Europe Automotive Fuel Delivery System Market

Europe Automotive Fuel Delivery System Market Size (2022-2027):

The Europe Automotive Fuel Delivery System Market was worth US$ 3.56 billion in 2021 and is anticipated to reach a valuation of US$ 8.9 billion by 2027 and is predicted to register a CAGR of 5.91% during 2022-2027.

Automotive fuel supply systems are mainly used in automobiles for fuel supply purposes. The automotive fuel supply system consists of the proper functioning of the engine and the essential components used for regular fuel supply. Depending on the loading conditions, the fuel supply is necessary because it plays a vital role in the mixture of air and fuel. Well-designed systems are used to reduce pollution and increase the level of accuracy.

Market Growth

The main driver of the market is the growth in sales of all vehicle segments. In addition, technological advances further strengthened market growth to improve fuel economy and engine efficiency.

Market Drivers and Restraints:

The Automotive Fuel Delivery System is a crucial component of the vehicle. A well-designed fuel supply system can increase engine efficiency and reduce pollution. Government agencies and manufacturers are emphasizing the development of advanced designs of fuel supply systems as the focus on pollution reduction increases and the demand for high-efficiency engines increases. This is one of the drivers of the European Automotive Fuel Delivery System Market. The growing automotive demand, the new refuelling in the market, and the technological advances have created significant opportunities for the Europe Automotive Fuel Delivery System Market.

The main limitation of the fuel supply system market is the cost of the system. The more efficient and sophisticated the fuel supply system, the higher the price.

Market Recent Developments:

• Magneti Marelli S.P.A. began a program to train advanced engineers in suspension systems in the automotive sector. 
• Bosch and Munich Re agreed on IT collaboration, risk management, and product co-management through a partnership.

EUROPE AUTOMOTIVE FUEL DELIVERY SYSTEM MARKET REPORT COVERAGE:

Market Segmentation

Europe Automotive Fuel Delivery System Market - By Vehicle Type:

• Passenger Vehicles
• Commercial Vehicles

The commercial vehicles segment accounted for a prominent share due to globalization and increasing trade activities across Europe. However, the rising demand for passenger vehicles is also likely to contribute majorly to this market in the forecast period.

Europe Automotive Fuel Delivery System Market - By Fuel Type:

• Diesel
• Gasoline
• LPG/CNG

The LPG/CNG segment holds the highest portion in the regional and global market, owing to the affordable prices, fuel efficiency, and ease of availability across the area. The rise in demand with the mounting automotive sales also supports the expansion in this segment.

Europe Automotive Fuel Delivery System Market - By Component:

• Fuel Pumps
• Storage Tanks
• Engine Control Unit (ECU)
• Fuel Injectors
• Pressure Regulators
• Throttle Position Sensor

Of all these segments, fuel pumps and fuel injectors account for a considerable part of the overall revenue, which is presumed to continue further in the coming years. 

Market Regional Analysis:

• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe

Europe ranked first with a 35.1% share in this global market. The formation of low-emission areas in several countries of the European Union led to high market growth, and automakers in the region invested heavily in fuel and injection systems. Europe is considered a mature market, and growth is slow compared to other markets. Also, the financial statement and population growth are anticipated to drive Europe's Automotive Fuel Delivery System Market growth in the future.

The consumer's disposition for light vehicles has a positive impact on the European market. Sales of commercial and passenger cars in the United Kingdom, Germany, France, Italy, Spain, and other countries are foreseen to increase in the coming years.

Market Key Players:

1. Denso Corporation
2. Toyda Gosie
3. Keihin Corporation
4. Robert Bosch
5. Continental AG
6. Landi Renzo S.p.A.
7. Standard Motor Products
8. Delphi Automotive PLC
9. Magna International
10. Magneti Marelli

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 and face-to-face interviews for each market, category, segment, and sub-segment across geographies.

Market Report Highlights:

1. Evaluation of the current stage of the market and future implications of the market based on the detailed observation of recent key developments.
2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
3. Comprehensive segmentation of the market, detailed evaluation of the market by further sub-segments.
4. Address Market Drivers and restraints and provide insights for gaining market share.
5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of the competitive environment.