Electric Vehicles Demand on the Rise Automotive Fuel Nozzle Market Still Booming
United States has one of the largest automotive markets in the world with around 838 vehicles per 1,000 people. Almost 90% of households reported having access to at least one vehicle which showed a growth by 8.9% from past 5 years. Coming to electric vehicles, they have small fraction of the car market, which are dominated by the gasoline and diesel engines at large. Even if 100% of the vehicles sold are electrified, it is hard to replace the on road vehicles with internal combustion engines in near 20-25 years. This in turn promises for a stable and growing market for fuel nozzle across the globe.
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Automotive Fuel Nozzle Market Segmentation
Based on engine type, the automotive fuel nozzle market can be divided into:
- Diesel engine
- Gasoline engine
Based on the type of vehicle, the automotive fuel nozzle market can be divided into:
- Passenger vehicles
- Commercial vehicles
Based on the type of nozzle, the automotive fuel nozzle market can be divided into:
- Automatic Nozzle
- Manual Plastic Nozzle
Based on sales channel, the automotive fuel nozzle market is segregated into:
- OEM (Original Equipment Manufacturers)
- Aftermarket
Based on the region, the automotive fuel nozzle market is segmented into:
- North America
- Europe
- Asia Pacific
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Who are the Key Players in the Automobile Fuel Nozzle Market?
Some of the key players in the automotive fuel nozzle market are
- ELAFLEX HIBY
- OPW Div
- & Tokheim India Pvt. Ltd
- WEH Technologies Inc.
- Newberry Tanks & Equipment LLC
- Shaw Development
- LLC. Tank Truck Service & Sales Inc.
- Becker & Associates Inc.
- Lumen Instruments
Leading manufacturers in India are:
- Chintan Engineers
- Broil Sensotek Industries
- SKM Instruments
- Sri Sakhti Automation
- Hacop Pumps Private Limited and Kannan Hydrol & Tools
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What is the Regional Standpoint in Automotive Fuel Nozzle Market?
On an average, the age of vehicles running on road is almost 10 years in North America. Even if the government wants to electrify automobile market, they cannot do. People in North America prefer more of a petrol powered vehicles as they enjoy the use of high performance cars with more speed.
Most of the fuel stations out of all European countries are accounted by Italy itself. By the end of 2019, Italy was operating more than 21,000 fuel stations which was around 15% of entire European countries and it’s still growing. The demand of vehicles in European region are more of superior performance, which requires fuel-efficient system with precise engineering, seems impossible without gasoline and diesel engines.
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