Global Automotive Fuel Delivery System Market 2018-2022
About this market
The goal of a performance- oriented vehicle is to attain maximum speeds within minimum time. A high- performance vehicle will be equipped with a specifically designed drivetrain that can be maintain rigidity and balance over- high speeds and a capable powertrain system with an advanced fuel delivery system that can produce and transfer maximum amount of horsepower to the wheels within a short time. An increase in the sales of high- performance cars in expected to drive the growth of the global automotive fuel delivery system market in terms of technological development. Technavio’s analysts have predicted that the automotive fuel delivery system market will register a CAGR of close to 4% by 2022.
Increasing sales of high- performance cars and supercars
The fuel delivery system ensures that a sufficient amount of fuel is transferred for producing the needed amount of power. Thus, the rising adoption of high- performance vehicles is anticipated to drive the demand for advanced fuel delivery systems during the forecast period.
High market scope for EVs
Governing bodies are actively encouraging the manufacture and purchase of EVs by offering tax credits and subsidies. Global warming, rising air pollution and depletion of petroleum- based fuels are forcing the governing bodies to encourage the use f battery- operated EVs that are environmental- friendly.
For the detailed list of factors that will drive and challenge the growth of the automotive fuel delivery system market during the 2018-2022, view our report.
The automotive fuel delivery system market is fragmented since the market has a number of companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Automotive Fuel Delivery System Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive fuel delivery system market: Bosch, Continental, DENSO, Magna International, Magneti Marelli, TOYODA GOSEI.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the vendors are still testing this design for its feasibility and are yet to deploy it on production-ready models of automotive in-wheel motors.”
According to the report, one of the major drivers for this market is the increased number of collaborations, projects, and activities in automotive in- wheel motors.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of production associated with automotive in- wheel motors.
Magneti Marelli (FCA Group)
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