Increasing demand for electric vehicles and growing need for alternative fuel type for different kinds of vehicles to reduce pollution is driving the global automotive fuel delivery system market.
The global Automotive Fuel Delivery System market is expected to develop USD $22 billion by 2030, at a compound annual increase in price (CAGR) of 5% throughout the forecast period.
Covid-19 Impact & Market Status
The pandemic has negatively affected almost all of the markets leading to huge losses and also hampered the supply chain thus creating worldwide market breakdown which made it very difficult for the all the industries to stay afloat especially the smaller ones. The automotive fuel delivery system market also has been drastically affected by the pandemic as the demand has drastically reduced affecting the revenue share of the market.
Commercial Vehicles Segment Saw High M&A Activity
The commercial vehicles segment of automotive fuel delivery system is leading the global automotive fuel delivery systems market in revenue share and is predicted to remain at the top of the global market during the forecast years as sales of electric vehicles (EVs) are still growing as a result of favourable socioeconomic, environmental, and political considerations. With the majority of developed and emerging countries attempting to attain zero emission regulations by totally removing fossil fuel vehicles from the roads, the sales and manufacturing of electric vehicles are likely to experience extraordinary development.
Alternate Fuel segment to Witness Highest Sales Revenue
The alternate fuel segment is the foremost fuel type for automotive fuel delivery system which is leading the global automotive fuel delivery systems market in revenue share. The segment is predicted to remain at the top of the market during the forecast years as fuels like CNG are extremely popular currently in order to reduce pollution.
Throttle Body Segment Is Expected To Continue Its Upward March In Forecast Period
The throttle body segment is the most important injector for automotive fuel delivery system which is leading the market in revenue share and is predicted to remain at the top of the market during the forecast years as the automotive fuel delivery and injection systems market for its fuel injection type is dominated by throttle body injectors. Because of its straightforward operation and inexpensive installation and maintenance costs, the throttle body Injector offers superior engine performance with good efficiency. A fuel pressure regulator and one or two fuel injector nozzles are located in the throttle body, which is essentially a high-tech carburetor. The simpler multipoint system is a stepping stone from the single-point fuel injector.
Asia-Pacific Is A Transcendent Region
Asia-Pacific will remain atop the global automotive fuel delivery systems market in revenue share and is predicted to remain at the top of the market during the forecast years owing to rising demand for vehicle fuel delivery systems. Additionally, the expanding global industry is aided by the region's increasing demand for automobiles. Following suite, North America will see improved sales drastically in the forecast period because of the need for modern, advanced automobiles in the sub-regions of North America.
The automotive fuel delivery system market rise is also expected to be fuelled by the increasing awareness of the people regarding the beneficial properties of automotive fuel delivery systems and technological advancements.
The global automotive fuel delivery system market is expected to grow USD 5.77 billion by 2029 and at a CAGR of 5.9 percent through the forecast period 2022-2029.
Owing to benefits such as increased productivity, security, elimination of work and time saving, guaranteed fuel supply, cost saving, increased efficiency, automation, and convenience, the automotive fuel delivery system is experiencing rapid adoption thus fostering remarkable progress of global automotive fuel delivery system market.
Fuel delivery system provides and stores fuel for the engine. Several essential parts that contribute to efficient fuel distribution and engine operation make up the vehicle fuel delivery system. A fuel delivery system is made up of a number of essential parts that are all crucial to the efficient distribution of gasoline.
The increasing sales of automotive fuel delivery systems across all segments of vehicles is driving the global automotive fuel delivery system market. Additionally, technological developments targeted at enhancing engine efficiency and fuel economy have contributed to the global automotive fuel delivery system market expansion.
The primary barrier to this global automotive fuel delivery system market expansion is the growing emphasis on the creation and use of electrical vehicles, as well as stringent government laws. The global automotive fuel delivery system market for fuel distribution and injection systems will grow more slowly as EV demand increases.
Furthermore, growing popularity of on-demand services especially since the start of the pandemic, people looking to make their lives less complicated due to busy lifestyles, transportation, groceries, and food takeout becoming available on-demand are the major factors anticipated to be a growth opportunity to the global automotive fuel delivery system market.
The global automotive fuel delivery system market has intense competition due to high demand and consists of several big corporations like Denso Corporation, Toyoda Gosei, Delphi Technologies, Robert Bosch GmbH, Magna International, Landi Renzo, TI Automotive, Standard Motor Products, Keihin, Magneti Marelli, Magna International, Denso, Aptiv, and Continental AG among others.
Latest Innovations in the Global Automotive Fuel Delivery System Market: A Snapshot
- Cummins in collaboration with Rush Enterprises developed integrated natural gas system in March 2022. Cummins has a 50% stake in Momentum Fuel Technologies, which was previously 100% owned by Rush Enterprises. The collaboration was announced in June 2021 and the project was completed earlier in 2022.
Automotive Fuel Delivery System Market Scope
|Revenue forecast in 2028
|USD 5.77 billion
|CAGR of 5.9 % during 2021-2028
|Vehicle Type, Fuel Type, Injectors, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Denso Corporation, Toyoda Gosei, Delphi Technologies, Robert Bosch GmbH, Magna International, Landi Renzo, TI Automotive, Standard Motor Products, Keihin, Magneti Marelli, Magna International, Denso, Aptiv, and Continental AG among others.
Key Segments of the Global Automotive Fuel Delivery System Market
Vehicle Type Overview, 2019-2029 (USD Billion)
- Passenger Cars
- Commercial Vehicles
Fuel Type Overview, 2019-2029 (USD Billion)
Injectors Overview, 2019-2029 (USD Billion)
- Throttle Body
Regional Overview, 2019-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa