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Automotive Fuel Tank Market Share

Report ID: GMI11914
Published Date: Oct 2024
Report Format: PDF

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Automotive Fuel Tank Market Share

The autex, Motherson Yachiyo, and OPmobility collectively held a substantial market share of over 10% in the automotive fuel tank industry in 2023. Kautex prioritizes innovation and sustainability in its fuel tank manufacturing processes. Utilizing advanced technologies like AI and automation, the company optimizes design processes and enhances product performance, notably in areas like reducing fuel sloshing noise. Kautex actively partners with automotive OEMs, co-developing solutions tailored to specific customer needs. Committed to sustainability, Kautex incorporates lightweight materials and promotes recycling in its production, aligning with the industry's broader goals of reducing emissions and enhancing fuel efficiency.

Motherson Yachiyo adopts a customer-centric strategy, customizing its fuel tank solutions to align with the distinct needs of automotive manufacturers. The company channels investments into research and development, innovating fuel tank designs with a keen focus on safety, durability, and weight reduction. Furthermore, Motherson Yachiyo collaborates closely with global automakers, tapping into their manufacturing and engineering expertise.

OPmobility champions technological advancement and digital transformation in the automotive fuel tank sector. By harnessing data analytics and IoT, the company crafts smart fuel tank solutions that enable real-time monitoring of fuel levels and conditions. This forward-thinking strategy not only boosts operational efficiency but also elevates safety standards. Additionally, OPmobility seeks strategic alliances with technology providers, ensuring the integration of cutting-edge features into their offerings.

Automotive Fuel Tank Market Companies

Major players operating in the automotive fuel tank industry are:

Donghee
Fuel Total Systems
Kautex (Textron)
Magna International
Motherson Yachiyo Automotive Systems
OPmobility
SRD Holdings
TI Fluid Systems
Unipres Corporation
YAPP Automotive Systems (SDIC Group)

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global market for automotive fuel tank was reached USD 17.6 billion in 2023 and is projected to grow at a 4.7% CAGR from 2024 to 2032, driven by increased vehicle production in emerging markets.

The 45-70 liters fuel tank segment accounted for over 55% of the market share in 2023 and is expected to cross USD 13 billion by 2032, as consumers prioritize vehicle range in their purchasing decisions.

The plastic segment in the automotive fuel tank market is projected to exceed USD 18 billion by 2032, driven by automakers' focus on vehicle weight reduction to enhance fuel efficiency and meet emissions regulations.

China accounted for over 40% of the automotive fuel tank market in 2023, with manufacturers developing lightweight fuel tanks to improve fuel efficiency and comply with strict emissions standards.

Key players in the industry include Donghee, Fuel Total Systems, Kautex (Textron), Magna International, Motherson Yachiyo Automotive Systems, OPmobility, SRD Holdings, TI Fluid Systems, Unipres Corporation, and YAPP Automotive Systems (SDIC Group).