Oil Catch Cans Market Overview
According to the latest research from Future Market Insights, oil catch cans market is projected to grow steadily between 2021 and 2031 at a CAGR of 3% to 5%. In the short term, the market will gradually rebound, with an ambitious long-term growth outlook. The expansion of the automobile industry as a result of growing population, infrastructure expansion, and suburban development is one of the factors driving the growth.
What is Driving Demand for Oil Catch Cans?
An oil catch can, also called as oil catch tank, is a tool that is installed in a crankcase ventilation system of vehicle. The aim of installing an oil catch can (tank) is to decrease the amount of oil vapors that are re-circulated into the engine's intake. In line with the crank case breather system, an oil catch can (tank) is mounted.
It sits between the intake mechanism and the breather outlet. Oil droplets, unburned gasoline, and water vapor condense and settle in the catch can as the crank vapors move through. This prevents them from meeting the intake, resulting in the aforementioned problems.
The continued expansion of automotive industry, mainly due to accelerating demand for new passenger vehicles, is expected to drive strong demand for both diesel and gasoline engines in the coming years. One of the most well-known industries that spends heavily in research and development to boost engine performance and fuel efficiency is the automotive industry.
The demand for oil catch cans is rising as a result of the high sales of crankcase ventilation systems.
Increasing per capita income and improving economic conditions are expected to benefit the automotive industry, which is expected to drive the market in the near future. The demand is expected to grow as automotive manufacturers become more aware of the importance of maintaining a clean and green environment. The aftermarket segment will be the main contributor to the market.
US and Canada Demand Outlook of Oil Catch Cans
With a strong presence of all major vehicle manufacturers, North America is one of the world's largest producers of automobiles, US account for majority of the production and sales in North America. North America is predicted to be one of the main markets due to increasing automotive production and sales in the region.
The increasing number of commercial and passenger vehicles in US and Canada, significant investments by key players in R&D activities to improve the features of the oil catch cans, and emerging market players are all contributing to the market's development.
Europe Oil Catch Cans Sales Outlook
Due to the increasing automotive production in the region and heavy investment in research and development activities, Europe also dominates the oil catch cans market. Due to the presence of a large number of automotive manufacturers, Europe market is expected to expand in the forecast period.
As the manufacturing of gasoline engines becomes more common, the UK is expected to impose strict carbon emission and fuel efficiency regulations on car manufacturers, this will enhance the demand for oil catch cans.
Who are the Key Manufacturers and Suppliers of Oil Catch Cans?
Some of the leading manufacturers and suppliers include
- Radium Engineering LLC
- Diesel Care Australia Pty Ltd
- Dongguan Humei Jiajiaxin Metal Plastic Factory
- Yuhuan County Trade Kam Machinery Factor
- Honha Autoparts Group Co. Limited
- Ruian Niki Trade Co. Ltd.
- Epman Racing
- RASTuningParts Inc.
A variety of producers are prioritizing product launches, product approvals, and other organic growth initiatives such as patents and activities. In the sector, acquisitions, as well as collaborations and partnerships, were seen as inorganic business expansion strategies. Market leaders have been able to broaden their marketplace and customer base as a result of these activities.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments of Oil Catch Cans Market
- Below 1 liter
- 1 liter
- 2 liter
- 3 liter
- Above 3 Liter
By Inlet Size:
- 8 AN
- 10 AN
- 12 AN
- 2 port
- 3 port
By Vehicle Type:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Russia)
- South Asia and Pacific (India, ASEAN, Australia & New Zealand)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa)