The automotive fuel delivery system market is anticipated to record growth at a CAGR of 6% (2022-2032) and is likely to touch a revenue, while it holds a revenue of USD 4.30 Billion in 2022.
A recent study on the market for automotive fuel delivery systems found that engine downsizing and component weight reduction have resulted in significant developments in fuel delivery systems. The function of the fuel delivery system is to store and supply fuel to the engine.
Rising sales of passenger cars and light and heavy commercial vehicles are anticipated to fuel the automotive fuel delivery system market, thanks to recent technological advancements. Toyota’s partnership with the US Department of Energy (DOE) on the planning, building, and installation of a 1MW proton exchange membrane (PEM) is one illustration of these advancements.
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Sales of commercial and passenger vehicles, alternative fuel vehicles, and gearbox integrated circuits are increasing in the market for automotive fuel delivery systems. PEST analysis for the gearbox and engine has improved and streamlined the fuel supply systems. The market for petrol delivery systems for vehicles is flourishing in large part because of these advancements.
Due to the significant market potential for EVs, the market for petrol distribution systems for cars is facing difficulties. To reduce the demand for imported petroleum and air pollution, the government aggressively encourages the use of EVs.
Key Takeaways from Market Study
- North America holds 37.2% of the global share in the automotive fuel delivery system market. The region thrives on factors like increased hosting of car racing events.
- The Asia Pacific is likely to hold a significant market share. The growth is expected to thrive on factors like cost-effective and low-emission vehicles, increased production, and lowering cost of hydrogen fuel cell vehicles.
- The increasing demand for alternative fuels such as CNG and LNG is expected to drive demand in the automotive fuel delivery system market.
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“The advanced automotive fuel delivery system and the integration of slight modification of multiple composites enhance the fuel efficiency, regardless of fuel type. The new enhanced and integrated transmission systems increase engine performance. A new fuel pump relay is an electric switch commanded on or off by the powertrain control module or PCM.” opines a Future Market Insights analyst.
Competitive Landscape
Some of the key participants present in the global automotive fuel delivery system market include Aisin Corp., BorgWarner Inc., Continental AG, DENSO Corp., Hitachi Ltd, Landi Renzo Spa, Magna International Inc., Marelli Holdings Co. Ltd. among others.
Recent Market Development
- Continental AG has introduced its latest noise reduction solutions for fuel systems thaat have high volume hoses absorb pressure-induced vibrations, enhanced driving comfort, and OEM relleases. This fuels the sales of automotive fuel delivery systems.
- Landi Renzo has introduced the LPG or CNG system produces lower Co2 levels and has nox maximum reduction. Some of the automobile giants that the company is attached with are Toyota, Alfa Romeo, and Chrysler. This fuels the demand for automotive fuel delivery system.
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Key Segments Covered in the Automotive Fuel Delivery System Report
Vehicle Type:
- Automotive Fuel Delivery Systems for Passenger Cars
- Automotive Fuel Delivery Systems for Commercial Vehicles
Fuel Type:
- Gasoline-powered Automotive Fuel Delivery Systems
- Diesel-powered Automotive Fuel Delivery Systems
- Other Fuel-powered Automotive Fuel Delivery Systems
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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