Automotive Fuel Systems Market to offer a healthy CAGR of 4.5% during 2020-25
February 11, 2020
Automotive Fuel Systems Market Overview:
Automotive fuel system market is likely to witness a healthy CAGR of 4.5% during the forecast period. The demand for automotive fuel system is directly influenced by the global vehicle production. It is estimated that approximately 652.0 million vehicles are likely to be produced worldwide during 2019-2024 out of which Asia-Pacific will alone account for 55.3% share.
Some other noticeable factors that further substantiate the demand for fuel systems are the stringent regulations regarding the carbon emission reductions and fuel efficiency enhancements, a shift from gasoline to diesel-powered vehicles to alternative powertrain technologies, advancement in fuel system technologies, and an increasing demand for lightweight systems.
Report Overview:
This report from Stratview Research studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Automotive Fuel Systems Market Segment Insights:
Passenger Car: The growth engine
Based on the vehicle type, the market is segmented as passenger car, light commercial vehicle, medium- to heavy-duty commercial vehicle, and hybrid vehicles. Passenger car currently dominates the market and is expected to maintain its dominance over the next five years, driven by higher production units of cars than LCVs and MHCVs. Increasing per capita income, especially in the developing economies coupled with rising living standards is creating more demand for cars. This, in turn, is creating a greater demand for fuel systems for cars. The hybrid vehicles segment is likely to witness the highest growth during the forecast period, driven by increasing demand for electric vehicles and hybrid electric vehicles.
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Dominance of: gasoline direct injection segment
Based on the technology type, the automotive fuel system market is segmented into gasoline port injection, gasoline direct injection, and diesel direct injection. The gasoline direct injection segment is expected to register the highest growth over the next five years as it addresses the growing concerns of fuel efficiency, vehicle exhaust gases, and escalating fuel prices.
A highly/moderately/fragment consolidated Market
Some of the major automotive fuel system manufacturers are Continental AG, Delphi Technologies, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Carter Fuel System, Keihin Corporation, Magneti Marelli S.p.A., NGK Spark Plug Co., Ltd., and Ti Automotive Inc. The development of advanced fuel systems, the development of lightweight systems, regional expansion, and formation of strategic alliances are the key strategies adopted by the major players in order to remain competitive in the market.
Regional Hegemony of Asia-Pacific
Asia-Pacific is expected to remain the largest market for automotive fuel system in the coming five years. China, Japan, South Korea, and India are likely to act as the growth engines of the region’s market over the next five years. The region is also likely to witness the highest growth over the next five years as all the major automakers are opening their assembly plants in the region to capture the growing market potential.
North America and Europe, other considerable markets, are likely to generate sizeable growth opportunities in the next five years, supported by increasing automobile production and a shift from conventional gasoline- or diesel-powered vehicles to alternative powertrain technologies.
Click here for other high value market reports from Stratview Research in the Automotive Industry: https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html
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