According to Organic Market Research, Europe Automotive Fuel Tank Market Share was USD 19.55 billion in 2023 and the market is projected to touch USD 28.45 billion by 2032, at a CAGR of 4.8% during the forecast period. The market is expected to remain stable in the short to medium term, supported by the ongoing production of internal combustion engine vehicles and the rise of hybrid vehicles. However, the long-term outlook may see a gradual decline in demand as the automotive industry transitions towards electric vehicles.
The Europe Automotive Fuel Tank Market Size is a crucial segment of the automotive industry, playing a key role in vehicle safety, fuel efficiency, and emissions control. The fuel tank is a fundamental component in all internal combustion engine (ICE) vehicles, including passenger cars, commercial vehicles, and motorcycles. With Europe’s strong automotive manufacturing base and stringent environmental regulations, the market for automotive fuel tanks is characterized by continuous innovation, a focus on reducing weight, and improving fuel efficiency.
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Market Segmentation
By Material Type
- Aluminum
- Steel
- Plastic
- Others
By Weight
- Less Than 7KG
- 7KG to 10 KG
- More Than 70KG
By Fuel Type
- Diesel
- LPG/CNG
- Gasoline
By Tank Capacity
- Less Than 45 L
- 45L -70L
- More Than 70L
By Propulsion Type
- Internal Combustion Engine (ICE)
- Natural Gas
- Hydrogen
- Hybrid
By Sales Channel
- Aftermarket
- OEM
By Vehicle Type
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Passenger Cars
- Hybrid Vehicle
Customization Scope
- Available upon request
Pricing
- Available upon request
Related Report
Europe Automotive Fuel Tank Market Trends
Key Players in the Market
The major players in the market are Plastic Omnium S.A., Kautex Textron GmbH & Co. KG, Yachiyo Industry Co., Ltd., TI Fluid Systems plc, Magna International Inc., Continental AG, Unipres Corporation, Martinrea International Inc., Boyd Corporation, and The Fuelcellshop Ltd.
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