Market Overview:
The global automotive capless refueling system market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for fuel-efficient vehicles and the growing trend of downsizing engines. Passenger vehicles are expected to account for a larger share of the global automotive capless refueling system market during the forecast period. North America is expected to dominate the global automotive capless refueling system market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
The automotive capless refueling system is a mechanism that allows fuel to be dispensed from a vehicle's fuel tank without the need for a traditional gasoline cap. The system is typically operated by depressing a button or lever on the vehicle's fuel filler neck, which opens a valve and allows fuel to flow into the tank.
OEM:
OEM is short for Original Equipment Manufacturer. It’s a company that manufactures the complete automobile from engine to drive train and body. In the case of automotive, OEM can be used for any company that makes parts or components for another company’s product.
Aftermarket:
Aftermarket is the secondary market of the value chain for automobiles. It refers to all non-factory related activities that are carried out with respect to vehicles after purchase by individuals, companies or government agencies. Aftermarket can be defined as all those services and products which are carried out without involvement of a factory or any other OEM (Original Equipment Manufacturer).
Application Insights:
The passenger vehicles segment accounted for the largest revenue share of over 70% in 2017. The growing demand for electric and hybrid cars is expected to drive the demand for capless refueling system in passenger vehicles over the forecast period.
Commercial Vehicles are anticipated to be one of the fastest-growing application segments owing to rising fuel prices, increasing environmental concerns and government initiatives regarding reducing carbon emissions from commercial transport. Growing emphasis on fuel conservation has resulted in a rise in adoption of these systems among large commercial vehicle owners such as logistics companies and rental car agencies.
Cappless refueling systems help reduce wastage caused due to contamination during fueling by dispensing liquid directly into tanks through a filler neck opening without exposing operators or customers¢â‚¬â„¢ faces towards potential risks caused by exposure towards spills & leaks during fueling operations at filling stations, thereby driving their adoption across all Commercial Vehicle types including trucks, buses, tankers etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing disposable income, rising vehicle ownership, and government initiatives for promoting passenger car sales in China and India. Europe accounted for a significant share of global revenue in 2017 owing to high demand from countries such as France, Germany, Italy, Spain among others. North America is also projected to have a positive outlook on growth over the next eight years due to increasing adoption by OEMs of aftermarket systems. For instance; In January 2018; Bosch Automotive Aftersales eV GmbH & Co., announced its collaboration with ZF Friedrichshafen AG & Co.
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 refueling systems, as they offer a quicker and easier refueling experience without any spillage.
- Rising popularity of electric and hybrid vehicles: Electric and hybrid vehicles are becoming increasingly popular due to their low emissions and environmental benefits. Capless refueling systems are particularly beneficial for these types of vehicles as they do not require any hoses or caps that could obstruct the airflow or create leaks.
- Growing number of luxury car owners: The global luxury car market is growing rapidly, with sales expected to reach 2 billion by 2020 . Luxury car owners often prefer capless refueling systems as they provide a more convenient fueling experience with no mess or spills.
- Proliferation of self-service gas stations: As the cost of owning and operating a vehicle continues to rise, more people are opting for self-service gas stations instead of full service stations . This is benefiting the capless refueling system market as these stations typically use automated pumps that do not require any caps or hoses to be inserted into the nozzle during refilling operations..
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Capless Refueling System Market Research Report
By Type
OEM, Aftermarket
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Illinois Tool Works (ITW), Toyoda Gosei, Gerdes GmbH, Stant Corporation
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Capless Refueling System Market Report Segments:
The global Automotive Capless Refueling System 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
- Gerdes GmbH
- Stant Corporation
Highlights of The Automotive Capless Refueling System 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 Refueling System 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
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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?
An automotive capless refueling system is a type of fuel dispenser that does not require the user to remove the cap from the fuel tank before refilling. This system uses a sensor to detect when the vehicle's gas tank is full, and then dispenses only what is needed without having to remove the cap.
Some of the major players in the automotive capless refueling system market are Illinois Tool Works (ITW), Toyoda Gosei, Gerdes GmbH, Stant Corporation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Capless Refueling System 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 Refueling System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Capless Refueling System 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 Refueling System 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 Refueling System Market Size & Forecast, 2018-2028
4.5.1 Automotive Capless Refueling System Market Size and Y-o-Y Growth
4.5.2 Automotive Capless Refueling System Market Absolute $ Opportunity
Chapter 5 Global Automotive Capless Refueling System 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 Refueling System 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 Refueling System 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 Refueling System 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 Refueling System 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 Refueling System 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 Refueling System Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Capless Refueling System 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 Refueling System 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 Refueling System 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 Refueling System Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Capless Refueling System 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 Refueling System 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 Refueling System 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 Refueling System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Capless Refueling System 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 Refueling System 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 Refueling System 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 Refueling System Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Capless Refueling System 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 Refueling System 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 Refueling System 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 Refueling System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Capless Refueling System 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 Refueling System 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 Refueling System 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 Refueling System Market: Competitive Dashboard
14.2 Global Automotive Capless Refueling System 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 Gerdes GmbH
14.3.4 Stant Corporation
