Automotive fuel vapor canister market registered 3.7% growth in 2017 – creating substantial incremental revenue opportunity for key OEM and aftermarket players. This is primarily a part of vehicle emission control systems that helps in capturing and measuring the fuel vapors from carburetor and the fuel tank. Automobile manufacturers started placing canister systems in onset of 1970s citing environmental concerns. A great amount of hydrocarbons are released in atmosphere due to emissions of gases from engines. This is detrimental to environment. Automotive vapor canister helps in burning these hydrocarbons instead of expelling it to environment. As such, it has been mandatory in most countries to have these systems placed in automobiles.
Rise in disposable income along with higher sales of automobiles will drive the demand or automotive vapor canister market worldwide. Furthermore, Regulatory compliances plays a key role in overall product sales. For instance, car manufacturers are mandated to install systems on their vehicles that help mitigate hydrocarbons. Similar such rules are placed across different parts of the country.
While the demand for canisters will register significant growth in next 6 years, increasing demand for electric vehicles could pose a major challenge to overall sales worldwide. The trend is likely to impact the sales in developed regions along with emerging economies (India and China).
Global Automotive Fuel Vapor Canister Market Analysis, By Vehicle Analysis
Passenger vehicles is bound to see a high influx of sales of vapor canisters in vehicles. This is attributed to the fact that passenger vehicles carries loads of weight and frequently runs on road by 15X as compared to that by personal usage cars and other vehicles.
Global Automotive Fuel Vapor Canister Market Analysis, By Product Type Analysis
By product type, activated charcoal accounted for majority of the global share. It accounted for over 83% of global share, followed by charred wood powder and other materials. Activated charcoal absorbs impurities to a large extent, thereby, helps in lowering the pressure.
Global Automotive Fuel Vapor Canister Market Analysis, By Distribution Channels
By distribution channel, OEM will dominate the global sales as companies are mandated to place vapor canisters before launching it on road. Thus all vehicles are equipped with these systems prior to launch. Aftermarket is certainly registering impressive growth owing to life span of these systems. Aftermarket offers huge market opportunity for numerous fragmented small scale players.
Global Automotive Fuel Vapor Canister Market Size and Forecast: Regional Analysis
Globally, Asia Pacific will dominate the global sales. Over 310 million vehicles are running on road in the region, of which 60% has reached half milestone of their lifespan. As such, not only OEM but also aftermarket is registering impressive growth in the region. Sales of automotive fuel vapor canister market will register 370 basis points during the forecast period. Western Europe with 28% market share is next to Asia Pacific.
Global Automotive Fuel Vapor Canister Market Size and Forecast: Competition Landscape
Some key players are Guangzhou Best Auto Parts Company Limited, Nanjing Depurate Catalyst Co., Ltd., Eagle Industry Co., Ltd., Stant Corporation, Aptiv PLC, Okay Motor Products Hangzhou Inc., and Robert Bosch GmbH.
By Product Type:
- Activated Charcoal
- Charred Wood Powder
By Distribution Channel:
- Passenger Vehicles
- Commercial Vehicles
What Will You Discover in the Report?
- An in-depth analysis of the Automotive Fuel Vapor Canister market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Automotive Fuel Vapor Canister market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Automotive Fuel Vapor Canister market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Automotive Fuel Vapor Canister industry during the forecast period
- Who are the Automotive Fuel Vapor Canister industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Automotive Fuel Vapor Canister Industry Suppliers
- Automotive Fuel Vapor Canister Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
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