Global Automotive Fuel Tank Databank Market Report

Global Automotive Fuel Tank Databank Market Report

The Automotive Fuel Tank market was valued at $32,267.6 Million in 2022, and is projected to reach $59,068.0 Million by 2031 growing at a CAGR of 7.00% from 2023 to 2031. 45 to 75 LT segment is expected to be the highest contributor to this market, with $13,720.7 Million in 2022, and is anticipated to reach $25,239.3 Million by 2031, registering a CAGR of 7.05%. Up To 45 LT segment is anticipated to reach $14,157.2 Million by 2031 with the highest CAGR of 7.07%. 45 to 75 LT and Above 75 LT segments collectively expected to account for about 76.2% share of the Automotive Fuel Tank market in 2022, with the former constituting around 42.5% share. Up To 45 LT and 45 to 75 LT segments are expected to witness significant growth rates at a CAGR of 7.07% and 7.05% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 66.3% in the overall Automotive Fuel Tank market in 2022, and is anticipated to reach 66.7% by 2031.