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Global Automotive Fuel
Tank Market Research
Report and Forecast
2021-2026
Author: Elena Anderson,
Marketing Manager |
IMARC Group
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Report Description
Report Description and Highlights
Global Automotive Fuel Tank Market Outlook 2026:
As per the latest report by IMARC Group, titled “Automotive Fuel Tank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global automotive fuel tank market exhibited moderate growth during 2015-2020.
A fuel tank refers to a part in automobiles that is used to store the automotive fuel. Some of the essential components of automotive fuel tanks are filters, pumps, lines, fuel gauge, tanks and pumps.
Most vehicles are installed with a single tank in the rear; however, the location and design of the fuel tank depend on the space available in the automobile.
Modern tanks are more complex and are made up of fluoroelastomer and emissions control
components, which include diaphragms, couplings, vibration isolators, hose, O-rings and other seals.
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Report Description
Report Description and Highlights
Global Automotive Fuel Tank Market Trends:
A significant increase in the sales of passenger and commercial vehicles has provided a boost to the demand for automotive fuel tanks. Besides this, due to the rising environmental concerns, the sales of electric cars have escalated, which help in reducing carbon emissions generated by traditional vehicles.
This trend has led to the development of high-quality plastic fuel tanks in hybrid electric vehicles, which help in reducing the overall weight of the automobile so that it can travel for longer distances.
Besides this, advancements in technology have led to the manufacturing of self-sealing fuel tanks that can automatically seal in case of damage or leak.
Moreover, the leading manufacturers are investing in research and development (R&D) to design a multi-layered high-density polyethylene fuel tank using blow molding technology.
This process is environment-friendly and meets the highest federal government requirements, ensuring safety and efficiency. Furthermore, the installation of steel-based tanks in various premium-category vehicles, which in turn will further drive the growth of the market.
Market Summary:
Breakup by Material Type:• Plastic • Aluminum • Steel
Breakup by Capacity:
• Less Than 45 Liter • 45 - 70 Liter
• Above 70 Liter
Breakup by Vehicle Type:
• Passenger Vehicles • LCVs
• HCVs
Breakup by Distribution Channel: • OEM • Aftermarket Breakup by Region: • North America • Europe • Asia Pacific • Latin America
• Middle East and Africa
On account of these factors, the market is expected to witness robust growth during the forecast period (2021-2026).
Competitive Landscape With Keyplayer:
• Plastic Omnium
• Kautex Textron GmBH & Co. KG • Yapp USA Automotive Systems Inc. • TI Fluid Systems plc
• Yachiyo Industries Co. Limited • Magna International Inc. • Martinrea International Inc. • Unipres Corporation
• Continental AG
• Lyondell Basell Industries N.V. • Allgaier WERKE GmbH
• Boyd Welding LLC
• Dali and Samir Engineering Pvt. Ltd. • POSCO Co. Ltd.
• Baosteel Group Corporation.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/automotive-fuel-tank-market
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