The changing dynamics in Automotive Fuel Systems Market with covid-19 impact assessment
June 08, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Fuel Systems Market.
It was estimated prior to this unanticipated outbreak that the Automotive Fuel Systems Market will grow at 4.5% CAGR. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Automotive Fuel Systems Market, request a free sample of the report here: https://www.stratviewresearch.com/Request-Sample/638/automotive-fuel-systems-market.html
Automotive Fuel Systems Market Segment Analysis:
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.
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.
In terms of regions, 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.
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.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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