HOME Top Market Reports Fuel Tank Market by Material (HDPE, Steel & Aluminum), Capacity (<45L, 45L-70L & >70L), & by Region (Asia-Oceania, Europe, North America & ROW), Automotive CNG Tank Market by Region, and Automotive SCR Market by Region - Global Trends & Forecast to 2021

Fuel Tank Market by Material (HDPE, Steel & Aluminum), Capacity (<45L, 45L-70L & >70L), & by Region (Asia-Oceania, Europe, North America & ROW), Automotive CNG Tank Market by Region, and Automotive SCR Market by Region - Global Trends & Forecast to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: AT 3136

 

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The global automotive fuel tank market is projected to grow at a CAGR of 5.58%, to reach a market size of USD 17.38 Billion by 2021. Market growth is primarily driven by the increasing vehicle production across the globe and the rising demand for lightweight automotive solutions. Additionally, developed regions such as Europe and North America have introduced stringent evaporative emission norms, which have accelerated the demand for plastic fuel tanks in these regions. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.

The primary objective of the study is to define and segment the automotive fuel tank market on the basis of material, capacity, and region. This report also studies the global selective catalytic reduction (SCR) and compressed natural gas (CNG) tank markets on the basis of region (Asia-Oceania, Europe, North America, and the Rest of the World). Additionally, it includes detailed information and qualitative insights into factors influencing the growth of the automotive fuel tank market and opportunities offered by various segments to stakeholders.

The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the trends prevailing in the automotive fuel tank market. Country-level model mapping has been conducted for vehicles manufactured in the particular country.

The bottom-up approach has been used to estimate the market size, in terms of volume. This country-wise market volume is then multiplied with the country-wise average OE price of fuel tanks of each material type in every country considered in the region. This results in the country-wise market size, in terms of value. The summation of the country-wise market size, in terms of value, gives the regional market size, and further summation of the regional-level market size provides the global automotive fuel tank market size. The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Automotive Fuel Tank Market

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The global automotive fuel tank market ecosystem consists of raw material manufacturers such as ArcelorMittal (Luxembourg), Hebei Iron and Steel Group (China), Baosteel Group Corporation (China), Posco Co. Ltd.  (South Korea), and Tata Steel Ltd. (India). It also includes automotive fuel tank manufacturers such as The Plastic Omnium Group (France), Kautex Textron GmbH & Co. KG (Germany), YAPP Automotive Parts Co. Ltd. (China), and TI Automotive Inc. (U.K.), vehicle manufacturers such as General Motors (U.S.), BMW (Germany), Toyota Motors (Japan), and Hyundai Motors (South Korea), and regional automotive associations such as the Society of Indian Automotive Manufacturers (SIAM), Japan Automotive Manufacturers Association (JAMA), and European Automobile Manufacturers Association (ACEA).

Target Audience

  • Fuel tank manufacturers
  • CNG tank manufacturers
  • SCR tank manufacturers
  • Fuel system manufacturers
  • Vehicle manufacturers
  • Investment firms
  • Equity research firms
  • Private equity firms

Scope of the Report

  • By Material
    • HDPE
    • Steel
    • Aluminum
  • By Capacity
    • <45 L
    • 45 L–70 L
    • >70 L
  • By Region
    • Asia-Oceania
    • Europe
    • North America
    • RoW
  • Automotive SCR market, by Region
  • Automotive CNG tank market, by Region

Available Customizations

  • HDPE fuel tank market, by vehicle type (passenger cars and commercial vehicles)
  • Steel fuel tank market, by vehicle type (passenger cars and commercial vehicles)
  • Additional company profiles (business overview, recent financials, SWOT analysis, recent developments, and MnM view)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
    2.3 Data From Secondary Sources
    2.4 Primary Data
           2.4.1 Sampling Techniques & Data Collection Methods
           2.4.2 Primary Participants
    2.5 Factor Analysis
           2.5.1 Introduction
           2.5.2 Demand-Side Analysis
                     2.5.2.1 Impact of Disposable Income on Total Vehicle Sales
                     2.5.2.2 Infrastructure: Roadways
           2.5.3 Supply-Side Analysis
                     2.5.3.1 Government Regulations Pertaining to Vehicle Emissions
    2.6 Market Size Estimation
    2.7 Data Triangulation
    2.8 Assumptions

3 Executive Summary (Page No. - 29)
    3.1 Introduction

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Automotive Fuel Tank Market
    4.2 HDPE Fuel Tank Segment to Lead the Global Automotive Fuel Tank Market in 2016
    4.3 Regional Market Share of the Automotive Fuel Tank Market, 2016
    4.4 Automotive Fuel Tank Market, By Material Type
    4.5 Automotive Fuel Tank Market, By Capacity
    4.6 Automotive Selective Catalytic Reduction Market, By Region
    4.7 Automotive Compressed Natural Gas Market, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Automotive Fuel Tank Market, By Material
           5.2.2 Automotive Fuel Tank Market, By Capacity
           5.2.3 Automotive Fuel Tank Market, By Region
           5.2.4 Automotive SCR Market, By Region
           5.2.5 Automotive CNG Tank Market, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Increasing Vehicle Production
                     5.3.1.2 Rising Demand for Lightweight Components to Fuel the Demand for Plastic Fuel Tanks
           5.3.2 Restraints
                     5.3.2.1 Shifting Focus Towards Electric Vehicles
                     5.3.2.2 Stringent Evaporative Emission Standards
           5.3.3 Opportunities
                     5.3.3.1 Carbon Fibre Fuel Tanks
           5.3.4 Challenges
                     5.3.4.1 Recycling of the Plastic Fuel Tanks
    5.4 Porter’s Five Forces Analysis
           5.4.1 Intensity of Competitive Rivalry
           5.4.2 Threat of Substitute
           5.4.3 Bargaining Power of Buyers
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Threat of New Entrant
    5.5 Fuel Tank Supply Chain Analysis
           5.5.1 Fuel Tank - Who Supplies Whom
                     5.5.1.1 Asia-Oceania
                     5.5.1.2 Europe
                     5.5.1.3 Americas

6 Automotive Fuel Tank Market, By Material (Page No. - 76)
    6.1 Introduction
    6.2 HDPE Fuel Tank Market, By Region
    6.3 Steel Fuel Tank Market, By Region
    6.4 Aluminum Fuel Tank Market, By Region

7 Automotive Fuel Tank Market, By Capacity & Region (Page No. - 82)
    7.1 Introduction
    7.2 Asia-Oceania
           7.2.1 China: Automotive Fuel Tank Market, By Capacity
           7.2.2 Japan: Automotive Fuel Tank Market, By Capacity
           7.2.3 South Korea: Automotive Fuel Tank Market, By Capacity
           7.2.4 India: Automotive Fuel Tank Market, By Capacity
           7.2.5 Rest of Asia-Oceania: Automotive Fuel Tank Market, By Capacity
    7.3 North America
           7.3.1 The U.S.: Automotive Fuel Tank Market, By Capacity
           7.3.2 Mexico: Automotive Fuel Tank Market, By Capacity
           7.3.3 Canada: Automotive Fuel Tank Market, By Capacity
    7.4 Europe
           7.4.1 Germany: Automotive Fuel Tank Market, By Capacity
           7.4.2 France: Automotive Fuel Tank Market, By Capacity
           7.4.3 U.K.: Automotive Fuel Tank Market, By Capacity
           7.4.4 Spain: Automotive Fuel Tank Market, By Capacity
           7.4.5 Russia: Automotive Fuel Tank Market, By Capacity
           7.4.6 Rest of Europe: Automotive Fuel Tank Market, By Capacity
    7.5 Rest of the World
           7.5.1 Brazil: Automotive Fuel Tank Market, By Capacity
           7.5.2 South Africa: Automotive Fuel Tank Market, By Capacity
           7.5.3 RoW Others: Automotive Fuel Tank Market, By Capacity

8 Automotive Selective Catalytic Reduction Market, By Vehicle Type & Region (Page No. - 113)
    8.1 Introduction
    8.2 Global Automotive SCR Market, By Region
           8.2.1 Asia-Oceania Automotive SCR Market, By Vehicle Type
           8.2.2 North America Automotive SCR Market, By Vehicle Type
           8.2.3 Europe Automotive SCR Market, By Vehicle Type
           8.2.4 RoW Automotive SCR Market, By Vehicle Type

9 Automotive Compressed Natural Gas Tank Market, By Region (Page No. - 120)
    9.1 Introduction
    9.2 Automotive Compressed Natural Gas Tank Market, By Region

10 Competitive Landscape (Page No. - 123)
     10.1 Market Share Analysis
     10.2 Competitive Situations & Trends
     10.3 Expansion
     10.4 Agreements/Joint Ventures/Supply Contracts/Partnerships
     10.5 New Product Launch
     10.6 Mergers & Acquisitions

11 Company Profiles (Page No. - 130)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     11.1 Introduction
     11.2 The Plastic Omnium Group
     11.3 Yachiyo Industry Co. Ltd.
     11.4 Unipres Corporation
     11.5 Magna International Inc.
     11.6 Martinrea International Inc.
     11.7 Kautex Textron Gmbh & Co. KG.
     11.8 YAPP Automotive Parts Co., Ltd.
     11.9 TI Automotive Inc.
     11.10 FTS Co., Ltd.
     11.11 SMA Serbatoi S.P.A.

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 152)
     12.1 Insights of Industry Experts
     12.2 Other Developments, 2012–2015
     12.3 Discussion Guide
     12.4 Knowledge Store: Marketsandmarkets’ SubSCRiption Portal
     12.5 Introducing Rt: Real-Time Market Intelligence
     12.6 Available Customization
               12.6.1 HDPE Fuel Tank Market, By Vehicle Type
                           12.6.1.1 Passenger Car
                           12.6.1.2 Commercial Vehicles
               12.6.2 Steel Fuel Tank Market, By Vehicle Type
                           12.6.2.1 Passenger Car
                           12.6.2.2 Commercial Vehicle
               12.6.3 Two Vehicle Market
               12.6.4 Additional Company Profiles
                           12.6.4.1 Business Overview
                           12.6.4.2 Recent Financials
                           12.6.4.3 SWOT Analysis
                           12.6.4.4 Recent Developments
                           12.6.4.5 MnM View
     12.7 Related Reports


List of Tables (84 Tables)

Table 1 Various Government Incentives for Electric Vehicles
Table 2 Porters Five Forces Analysis
Table 3 Asia-Oceania: Who Supplies Whom
Table 4 Europe: Who Supplies Whom
Table 5 Americas: Who Supplies Whom
Table 6 Automotive Fuel Tank Market, By Material, 2014–2021 (‘000 Units)
Table 7 Automotive Fuel Tank Market, By Material, 2014–2021 (Metric Tons)
Table 8 High-Density Polyethylene Fuel Tank Market, By Region,2014–2021 (‘000 Units)
Table 9 High-Density Polyethylene Fuel Tank Market, By Region,2014–2021 (Metric Tons)
Table 10 Steel Fuel Tank Market, By Region, 2014–2021 (‘000 Units)
Table 11 Steel Fuel Tank Market, By Region, 2014–2021 (Metric Tons)
Table 12 Aluminum Fuel Tank Market, By Region, 2014–2021 (‘000 Units)
Table 13 Aluminum Fuel Tank Market, By Region, 2014–2021 (Metric Tons)
Table 14 Global Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 15 Global Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 16 Global Automotive Fuel Tank Market, By Region, 2014–2021 (‘000 Units)
Table 17 Global Automotive Fuel Tank Market, By Region, 2014–2021 (USD Million)
Table 18 Asia-Oceania: Automotive Fuel Tank Market, By Capacity,2014–2021 (‘000 Units)
Table 19 Asia-Oceania: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 20 Asia-Oceania: Automotive Fuel Tank Market, By Country,2014–2021 (‘000 Units)
Table 21 Asia-Oceania: Automotive Fuel Tank Market, By Country,2014–2021 (USD Million)
Table 22 China: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 23 China: Automotive Fuel Tank Market, By Capacity, 2014–2021 (USD Million)
Table 24 Japan: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 25 Japan: Automotive Fuel Tank Market, By Capacity, 2014–2021 (USD Million)
Table 26 South Korea: Automotive Fuel Tank Market, By Capacity,2014–2021 (‘000 Units)
Table 27 South Korea: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 28 India: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 29 India: Automotive Fuel Tank Market, By Capacity, 2014–2021 (USD Million)
Table 30 Rest of Asia-Oceania: Automotive Fuel Tank Market, By Capacity,2014–2021 (‘000 Units)
Table 31 Rest of Asia-Oceania: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 32 North America: Automotive Fuel Tank Market, By Capacity,2014–2021 (‘000 Units)
Table 33 North America: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 34 North America: Automotive Fuel Tank Market, By Country,2014–2021 (‘000 Units)
Table 35 North America: Automotive Fuel Tank Market, By Country,2014–2021 (USD Million)
Table 36 U.S.: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 37 U.S.: Automotive Fuel Tank Market, By Capacity, 2014–2021 (USD Million)
Table 38 Mexico: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 39 Mexico: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 40 Canada: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 41 Canada: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 42 Europe: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 43 Europe: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 44 Europe: Automotive Fuel Tank Market, By Country, 2014–2021 (‘000 Units)
Table 45 Europe: Automotive Fuel Tank Market, By Country,2014–2021 (USD Million)
Table 46 Germany: Automotive Fuel Tank Market, By Capacity,2014–2021 (‘000 Units)
Table 47 Germany: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 48 France: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 49 France: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 50 U.K.: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 51 U.K.: Automotive Fuel Tank Market, By Capacity, 2014–2021 (USD Million)
Table 52 Spain: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 53 Spain: Automotive Fuel Tank Market, By Capacity, 2014–2021 (USD Million)
Table 54 Russia: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 55 Russia: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 56 Rest of Europe: Automotive Fuel Tank Market, By Capacity,2014–2021 (‘000 Units)
Table 57 Rest of Europe: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 58 Rest of the World: Automotive Fuel Tank Market, By Capacity,2014–2021 (‘000 Units)
Table 59 Rest of the World: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 60 Rest of the World: Automotive Fuel Tank Market, By Country,2014–2021 (‘000 Units)
Table 61 Rest of the World: Automotive Fuel Tank Market, By Country,2014–2021 (USD Million)
Table 62 Brazil: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 63 Brazil: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 64 South Africa: Automotive Fuel Tank Market, By Capacity,2014–2021 (‘000 Units)
Table 65 South Africa: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 66 Others: Automotive Fuel Tank Market, By Capacity, 2014–2021 (‘000 Units)
Table 67 Others: Automotive Fuel Tank Market, By Capacity,2014–2021 (USD Million)
Table 68 Automotive Selective Catalytic Reduction Market, By Region,2014–2021 (‘000 Units)
Table 69 Automotive Selective Catalytic Reduction Market, By Region,2014–2021 (USD Million)
Table 70 Asia-Oceania: Selective Catalytic Reduction Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 71 Asia-Oceania: Selective Catalytic Reduction Market, By Vehicle Type, 2014–2021 (USD Million)
Table 72 North America: Selective Catalytic Reduction Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 73 North America: Selective Catalytic Reduction Market, By Vehicle Type, 2014–2021 (USD Million)
Table 74 Europe: Selective Catalytic Reduction Market, By Vehicle Type,2014–2021 (‘000 Units)
Table 75 Europe: Selective Catalytic Reduction Market, By Vehicle Type,2014–2021 (USD Million)
Table 76 RoW: Selective Catalytic Reduction Market, By Vehicle Type,2014–2021 (‘000 Units)
Table 77 RoW: Selective Catalytic Reduction Market, By Vehicle Type,2014–2021 (USD Million)
Table 78 Automotive Compressed Natural Gas Tank Market, By Region,2014–2021 (Units)
Table 79 Automotive Compressed Natural Gas Tank Market, By Region,2014–2021 (USD Million)
Table 80 Fuel Tank Market: Market Ranking
Table 81 Expansions, 2015–2016
Table 82 Agreements/Joint Ventures/Partnerships, 2012 - 2014
Table 83 New Product Launches, 2013-2015
Table 84 Mergers & Acquisitions, 2014–2015
 
 
List of Figures (59 Figures)
 
Figure 1 Automotive Fuel Tank Market Segmentation
Figure 2 Global Selective Catalytic Reduction Market Segmentation
Figure 3 Global Compressed Natural Gas Tank Market Segmentation
Figure 4 Research Design
Figure 5 Research Methodology Model
Figure 6 Breakdown of Primary Interviews: By Company Type, Designation,& Region
Figure 7 Impact of Disposable Income on Vehicle Sales, 2014
Figure 8 Roadways Infrastructure: Road Network (Km), By Country, 2011
Figure 9 Automotive Fuel Tank Market: Bottom-Up Approach
Figure 10 Asia-Oceania is Estimated to Be the Largest Market for Automotive Fuel Tanks, 2016 vs. 2021 (USD Billion)
Figure 11 45 L–70 L Capacity Segment to Dominate the Automotive Fuel Tank Market, in 2016
Figure 12 HDPE Holds the Largest Share in the Automotive Fuel Tank Market, By Material, 2016 (Metric Tons)
Figure 13 Europe is Estimated to Be the Largest Market for Selective Catalytic Reduction 2016 vs. 2021
Figure 14 Automotive Compressed Natural Gas Tank Market, By Region,2016 vs. 2021 (USD Million)
Figure 15 Rising Vehicle Production to Drive the Demand for Automotive Fuel Tank Market From 2016 to 2021
Figure 16 Automotive Fuel Tank Market Share, By Material & Region, 2016
Figure 17 Asia-Oceania Holds the Largest Market Share, By Value, 2016–2021
Figure 18 HDPE Fuel Tank Segment to Lead the Global Automotive Fuel Tank Market, By Material, 2016 vs. 2021
Figure 19 45 L–70 L Fuel Tank Segment to Lead the Market, 2016–2021
Figure 20 Europe is Estimated to Dominate the Selective Catalytic Reduction Market By Value, 2016–2021
Figure 21 Rest of the World to Hold the Largest Market By Value, 2016–2021
Figure 22 Automotive Fuel Tank: Market Segmentation
Figure 23 Automotive Fuel Tank Market, By Material
Figure 24 Automotive Fuel Tank Market, By Capacity
Figure 25 Automotive Fuel Tank Market, By Region
Figure 26 Automotive SCR Market, By Region
Figure 27 Automotive CNG Tank Market, By Region
Figure 28 Automotive Fuel Tank Market Dynamics
Figure 29 Increase in Vehicle Production Across the Globe, 2009 vs 2015
Figure 30 Electric Vehicle Sales, 2015 vs 2020
Figure 31 Porter’s Five Forces Analysis
Figure 32 High Bargaining Power of Buyers and Threat of New Entrants
Figure 33 Large Number of Established Players Leads to High Degree of Competition in the Automotive Fuel Tank Market
Figure 34 High Cost Makes the Threat of Substitute Medium
Figure 35 Availability of Large Number of Suppliers Leads to High Bargaining Power of Buyers
Figure 36 Dependence on the Automotive Industry and Low Product Differentiation Makes Bargaining Power of Suppliers Low
Figure 37 Low Capital Investment Leads to High Threat of New Entrant
Figure 38 Supply Chain Analysis
Figure 39 High-Density Polyethylene Estimated to Be the Most Widely Used Material for Automotive Fuel Tanks
Figure 40 Automotive Fuel Tank Market Outlook, By Country, 2016–2021
Figure 41 Asia-Oceania: Automotive Fuel Tank Market Snapshot
Figure 42 North America: Automotive Fuel Tank Market Snapshot
Figure 43 Global Selective Catalytic Reduction Market, By Region,2016–2021 (USD Billion)
Figure 44 Automotive Compressed Natural Gas Tank Market,2016 vs. 2021 (USD Million)
Figure 45 Companies Adopted Expansion as the Key Growth Strategy
Figure 46 Martinrea International Inc. Registered the Highest Growth Rate From 2011 to 2015
Figure 47 Plastic Fuel Tank OE Market: Market Share Analysis
Figure 48 Market Evaluation Framework: Expansions Fuelled the Growth of the Fuel Tank Market
Figure 49 Battle for Market Share: Expansion Was the Most Widely Adopted Strategy
Figure 50 Region-Wise Revenue Mix of Fuel Tank Suppliers, 2015
Figure 51 The Plastic Omnium Group: Company Snapshot
Figure 52 SWOT Analysis: the Plastic Omnium Group
Figure 53 Yachiyo Industry Co. Ltd.: Company Snapshot
Figure 54 SWOT Analysis: Yachiyo Industry Co. Ltd.
Figure 55 Unipres Corporation: Company Snapshot
Figure 56 Magna International Inc.: Company Snapshot
Figure 57 SWOT Analysis: Magna International Inc.
Figure 58 Martinrea International Inc.: Company Snapshot
Figure 59 SWOT Analysis: Martinrea International Inc.

The global automotive fuel tank market is projected to grow at a CAGR of 5.58% from 2016 to 2021, to reach a market size of USD 17.38 Billion by 2021. The rising global vehicle production, growing trend of vehicle weight reduction, and norms pertaining to evaporative emissions have fueled the demand for automotive fuel tanks across the globe.

The high-density polyethylene (HDPE) segment of the automotive fuel tank market is estimated to have the highest growth potential. It is projected to grow at a promising CAGR during the forecast period. This growth can be attributed to HDPE’s proven benefits of vehicle weight reduction and low cost. Upcoming fuel-efficiency standards, such the Corporate Average Fuel Economy (CAFE) standards, are propelling the demand for plastic fuel tanks, which are manufactured using HDPE. These fuel tanks offer various advantages, such as higher corrosion resistance, better fire resistance, and better crash test performance, than conventional steel and aluminum fuel tanks. These factors are estimated to drive the demand for HDPE fuel tanks in coming years.

The 45 L–70 L segment of the automotive fuel tank market is estimated to account for the largest market share, in terms of value. This can be attributed to the high installation rate of fuel tanks in the 45 L–70 L range. Fuel tanks falling under this range find application in both, passenger cars and light commercial vehicles (LCVs). Asia-Oceania is estimated to be the largest market for 45 L–70 L fuel tanks, owing to the high demand for mid-segment passenger cars in the region.

Asia-Oceania is also estimated to be the largest market for automotive fuel tanks during the forecast period. This can be credited to the presence of countries such as China, which is the largest vehicle producer in the world, and India, which is emerging as a key automobile production hub for OEMs. Furthermore, the region is the largest vehicle producer in the world; this trend is expected to continue during the forecast period.

Automotive Fuel Tank Market

A key factor restraining the growth of the automotive fuel tank market is the growing trend of electric vehicles. On the other hand, improving socio-economic conditions in BRICS countries have been identified as a major opportunity for the market.

The global automotive fuel tank market is dominated by established players such as The Plastic Omnium Group (France), Kautex Textron GmbH & Co. KG (Germany), YAPP Automotive Parts Co. Ltd. (China), and TI Automotive Inc. (U.K.). These companies have been focusing on developing new products and forming partnerships and collaborations with key organizations to expand their presence in the global automotive fuel tank market. The Plastic Omnium Group is currently the market leader, and has adopted expansion and collaborations as key strategies to gain traction in the market. For instance, in January 2016, the company expanded its manufacturing facilities in Mexico to manufacture fuel system components for General Motors. Moreover, in November 2015, it established two new manufacturing facilities in the U.S., and in the same month, it established a new development center in Tokyo, Japan.

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