Press release
Automotive Fuel Tank Caps and Locks Market : Asia Pacific holds the largest market share, 2016 - 2026
Automotive Fuel Tank Caps and Locks Market
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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Automotive Fuel Tank Caps and Locks Market: Drivers and Restraints
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.
Automotive Fuel Tank Caps and Locks Market: Segmentation
On the basis of vehicle type, the automotive fuel tank caps and locks market can be segmented as follows:-
• Light vehicles (cars, motorcycles)
• Heavy vehicles (trucks, buses)
On the basis of product types, the automotive fuel tank caps and locks market can be segmented as follows:-
• Vented
• Non-vented
• Locking
• Non-locking
• With knobs
• With legs
On the basis of lock type, the automotive locking fuel tank caps and locks market can be segmented as follows:-
• Sideways lock
• Center lock
On the basis of product style, the automotive fuel tank caps and locks market can be segmented as follows:-
• Chrome finish push in
• Plastic screw
• Plastic push and turn
• Metal bayonet
On the basis of market, the automotive fuel tank caps and locks market can be segmented as follows:-
• Original Equipment Manufacturer (OEM)
• Aftermarket
Automotive Fuel Tank Caps and Locks Market: Region Wise Outlook
The global automotive fuel tank caps and locks market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. Asia Pacific holds the largest market share in the automotive fuel tank caps and locks market. The leading automotive fuel tank caps and locks markets in Asia Pacific are China and India owing to the increased sales of automobiles in the country. Japan also has a significant share in the automotive fuel tank caps and locks market due to the increasing automobile industry. North America holds the second position in automotive fuel tank caps and locks market. Regions such as Latin America, Europe holds a significant market share due to the large number of automobile industry in this region and also the increasing number of automobile users. Middle East and Africa are at nascent stage in the automotive fuel tank caps and locks market and is expected to show a modest CAGR in the forecast period.
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Automotive Fuel Tank Caps and locks Market: Key Players
Some of the key players in the global Automotive Fuel Tank Caps and locks market are as follows:
• Gates Corporation
• Fueloyal Inc
• Autocaps Aust Pty Ltd
• Tridon Australia
• Stant
• Gaslock
• Hartwig Fuel Cell Repair
• Ronis
• Velvac Inc.
• Newton Equipment Ltd
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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