ID: MRFR/AM/1629-HCR | February 2021 | Region: Global | 100 pages
According to the recent research report, the automotive fuel delivery system market size is expected to expand at a 5% CAGR by 2027.
The fuel delivery system's job is to supply and store gasoline for the engine. The automotive fuel delivery system is made up of several key components that help in effective fuel distribution and engine operation. Much advancement in the fuel delivery system has come from engine downsizing and component weight reduction. The fuel delivery system's job is to store and feed gasoline to the engine. The engine intake system is where fuel and air are mixed, atomized, and evaporated. It is then compressed and burned in the engine cylinder to create energy. A fuel delivery system is made up of several critical components that all play an important part in the correct distribution of gasoline.
The global rise in vehicle production and sales volume is one of the key reasons driving the global automotive fuel delivery system market value. Because of the area's increased vehicle manufacturing, North America is the fastest expanding region in the worldwide automotive fuel delivery system market. Asia-Pacific is projected to be the most important market for automobile gasoline delivery systems. Several OEMs have grown their operations in Asia-Oceania in recent years to meet the region's growing demand for automobiles. The economic conditions in Asia-Oceania are extremely favorable for the automobile sector. China, Japan, and South Korea are the biggest contributors in this region. Due to the rising installation of electronic fuel delivery systems, CNG is expected to be the fastest expanding market globally for automotive fuel delivery systems for alternative cars. The key drivers driving the market are a rise in passenger and commercial vehicle production, a requirement for efficient fuel distribution systems, and a need for alternative fuels such as LPG, CNG, and others. Furthermore, the extended life duration of automobiles has driven industry development.
This report contains all the information on the global automotive fuel delivery system market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global automotive fuel delivery system market forecast for 2027 is also included in the report.
Covid 19 Analysis
The Automotive Fuel Delivery System market is rapidly approaching pre-COVID levels, and a robust growth rate is projected during the projection period, fueled by economic recovery in the majority of emerging countries. The frequent suspension of public transportation systems, along with the virus's highly infectious nature, increased the demand for passenger vehicles, resulting in a need for Automotive Fuel Delivery System goods.
However, the anticipated third and subsequent waves of the pandemic are generating a bleak picture. The purpose of this research is to assess the impact of various COVID-19 scenarios on the future of the Automotive Fuel Delivery System industry.
Major Key Players
Growth in commercial and passenger car sales, rising desire for alternative fuel vehicles, and, most significantly, increased demand for fuel delivery systems are the key drivers for the automotive fuel delivery system market growth. North America and Asia-Pacific have had considerable growth, while Europe and the rest of the world are likely to have moderate growth.
The rising global sale of automobiles is a significant element driving the growth of the automotive fuel delivery system market. Factors such as changing consumer lifestyles and growing demand for a comfortable ride are driving up automobile sales in all areas. Factors such as the expanding automotive industry and the increase in motor vehicle sales are likely to create opportunities for the automotive fuel delivery system market outlook during the forecast period.
Increased demand and the adoption of electric cars in the automotive sector are projected to stymie market expansion.
Lockdowns throughout the world in 2020, followed by more limitations in 2021, interrupted the Automotive Fuel Delivery System supply chain, presenting problems for producers in the Automotive Fuel Delivery System sector. During the forecast period, the major challenges for the Automotive Fuel Delivery System Market are likely to be intense competition, changing pricing, and evolving OEM preferences.
Cumulative Growth Analysis
Commercial vehicle sales were more than 2.6 million in 2018, representing a 3.9 percent increase over 2017. Light commercial vehicle sales accounted for more than 75 percent of all commercial vehicle sales, with heavy commercial vehicles accounting for the remainder. Engine capacity varies by location for light commercial vehicles. The typical engine capacity in the Asia-Pacific area is 1,800-2,500 cc, while it is 2,000-3,000 cc in North America and Europe. The typical engine capacity of large commercial vehicles in North America is 11,000-15,000 cc, whereas in Europe it is 11,000-13,000 cc and in Asia-Pacific, it is 9,000-11,000 cc. In India, however, the average engine capacity of a large commercial truck was less than 9,000 cc.
With growing exhaust emissions, governments throughout the world and international organizations have established severe emission standards for diesel engines. As a result, light commercial vehicle manufacturers are introducing new models fitted with CRDi technology, allowing them to meet pollution standards while improving sales. For example, Tata Motors announced the commercial introduction of four new models in Bhutan in December 2018, in order to expand its line of intermediate and light commercial vehicles (I and LCV), such as the LPT 912, LPK 912, LPK 1212, and LPT1412.
These models feature better common rail diesel injection (CRDi) engine technology, which improves fuel efficiency while also ensuring the cheap cost of ownership, high uptime, and increased driver comfort.
Value Chain Analysis
According to the reports, the worldwide automobile fuel delivery system market is segmented by component, fuel type, and geography. The throttle position sensor, storage tank, gasoline pumps, engine control unit, fuel injectors, and pressure regulators are all part of the components sector. Diesel, gasoline, LNG, and compressed natural gas (CNG or LPG) comprise the fuel category. CNG or LPG is the global market leader in this category. Furthermore, geography is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The market is segmented on the basis of components, fuel type, and geography. The global automobile fuel delivery system market trends are expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into throttle position sensors, storage tanks, gasoline pumps, engine control units, fuel injectors, and pressure regulators.
Based on the propulsion types, the market is segmented into Diesel, gasoline, LNG, and compressed natural gas (CNG or LPG).
According to the reports, on the basis of region, the global automotive fuel delivery system market is divided into North America, Europe, Asia-Oceania, and the rest of the world. Due to the growing demand for vehicle fuel delivery systems, Asia-Pacific is the largest region in the worldwide automotive fuel delivery system market. Furthermore, the rising demand for vehicles in this area contributes to worldwide market growth. Because of the need for new and sophisticated cars, North America is the world's second-largest market. However, Europe is seen as a mature market, with sluggish development in comparison to others. Furthermore, improving the financial status and population is expected to drive worldwide market expansion. The consumer preference for light vehicles has a favorable influence on the worldwide automotive fuel delivery system market share. The sale of passenger and commercial cars in rising economies such as India and China is expected to increase in the coming years.
Companies in the Automotive Fuel Delivery System industry are contemplating steps to increase their market share by emphasizing their USP statements, broadening product portfolios, and introducing appealing features, to name a few key winning methods. The research includes thorough profiles of the major businesses servicing the Automotive Fuel Delivery System value chain, as well as their short, medium, and long-term plans.
The following report comprises of –
Automotive Fuel Delivery System Market, By Component
Automotive Fuel Delivery System Market, By Alternative Fuel Vehicles
Automotive Fuel Delivery System Market, By Region
|Market Size||2027: USD 22 Billion Value|
|CAGR||5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component and Fuel type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Continental AG, Robert Bosch GmbH, Delphi Automotive Plc., Magneti Marelli, Denso Corporation, Infineon Technologies AG, TI Automotive INC, NGK Spark Plug Co. Ltd, UCAL Fuel Systems, Toyoda Gosei|
|Key Market Opportunities||Increase in the production of passenger and commercial vehicles|
|Key Market Drivers||Upscaling production of commercial vehicles|
Frequently Asked Questions (FAQ) :
The automotive fuel delivery market can surge at 5% CAGR in review period.
MRFR reveals that the automotive fuel delivery market poised to attain sizable valuation by the end of study period.
TI Automotive INC, Infineon Technologies AG, UCAL Fuel Systems, NGK Spark Plug Co. Ltd, and Toyoda Gosei are some reputed names in the automotive fuel delivery market.
Upscaling production of commercial vehicles can impel the global automotive fuel delivery market expansion.
MRFR findings state that APAC automotive fuel delivery market generate high profits in the evaluation period.