Global Vehicle Fuel Tank Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Vehicle Fuel Tank Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A fuel tank (or petrol tank) is a safe container for flammable fluids. Though any storage tank for fuel may be so called, the term is typically applied to part of an engine system in which the fuel is stored and propelled (fuel pump) or released (pressurized gas) into an engine. Fuel tanks range in size and complexity from the small plastic tank of a butane lighter to the multi-chambered cryogenic Space Shuttle external tank.

Market Overview:

The latest research study on the global Vehicle Fuel Tank market finds that the global Vehicle Fuel Tank market reached a value of USD 13336.54 million in 2022. It’s expected that the market will achieve USD 16147.42 million by 2028, exhibiting a CAGR of 3.24% during the forecast period.

Drivers

As the population increases, disposable incomes in emerging countries increase, innovations in automotive fuel tank technology, growing trade activity and a rapidly growing trend in the automotive industry. Sales of passenger cars and commercial vehicles in the emerging economy are also increasing rapidly.

In addition, the government's latest policy promotes industrial progress. For example, regarding carbon dioxide emissions, the innovation of new vehicle fuel tanks has been promoted. From the material of the vehicle fuel tank to safety performance. Especially every year due to the emergence of car safety traffic accidents, people are more concerned about safety. Of course, due to the high frequency of car use, whether the material of the fuel tank can save daily expenses will also attract people's attention, which has promoted the development of the vehicle fuel tank industry.

Limitations

In order to reduce environmental damage, the government has increased regulations on vehicle on dioxide emissions from vehicles, resulting in an increase in manufacturing and an increasing adoption rate of electric vehicles. The emergence of alternative products inhibits the development of the automotive fuel tank industry, which mainly uses battery energy storage.

Due to the rapid development of the automobile industry, the number of vehicles has increased, traffic congestion, traffic accidents, and lack of land have caused the state to attach importance to the application of automobiles in life. The state's control over the number of vehicles produced, as well as the control of the number of vehicles held by individuals, has also become an important factor hindering the development of the fuel tank industry.

In addition, with the development of science and technology, the use of fuel tank materials is more and more advanced, and the growth of service life will also inhibit the development of the vehicle fuel tank industry.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

The Plastic Omnium Group is one of the major players operating in the Vehicle Fuel Tank market, holding a share of 18.03% in 2018.

Compagnie Plastic Omnium SA, a manufacturing and services company, engages in the automotive and environment businesses worldwide. The company manufactures and sells automotive exterior components and modules, including bumper systems and fascias, body panels and spoilers, rear closure systems, front-end modules, and semi structural and structural parts; and plastic fuel systems and diesel emissions reduction products. It also provides waste containerization products and services, including wheeled bins, underground containers, recycling banks, or street furniture; and customized water containers, as well as integrated hardware and software solutions.

Founded in 1935, Kautex quickly became a pioneer in the field of polymer processing. Today, they are a Top 100 supplier to global automotive OEMs, manufacturing plastic fuel systems, clear vision systems and castings, in addition to industrial packaging.

As part of the Textron portfolio, Kautex offers more than the opportunity to work in the dynamic environment of the automotive industry. As one of the world’s best-known multiindustry companies, Textron is recognized for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, E-Z-GO and many more. The company leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative products and services.

Segmentation Overview:

Among different product types, Plastic Fuel Tank segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Passenger Vehicle segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Vehicle Fuel Tank market covered in Chapter 3:

Chengdu Lingchuan
Wanxiang Tongda
YAPP
The Plastic Omnium Group
Donghee
Futaba
Tokyo Radiator
Kautex
Yangzhou Changyun
Magna International
Martinrea
Jiangsu Suguang
Sakamoto
Unipres Corporation
SKH Metal
FTS
Hwashin
Yachiyo
AAPICO
TI Automotive

In Chapter 4 and Chapter 14.2, on the basis of types, the Vehicle Fuel Tank market from 2018 to 2029 is primarily split into:

Metal Fuel Tank
Plastic Fuel Tank

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Vehicle Fuel Tank market from 2018 to 2029 covers:

Commercial Vehicle
Passenger Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)