(MENAFN- Ameliorate Digital Consultancy)
By 2022, according to Persistence Market Research, automotive fuel system market will bring in US$60.637 billion in revenue. The market for automotive fuel systems will be dominated by the top companies in 2022 as demand for these systems rises. By 2033, the market for vehicle fuel systems is projected to reach US$ 88.057 billion, expanding at a 3.4% CAGR.
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.
Request the sample copy of report @
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.
Buy Full Report Now @
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
Request For Report Customization @
For More Related Reports –
About us: –
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
Contact Us:
Persistence market research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales –