The APAC Automotive Fuel Delivery System Market is expected to reach a valuation of USD 9.8 billion by 2027 and is predicted to register a CAGR of 5.9% during the forecast period 2022-2027.
The Automotive Fuel Delivery System has become a vital component of the automotive industry, transferring fuel from the tank to the combustion chamber of the cylinder head. Automotive fuel delivery systems include pressure regulators, storage tanks, throttle position sensors, engine control units (ECUs), fuel injectors, and fuel pumps. Fuel delivery systems are used for all types of cars, regardless of the nature of the fuel used, including compressed natural gas (CNG) or gasoline.
Market Growth:
Due to technological advances, key points such as improving the efficiency of fuel supply systems are accelerating market growth due to the increase in sales of automobile fuel vehicles.
Market Drivers and Restraints:
There are quite a few HNWI (high net worth individuals) in Asia that drive the sale and production of high-performance vehicles in the area. This scenario is likely to increase the demand for advanced automotive fuel supply systems in the future. Several high-performance car manufacturers have launched additional vehicle models in China and India to expand their market share.
High-performance vehicles are equipped with a transmission specifically designed to maintain robustness and ultrafast balance, as well as a competent system with an advanced fuel delivery system that can produce maximum power and deliver it to the wheels in less weather. As a result, the increase in sales of high-performance cars will drive the growth of the fuel supply system market during the forecast period. The development of piezo injectors is one of the main trends that are expected to become popular in the market. This injector provides faster speeds than solenoid injectors and requires a minimum current to operate relatively.
However, growing demand from the automotive industry for the spread of electric vehicles is presumed to hamper the market growth.
Market Segmentation
Based on the vehicle type, the APAC automotive fuel delivery market is divided into commercial vehicles and passenger vehicles. The commercial vehicles segment registered a notable share in the review period due to the increase in trade activities across APAC. Nevertheless, the growing demand for passenger cars will also fuel this market demand in the forecast period.
Based on the fuel type, the APAC automotive fuel delivery system market is segmented as diesel, gasoline, LPG/CNG, and others. Among these, the Liquid Petroleum Gas (LPG)/ Compressed Natural Gas (CNG) segment holds the leading share in the regional market, attributed to its lower prices, more fuel efficiency, and availability across the area. The increase in the demand for LPG with the rise in sales also accelerates the enlargement in this segment.
On the basis of components, the APAC market is divided into fuel pumps, fuel injectors, storage tanks, engine control units, pressure regulators, throttle position sensors and others. Of these, fuel pumps and fuel injectors contributed a significant portion to the overall revenue, which is supposed to continue forward in the foreseen years.
Market Regional Analysis:
APAC dominates the business as the demand for light cars and heavy equipment in developing countries such as India and China increases. Asia-Pacific is the largest region in the world market for automobile fuel supply systems as demand for those increases. Despite the slowdown in growth in the Chinese market, the world's largest automotive market, the region is expected to lead the automotive fuel distribution system business in the future. Besides, the growing demand for cars in the area is driving APAC Automotive Fuel Delivery System Market.
Market Key Players:
Market Recent Developments:
Market Research Methodology:
Secondary Research - The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.
Primary Research - This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirements of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.
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