Automotive Carbon Canister Market: Current Analysis and Forecast (2021-2027)

Automotive Carbon Canister Market: Current Analysis and Forecast (2021-2027)

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.

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.
• On the basis of 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.
• 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.
• Some of the major players operating in the market include 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.