Europe Fuel Tank Market is expected to grow with the CAGR of 4.1% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Europe fuel tank market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario. The major players dealing in Europe fuel tank market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. In August 2019, Textron Inc., the parent company of Kautex announced that it is looking into strategic alternatives for its Kautex business unit which produces fuel systems and other functional components. Textron Inc. plans to consider range of options including sale, tax-free spin-off or other transactions. The company is exploring strategic alternatives so that they can position Kautex to best serve its customers for ongoing success while simultaneously unlocking potential value for shareholders.

Kautex (a subsidiary of Textron Inc.) is the dominating player in Europe fuel tank market. The other key players existing in the fuel tank market includes TI Fluid Systems, Yachiyo Industry Co., Ltd., Magna International Inc., Plastic Omnium, Unipres Corporation, ContiTech AG (a subsidiary of Continental AG), SMA Serbatoi SpA, Elkamet Kunststofftechnik GmbH, Salzburger Aluminium Group, Central Precision Limited, Arrow Radiators (Melksham) Ltd, A. KAYSER AUTOMOTIVE SYSTEMS GmbH and PIOLAX, Inc. among others.

Kautex (a subsidiary of Textron Inc.):

Kautex (a subsidiary of Textron Inc.) is headquartered in Bonn, Germany which was founded in 1935. The company is engaged in developing and producing blow-moulded fuel systems, selective catalytic reduction systems, clear vision systems, engine camshafts and plastic industrial packaging solutions. The company offers wide range of products under categories such as advanced fuel systems, conventional fuel systems, selective catalytic reduction system, clear vision systems and CWC textron castings among which advanced fuel systems is the market focused category.

For instance,

• In January 2018, Kautex (a subsidiary of Textron Inc.) expanded their business of Bonn, Germany headquarters. The new building is 4000 sq. meters including 2500 sq. meters of seven open-plan offices holding up to 240 employees, meeting rooms and a new 560 sq. meter canteen seating up to 500. They operated sales, designed engineering and others in the new plant. This expansion has helped the company to increase their operations.

The company has presence in North America, South America, Asia-Pacific and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as McCord Corp (U.S.), Kautex Japan Inc. (Japan) among others.

Plastic Omnium:

Plastic Omnium is headquartered in Levallois Cedex, France and was founded in year 1946. The company is engaged in developing innovative products and solutions for automotive industry. The company operate in multiple business segments such as plastic omnium industries and plastic omnium modules out of which plastic omnium industries is the market focused segment. The company offers various industries under categories such as intelligent exterior systems and clean energy systems among which clean energy systems is the market focused category.

For instance,

• In November 2019, Plastic Omnium won a contract from a German car company for the improvement of 350-bar hydrogen tanks. Through this contract, the company involved the supply of equipment for buses and it was said to be the largest project in Europe for this type of vehicle. This contract has helped the company to gain more revenue.

The company has presence in North America, South America, Asia, Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Inergy Automotive Systems SAS (France), Plastic Omnium Auto Inergy (USA) LLC (U.S.), RMS Rotherm Maschinenbau GmbH (Germany), Plastic Omnium Auto Exteriors, LLC (France), Performance Plastics Products, Inc. (U.S.) and others.

TI Fluid Systems:

TI Fluid Systems is headquartered in Oxford, U.K. and was founded in 1922. The company is engaged in manufacturing and supplying of fluid carrying systems, fuel tank and delivery systems. The company operate in multiple business segments such as fluid carrying systems ("FCS") and fuel tank and delivery systems ("FTDS") out of which fuel tank and delivery systems ("FTDS") is the market focused segment. The company has industries under categories such as fluid carrying systems and fuel tank & delivery systems in which fuel tank & delivery systems is the market focused category.

For instance,

• In January 2018, TI Fluid Systems announced the product partnership with Karma Automotive. Through this partnership, the TI Fluid Systems provides blow moulded plastic fuel tanks for Karma Automotive’s luxury electric vehicle program. This technology allowed the low weight plastic tanks to handle the high vapour pressures that were created in extended range of electric vehicles (EREVs). This partnership has helped the company to generate more revenue.

The company has global presence in Europe, Asia-Pacific, North America, South America and Middle East & Africa. In addition, the company also generates revenue through the subsidiaries such as Bundy Colombia ASA (Colombia), TI Automotive Pamplona SL (Spain), TI Automotive Japan Ltd (Japan), TI Automotive (Ettlingen) GmbH) GmbH (Germany), Hanil Tube India Private Limited (India) and others.