The demand and supply for automotive fuel transfer assemblies had a moderate downfall with the covid-19 pandemic. The pandemic has had a very negative effect on the world economy. That’s why, the concern related to upsurge of many industries is appropriate. However, now the world is coming back to its pace and world economy is expected to grow briskly.
Considering the awareness regarding technology and advancements in it, prominent players are focusing on launching effective products at competitive costs. Top manufacturers in 2021 are involved in new product launches, collaborations, strategic alliances, joint ventures, mergers & acquisitions, research and developments, product innovations etc. to occupy a leading position in this market.
Key Developments in Automotive Fuel Transfer Assemblies Market
In November 2020, TI Fluid Systems (TIFS) started high-volume production of new thermal products, assemblies, and technology for the new Volkswagen ID.3 and ID.4 battery electric vehicles. The company is offering its heat pump technology using R744 aka CO2 refrigerant provides both heating and cooling for the cabin comfort and operates at a higher efficiency in certain conditions for battery range extension.
In July 2020, Cooper standard Holdings Inc. completed the divestiture of its European rubber fluid transfer and speciality sealing businesses, as well as its Indian operations, to Mutares SE and Co. KGaA. It is expected that the company will operate 21 production facilities in 8 countries in Europe and 18 manufacturing facilities across China and Korea.
Again merger between Groupe PSA and Fiat Chrysler Automobile (FCA) happened in July 2020. The two companies have announced that their new Corporation will be called “Stellantis”. The completion of the merger is expected to be in the first quarter of 2021. It will make the fourth largest carmaker by volume. They are expected to have investments in vehicle platforms, engine families and new technologies.
What are Automotive Fuel Transfer Assemblies Used for?
Automotive fuel transfer assemblies are used for improving the fuel system availability and safety during the transmission of fuel to the combustion unit of an automotive engine. A fuel pump transfer assembly is mounted in a fuel tank for sending fuel to a fuel injector, which includes a driving means for supplying a driving force for sending or returning fuel. With increasing temperatures and increasing electronic controls, the need for efficient coolants is also increasing.
For the lower temperature range, companies are producing advanced multi-layer tubing, and for the higher temperature range, they provide hybrid lines consisting of steel tubing with high-performing lightweight fluorocomp® hoses. Automotive fuel transfer assemblies play an integral role in running any vehicle smoothly. These fuel transfer assemblies assist the engine in running as estimated under a wide range of driving conditions and rates of fuel consumption.
As the demand for automotive components is surging in developing countries such as India, China, Brazil, Japan, and others, governments are undertaking many initiatives to increase the sales of these components. Technological developments in this niche, but significant products with the highest penetration rate in a vehicle is expected to enhance the growth of the automotive air fuel transfer assemblies market.
What’s Driving Sales of Automotive Fuel Transfer Assemblies?
Rates of fuel consumption and high efficiency are some of the major drivers for its significant growth. The ability of these fuel transfer assemblies to transfer a constant pressurized fuel supply to the fuel injection from the fuel tank on the engine is escalating the demand for automotive fuel transfer assemblies.
The growing demand for passenger vehicles with technological advancements is spurring the growth. The growing automotive industry and demand for auto components are expected to support the growth of the automotive fuel transfer assemblies industry.
However, the low replacement rate of fuel transfer assemblies in vehicles restrains the growth.
The global automotive fuel transfer assemblies market is segmented on the basis of product type, vehicle type, and sales channel.
On the basis of product type:
- Brake Line
- Fuel Line
- Oil Line
- Twin Turbo
- Emission Control Line
- Valve Actuation Line
- Air Compressor Line
- Coolant EGR, Turbo, Doser, Injector
- Coolant Engine, Air Compressor
On the basis of vehicle type:
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Luxury Vehicles
On the basis of sales channel, the automotive fuel transfer assemblies market is segmented as:
North American countries such as the U.S. and Canada are expected to show vigorous growth in the automotive fuel transfer assemblies market, owing to the large number vehicles production in these countries. The same perspective holds true for European countries such as Germany, Spain, and France.
These countries exhibit high potential growth in the automotive fuel transfer assemblies, due to escalating vehicle sales and a renewed interest in electric vehicles. India and China are expected to be on the forefront for the growth in Asia Pacific region, due to the major contribution of these two economies in the automotive industry.
The segment of the automotive fuel transfer assemblies market is expected to increase in the MEA region, due to the augmented demand for luxury vehicles in this region. Japan is also expected to show high potential, due to the presence of a large number of OEMs in the country. Latin America region is expected to experience slow growth, due to the decline in automotive industry in the region’s largest economy, Brazil, but is projected to pick up steam in the latter stages of the forecast period.
Key participants of the global automotive fuel transfer assemblies markets are the following:
- Robert Bosch GmbH
- Akron Polymer Products
- ATS Automation Tooling Systems Inc
- Kongsberg Automotive
- Jalex automotive Pvt. Ltd.
The research report presents a comprehensive assessment and contains thoughtful insights, facts, historical data and statistically supported and industry-validated data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to geographies, application and industry.
The report covers an exhaustive analysis on:
- Size, dynamics and segmentation of the market.
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
Regional analysis includes:
- 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)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of trends, macro-economic indicators and governing factors along with attractiveness as per segments. The report also maps the qualitative impact of various factors on segments and geographies.
- Detailed overview of parent industry
- Changing dynamics in the industry
- In-depth segmentation
- Historical, current and projected size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on industry performance
- Must-have information for prominent players to sustain and enhance their footprint
Fact.MR offers custom research services that help clients to get specific research solutions
We are committed towards customer satisfaction and quality service.