Press release
Fueling Efficiency: Trends and Forecasts of the Global Automotive Fuel System Market
Automotive Fuel System Market
Almost all fuel-powered vehicles that operate on and off the road around the world must have fuel systems as one of their essential parts. Every engine requires a unique fuel system and the corresponding components that provide the vehicle a pleasant and effective performance, thus the systems differ depending on the kind of vehicle and its engine.
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Key Takeaways of Automotive Fuel System Market Study
The rising usage of fuel injection systems in gasoline-based vehicles will further impel demand in the automotive fuel system market.
Many automotive fuel system manufacturers are offering customized or requirement-specific fuel systems, such as brushless fuel pumps, fuel tanks, and compact pumps, for automotive manufactures. Offering such fuel systems is a potential opportunity for players in the market to secure long-term supply contracts from automotive manufactures.
Growing number of players in the automotive fuel system market have been driving manufacturers to incorporate forward integration, by offering installation, product consultancy, and after-sales support, to build upon the existing market base and also gain the growing aftermarket client base.
Based on vehicle type, passenger cars are expected to create significant opportunity in the coming years for the automotive fuel system market, on the back of the lower prices of these vehicles.
East Asia is likely to retain its leading position in the global automotive fuel system market throughout the forecast period, in terms of value as well as volume.
"While the demand for automotive fuel systems is primarily driven by elevated automotive production, aftersales service is a key winning strategy for market participants, owing to frequent replacement of air & fuel filters. Also, the ongoing corona virus (COVID-19)-related crisis can alter how companies organize their supply chains in the coming years, with more stress on decentralization," says a PMR analyst.
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Automotive Fuel System Market: Competitive Landscape
The global automotive fuel system market is highly competitive, with the presence of a large number of regional players in the landscape. Prominent players in emerging markets are poised to expand their business operations and increase value-addition in their product offerings through portfolio rationalization. Market participants are also investing in R&D activities to develop new products with efficient fuel consumption. Moreover, manufacturers are developing customized, cost-effective automotive fuel systems to cater to the specific requirements of automotive vehicle manufactures, with an optimum level of operational efficiency.
Key Players :
Magna International Inc.
Plastic Omnium
Westport Fuel Systems Inc.
Delphi automotive PLC
Denso Corporation
Robert Bosch GmbH
Hitachi Automotive Systems
AISIN SEIKI Co., Ltd.
Cummins Inc.
YAPP Automotive Systems Co., Ltd
COVID-19's Impact on Automotive Fuel System Market
East Asia, the leading region in the automotive fuel system market, has been badly affected by the pandemic, being the epicenter of the initial outbreak. With mounting travel restrictions and the implementation of a lockdown in China's Wuhan city - which is the leading region for the manufacturing of automotive systems - the impact on the global automotive fuel system is certainly inevitable. On the other hand, the situation in China is gradually getting better. According to the China Association of Automotive Manufacturers (CAAM), by the last week of February, more than 90 percent of over 300 automotive parts suppliers outside Hubei had resumed production. However, as the number of cases in Europe and North America explode, the market is expected to stand still in the near term.
Find More Valuable Insights on Automotive Fuel System Market
PMR, in its new research report, offers an unbiased analysis of the global automotive fuel system market, presenting historical demand data of 2014-2018 and forecast statistics for 2019-2029. The report provides a perceptive study of the global automotive fuel system market through four different segments - component type, engine type, vehicle type and region. The market research study provides component usage in various vehicle types, prevailing technologies, and trends in the market. Furthermore the report also provides an inclusive supply chain analysis regarding product usage, pricing analysis, and detailed supply chain analysis.
Key Segments Covered in Automotive Fuel Systems Industry Research
By Component Type
Intake Manifold
Throttle Body
Air Filters
Fuel Injectors
PCMs/ ECMs
Airflow Meters
Fuel Filters
Fuel Pumps
Fuel Tanks
Pressure Regulators
By Engine Type
Petrol
Diesel
Others (CNG, Biofuels, etc.)
By Vehicle Type
Passenger Cars
Compact
Mid-size
Premium
SUVs
Light Commercial Vehicles
Heavy Commercial Vehicles
Heavy Trucks and Trailers
Buses & Coaches
Off-road Vehicles
By Region
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
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