According to ESOMAR-certified Future Market Insights’ (FMI), During the forecast period, the automotive fuel delivery system market is expected to grow at a CAGR of more than 6% (2022 – 2032).
The increasing demand for automobile is expected to result in increased market revenues for the global automotive fuel delivery system market. The fuel delivery system is a key component in an automobile as it delivers the fuel from tank to the combustion chamber in the cylinder head. The automobile fuel delivery system includes all the components such as storage tank, Engine Control Unit (ECU), pressure regulators, fuel pumps, fuel injectors, and throttle position sensor.
The global automotive fuel delivery system market is directly linked with the automobile demand, as increasing demand for automobiles drives the sales of automotive fuel delivery system. Although, fuel delivery system is used in all types of vehicles irrespective of the type of fuel used such as petrol or Compressed Natural Gas (CNG), yet slight modification in the fuel delivery systems are done as per the fuel used.
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Automotive Fuel Delivery System Market: Drivers & Constraints
The global automotive fuel delivery system market is expected to grow on account of increasing sales of automobiles across various segments such as two wheelers, passenger cars, light commercial vehicle, and heavy commercial vehicle. The growing demand for alternative fuels such as CNG & LNG is also expected to drive the demand in global automotive fuel delivery system market.
Furthermore, the global automotive fuel delivery system market is expected to witness robust growth due to increasing sales of passenger and commercial vehicles in coming years, especially in emerging economies such as India and China. Additionally, the increasing penetration of natural gas vehicles among many countries is also expected to positively impact the global automotive fuel delivery system market in coming years. Alternative fuels such as Liquefied Natural Gas (LNG) is being used in a few countries, wherein modifications in the fuel delivery system are required, hence with increasing penetration of LNG vehicles in coming decade, the automotive fuel delivery system market is also expected to grow significantly.
A major constraint in the automobile fuel delivery system market can be attributed as the increasing penetration of electric vehicle, wherein no such fuel delivery system is utilized.
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Automotive Fuel Delivery System Market: Key Players
The global automotive fuel delivery system market witnesses key players such as Continental AG, Denso Corporation, Magneti Marelli, Robert Bosch GmbH, and Delphi Automotive Plc.
Key Segments Covered in the Automotive Fuel Delivery System Report
Vehicle Type:
- Automotive Fuel Delivery Systems for Passenger Cars
- Automotive Fuel Delivery Systems for Commercial Vehicles
Fuel Type:
- Gasoline-powered Automotive Fuel Delivery Systems
- Diesel-powered Automotive Fuel Delivery Systems
- Other Fuel-powered Automotive Fuel Delivery Systems
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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