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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