Kautex, Plastic Omnium and TI Fluid Systemsare Dominating the Global Fuel Tank Market in 2019

Global Fuel Tank Market is expected to grow with the CAGR of 4.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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Global 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 global fuel tank market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

Kautex is the dominating player in global fuel tank market. The other key players existing in the market includes TI Fluid Systems, Yachiyo Industry Co., Ltd, Magna International Inc, Plastic Omnium, Unipres Corporation, ContiTech AG, SMA Serbatoi SpA, FTS CO.,LTD, SRD HOLDINGS Ltd, Hwashin, Dali & Samir Engineering Pvt. LTD, Bellsonic Corporation, Crefact Corporation, Boyd Welding LLC, Elkamet Kunststofftechnik GmbH, Salzburger Aluminium Group, Central Precision Limited, Arrow Radiators (Melksham) Ltd among others.

Kautex

Kautex headquartered in Bonn, Germany, was founded in year 1935. The company is engaged in developing and producing blow-molded fuel systems, selective catalytic reduction systems, clear vision systems, engine camshafts and plastic industrial packaging solutions. The company offers wide range of product categories such as advanced fuel systems, conventional fuel systems, selective catalytic reduction system, clear vision systems, CWC textron castings out of which advanced fuel systems is the market focused product category.

  • 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 plans to consider a range of options, including a sale, tax-free spin-off, or other transactions. The company is exploring strategic alternatives so that they can position Kautex to the best serve its customers for ongoing success while simultaneously unlocking potential value for shareholders.

The company has presence in North America, Europe, South America, Asia-Pacific. The company has few subsidiaries such as McCord Corp (U.S), Kautex Japan Inc. (Japan).

Plastic Omnium

Plastic Omnium headquartered in Levallois Cedex, France was founded in year 1946. The company is engaged in developing innovative products and solutions for automotive industry. The company offers wide range of product categories such as intelligent exterior systems, clean energy systems out of which clean energy systems is market focused product categories.

  • In December 2017, Plastic Omnium acquired SWISS HYDROGEN AND OPTIMUM CPV, a Swiss company, specialized within the design and generation of solutions for the administration and control of vitality in fuel cell frameworks devoted to mobility. Optimum CPV, a Belgian company specialized, within the plan and generation of tanks in fiber composite for the capacity of pressurized hydrogen. This acquisition has helped the company to strengthen their product portfolio.

The company has wide global presence across the globe such as North America, Europe, South America, Asia, Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such 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., which was founded in 1922. The company is engaged in manufacturing and supplies of fluid carrying systems, fuel tank & delivery systems. The company has product categories which are fluid carrying systems, fuel tank & delivery systems among which the fuel tank & delivery systems is market focused category.

  • In January 2018, TI Fluid Systems announced the product partnership with Karma Automotive. Through this partnership, the TI Fluid Systems provides blow molded 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 wide global presence in Europe, Asia-Pacific, North America, South America, Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such 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.