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Automotive Evaporative Emission Control System Market
Automotive Evaporative Emission Control System Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028
The Automotive Evaporative Emission Control System Market was estimated at USD 43.71 Billion in 2021 and is likely to grow at a CAGR of 5.27% during 2022-2028 to reach USD 63.08 Billion in 2028.
Automotive evaporative emission control system is basically designed to minimize or eliminate the release of vaporized hydrocarbons into the atmosphere by sealing the fuel system of the vehicle. This is important as hydrocarbons form smog when come in contact and react with air and sunlight.
Major factors such as growing demand for environmental-friendly vehicles, favorable government regulations and policies, underpinning the automotive manufacturing industry, and growing R&D activities for using magnesium in automotive.
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Automotive Evaporative Emission Control System Market - Snapshot |
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Growth |
CAGR of 5.27% |
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Major Vehicle Type |
HCV |
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Major Component Type |
Canister |
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Major Distribution Channel Type |
OEM |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Delphi Technologies, Didac International, Eagle Industry Co., Ltd., Okay Motor Products Hangzhou Inc., Padmini VNA Mechatronics Pvt. Ltd., Plastic Fuel Systems, Robert Bosch, Sentec Group, Standard Motor Products, Inc., and Stant Corporation. |
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The market is segmented as PCV, LCV, HCV, and two-wheelers. HCV is anticipated to witness significant growth rate in the market owing to the growing demand from logistic and construction industry during the forecast period. Factors such as high evaporative and tail pipe pollution from HCVs, making the vehicle manufacturers incorporate EVAP systems and increasing freight transportation demand along with the growing trade activities are further expected to drive the segment’s growth during the forecast period. Also, two-wheelers are estimated to hold significant share of the market on account of the growing two-wheelers’ demand for personal and commercial transportation, fueling the overall industry growth over the forecast period.
The market is segmented as fuel tank, gas cap, liquid vapor separator, canister, control valve, sensors, and hoses. Canister is projected to hold a major share of the market during the forecast period. It traps the vapors generated by petrol evaporation contained in the fuel tank until it gets soaked by the activated carbon, fueling the growth of the segment over the forecast period. Further, liquid vapor separator is estimated to register significant growth owing to its fitment for preventing petrol from entering the EVAP canister.
The market is segmented as OEM and aftermarket. OEM is estimated to account for a significant share of the market, in terms of volume, owing to the innovations of advanced technology and adoption of systems to adhere to vehicular pollution standards during the forecast period. In addition, aftermarket is estimated to witness substantial growth rate on account of increase in the number of incidences of defects in emission control systems over the forecast period.
Asia-Pacific is anticipated to be the leading region in the market on account of growing vehicles production in order to meet consumers’ demand during the forecast period. Further, increasing government initiatives to minimize vehicular pollution and for clean transportation are expected to provide growth opportunities over the forecast period. On the other hand, Europe is also estimated to witness significant growth rate in the market, attributed to the presence of key industry players during the forecast period.
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This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Automotive Evaporative Emission Control System Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The automotive evaporative emission control system market is segmented into the following categories:
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Some of the key players in the automotive evaporative emission control system market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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The market is expected to witness an impressive growth of 5.27% CAGR in the foreseeable future.
Delphi Technologies, Didac International, Eagle Industry Co., Ltd., Okay Motor Products Hangzhou Inc., Padmini VNA Mechatronics Pvt. Ltd., Plastic Fuel Systems, Robert Bosch, Sentec Group, Standard Motor Products, Inc., and Stant Corporation are among the key players in the market.
Asia-pacific is expected to remain the leading region in the market during the forecast period of 2021-2026.
HCV is expected to witness significant growth rate in the market in the coming five years.
Growing demand for environmental-friendly vehicles, favorable government regulations and policies, underpinning the automotive manufacturing industry, and growing R&D activities for using magnesium in automotive are the factors driving the growth of the market.
Canister is expected to hold the major share in the market in the coming years.
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