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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