, including fuel tanks.
Current Trends Shaping the Automotive Fuel Tank Market
Leading manufacturers in the automotive fuel tank sector are increasingly focused on innovation, particularly in the development of plastic fuel tanks. These tanks, made from plastic materials, are essential components of vehicle fuel systems, designed to store and supply fuel efficiently to the engine.
For example, in March 2024, Eaton Corporation plc., a US-based firm known for its electrical components and mobility solutions, introduced its next-generation fuel tank isolation valve (FTIV) specifically designed for hybrid vehicles. This valve manages pressure within the fuel tank during electric mode operation and ensures safe refueling by preventing spit-back. It plays a critical role in optimizing hybrid vehicle performance by reducing the valve's weight and size, allowing for easier installation across different tank configurations. Additionally, this innovation supports improved fuel efficiency and lower emissions, aligning with growing demand for hybrid automotive technologies.
View the full automotive fuel tank market report:
https://www.thebusinessresearchcompany.com/report/automotive-fuel-tank-global-market-report
Detailed Segmentation of the Global Automotive Fuel Tank Market
This report segments the automotive fuel tank market by capacity, material type, and vehicle category to provide a comprehensive overview:
1) Capacity: Less Than 45 Liters, 45-70 Liters, Above 70 Liters
2) Material Type: Aluminum, Plastic, Steel
3) Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Further breakdown by capacity includes:
- Less Than 45 Liters: Compact Cars, Motorcycles, Small SUVs
- 45-70 Liters: Mid-Sized Sedans, SUVs, Light Commercial Vehicles
- Above 70 Liters: Full-Size SUVs, Trucks, Buses, Specialty Vehicles
This structured segmentation offers insights into the diverse needs of different vehicle types and fuel tank specifications, highlighting areas of growth and specialization within the market.
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