Automotive Fuel Systems Market Size, Share, & Forecast | 2020-25

Automotive Fuel System Market Insights

Automotive fuel system market is likely to witness a healthy CAGR of 4.5% during the forecast period. The demand for automotive fuel system is directly influenced by the global vehicle production. It is estimated that approximately 652.0 million vehicles are likely to be produced worldwide during 2019-2024 out of which Asia-Pacific will alone account for 55.3% share.

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.   

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Automotive Fuel System Market Share: By Vehicle Type

Based on the vehicle type, the market is segmented as passenger car, light commercial vehicle, medium- to heavy-duty commercial vehicle, and hybrid vehicles. 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.

Automotive Fuel System Market Share: By Technology Type

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.

Automotive Fuel System Market Share: By Region

In terms of regions, 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.

Key Players in Automotive Fuel System Market

Some of the major automotive fuel system manufacturers are 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. The development of advanced fuel systems, the development of lightweight systems, regional expansion, and formation of strategic alliances are the key strategies adopted by the major players in order to remain competitive in the market.

Market Scope & Segmentation

Automotive Fuel systems comprise of the all whole system that is responsible for carrying the fuel in the engine and also then carrying it out of the engine after use. Some of the important parts of the fuel system are engine control unit, fuel pressure regulator, fuel pump, fuel injectors, and fuel tank.

Automotive Fuel System can be for vehicles running on gasoline as well as diesel. Different fuel system technologies that are operational today are gasoline port injection, gasoline direct injection, and diesel direct injection.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The automotive fuel system market is segmented into the following categories. 

Automotive Fuel System Market Size, Share, & Forecast, by Vehicle Type:

• Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medium-to Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hybrid Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Fuel System Market Size, Share, & Forecast, by Component Type:

• Engine Control Unit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fuel Injectors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fuel Pressure Regulator (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fuel Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fuel Pump (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Fuel System Market Size, Share, & Forecast, by Fuel Type:

• Gasoline (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Diesel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Fuel System Market Size, Share, & Forecast, by Technology Type:

• Gasoline Port Injection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gasoline Direct Injection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Diesel Direct Injection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Fuel System Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the vehicle types by technology type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].