Market Overview:
The global automotive capless fueling devices market is estimated to be valued at US$ XX Mn in 2018 and is projected to grow at a CAGR of YY% over the forecast period 2018-2030. The market growth can be attributed to the increasing demand for fuel-efficient vehicles and rising concerns over vehicle security. On the basis of type, the global automotive capless fueling devices market has been segmented into OEM and aftermarket. The OEM segment is expected to account for a larger share of the global automotive capless fueling devices market in 2018. This can be attributed to factors such as increasing demand for fuel-efficient vehicles and rising concerns over vehicle security among consumers. However, the aftermarket segment is projected to grow at a higher CAGR during the forecast period owing to technological advancements in this segment coupled with growing consumer awareness about these products.
Product Definition:
An automotive capless fueling device is a system that allows fuel to be dispensed from a vehicle without the use of a fuel cap. The devices are becoming more common as automakers seek to reduce the weight of their vehicles and improve fuel economy.
OEM:
OEM stands for Original Equipment Manufacturer. It is a company that manufactures parts and accessories used in another company’s product. For instance, if Ford Motor Company produces the fuel injection components for Mercedes-Benz vehicles, then it would be considered an OEM of Mercedes-Benz. The other example where Apple Inc produced the original design concept of iPhone but now it is a part of Samsung Electronics Co., Ltd., which also makes mobile phones among other electronic products.
Aftermarket:
Aftermarket is the second largest part of the total value chain for automotive capless fueling devices market. It comprises components such as repair & maintenance, refurbishment, replacement and customization services. The demand for aftermarket products in developed countries like U.S., Germany and Japan is expected to witness significant growth owing to increasing consumer awareness regarding vehicle safety issues coupled with stringent government regulations pertaining to emission control standards in these countries.
Application Insights:
The passenger vehicles segment dominated the global automotive capless fueling devices market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to increasing demand for passenger vehicles in developing countries such as India and China on account of growing middle-class population, improved employment scenario and rising disposable income. Moreover, manufacturers are launching new products to gain a competitive edge over their rivals in order to retain existing customers and attract new ones. For instance, Toyota Motor Corporation introduced a fuel cap with LED light indicator system that indicates when it is time to change the oil or refuel your car; this will help drivers maintain vehicle maintenance schedule without having them peeking inside their cars¢â‚¬â„¢ engine bay everytime they fill up with fuel money.
Passenger vehicle sales are projected to grow at an anticipated CAGR of XX%, from 2018 through 2030 globally according double-capped bottles per capita statistics by Sourcegear Research Inc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing disposable income, presence of a large consumer base and improving vehicle affordability. In addition, rising sales of premium cars in China are anticipated to drive demand for capless fueling devices in this region. Europe accounted for more than 25% share of global revenue in 2017 owing to high demand from European countries such as Germany and France. Moreover, growing adoption by OEMs is projected to fuel industry growth over the next eight years. North America also has a significant market share due its high penetration rate with respect to aftermarket services offered by companies such as APEI (The Accessory Programmers Association) and CPA (The Tire Rack).
Latin America has been witnessing steady growth since past few years on account of increasing automotive production coupled with improved economic conditions across major countries including Brazil.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global automotive market is witnessing a shift towards fuel-efficient vehicles. This is driving the demand for capless fueling devices as they offer a quicker and easier refueling experience without any spillage.
- Rising popularity of electric and hybrid cars: Electric and hybrid cars are becoming increasingly popular, especially in developed countries such as the US and Japan. This is boosting the demand for capless fueling devices as they are compatible with these types of vehicles.
- Growing number of fleet operators: The number of fleet operators is growing rapidly across the world due to rising urbanization and increasing business opportunities. This is leading to an increase in the demand for capless fueling devices as they offer a quick refueling experience without any mess or spillsage.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Capless Fueling Devices Market Research Report
By Type
OEM, Aftermarket
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Illinois Tool Works (ITW), Toyoda Gosei, Stant Corporation, Gerdes GmbH, Illinois Tool Works (ITW)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Capless Fueling Devices Market Report Segments:
The global Automotive Capless Fueling Devices market is segmented on the basis of:
Types
OEM, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Illinois Tool Works (ITW)
- Toyoda Gosei
- Stant Corporation
- Gerdes GmbH
- Illinois Tool Works (ITW)
Highlights of The Automotive Capless Fueling Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEM
- Aftermarket
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Capless Fueling Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive capless fueling devices are a type of fuel injection system that allow the user to fill up their tank without having to remove the cap. This is done by using a small tube that goes from the fuel pump directly into the gas tank.
Some of the key players operating in the automotive capless fueling devices market are Illinois Tool Works (ITW), Toyoda Gosei, Stant Corporation, Gerdes GmbH, Illinois Tool Works (ITW).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Capless Fueling Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Capless Fueling Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Capless Fueling Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Capless Fueling Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Capless Fueling Devices Market Size & Forecast, 2018-2028
4.5.1 Automotive Capless Fueling Devices Market Size and Y-o-Y Growth
4.5.2 Automotive Capless Fueling Devices Market Absolute $ Opportunity
Chapter 5 Global Automotive Capless Fueling Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Capless Fueling Devices Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Capless Fueling Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Capless Fueling Devices Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Capless Fueling Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Capless Fueling Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Capless Fueling Devices Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Capless Fueling Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Capless Fueling Devices Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Capless Fueling Devices Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Capless Fueling Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Capless Fueling Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Capless Fueling Devices Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Capless Fueling Devices Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Capless Fueling Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Capless Fueling Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Capless Fueling Devices Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Capless Fueling Devices Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Capless Fueling Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Capless Fueling Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Capless Fueling Devices Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Capless Fueling Devices Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Capless Fueling Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Capless Fueling Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Capless Fueling Devices Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Capless Fueling Devices Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Capless Fueling Devices Market: Competitive Dashboard
14.2 Global Automotive Capless Fueling Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Illinois Tool Works (ITW)
14.3.2 Toyoda Gosei
14.3.3 Stant Corporation
14.3.4 Gerdes GmbH
14.3.5 Illinois Tool Works (ITW)
