Automotive Capless Device Market: Current trends, Opportunities and challenges

Automotive Cap less Device Market: Overview

A capless fuel filler makes refueling your car a lot easier. A capless automotive fueling system has a funnel with a port open to receive a fuel filling nozzle. There’s no need to remove the gas cap before inserting he hose. Instead, the hose has to be directly inserted into the filler. There’s a small spring loaded flap in the filler neck which prevents gas fumes from escaping from the fuel tank.

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It reduces the fumes because there is no waiting between the times the fuel nozzle is removed and when the fuel tank is sealed. Ford was one of the first manufacturers who introduced capless fuel system in their vehicles. The capless fuel system was interlinked with keyless entry system. When the car’s doors are locked, the capless fuel system gets locked too. This was introduced to reduce the stealing of fuel from cars.

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Automotive Cap less Device Market: Drivers & Restraints

The major factors which are boosting the growth of thermo chromic labels market are increasing use of automobiles. Fuel is the most important factor required to run a vehicle, and to store fuel, there’s a need for fuel tank. The increasing use of automobiles across the planet has increased the demand for the capless fuel system. The capless fuel system is a safe way to prevent the fuel from getting stolen, as it only opens when fuel nozzle is inserted into it. It also prevents fuel fumes from escaping which are few of the reasons driving the capless fuel system. The growth of capless fuel system is restricted to only automobiles for now as it is not incorporated in other machines which need fuel.

Automotive Cap less Device Market: Regional Outlook

In terms of regions, Europe accounts for significant share for Automotive Cap less Device Market, owing to the high growth and demand for automobiles in the region as compared to other developed regions. North America region accounts for a healthy share in terms of automotive cap less device primarily used in automobiles.

The passenger car in the region is anticipated to further add value to the Automotive Cap less Device Market in the region. In terms of developing region of Asia-Pacific, the growth of the capless device is significantly high and with comparatively high CAGR in forecast period owed to factors such as such as rapid economic development, globalization and increasing demand of the capless device in automotive industry and its sub-verticals.

Automotive Cap less Device Market: Key Players

Few of the key players in the market include, Toyoda Gosei, Stant, ITW, Ford. Ford being the pioneer of the cap less device, leads the market. Increase in the consumers looking for convenience has also driven the cap less device market up front

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