Fuel Filler Caps Market Benefits from Growth of Automotive Industry

The global fuel filler caps market is mainly driven by the growth of the automotive industry. A business intelligence publication by Transparency Market Research (TMR) points out various factors that could impact the growth of the fuel filler caps market over the 2017-2025 forecast timeframe. The report is titled “Fuel Filler Caps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

The growth of the automotive industry is primarily driving the fuel filler caps market. Cars, buses, trucks, and heavy commercial vehicles use fuel filler caps to prevent leakage of fuel. The defense sector stokes heavy demand for fuel filler caps for defense tanks and other vehicles to prevent fuel leakage that can lead to accidents. 

The fuel filler caps market could be segmented on the basis of raw material, type, end-user, and region. By raw material, the fuel filler caps market could be segmented into aluminum, polyethylene, stainless steel, polypropylene, and others. On the basis of type, the market could be divided into plastic, metal, and others. In terms of end-user, the fuel filler caps market could be classified into automotive, commercial and regional aviation industry, petroleum, chemical, and defense.

By geography, the fuel filler caps market could be divided into the key regions of North America, Latin America, Asia Pacific excluding Japan (APEJ), the Middle East and Africa, Western Europe, and Eastern Europe. Europe is the leading market for fuel filler caps as the region is home to some well-established automobile companies. North America stands as a significant market for fuel filler caps. This is because the region is a leading exporter of defense tanks and military vehicles.

Key companies operating in the global fuel filler caps market include Newton Equipment Ltd., Wisco Products, W.W. Grainger Inc., Demon Tweeks, Think Automotive Ltd., HOLMWOOD HIGHGATE, Partners Industrial Co. Ltd., Magna International Inc., MOTORSPORT CONNECTIONS PTY LTD, Anglo Parts, and Autocaps Aust Pty Ltd.


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