Market Highlights
Global Automotive Evaporative Emission Control System (EVAP) Market Size is anticipated to register a CAGR of 4% between 2021 and 2027 to reach an approximate value of USD 60 Billion by 2027. 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, 2020–2027
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Automotive Evaporative Emission Control System (EVAP) Market Size to Witness a Healthy Growth over 2027-Press release image-00
In 2019, Asia-Pacific contributed significantly in the Automotive Evaporative Emission Control System (EVAP) Market Size in terms of share: MRFR
Based on 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. 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 size is anticipated to register a CAGR of 4% between 2020 and 2027 to reach an approximate value of USD 60 Billion by 2027.
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Drivers
Automotive Evaporative Emission Control System (EVAP) Market Size to Witness a Healthy Growth over 2027-Press release image-01
Scope of the Report
This report provides an in-depth analysis of the global Automotive Evaporative Emission Control System (EVAP) Market Size, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Evaporative Emission Control System (EVAP) Market Size by part, vehicle type, distribution channel, and region.
Product
Fuel Tank
Vent Hoses
Purge Valve/Sensor
EVAP Canister
Fuel Tank Pressure Sensor
Liquid-vapor Separator
Fuel Level Sensor
Gas Cap
Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Two-wheelers
Technology
OEM
Aftermarket
By Region
North America
Asia-Pacific
Europe
Rest of the World
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).
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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