Automotive Fuel Tank Market Size and Share in 2023: A Comprehensive Overview 2031

The global automotive fuel tank market is experiencing significant growth and was valued at USD 23.2 billion in 2021. It is expected to reach USD 30.1 billion by 2030, with a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2022 to 2030. The market growth is driven by factors such as the growing automotive industry, increasing automotive production, the rising demand for lightweight vehicles, and substantial investments in the development of lightweight fuel tanks with larger capacity.

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Key players in the global automotive fuel tank market include Lyondell Basell Industries NV, Continental AG, Unipres Corporation, KAUTEX TEXTRON, Magna International, Martinrea International Inc., The Plastic Omnium, TI Fluid Systems, Baosteel Group Corporation, YAPP Automotive Parts Co. Ltd., and SMA Serbatoi S.P.A.

The objective of this study is to define the market sizes of different segments and countries in recent years and provide forecasts for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country included in the study. It provides detailed information about the driving factors, challenges, and opportunities that will shape the future growth of the market. Additionally, the report analyzes the competitive landscape, including a detailed analysis of the product offerings of key players and available investment opportunities in micro markets.

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The market is segmented by material type, vehicle type, distribution channel, and tank capacity. The material types include plastic, aluminum, and steel. Vehicle types comprise passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The distribution channels are divided into OEM (original equipment manufacturer) and aftermarket. Tank capacity is categorized as less than 45 liters, 45-70 liters, and above 70 liters.

The market is further segmented into regions, including North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia), South America (Brazil, Argentina, and Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA).

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The years considered for this study are 2017, 2020 (historical years), 2021 (base year), and the forecast period is from 2022 to 2030.

The target audience for this market study includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.

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