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An automotive fuel delivery system is said to be the vital component in the vehicles. The fuel delivery system transfers fuel from tank to the internal combustion chamber in the cylinder head. This system comprises of several components such as storage tank, pressure regulators, fuel injectors, fuel pumps, engine control unit (ECU), carburettors or injectors. The system maintains an appropriate air-fuel mixture according to the load conditions. Fuel delivery systems are installed in all types of vehicles irrespective of any type of fuel used including compressed natural gas (CNG). A well-designed fuel delivery system can improve the engine efficiency as well as reduce pollution. The automotive manufacturing companies are working towards developing technologically advanced designs for fuel delivery systems to reduce fuel emission and increase the efficiency of the vehicles. The government is also emphasizing the development of fuel delivery systems of vehicles to curb the ever increasing vehicular emissions and taking initiatives to increase the demand of high efficient vehicles. Moreover, the global automotive fuel delivery system market is expected to witness high penetration owing to the increasing number of sales and production of passenger cars and commercial vehicles in the near future, especially in developing economies such as India and China. Furthermore, the increasing utilization of natural gas vehicles in various countries is also expected to leverage the automotive fuel delivery system market across the globe. However, the growing demand for automobiles ultimately increases the sales of automotive fuel delivery system.
Key Market Driver -
Increasing volume of sales and production of vehicles is expected to drive the growth of the automotive fuel delivery system market in the future period.
Key Market Restraint -
Rapid adoption of electrification in vehicles may hamper the growth of the automotive fuel delivery system market.
Globally, the fuel delivery system market is segmented by fuel type, by vehicle, and by geographic coverage. The fuel type segment is further divided into gasoline, diesel and alternate fuels. The air-fuel ratio determines the type of fuel delivery system that is used. However, alternate fuels such as hydrogen gas and compressed natural gas (CNG) are witnessing an upsurge in their demand, owing to their enhanced efficiency and low pollution. The vehicle type is further segmented into passenger cars and commercial vehicles. The passenger car segment holds the largest share of the global automotive fuel delivery system market and is projected to uphold its dominance over the forecast period. The growing urbanization, expansion in the industrial sector, improvement in standard of living, and rise in the disposable income of people is boosting the demand for private vehicles across the globe. Moreover, the rapid adoption of technologically advanced systems and components by the automotive manufacturers is driving the number of sales and production of automobiles. Furthermore, developing economies such as India, China and Japan not only consists of several prominent automotive manufacturers but are also adopting advanced technologies in fuel delivery system. These are the major factors that are fuelling the growth of the automotive fuel delivery system market.
Major players operating in the global fuel delivery system market include Continental AG, Robert Bosch GmbH, Aptiv, Denso Corporation, Magna International Inc., Magneti Marelli S.p.A., Keihin Corporation, Standard Motor Products Inc., TI Automotive, and Landi Renzo S.p.A., among others.
Geographically, the fuel delivery system market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific has the largest hold on the global automotive fuel delivery system market owing to the high volume of production and sales of vehicles in this region.
The improving economic conditions, growing urbanization, improvement in the standard of living in countries such as India and China have led to an upsurge in the sales volume of automobiles. The manufacturing companies are also spending a massive amount on research to innovate and develop highly efficient fuel delivery systems to curb the fuel emission and improve performance of the vehicles. North America is also showing a significant growth in the global automotive fuel delivery system market owing to the high volume of commercial vehicles and rapid adoption of technologically advanced functionalities and components to improve and enhance the efficiency and performance of the vehicles.
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