2-Wheeler Fuel Tank Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The 2-Wheeler Fuel Tank Market is Segmented by Capacity (Less than 20 Liters and More than 20 Liters) and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for the 2-wheeler fuel tank market in value (USD million) for all the above segments.

Two Wheeler Fuel Tank Market Size

Single User License
Team License
Corporate License
Book before:
2-Wheeler Fuel Tank Market Size
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

2-Wheeler Fuel Tank Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Two Wheeler Fuel Tank Market Analysis

The 2-Wheeler Fuel Tank Market was valued at USD 3520 million in 2020, and it is expected to reach USD 4313 million by 2026, registering a CAGR of above 3% during the forecast period (2021 - 2026).

The COVID-19 pandemic has hindered the growth of the 2-wheeler fuel tank market due to supply chain disruptions and a halt of production in manufacturing units. Additionally, growing penetration and demand for electric motorcycles, and the enactment of stringent emission norms, may hinder the growth of the market.

However, the market is expected to regain its growth during the forecast period due to changing consumer preferences towards motorcycles over other public transportation systems to maintain safe and hygiene conditions in the wake of the pandemic. The rise in demand for vehicle production increases the demand for automotive fuel tanks.

Plastic fuel tanks are mainly light in weight and used in passenger cars. Thus, the rise in demand for passenger cars simultaneously increases the demand for plastic fuel tanks. An increase in the production of environmentally friendly fuel tanks also acts as a driver generating demand in this market.

The Asia Pacific region holds the largest market share in the automotive fuel market. The leading contributor is China (the major consumer and producer of automobiles in the global market) and other contributors from Japan, South Korea, and India. Europe and North America have announced inflexible evaporative emission standards, which increases the demand for plastic fuel tanks in those regions.

Two Wheeler Fuel Tank Market Trends

This section covers the major market trends shaping the Two Wheeler Fuel Tank Market according to our research experts:

Less than 20 liters Fuel Tank Segment Likely to Dominate the Market

Globally, more than 98% of motorcycles have less than 20-liter fuel tank capacity. The motorcycles with less than 20-liter fuel tanks have huge demand, as they are affordable and have a very low maintenance cost. Apart from the maintenance and affordability factor, these motorcycles give higher mileage than the premium bikes, due to which 98% of the population buys these motorcycles. As the demand for this tank is high, 2-wheeler manufacturers are launching a maximum number of new and updated models under this segment. For instance,

  • Hero Moto Corp. Ltd commenced retail sales of the new Passion PRO and Passion XPRO. The new Passion PRO has a BS-IV compliant 110cc engine, with a fuel tank capacity of 12.5 liters, producing a power output of 7.0 kW at 7,500 rpm and torque of 9.0 Nm at 5,500 rpm.

The motorcycle market is dominated by Asian countries, such as India, China, Pakistan, Indonesia, Vietnam, etc., and these countries are likely to maintain their dominance over the coming years. Buyers in these countries are highly interested in purchasing pocket-friendly motorcycles, which majorly fall under the segment for less than 20-liter fuel tanks. Due to the factors mentioned above, the segment is anticipated to grow over the forecast period.

2-Wheeler Fuel Tank Market Share

Asia-Pacific Region Anticipated To Witness Fastest Growth

Asia-Pacific is anticipated to grow at the highest rate during the forecast period due to favorable government initiatives and support, combined with increased production of vehicles in various countries of the region. In the Asia-Pacific region, India is the biggest market for 2-wheeler fuel tanks, followed by China. The Indian motorcycle market is the largest in the world since 2016, with major manufacturers such as Hero, TVS, Honda, etc.

With the social advancement of women and the growing demand for comfort and convenience, the demand for scooters has been continually increasing. They help riders keep their legs together rather than straddling. Additionally, the premium price market segment for mid and large-sized motorcycles is expanding, owing to a growing demand for high-performance and cruiser bikes.

China, the second-largest motorcycle market globally, may see the growth of the two-wheeler sales at the highest CAGR in the next couple of years and add the majority market share in the region next to India. This growth in the Chinese two-wheeler market may be attributed to the logistics operators and e-commerce companies alongside the private buyers simultaneously boosting demand in the two-wheeler fuel tank market.

2-Wheeler Fuel Tank Market Growth

Two Wheeler Fuel Tank Industry Overview

The 2-Wheeler fuel tank market is moderately consolidated due to the presence of major players in the market. Key players in the 2-Wheeler fuel tank market include JBM Group, Luxam DK Jain Group, Goshi Giken Group, AG Industries, Wuxi Zhengda Enterprise, Harley Davidson, and Royal Enfield. Expansion of manufacturing plants and collaborations are the major characteristics of this market. For instance,

  • In February 2019, JBM Group acquired a majority stake in Linde-Wiemann GmbH, a manufacturer of structural components for global automotive manufacturers.

Companies, like Harley Davidson and Royal Enfield, design and manufacture motorcycles and their respective fuel tanks within their plants, with only custom orders being outsourced to aftermarket suppliers. Most of the 2-wheeler fuel tank manufacturing companies are concentrated in the Asia-Pacific region.

Two Wheeler Fuel Tank Market Leaders

  1. JBM Group

  2. Goshi Giken

  3. AG Industries

  4. Lumax DK Jain Group

  5. Harley-Davidson

*Disclaimer: Major Players sorted in no particular order

JBM Group, Goshi Giken, AG Industries, Lumax DK Jain Group, Harley-Davidson
bookmark Need More Details on Market Players and Competitors?
Download PDF

Two Wheeler Fuel Tank Market News

  • In September 2020, Hero Motor Corp was expected to partner with Harley Davidson to expand its premium product portfolio in all segments, including engine capacity and components.
  • In January 2020, Bajaj Auto and Triumph Motorcycles signed a formal agreement to develop and manufacture mid-range motorcycles for emerging markets, including India. This partnership focuses on product development and brand portfolio across various regions.

Two Wheeler Fuel Tank Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Capacity

      1. 5.1.1 Less than 20 Liters

      2. 5.1.2 More than 20 Liters

    2. 5.2 By Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Spain

        5. 5.2.2.5 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 South Korea

        5. 5.2.3.5 Rest of Asia Pacific

      4. 5.2.4 Rest of the World

        1. 5.2.4.1 South America

        2. 5.2.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 JBM Group

      2. 6.2.2 Luxam DK Jain Group

      3. 6.2.3 Goshi Giken Group

      4. 6.2.4 Homda Plastics

      5. 6.2.5 AG Industries

      6. 6.2.6 Wuxi Zhengda Enterprise

      7. 6.2.7 Walbro LLC

      8. 6.2.8 Harley Davidson

      9. 6.2.9 Royal Enfield

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Two Wheeler Fuel Tank Industry Segmentation

A 2-Wheeler fuel tank is a container that contains fuel. It is a special container that hydraulic system stores hydraulic fluid or hydraulic fluid. The 2-Wheeler fuel tank market covers the latest trends and COVID-19 impact, followed by technological developments in the market. The scope of the report covers segmentation based on capacity type and geography.

By capacity type, the market is segmented into less than 20 liters and more than 20 liters. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, the market sizing and forecast have been done based on value (USD million).

By Capacity
Less than 20 Liters
More than 20 Liters
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia Pacific
Rest of the World
South America
Middle-East and Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Two Wheeler Fuel Tank Market Research FAQs

The 2 Wheeler Fuel Tank Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

JBM Group, Goshi Giken, AG Industries, Lumax DK Jain Group and Harley-Davidson are the major companies operating in the 2 Wheeler Fuel Tank Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in 2 Wheeler Fuel Tank Market.

The report covers the 2 Wheeler Fuel Tank Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the 2 Wheeler Fuel Tank Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

2 Wheeler Fuel Tank Industry Report

Statistics for the 2024 2 Wheeler Fuel Tank market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. 2 Wheeler Fuel Tank analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

2-Wheeler Fuel Tank Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)