The global automotive fuel system market is estimated to be valued at US$ 55 Bn in 2019, and is projected to exhibit a CAGR of 3.4% during the forecast period (2019–2029), with a limited impact of the current situation on long-term growth forecasts.
According to a PMR study, the COVID–19 pandemic continues to hamper automotive production activities across the globe, as some of the most affected countries are major automotive production hubs, such as China, Germany, the U.S, and Japan, among others. The COVID–19 outbreak is likely to significantly impact consumer demand in the short term, with car sales in China already registering an 86% drop in Feb 2020. Tier 2 and especially tier 3 suppliers of automotive fuel systems are likely to be most affected by pandemic-related disruptions.
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FACTS AT A GLANCE
Companies: Magna International Inc. ,Plastic Omnium ,Westport Fuel Systems Inc. ,Delphi automotive PLC ,Denso Corporation ,Robert Bosch GmbH ,Hitachi Automotive Systems ,AISIN SEIKI Co., Ltd.,Cummins Inc. ,YAPP Automotive Systems Co., Ltd
Coverage: All major geographies and key segments
Segments: Automotive Fuel System Market is segmented by component type that is Intake Manifold,Throttle Body,Air Filters, Fuel Injectors, PCMs/ ECMs, Airflow Meters, Fuel Filters,Fuel Pumps, Fuel Tanks, Pressure Regulators, also by engine type that is Petrol, Diesel, CNG, and by vehicle type that is Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Off-road Vehicles.
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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Persistence Market Research (PMR) recently published a study report on the global automotive fuel system market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the automotive fuel system market structure.
This market report presents exclusive facts and figures about how the automotive fuel system market is expected to grow over the forecast period of 2019-2029.
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Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market, are explained in PMR’s report in a comprehensive manner. This information helps readers understand the quantitative development projections of the automotive fuel system market for the forecast period.
The study is relevant for stakeholders in the automotive fuel system market, such as manufacturers, distributors, suppliers, and investors, as it can help develop effective strategies for growth. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the automotive fuel system market can leverage the information and statistics presented in PMR’s market report.
The report includes facts & figures related to the macro- as well as micro-economic factors that are impacting the growth of the automotive fuel system market. The study also offers actionable insights based on the trends in the automotive fuel system market.
Furthermore, regional players and new entrants in the automotive fuel system market can also use the information presented in this report to make winning business decisions and gain momentum in the market.
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