Automotive Evaporative Emission Control System Market Share

Automotive Evaporative Emission Control System Market Overview

The Global Automotive Evaporative Emission Control System Market Size is expected to register a CAGR of 4% and will reach the Automotive Evaporative Emission Control System Market share of USD 70213.2 million by the end of the market forecast. Due to rising demand for eco-friendly automobiles, favorable government regulations, and rising vehicle demand, the market is predicted to rise steadily over the market Analysis period. In the next years, this is projected to fuel market demand. The vehicle's fuel systems are sealed using the Evaporative Emission Control System market revenue, and technology. This stops fuel vapors from escaping into the atmosphere from the fuel system and the fuel tank. Fuel vapors contain a variety of hydrocarbons that are potentially damaging to the environment. When these hydrocarbons react or come into contact with sunlight and air, they can generate and form a photochemical haze in the environment. Humans can develop a variety of respiratory problems as a result of exposure to photochemical haze. Even when the engine is shut off, gasoline has high volatility and evaporates quickly in the atmosphere. Furthermore, even when the car is inactive or parked, it can contaminate the environment. Automobile makers have been told to limit the Automotive Evaporative Emission Control System Industry from the vehicle's tailpipe. Gasoline and oils hold the majority of VOCs, which evaporate and escape into the atmosphere via the fuel system and engine.

COVID 19 Analysis

The COVID-19 epidemic has had a significant influence on people's lives all across the world. Every firm must fight the battle on both health and economic fronts and will be compelled to endure this forced recession including the market Growth and market Trends. With the global economic crisis costing trillions of dollars, there is concern that the recovery period will last far into early next year. The only way out of this spiral is to strategize your way through this pandemic upheaval, and we believe that businesses will greatly profit from our market insights. The pandemic of COVID-19 had a significant impact on the market and Automotive Evaporative Emission Control System Industry. With global passenger and commercial vehicle sales at all-time lows, demand for after-treatment systems was essentially non-existent. The aftermarket business of after-treatment systems has nearly vanished due to global lockdown and social distancing norms. However, with the progressive relaxation of regulations, the growing need for lower emissions from cars of all types, and tough emission standards imposed by governments around the world, the future market Trends for this industry appear to be bright during the market Analysis.

Market Dynamics

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  Drivers

  
  

The market Size and Share seal the vehicle's fuel system, preventing fuel vapors from leaking into the atmosphere from the fuel tank and fuel system. Because gasoline vapors contain a range of hydrocarbons, this is critical. When hydrocarbons react with air and sunshine, they produce smog. The market Growth is being driven by rising demand for environmentally friendly automobiles that are predicted to release fewer hydrocarbons and have a lower environmental impact. Governments in many countries/cities, such as California, Germany, and the United Kingdom, are enacting strict rules to reduce or restrict car emission rates to safeguard the environment from dangerous VOCs. During the projection period, an increase in vehicle demand is expected to raise Automotive Evaporative Emission Control System Market Demand. The Automotive Evaporative Emission Control System Market Revenue is projected to be constrained by increased demand for electric vehicles.

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  Restraints

  
  

The industry is expected to be restrained by the increasing adoption of hybrid and electric vehicles during the Automotive Evaporative Emission Control System Market Forecast. Consumer preferences are shifting toward alternative vehicles as a result of increased government measures like tax rebates and the building of supporting infrastructure. Furthermore, continuous efforts to minimize vehicle ownership costs are projected to stymie the global market for automotive evaporative emission control (EVAP) systems.

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  Technology Analysis

  
  

High pressure to force exhaust through the filtering system, lack of availability of these systems for biodiesel, passive regeneration system needing highway driving to remove collected soot, and complicated set-up for urea injection have all worked as roadblocks to market growth. However, by the end of the forecast period, the global automobile sector is rebounding, and production sites in developing countries like Mexico and India are expanding, creating new chances for market growth. Automobile manufacturers are heavily investing in research and development to develop cleaner vehicle technologies, which is propelling the market for automotive evaporative emission control systems. For efficient system operation, industry partners are merging onboard diagnostic sensors with the vehicle fuel system. The sector is expected to be driven by the introduction of enhanced system integration with the market.

Segment Overview

The Automotive Evaporative Emission Control System Market is further bifurcated into various segments depending on various factors to help the market grow as per the predicted CAGR growth by the end of the Automotive Evaporative Emission Control System Market Forecast period. The market has been segmented based on the following:

Based on the component, the Automotive Evaporative Emission Control System Market is segmented as follows:

• Fuel tank


• Vent hoses


• Purge valve/sensor


• EVAP canister


• Fuel tank pressure sensor


• Liquid-vapor separator


• Fuel level sensor


• Gas cap

Based on the vehicle type, the Automotive Evaporative Emission Control System Market is segmented as follows:

• Passenger vehicle


• Light commercial vehicle


• Heavy commercial vehicle


• Two-wheelers

Based on the sales channel, the Automotive Evaporative Emission Control System Market is segmented as follows:

• OEM


• Aftermarket

Based on the region, the Automotive Evaporative Emission Control System Market is segmented as follows:

• North America


• Europe


• Asia-Pacific


• The Rest of the World (RoW)

Regional Classification

Due to rising vehicle demand and per capita income in the region, the Asia-Pacific Automotive Evaporative Emission Control System Market is expected to grow at a substantial CAGR over the forecast period. Furthermore, China and India are major automobile producers, which is projected to be the major driver driving the Asia-Pacific Automotive Evaporative Emission Control System Market during the forecast period. The Automotive Evaporative Emission Control System Market was controlled by Asia-Pacific. Various governments have developed plans to increase electric vehicle infrastructure to reduce carbon emissions and reduce reliance on non-renewable energy sources. They provide funding to manufacturers to help them set up new factories and urge customers to buy. Despite numerous efforts, the demand for diesel-powered cars remains high, particularly in commercial trucks used for mass transportation or mining.

Competitive Landscape

The firms intend to enter the market by introducing or extending their product lines. Manufacturers have been pushed to develop innovative technology that reduces polluting gas emissions from the exhaust as a result of increasing demand from emission regulating agencies. As a result, manufacturers have had to raise their R&D spending to develop better exhaust after-treatment methods.

The Major Automotive Evaporative Emission Control System Market Key Players are as follows:

• SenTec Group (Switzerland)


• The Plastic Omnium Group (France)


• Eagle Industry Co., Ltd. (Japan)


• TI Automotive (UK)


• Plastic Fuel Systems (China)


• Delphi Technologies (UK)


• Didac International (India)


• Padmini VNA Mechatronics Pvt Ltd (India)


• Stant Corporation (Indiana)


• Robert Bosch GmbH (Germany)


• Okay Motor Products Hangzhou Inc. (China)


• Standard Motor Products Inc. (US)

Recent Developments

Bosch has stated that it is working on an efficient drive solution for commercial cars with diesel-fueled internal combustion engines. Engine and air control, fuel delivery, and exhaust gas after-treatment systems are all part of this product line.

Eaton and Tenneco teamed up to create an integrated thermal management system that would help commercial cars fulfill rigorous emission standards. This system directs heat to after-treatment systems, which can help to minimize dangerous exhaust emissions.

Report Outlook

This report is the result of a thorough research process that included comprehensive secondary research, in-depth primary interviews with industry stakeholders, and validation and triangulation using the research's internal database and statistical tools. The data was gathered from secondary sources for the market. The study provides market size and projections for market volume and value. The experimentation of the many elements influencing market dynamics, as well as essential and related industries, aids businesses in comprehending distinct consumer propositions.