The automotive fuel delivery system market is anticipated to record growth at a CAGR of 6% (2022-2032) and is likely to touch a revenue of USD 7.26 Billion by 2032, while it holds a revenue of USD 4.30 Billion in 2022.
According to a recent study on the market for automotive fuel delivery systems, fuel delivery systems have undergone numerous advancements as a result of engine downsizing and component weight reduction. The storage and provision of fuel to the engine is the role of the fuel delivery system.
Through the most recent innovation and technology breakthroughs, rising sales of passenger cars and light and heavy commercial vehicles are projected to fuel the automotive fuel delivery system market. One example of these developments is Toyota’s collaboration with the US Department of Energy (DOE) on the design, construction, and installation of a 1MW proton exchange membrane (PEM).
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In the market for automotive fuel delivery systems, sales of commercial and passenger vehicles, alternative fuel vehicles, and gearbox integrated circuits are on the rise. The fuel supply systems are becoming more effective and seamless thanks to PEST analysis for the gearbox and engine. Due in large part to these improvements, the market for vehicle gasoline delivery systems is booming.
The market for automobile gasoline delivery systems faces challenges due to the large market potential for EVs. The usage of EVs is actively promoted by the government in an effort to decrease the need for imported petroleum and air pollution.
Key Takeaways from Market Study
- North America holds 37.2% of the global share in the automotive fuel delivery system market. The region thrives on factors like increased hosting of car racing events.
- The Asia Pacific is likely to hold a significant market share. The growth is expected to thrive on factors like cost-effective and low-emission vehicles, increased production, and lowering cost of hydrogen fuel cell vehicles.
- The increasing demand for alternative fuels such as CNG and LNG is expected to drive demand in the automotive fuel delivery system market.
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“The advanced automotive fuel delivery system and the integration of slight modification of multiple composites enhance the fuel efficiency, regardless of fuel type. The new enhanced and integrated transmission systems increase engine performance. A new fuel pump relay is an electric switch commanded on or off by the powertrain control module or PCM.” opines a Future Market Insights analyst. Competitive Landscape
Some of the key participants present in the global automotive fuel delivery system market include Aisin Corp., BorgWarner Inc., Continental AG, DENSO Corp., Hitachi Ltd, Landi Renzo Spa, Magna International Inc., Marelli Holdings Co. Ltd. among others.
Recent Market Development
- Continental AG has introduced its latest noise reduction solutions for fuel systems thaat have high volume hoses absorb pressure-induced vibrations, enhanced driving comfort, and OEM relleases. This fuels the sales of automotive fuel delivery systems.
- Landi Renzo has introduced the LPG or CNG system produces lower Co2 levels and has nox maximum reduction. Some of the automobile giants that the company is attached with are Toyota, Alfa Romeo, and Chrysler. This fuels the demand for automotive fuel delivery system.
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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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