Market Synopsis
As per the research by Market Research Future Reports (MRFR), the global automotive fuel delivery system market 2022 is majorly driven by the surging demand for an efficient fuel delivery system. The research states that the global automotive fuel delivery market is estimated to grow at a CAGR of 5% during the forecast period. The prolonged life span of vehicles has also augmented the market. There has been an increase in the manufacturing of commercial and passenger vehicles has resulted in additional growth of the market.
Besides, the need for alternative fuels such as CNG, LPG, etc. has increased from the past few years, which directly influences the market. The growing penetration of natural gas automobiles in several countries is likely to widen the market. Furthermore, the rising demand for automobiles is anticipated to fuel market expansion and generate significant revenues. However, the rising focus on the usage of electric vehicle can obstruct the expansion of the market. In addition, the outbreak of COVID-19 has led to particular challenges. We will provide COVID-19 impact analysis with the report.
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Key Players
Robert Bosch GmbH, Continental AG, Delphi Automotive Plc., Infineon Technologies AG, Magneti Marelli, Denso Corporation, TI Automotive INC, UCAL Fuel Systems, NGK Spark Plug Co. Ltd, and Toyoda Gosei.
Industry News
March 2020
Humsafar, an online diesel delivery startup, has revealed that it will offer doorstep fuel service to emergency services like the healthcare sector during the nationwide observation of lockdown in India. The initiative was taken with an objective to curb the spread of COVID-19. The delivery would be done free of cost. The service was announced for vehicles like ambulances of the hospital.
May 2020
The president of France, Mr. Emmanuel Macron, has announced an 8 billion euros plan to revive France’s motor industry which has been suffering severely amidst the outbreak of COVID-19. The plan consists of subsidies for buyers of electric and hybrid cars and support for research into hydrogen power and self-driving cars. The action is likely to impede the growth of the automotive fuel delivery system.
Market Synopsis
The global automotive fuel delivery system can be classified on the basis of fuel type, component, vehicle, and region.
On the basis of fuel type, the global automotive fuel delivery system can be classified into diesel, gasoline, and alternative fuel.
On the basis of components, the global automotive fuel delivery system can be classified into the fuel pump, fuel injector, fuel pressure regulator, fuel filter, fuel rail, air control valve, and throttle position sensor.
On the basis of vehicles, the global automotive fuel delivery system can be classified into passenger, hybrid, HCV, and LCV.
On the basis of region, the global automotive fuel delivery system can be classified into North America, Europe, Asia-Oceania, Middle East, Africa, and South America.
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Regional Analysis
The geographical analysis of North America, Europe, Asia-Oceania, the Middle East, Africa, and South America has been conducted. As per the research by MRFR, the global market is reigned by Asia-Oceania. The presence of Original Equipment Manufacturers (OEM’s) plays a significant role in regional market expansion. Several other companies are also taking initiatives to increase their presence in the region.
On the other hand, the North American market is estimated to be the fastest-growing market during the forecast period. The regions technically advanced, and hence, a fast expansion is estimated in the region. The technically equipped manufacturing hubs and the fast expansion of the market are anticipated to expand the market.
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In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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