Growing consumer awareness about carbon footprint contributing to adoption of advanced automotive fuel systems for enhanced fuel efficiency & reduced emissions
ROCKVILLE, MD, UNITED STATES, March 11, 2025 /
EINPresswire.com/ -- Global
Automotive Fuel System Market Set to Grow Steadily, Expected to Cross $106.69 Billion by 2034. The worldwide automotive fuel system market is worth $76.37 billion in 2024, as per a recent study by Fact.MR, a prominent market research and competitive intelligence company. The market is expected to expand at a CAGR of 3.4% during 2024-2034, led by rising automobile sales, technological innovation, and a transition towards fuel-efficient and eco-friendly options.
Increased per capita income and the emerging trend of using safer, more comfortable, and advanced cars are driving demand for automotive fuel systems. Automotive fuel systems are the key to efficient fuel delivery and maximum vehicle performance. Advances in technology, specifically the switch to fuel injectors from carburetors, are further increasing fuel efficiency and engine performance.
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Top producers are becoming more inclined towards using plastic fuel tanks to lighten the vehicle and enhance efficiency. These tanks are light in weight, non-corrodible, and inexpensive compared to conventional metal tanks.
As the automotive industry expands, fuel consumption is likely to increase, leading to a move towards alternative fuels like biofuels, LNG, and CNG. Environmental concerns and attempts to minimize carbon footprints are speeding up the transition to these alternative fuels and, in turn, driving demand for automotive fuel systems.
Key Market Players:
Plastic Omnium, Robert Bosch GmbH, Denso Corporation, YAPP Automotive Systems Co., Ltd., Delphi Technologies PLC, TI Automotive, Continental AG, Federal-Mogul Corporation, Edelbrock LLC, Kinsler Fuel Injection, and Woodward, Inc. are leading automotive fuel system manufacturers.
Key Market Insights
Market Valuation (2024): $76.37 billion, Market Size Forecast (2034): $106.69 billion. Growth Rate (2024-2034): 3.4% CAGR
Petrol-Based Fuel Systems (2034): Projected to occupy 64.1% of the market. Market Share of East Asia (2034): 33.7% of global revenue Growth Rate of South Korea (2024-2034): 6.5% CAGR
Increasing Demand for Low-Emission & Low-Cost Vehicles
East Asia is expected to experience a 4.3% CAGR in demand for automotive fuel systems, growing to $35.95 billion by 2034. Growth in the region is fueled by an escalating demand for low-emission and affordable vehicles, combined with rising investment in manufacturing capacity.
The drive for lower fuel consumption, decreased carbon emissions, and tighter government regulations is set to drive demand for sophisticated automotive fuel systems, according to a Fact.MR analyst.
As the market transitions towards fuel efficiency, emissions reduction, and innovation, prominent players in the automotive fuel system market are set for sustained profitability and growth in the coming decade.
Country-wise Insights
The United States is forecasted to command a 72.5% market share in North America by 2034. Its regional dominance is fuelled by robust automobile production and sales. Consequently, the automotive fuel system demand is projected to increase consistently over the course of the next decade. Also contributing to shaping market trends for automotive fuel systems is increasing activity in motor racing events nationwide.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the automotive fuel system market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on fuel type (petrol, diesel, others), component (intake manifold, throttle body, air filters, fuel injectors, PCMs/ECMs, airflow meters, fuel filters, fuel pumps, fuel tanks, and pressure regulators), and vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, and off-road vehicles), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
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