Collapsible Fuel Tank Market to Soar to $2.53 Billion by 2029 Amid Surging Demand Across Multiple Industries
28 Jan, 2025
What is the Collapsible Fuel Tank Market Size Historic and Current Scenario?
The collapsible fuel tank market has shown significant growth in recent years.
• In 2024, the market was valued at $1.56 billion, and it expanded to $1.71 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%.
Growth during the historical period can be traced back to a surge in the demand for portable fuel storage solutions, expansion within the automotive and motorsports industry, rise in usage of collapsible fuel tanks in emergency response and disaster relief scenarios, advances in material technology resulting in more durable and flexible designs, and the growth experienced in the aviation industry.
How Will the Collapsible Fuel Tank Market Trend in the Foreseeable Future?
The collapsible fuel tank market is projected to witness a sharp incline in growth in the upcoming years.
• By 2029, the market is expected to reach $2.53 billion, growing at a CAGR of 10.3%.
The underlying growth in the marine industry, the surging adoption of collapsible fuel tanks in off-road and recreational vehicles, the expansion of the renewable energy sector, the adoption of collapsible fuel tanks for remote and off-grid power generation, and the increased demand in the aerospace sector are key drivers. Moreover, emerging trends such as lightweight and space-saving tailoring, integration of smart technologies for fuel management, the emphasis on eco-friendly and recyclable materials, and customization according to specific industry requirements are poised to shape the forecast period.
What Are the Prominent Factors Fueling Market Growth?
The escalating demand for electric vehicles is expected to drive the collapsible fuel tank market forward. Optimized fuel tanks are a requisite in extended-range electric vehicles, bolstering their full electric operating range driving mode. Thus, the increasing popularity of electric vehicles indubitably calls for higher production in the collapsible fuel tank market, as seen in 2024, when electric car sales rose by 3.5 million compared to the previous year, leading to an 18% share of total car sales.
What Are the Market Segments?
The collapsible fuel tank market can be divided into several segments:
1) By Type: Small Capacity, Medium Capacity, Large Capacity
2) By Fabric Material: Polyurethane, Composite Material
3) By End User: Agriculture, Mining, Military Application, Commercial, Other End Users
What are the Trends Shaping the Market?
Product innovations are emerging as critical trends in the collapsible fuel tank market, serving to strengthen the industry's position. For instance, in July 2022, Interstate Products, a US-based multi-brand supplier, introduced an expanded flexible fuel bladder suitable for high amounts of gasoline and water storage that promises portable liquid storage solutions and can function as an above-ground storage tank.
Which Are the Key Market Players?
Players who are spearheading growth in the collapsible fuel tank market are:
• Meggitt PLC
• GTA Containers Inc.
• Aero Tec Laboratories Ltd.
• Amufuel
• MPC Containment International LLC
• Splash Containment
• Turtle-Pac
• Western Global
• Ready Containment LLC
• Krampitz Tanksystem GmbH
• Flexi Tank Systems
• Desert Plastics
• Liquid Containment Pty Ltd
• Waterplex Pty Ltd
• SEI Industries Ltd.
• Fol-Da-Tank Company
• Piusi SpA
• Rain for Rent
• Husky Portable Containment
• Megaflex Ltd.
• Space Bladder
• ReadyH2 Products Inc.
• Fleximake Pty Ltd
• Interstate Products Inc.
What Are the Key Regional Insights?
North America held the largest share in the collapsible fuel tank market in 2024, while Asia-Pacific is expected to grow at the fastest rate in the forecast period. The report also provides insights on other regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.