Global Automotive Evaporative Emission Control System (EVAP) Market Research Report: by Part (Fuel Tank, Vent Hoses, Purge Valve/Sensor, EVAP Canister, Fuel Tank Pressure Sensor, Liquid-vapor Separator, Fuel Level Sensor and Gas Cap), by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle and Two-wheelers), by Distribution Channel (OEM and Aftermarket) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027
ID: MRFR/AM/8615-HCR | February 2021 | Region: Global | 130 pages
Market Scenario
The Evaporative Emission Control (EVAP) System seals the fuel system of the vehicle to prevent fuel vapors from the fuel tank and fuel system from escaping into the atmosphere. This is important because fuel vapors contain a variety of hydrocarbons. Hydrocarbons form smog when they react with air and sunlight. Gasoline evaporates very quickly, so if the fuel system is open to the atmosphere a vehicle can pollute 24 hours per day without even being turned on. These uncontrolled evaporative emissions account for as much as 20% of the pollution produced by a vehicle.
Global Automotive Evaporative Emission Control System (EVAP) Market size is anticipated to register a CAGR of 4% between 2020 and 2026 to reach an approximate value of USD 60 Billion by 2026.
The automotive evaporative emission control (EVAP) system market is driven due to the increasing demand for eco-friendly vehicles which are expected to emit fewer hydrocarbons and should have less impact on the environment. Governments of various countries/cities like California, Germany, and the U.K., are introducing various stringent policies with regards to reduction or control of emission rates of vehicles to protect the environment from harmful VOCs. An increase in demand for vehicles is expected to boost the demand for the automotive evaporative emission control system (EVAP) during the forecast period. The rising demand for electrical vehicles is likely to restrain the automotive evaporative emission control system (EVAP) market.
Key players operating in the global automotive evaporative emission control (EVAP) system market include SenTec Group (Switzerland), The Plastic Omnium Group (France), Eagle Industry Co., Ltd. (Japan), Delphi Technologies (UK), TI Automotive (UK), Plastic Fuel Systems (China), Didac International (India), Padmini VNA Mechatronics Pvt Ltd (India), Stant Corporation (Indiana), Robert Bosch GmbH (Germany), Okay Motor Products Hangzhou Inc. (China), and Standard Motor Products Inc. (US).
The global automotive evaporative emission control (EVAP) system market can be segmented based on component, vehicle type, sales channel, and region. Based upon component, the automotive evaporative emission control (EVAP) system market can be bifurcated into fuel tank, vent hoses, purge valve/sensor, EVAP canister, fuel tank pressure sensor, liquid-vapor separator, fuel level sensor, and gas cap.
Based on vehicle type, the automotive evaporative emission control (EVAP) system market can be classified into passenger vehicle, light commercial vehicle, heavy commercial vehicle, and two-wheelers. The passenger vehicle segment is anticipated to grow at a significant rate in the coming years.
In terms of sales channel, the global automotive evaporative emission control (EVAP) system market can split into OEM and aftermarket. The OEM distribution channel segment held a significant share in the global market in 2019.
Global Automotive Evaporative Emission Control System (EVAP) Market size is anticipated to register a CAGR of 4% between 2020 and 2026 to reach an approximate value of USD 60 Billion by 2026.
Market Segmentation
The global automotive evaporative emission control system (EVAP) market is expected to witness decent growth during the forecast period owing to increasing demand for eco-friendly vehicles, favorable government regulations, and increasing demand for vehicles. This is likely to drive the demand for automotive evaporative emission control systems (EVAPs) products in the coming years.
Based on the region, the automotive evaporative emission control (EVAP) system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The Asia Pacific automotive evaporative emission control (EVAP) system market is anticipated to expand at a significant CAGR during the forecast period due to the increasing demand for vehicles and rising per capita income in the region. In addition, China and India are major producers of automobiles, which in turn, is likely to be a major factor that fuels the automotive evaporative emission control (EVAP) system market in Asia-Pacific during the forecast period.
Key Players
Key players operating in the global automotive evaporative emission control (EVAP) system market include SenTec Group (Switzerland), The Plastic Omnium Group (France), Eagle Industry Co., Ltd. (Japan), Delphi Technologies (UK), TI Automotive (UK), Plastic Fuel Systems (China), Didac International (India), Padmini VNA Mechatronics Pvt Ltd (India), Stant Corporation (Indiana), Robert Bosch GmbH (Germany), Okay Motor Products Hangzhou Inc. (China), and Standard Motor Products Inc. (US).
Intended Audience
- Government and Research Organization
- Consulting Companies in the Automotive Evaporative Emission Control System (EVAP) Market
- Raw Material Suppliers
- Research Consultants
- Investors and Shareholders
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2026 : USD 60 Billion |
| CAGR | 4% (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Part, Vehicle Type, Distribution Channel |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | SenTec Group (Switzerland), The Plastic Omnium Group (France), Eagle Industry Co., Ltd. (Japan), Delphi Technologies (UK), TI Automotive (UK), Plastic Fuel Systems (China), Didac International (India), Padmini VNA Mechatronics Pvt Ltd (India), Stant Corporation (Indiana), Robert Bosch GmbH (Germany), Okay Motor Products Hangzhou Inc. (China), and Standard Motor Products Inc. (US) |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The global automotive evaporative emission control system (EVAP) market is predicted to grow at a 4% CAGR between 2020- 2026.
The global automotive evaporative emission control system (EVAP) market is predicted to reach USD 60 billion by 2026.
Asia Pacific will lead the automotive evaporative emission control system (EVAP) market.
Demand for eco-friendly cars is driving the global automotive evaporative emission control system (EVAP) market growth.
Key contenders profiled in the global automotive evaporative emission control system (EVAP) market include SenTec Group (Switzerland), The Plastic Omnium Group (France), Eagle Industry Co., Ltd. (Japan), Delphi Technologies (UK), TI Automotive (UK), Plastic Fuel Systems (China), Didac International (India), Padmini VNA Mechatronics Pvt Ltd (India), Stant Corporation (Indiana), Robert Bosch GmbH (Germany), Okay Motor Products Hangzhou Inc. (China), and Standard Motor Products Inc. (US).