Automotive Fuel Delivery System Market
Overview
The
Automotive Fuel Delivery System Market will
acquire a CAGR of 5 % and a value of USD 121 billion in the forecast period from 2023 to
2032.
The
fuel delivery system’s function is to store and supply fuel. The advancement in
the fuel delivery system is noticed in today’s generation. The growing
automobile sales rate is emerging globally in the Automotive Fuel Delivery System
Market. The growth of commercial and passenger cars and the higher
demand for fuel delivery systems are driving the market. The prominent regions
such as North America, Asia-Pacific, Europe etc., are accelerating the global
market growth.
There
are various growth factors whose presence surges the Automotive Fuel Delivery System Market growth. The change in
lifestyles and demand for comfortable rides increase the sales rate. The
automotive industries are also expanding their business massively, which will
create huge growth opportunities for the market during the forecast period. The
major drivers are an increased rate of commercial vehicle usage and the rise in
demand for alternative fuel vehicles is chiefly driving the market.
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During
the COVID-19 pandemic period, public transportation was suspended to stop the
spread of the deadly virus, which led to the inclination of passenger vehicles
which has maintained the market’s steady growth.
Automotive
Fuel Delivery System Market Key Players
·
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
Automotive Fuel Delivery System Market
Segmentation
The
Automotive Fuel Delivery System Market is
segmented into component, fuel type, vehicle and application.
The
component segment is classified into the fuel pump, fuel injector, fuel rail,
air control valve, throttle position sensor, fuel pressure regulator, and fuel
filter.
The
fuel type segment is fragmented into gasoline, diesel and alternative fuels.
The vehicle segment has LCV, HCV, passenger and hybrid.
The
application segment is segregated into throttle position sensors, engine
control units, fuel injectors, storage tanks, gasoline pumps, and pressure
regulators.
The
market's end-user segment comprises diesel, gasoline, LNG, and compressed
natural gas such as CNG or LPG.
Automotive Fuel Delivery System Market
Regional Analysis
According
to the geographical analysis, the Automotive
Fuel Delivery System Market covers major regions such as North America,
Europe, Asia Pacific, and other regions worldwide.
The
Asia Pacific is considered the largest regional market holder due to the higher
demand for delivery systems of vehicle fuel. Also, the growing necessity for
vehicles in this region is contributing to regional growth.
The
North American region is the second largest in the market due to the higher
adoption of new and sophisticated cars. The European region will also show
considerable market value with sluggish development than other regions.
However, improving financial status and population is also driving the regional
market.
The
preference and inclination of the customers towards light vehicles are
accelerating the market’s growth globally. The rise in the number of passenger
and commercial car sales in APAC countries such as India and China is fueling
up its growth rate.
Fuel Delivery System Industry News
In
May 2018, Dongfeng Motor Parts and Components Group Co. Ltd and US Cooper
Standard signed an agreement in Wuhan for establishing a combined manufacturing
facility for sealing materials and pipe systems. The primary products were
brake lines, gasoline lines, fuel delivery systems, and automobile sealing
systems.
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