Press release
Rapid Advancements in Automotive Fuel Tank Caps and Locks Market to Fuel Revenues Through 2026
The automotive fuel tank caps and locks, also known as gas caps with locks has evolved from simple plug-ins to more sophisticated plastic or metal caps with locks. The main purpose of automotive fuel tank caps and locks are to avoid the contamination of pollutants and rain water with the tank fuel which can lead to clogging of the fuel filters and fuel pumps.
They also prevent loss of fuel during rollover and impact situations, thus preventing the occupants from burns or death. The automotive fuel tank caps and locks have vents or valve to remove the pressure which might accumulate in the fuel tank in a controlled manner.
The other major uses of automotive fuel caps and locks are prevention of fuel theft and evaporation of harmful fuel vapours which can reduce mileage. The smart automotive fuel caps and locks available have sensors attached to it which sets an alarm whenever anyone tries to damage it. The fuel tank lock system has also improved with auto-lock and keys required only to unlock the cap.
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FACTS AT A GLANCE
Companies: Gates Corporation,Fueloyal Inc,Autocaps Aust Pty Ltd,Tridon Australia,Stant,Gaslock,Hartwig Fuel Cell Repair,Ronis,Velvac Inc.,Newton Equipment Ltd
Coverage: All major geographies and key segments
Segments: Automotive Fuel Tank Caps and Locks Market Segmented By vehicle type such as Light vehicles and Heavy vehicles having product types such as Vented, Non-vented, Locking, Non-locking, With knobs, With legs
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
The benefits of automotive fuel tank caps and locks over the traditional plug-ins such as robustness and less fuel evaporation are the driving factors for global automotive fuel tank caps and locks market. The stringent rules and regulations to the automobile manufacturers to reduce pollution caused by harmful emissions from automobiles has also fuelled the growth of automotive fuel tank caps and locks market. The growing safety concerns among automobile users can boost the automotive fuel tank caps and locks market.
The major drawback of steel fuel caps is that it gets heated up making it difficult to be removed. There is also a possibility of heat transfer through conduction from the atmosphere to the fuel tank by steel fuel caps causing catastrophic effect, which can lead to the slowdown of global metal fuel caps and locks market.
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