Thursday, January 5, 2023

Automotive Carbon Canister Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos


 The automotive carbon canister market is expected to grow at a steady rate of around 5% owing to the surge in consumer and passenger automobile production. An automotive-activated carbon canister is a device that stores and captures fuel vapor and releases purified air, thereby safeguarding the air and the general climate from unburned fuel vapor. The carbon canister is typically situated at the lower part of the gas tank to gather vapor of gas including hydrocarbons and carbon dioxide. The activated carbon canister is of incredible importance to vehicles, and the exhibition of the actuated carbon canister works on the control of auto fuel evaporative discharges.

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The major key factors such as increasing air pollution due to industrialization, the high demand for compact engines, and the expansion in carbon fuel byproducts are further expected to drive the automotive carbon canister market during the forecast period. For instance, according to the United Nations Environment Programme (UNEP), air pollution is the greatest environmental threat to public health globally and accounts for an estimated 7 million premature deaths every year.

Based on vehicle type, the market is segmented into passenger vehicle and commercial vehicle. The passenger vehicle category is to witness the fastest growth rate during the forecast period. This is mainly due to rising ambient temperature and heat all over the globe is also increasing the temperature of vehicle fuel tanks. As a result of this, fuel in the fuel tank also gets evaporated which tends to cause fuel loss.

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Based on the sales channel, the market is categorized into OEM and aftermarket. Among these, the OEM category is to witness the fastest growth rate during the forecast period. Owing to rising worldwide air pollution and the government has imposed stringent norms to curb fuel emissions and made it mandatory for all automotive OEMs to install carbon canister devices in their vehicles.

APAC to witness the fastest growth

For a better understanding of the market adoption of the automotive carbon canister industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at the fastest rate during the forecast period. This is mainly due to the rising awareness of eco-friendly product development. Moreover, the presence of major OEMs in developing countries is the major factor that is maintaining the lucrative growth of the market in the Asia Pacific. In addition, the growing preference for the fuel-efficient engine as well as light commercial vehicles can be considered the factors that drive the growth of this market in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the automotive carbon canister market are Robert Bosch GmbH, Continental AG, HELLA GmbH & Co. KGaA, Ingevity, ACDelco, Ford Motor Company, Nissan Motor Co. Ltd., ROKI Holding Co. Ltd., Toyota Motor Corporation, Mopar.

“Global Automotive Carbon Canister Market provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.   

Market Segmentation:

1.      By Vehicle Type (Passenger Vehicle and Commercial Vehicle)

2.      By Sales Channel (OEM and Aftermarket)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (Robert Bosch GmbH, Continental AG, HELLA GmbH & Co. KGaA, Ingevity, ACDelco, Ford Motor Company, Nissan Motor Co. Ltd., ROKI Holding Co. Ltd., Toyota Motor Corporation, Mopar)

Key questions answered in the study:

1.      What are the current and future trends of the global automotive Carbon Canister Market?

2.      How the industry has been evolving in terms of vehicle type and sales channel?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Automotive Carbon Canister Market?

5.      What is the customer orientation, purchase behavior, and expectations from the global Automotive Carbon Canister Market suppliers across various region and countries? 

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