Global Automotive Fuel Pipes Market 2017-2021
About Automotive Fuel Pipes
The fuel pipes transfer the fuel from the tank to the engine. The main fuel line in a vehicle allows the fuel pump to draw the fuel out of the fuel tank to the carburetor, or the metering section of the injection system. On the other hand, in a vehicle equipped with direct injection technology, the fuel pipes connect the pump outlet fitting with the high-pressure rail to allow the fuel to be distributed to the individual fuel injectors that inject the fuel into the combustion chamber at a high pressure.
Technavio’s analysts forecast the global automotive fuel pipes market to grow at a CAGR of 3.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive fuel pipes market for 2017-2021. To calculate the market size, the report considers the sales volume of automotive fuel pipes in the OEM market. The replacement/aftermarket volume has not been considered in the report.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Fuel Pipes Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive fuel pipes market: Continental, Gates Corporation, Magna International, and Sumitomo Riko
Other Prominent Vendors in the market are: DuPont, Eaton, and Keihin Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Design improvements in fuel pipes. A vehicle requires fuel pipes to carry the fuel from the fuel tank to the engine compartment. With the current trend of OEMs focusing on the downsizing of engines, the large displacement engines, such as 3.5L V6 or 5L V8 engines, have been replaced by the 2L turbocharged engines. These downsized engines have the capacity to create more power from a small displacement engine. As a result, the engines tend to get heated soon. Thus, such engines require efficient automotive fuel pipes to withstand high pressure and temperature.”
According to the report, one of the major drivers for this market is Downsizing of the engine will lead to manufacturing efficient fuel pipes resistant to high temperatures. OEMs are reducing the engine capacity to make the vehicles more fuel-efficient. Engine capacities of 2L-2.5L have been downsized. These engines have a boosting device, such as a turbocharger and direct injection system. The new engines, though of a lesser capacity, can achieve similar performance. The reduction in the engine capacity reduces the number of cylinders used and significantly reduces the friction in the engine while reducing the weight of the engine. The introduction of such engines has led to the development of fuel pipes that are resistant to vehicle vibrations and high temperatures and pressure. In addition, the fuel pipes are resistant to corrosion and inert to the fuel and fuel additives.
Further, the report states that one of the major factors hindering the growth of this market is Rise in demand for battery electric vehicles is acting as a deterrent for the global automotive fuel pipes market. The sales of battery electric vehicles started picking up since 2014. Though many factors contributed to the increasing sales, the most important factor is the government initiatives to promote the adoption of battery electric vehicles among the people. The battery electric vehicles market is nurtured by the governments worldwide intending to curb carbon emission. The global battery electric vehicles market is gaining momentum due to several benefits provided by the governments, stringent carbon emission norms to reduce the average CO2 emission by OEMs, increased consumer awareness to curb greenhouse gas emissions and increase in collaboration among the foreign and regional players.
Continental, Gates Corporation, Magna International, and Sumitomo Riko, DuPont, Eaton, and Keihin Corporation