Automotive Fuel Delivery System Market Forcasted for Accelerated Growth by 2024
The fuel delivery system has become a key component in automobile industries, which transfer fuel from tank to the combustion chamber in the cylinder head.
United States, 10 August 2017 -- The fuel delivery system has become a key component in automobile industries, which transfer fuel from tank to the combustion chamber in the cylinder head.
Global Automotive Fuel Delivery System Market: Overview
The fuel delivery system has become a key component in automobile industries, which transfer fuel from tank to the combustion chamber in the cylinder head. The automobile fuel delivery system comprises pressure regulators, storage tank, throttle position sensor, engine control unit (ECU), fuel injectors, and fuel pumps. Growing demand for automotive fuel delivery system drives the global market. However, increasing demand for automobiles results in the increasing sales of automotive fuel delivery system. Fuel delivery systems are used in all types of automobiles irrespective of the type of fuel used including compressed natural gas (CNG) or petrol.
The global automotive fuel delivery system market is classified based on components, fuel used, and geography. The components segment includes throttle position sensor, storage tank, fuel pumps, engine control unit, fuel injectors, and pressure regulators. The fuel segment consists of diesel, gasoline, LNG, and CNG or LPG. Of these, CNG or LPG is the leading segment in the global market. Moreover, the geography segment is classified as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Escalating demand for automotive fuel delivery system across the globe is anticipated to foster the global market growth in the future. It helps to generate global revenue and economic status of the country. Growth in the global market is mainly due to increased sales in automobiles such as passenger cars, two-wheelers, heavy commercial vehicle, and light commercial vehicle. Additionally, demand for CNG & LNG is growing in the automotive industries, which is expected to fuel the global automotive fuel delivery system market growth. Moreover, increasing penetration of natural gas in the commercial and passenger automobiles is positively impacting the global market growth.
Asia-Pacific is the largest region in the global automotive fuel delivery system market owing to rising demand for automotive fuel delivery system. In addition, increased demand for automobiles in this region also fosters the global market growth. North America is the second largest market across the world owing to the need for new and advanced vehicles. However, Europe is considered as a mature market, and however, shows a sluggish growth as compare to others. Moreover, increasing financial status and rising population are projected to propel the global market growth. Consumer inclination towards light vehicles also impacts the global automotive fuel delivery system market in a positive way. Sale of the passenger and commercial vehicles in the emerging economies such as India and China is anticipated to grow in the next few years.
Market Competitive Players
Major players in the global automotive fuel delivery system market include Toyda Gosie, Denso Corporation, Keihin Corporation, Delphi Automotive PLC, Robert Bosch, Magna International, and Magneti Marelli. Other players include Magneti Marelli, Denso Corporation, TI Automotive, Continental AG, Landirenzo, Delphi Automotive Plc., Robert Bosch GmbH, and Continental AG.
Global Automotive Fuel Delivery System Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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