Report Code : CVMI24071903 | Published Date : July 16, 2024
The global fuel tank market has transformed into a USD 29.9 billion industry in 2023, growing from USD 21.3 billion in 2019 (7.1% CAGR). Despite the adoption of electric vehicles, the market is projected to reach USD 52.5 billion by 2031 (9.3% CAGR), driven by three revolutionary advances shifts:
Industry Transformation Vectors
- Material Science Revolution:
- Multi-layer HDPE tanks now achieve 0.02 g/day permeation (meeting Euro 7)
- Carbon fiber-reinforced thermoplastics enabling 700 bar of hydrogen storage
- Structural Integration:
- Battery-integrated tank designs for PHEVs (Toyota's Hybrid) Max platform)
- Chassis-embedded tanks enhance crash safety (Volvo's CMA) architecture)
- Hydrogen Economy Prep:
- Type IV composite tanks entering mass production (USD 28/kg cost by 2025)
2. Market Drivers
Regulatory Pressure Points
- Euro 7 Permeation Standards:
- Require 60% lower VOC emissions compared to 2023
- Mandate the adoption of 6-layer co-extruded barriers
- IIJA Hydrogen Hubs:
- $ 7 billion funding for hydrogen storage infrastructure
Technological Leapfrogging
- Smart Tank Systems:
-
- Forty percent of premium vehicles now feature:
- Ultrasonic leak detection (0.5mm resolution)
- Cloud-connected fuel quality monitoring
-
- Additive Manufacturing:
-
- 3D-printed titanium baffles that reduce slosh noise by 15dB
-
Regional Manufacturing Wars
- North American Reshoring:
- 35% tariff on Chinese tanks entering Mexico production
- India's PLI Scheme:
- 18% subsidy for localized tanks production
3. Competitive Landscape
Market Share Analysis (2023)
Company |
Market Share |
Proprietary Advantage |
Strategic Focus |
Plastic Omnium |
33% |
Plasma-treated HDPE barriers |
Lightweighting |
Kautex Textron |
XX% |
SCR-integrated tank systems |
Emission compliance |
TI Fluid Systems |
XX% |
Hydrogen liner welding tech |
Future fuels |
Yapp Automotive |
XX% |
Ultra-low-cost blow molding |
Emerging markets |
Disruptive Innovators
- ILJIN Composites: 70 MPa carbon fiber tanks for aviation applications
- Luxfer: Type V all-composite tanks eliminate metal liners
4. Market Segmentation
By Material Technology
- HDPE (XX% share):
- 9.1% CAGR with new nano-clay additives
- Steel (XX%):
- Heavy-duty dominance (500K+ cycle durability)
- Composites (XX%):
- 28% CAGR for hydrogen storage
By Vehicle Integration
- Conventional (55% share):
- Still dominate ICE platforms
- Structural (XX%):
- Growing in EV skateboard architectures
- Hybrid (XX%):
- Battery-encapsulated designs for PHEVs
By Region
- Asia-Pacific (44% share):
- 68% of worldwide production capacity
- Europe (XX%):
- Rigorous permeation standards drive innovation
5. Recent Developments (2022-2024)
- 2024: Plastic Omnium's self-healing liner repairs 8mm punctures
- 2023: The first gigafactory for Type IV tanks opens in Ohio
- 2022: Kautex's AdBlue-integrated tank reduced NOx emissions by 72%
Reasons To Buy

Scope

Key Players
- TI Fluid Systems
- Magna International
- Yachiyo Industry
- Plastic Omnium
- Kautex Textron
Global Fuel Tank Market Report
- 1. Global Fuel Tank Market Research Report
- 1.1 Study Objectives
- 1.2 Global Fuel Tank Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2.1 Global Fuel Tank Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Type
- 2.1.2 By Application
- 2.1.3 By Fuel Type
- 2.1.4 By Vehicle Type
- 2.1.5 By Capacity
- 2.1.6 By Sales Channel
- 2.1.7 By Region
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Type, By Application, By Fuel Type, By Vehicle Type, By Capacity, By Sales Channel, By Country
- 3.3. Opportunities – By Type, By Application, By Fuel Type, By Vehicle Type, By Capacity, By Sales Channel, By Country
- 3.4. Trends – By Type, By Application, By Fuel Type, By Vehicle Type, By Capacity, By Sales Channel, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Global Fuel Tank Market Research Report – DROTs Impact Analysis
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.1 Plastic
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Metal
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Composite
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Automotive
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Marine
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Aerospace
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Industrial
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Gasoline
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Diesel
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Alternative Fuels
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 Passenger Cars
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2 Commercial Vehicles
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3 Motorcycles
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.1 Small (< 50 Liters)
- 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.2 Medium (50-100 Liters)
- 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.3 Large (> 100 Liters)
- 9.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 10.1 OEM
- 10.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 10.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 10.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 10.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 10.2 Aftermarket
- 10.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 10.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 10.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 10.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.1 North America
- 11.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.2 Europe
- 11.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.3 Asia-Pacific
- 11.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.4 Latin America
- 11.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.5 Middle East & Africa
- 11.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 11.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 11.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 11.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 11.6 Global Fuel Tank Market - Opportunity Analysis Index, By Type, By Application, By Fuel Type, By Vehicle Type, By Capacity, By Sales Channel, and Region, 2024 - 2031
- 12.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Plastic
- 12.1.2 Metal
- 12.1.3 Composite
- 12.2.1 Automotive
- 12.2.2 Marine
- 12.2.3 Aerospace
- 12.2.4 Industrial
- 12.3.1 Gasoline
- 12.3.2 Diesel
- 12.3.3 Alternative Fuels
- 12.4.1 Passenger Cars
- 12.4.2 Commercial Vehicles
- 12.4.3 Motorcycles
- 12.5.1 Small (< 50 Liters)
- 12.5.2 Medium (50-100 Liters)
- 12.5.3 Large (> 100 Liters)
- 12.6.1 OEM
- 12.6.2 Aftermarket
- 12.7.1 United States
- 12.7.2 Canada
12.9 Regional Trends Analysis
12.10 North America Global Fuel Tank Market Research Report - Company Profiles- 12.10.1 Company 1 (United States)
- 12.10.2 Company 2 (Canada)
- 12.10.3 Company 3 (Canada)
- 13.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Plastic
- 13.1.2 Metal
- 13.1.3 Composite
- 13.2.1 Automotive
- 13.2.2 Marine
- 13.2.3 Aerospace
- 13.2.4 Industrial
- 13.3.1 Gasoline
- 13.3.2 Diesel
- 13.3.3 Alternative Fuels
- 13.4.1 Passenger Cars
- 13.4.2 Commercial Vehicles
- 13.4.3 Motorcycles
- 13.5.1 Small (< 50 Liters)
- 13.5.2 Medium (50-100 Liters)
- 13.5.3 Large (> 100 Liters)
- 13.6.1 OEM
- 13.6.2 Aftermarket
- 13.7.1 Germany
- 13.7.2 United Kingdom
- 13.7.3 France
- 13.7.4 Spain
- 13.7.5 Italy
- 13.7.6 Russia
- 13.7.7 Netherlands
- 13.7.8 Poland
- 13.7.9 Rest of Europe
13.9 Regional Trends Analysis
13.10 Europe Global Fuel Tank Market Research Report - Company Profiles- 13.10.1 Company 1 (Germany)
- 13.10.2 Company 2 (United Kingdom)
- 13.10.3 Company 3 (United Kingdom)
- 14.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14.1.1 Plastic
- 14.1.2 Metal
- 14.1.3 Composite
- 14.2.1 Automotive
- 14.2.2 Marine
- 14.2.3 Aerospace
- 14.2.4 Industrial
- 14.3.1 Gasoline
- 14.3.2 Diesel
- 14.3.3 Alternative Fuels
- 14.4.1 Passenger Cars
- 14.4.2 Commercial Vehicles
- 14.4.3 Motorcycles
- 14.5.1 Small (< 50 Liters)
- 14.5.2 Medium (50-100 Liters)
- 14.5.3 Large (> 100 Liters)
- 14.6.1 OEM
- 14.6.2 Aftermarket
- 14.7.1 China
- 14.7.2 Japan
- 14.7.3 India
- 14.7.4 South Korea
- 14.7.5 Australia & NZ
- 14.7.6 ASEAN
- 14.7.7 Rest of Asia-Pacific
14.9 Regional Trends Analysis
14.10 Asia-Pacific Global Fuel Tank Market Research Report - Company Profiles- 14.10.1 Company 1 (China)
- 14.10.2 Company 2 (Japan)
- 14.10.3 Company 3 (Japan)
- 15.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 15.1.1 Plastic
- 15.1.2 Metal
- 15.1.3 Composite
- 15.2.1 Automotive
- 15.2.2 Marine
- 15.2.3 Aerospace
- 15.2.4 Industrial
- 15.3.1 Gasoline
- 15.3.2 Diesel
- 15.3.3 Alternative Fuels
- 15.4.1 Passenger Cars
- 15.4.2 Commercial Vehicles
- 15.4.3 Motorcycles
- 15.5.1 Small (< 50 Liters)
- 15.5.2 Medium (50-100 Liters)
- 15.5.3 Large (> 100 Liters)
- 15.6.1 OEM
- 15.6.2 Aftermarket
- 15.7.1 Brazil
- 15.7.2 Mexico
- 15.7.3 Argentina
- 15.7.4 Peru
- 15.7.5 Colombia
- 15.7.6 Rest of Latin America
15.9 Regional Trends Analysis
15.10 Latin America Global Fuel Tank Market Research Report - Company Profiles- 15.10.1 Company 1 (Brazil)
- 15.10.2 Company 2 (Mexico)
- 15.10.3 Company 3 (Mexico)
- 16.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 16.1.1 Plastic
- 16.1.2 Metal
- 16.1.3 Composite
- 16.2.1 Automotive
- 16.2.2 Marine
- 16.2.3 Aerospace
- 16.2.4 Industrial
- 16.3.1 Gasoline
- 16.3.2 Diesel
- 16.3.3 Alternative Fuels
- 16.4.1 Passenger Cars
- 16.4.2 Commercial Vehicles
- 16.4.3 Motorcycles
- 16.5.1 Small (< 50 Liters)
- 16.5.2 Medium (50-100 Liters)
- 16.5.3 Large (> 100 Liters)
- 16.6.1 OEM
- 16.6.2 Aftermarket
- 16.7.1 Saudi Arabia
- 16.7.2 UAE
- 16.7.3 South Africa
- 16.7.4 Egypt
- 16.7.5 Israel
- 16.7.6 Rest of Middle East and Africa
16.9 Regional Trends Analysis
16.10 Middle East & Africa Global Fuel Tank Market Research Report - Company Profiles- 16.10.1 Company 1 (Saudi Arabia)
- 16.10.2 Company 2 (UAE)
- 16.10.3 Company 3 (UAE)
- 17.1 Strategic Dashboard of Top Market Players
17.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)- 17.2.1 TI Fluid Systems
- 17.2.2 Magna International
- 17.2.3 Yachiyo Industry
- 17.2.4 Plastic Omnium
- 17.2.5 Kautex Textron
19. Principal Presumptions and Acronyms