Automotive Fuel Systems Market Size to Grow at a CAGR of 4.5% by 2025

Automotive Fuel Systems Market is expected to grow at a CAGR of 4.5% during the next five years, according to a newly added report by Stratview Research. Some other noticeable factors that further substantiate the demand for fuel systems are the stringent regulations regarding the carbon emission reductions and fuel efficiency enhancements, a shift from gasoline to diesel-powered vehicles to alternative powertrain technologies, advancement in fuel system technologies, and an increasing demand for lightweight systems.

The automotive industry experienced the most disruptive decade where the focus on the development of complete autonomous vehicles as well as electric vehicles were the megatrends. Several big companies, such as Apple and Google, are keenly developing autonomous vehicles and electric vehicles, which are rendering a huge threat to the conventional automakers. Conventional automakers are also squandering huge money for the development of autonomous and electric vehicles in order to remain competitive in the market.

Stringent regulations regarding the carbon emission reductions, fuel efficiency enhancements, and passenger safety are the primary causes of the shift from conventional gasoline- or diesel-powered vehicles to alternative powertrain technologies. It is estimated that these regulations will also imprint a huge impact on the competitive landscapes on the automotive industry as well as on its components markets including fuel systems.

The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.

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As per the report, among different vehicle types, 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.

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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.

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The report further mentions about the key manufacturing players 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. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Automotive Fuel Systems Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.

Salient Features of the Report
The report on Automotive Fuel Systems Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
• Market structure,
• Market environment analysis,
• Market trend and forecast analysis,
• Market segment trend and forecast,
• Competitive landscape and dynamics,
• Attractive market segments and associated growth opportunities,
• Emerging trends,
• Strategic growth opportunities for the existing and new players,
• Key success factors

About Stratview Research:
Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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About Stratview Research
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This release was published on openPR.