Gas Charger Market Size, Trends & Growth Opportunity By Product (Manual, Semi Automatic, Fully Automatic), By Vehicle Type (LCV, HCV, Passenger Vehicles), Further, By Fuel Type (Gasoline, Diesel, LPG, Compressed Natural Gas, Ethanol, Bio-diesel) By Region and Forecast till 2030

Global Gas Charger Market

Global Gas Charger Market was valued at USD 3.5 billion in 2019, which is expected to reach USD25.7 billion by 2030, with 25.9 % CAGR from 2020 to 2030.

Gas chargers are used for recycling, recovery, vacuum, leak testing, and recharging of an automobile. Gas charger plays an important role in recovery line to remove moisture & acidity as well as manual air purge from refrigerant tank. Gas chargers offer high protection for the compressor by means of dedicated gauge so as to maintain inlet pressure inside the vehicle. Continuous and rapid developments in automobile sector is expected to drive the global gas charger market growth over this forecast period.

Market Drivers

Increase in demand of gas charger in automobile sector is expected to boost the global gas charger market growth. Gas chargers are popular in automobile sector due to its features such as versatile structure, less connections, strongly permeability, absorbent in vibration, improved crash integrity along with superior cooling and recycling properties. Furthermore, increase in demand for sales of commercial vehicles is expected propel the growth of global gas charger market growth. Moreover, increase in number of commercial vehicle is expected to fuel the global gas charger market growth.

Asia Pacific is expected to significant growth in Gas Charger Market during this forecast period due to increase in demand for gas charger in automobile industry. This region holds various key competitors such as Honda, Hyundai, and Toyota. Furthermore, rapid industrialization in developing countries such as India, and China is the major driving factor for gas charger market. North America is expected to hold significant market share in gas charger market. Also, Europe is anticipated to hold prominent market share in Gas Charger Market during this forecast period.

Market Restraints

However, lack of standardization in charging infrastructure is the major restraining factor which is expected to hamper the global gas charger market. Also, increase in demand for electrical vehicles and increase in prices of fuel will affect the global gas charger market growth. Additionally, rise in base metal prices is expected to hinder the global gas charger market growth.

Market Segmentation

Global Gas Charger Market is segmented into product type such as Manual, Automatic (Semi Automatic, and Fully Automatic), by Vehicle type such as LCV, HCV, and Passenger Vehicles. Further, Global Gas Charger Market is segmented into fuel type such as Gasoline, Diesel, LPG, Compressed Natural Gas, Ethanol, and Bio-diesel.

Also, Global Gas Charger Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Manatec, Tecarpes, Apex Equipments, Vanjax & Mafra, Fourwin, Sulco Ltd, Force Auto Solutions, Robert Bosch GmbH,and Pramukh Equipments

Market Taxonomy By Product Type

Manual

Automatic

Semi automatic

Fully automatic

By Vehicle Type

LCV

HCV

Passenger vehicles

By Fuel Type

Gasoline

Diesel

LPG

Compressed Natural gas

Ethanol

Bio-diesel

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

Key Questions Addressed by the Report

What are the Key Opportunities in Gas Charger Market?

What will be the growth rate from 2019 to 2030?

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the competitive Landscape in the Industry?

What is the role of key players in the value chain?

What are the strategies adopted by key players?