Automotive Fuel System Market

Automotive Fuel System Market By Fuel Type (Petrol, Diesel), By Component (Intake Manifold, Throttle Body, Air Filters, Fuel Injectors, PCMs/ECMs, Airflow Meters, Fuel Filters, Fuel Pumps, Fuel Tanks, Pressure Regulators), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Off-road Vehicles), and By Region – Global Market Report (2024 to 2034)

Analysis of Automotive Fuel System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Automotive Fuel System Market Outlook (2024 to 2034)

As per a recently published industry analysis by Fact.MR, the global automotive fuel system market is estimated at US$ 76.37 billion in 2024. The market is forecast to rise at a CAGR of 3.4% and reach a value of US$ 106.69 billion by the end of 2034.

The implementation of stringent emission regulations around the world is projected to stimulate demand for innovative fuel systems. More manufacturers of automotive fuel systems are involved in the development of cleaner and more efficient technologies to comply with set emission standards. Increasing focus on environmental sustainability and fuel efficiency is projected to increase demand for automotive fuel systems to improve overall vehicle efficiency.

The significant growth of the automotive sector with the growing production of vehicles is leading to a demand for automotive fuel systems. Ongoing advancements in fuel system technologies, including electronic fuel injection, integrated fuel systems, and direct fuel injection, are contributing to the expansion of the automotive fuel system market.

  • Sales of automotive fuel systems in the United States are projected to rise at a 4.3% CAGR and reach US$ 20.42 billion by the end of 2034.
  • Demand for automotive fuel systems in South Korea is forecast to increase at a CAGR of 6.5% from 2024 to 2034.
  • Worldwide demand for automotive fuel systems for use in passenger vehicles is projected to increase at 4% CAGR and reach a market value of US$ 76.22 billion by 2034-end.

Vehicle owners generally prioritize efficiency and performance and therefore contribute to the rising need for high-performance fuel systems with increased efficiency and better power. Incentives and policies from government bodies are supporting the development and adoption of more efficient fuel systems. The increasing disposable income of middle-class people is leading to their growing spending capacities, which further contributes to the rising sales of vehicles. Therefore, there is an increase in the need for automotive fuel systems across geographies.

Companies are investing in R&D activities to develop cost-effective and innovative fuel system solutions to get a competitive edge, which is further leading to market expansion.

Report Attributes Details
Automotive Fuel System Market Size (2024E) US$ 76.37 Billion
Forecasted Market Value (2034F) US$ 106.69 Billion
Global Market Growth Rate (2024 to 2034) 3.4% CAGR
East Asia Market Share (2024E) 33.7%
Japan Market Growth Rate (2024 to 2034) 4.3% CAGR
Petrol Fuel System Segment Market Share (2034F) 64.1%
Key Companies Profiled
  • 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
  • Woodward, Inc.

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Which Aspects are Driving Worldwide Demand for Automotive Fuel Systems?

“Increasing Sales of High-performance Supercars and Vehicles”

One of the prominent growth drivers for the increasing demand for automotive fuel systems is the growing sales of many high-performance supercars and vehicles. High-performance vehicles are generally equipped with an advanced drivetrain. These performance-oriented vehicles can reach significant speeds in a limited period. Therefore, growing sales of high-performance vehicles are forecast to increase demand for automotive fuel systems with technological advancements.

In recent years, a noteworthy increase in the sales of automobiles has been encountered in several segments, such as light commercial vehicles, heavy commercial vehicles, and passenger cars. This is projected to contribute to the growth of the automotive fuel system market.

What are the Impediments to the Growth of the Automotive Fuel System Market?

“Government Endorsement of Electric Vehicle Use Limiting Demand for Petroleum-based Vehicles”

Fuel systems are a pivotal component of automobiles and have a direct impact on vehicle performance. Any sort of interruptions or delays in the automotive fuel systems are projected to directly impact the performance of respective vehicles, which is commonly unacceptable to vehicle owners. The evolution of the potential market for electric vehicles is forecast to create challenges for suppliers of automotive fuel systems.

Several government organizations around the world are actively promoting the use of electric vehicles through subsidies as an initiative to minimize the demand for petroleum-based vehicles, thus reducing air pollution. Electric vehicles are comparatively economical in operation and maintenance compared to automobiles with internal combustion engines. Therefore, demand for automotive fuel systems is projected to be affected to some extent.

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How are Start-ups Contributing to Global Market Growth?

“Focus on Investments in Alternative Fuel Technologies”

Start-ups need to invest in the development of alternative fuel systems, including compressed natural gas (CNG), hydrogen, and biofuels. The development of innovative fuel systems with improved compatibility using these alternative fuels is forecasted to address the increase in demand for systems with cleaner energy sources, which is further contributing to revenue streams.

Country-wise Insights

East Asia is forecast to account for 33.7% of the market share by 2034. The increasing demand for economical and minimal-emission vehicles in the region is forecast to contribute to the sales of automotive fuel systems.

Why is the United States a Lucrative Market for Automotive Fuel System Manufacturers?

“Constantly Rising Sales of Commercial Vehicles”

Attribute United States
Market Value (2024E) US$ 13.46 Billion
Growth Rate (2024 to 2034) 4.3% CAGR
Projected Value (2034F) US$ 20.42 Billion

The United States is forecast to account for a 72.5% share of the North America market by 2034. The United States holds a dominant position in the region based on the manufacturing and sales of automobiles. Therefore, a steady and gradual rise in the demand for automotive fuel systems is projected over the next decade. Moreover, increasing participation in motor racing events in the United States is also influencing automotive fuel system market trends.

How is the Market for Automotive Fuel Systems Faring in China?

“Increasing R&D Activities Aimed at Minimizing Cost of Automotive Fuel Systems”

Attribute China
Market Value (2024E) US$ 13.93 Billion
Growth Rate (2024 to 2034) 4% CAGR
Projected Value (2034F) US$ 20.6 Billion

The market in China is forecast to occupy a 57.3% share of the East Asia market by 2034. The presence of some of the prominent manufacturers of automotive fuel systems in the country is projected to contribute to revenue streams. In addition, increasing demand for low-emission and affordable vehicles in China is forecast to positively impact sales of automotive fuel systems. Not only large but also small players in the Chinese market are focusing on minimizing the cost of automotive fuel systems.

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Category-wise Insights

According to Fact.MR’s analysis, vehicle intake manifolds are forecasted to hold a leading market share owing to their contribution to the effective functioning of the engine. In addition, intake manifolds also help in the smooth functioning and efficiency of automotive fuel systems.

Why are Petrol-based Automotive Fuel Systems So Popular?

“Higher Performance Attributes of Petrol Fuel Systems”

Attribute Petrol Fuel Systems
Segment Value (2024E) US$ 48.19 Billion
Growth Rate (2024 to 2034) 3.6% CAGR
Projected Value (2034F) US$ 68.39 Billion

Based on fuel, petrol-based automotive fuel systems are projected to hold a 64.1% share of global market revenue by 2034. Fuel is one of the most prominent factors in the design of automotive systems. Sales of petrol fuel systems are forecast to increase more owing to performance-related considerations and consumer demand. Petrol engines are more favored in passenger cars because of their performance attributes.

Which Vehicle Type Accounts for High Deployment of Automotive Fuel Systems?

“High Sales of Passenger Vehicles Stimulating Demand for More Efficient Automotive Fuel Systems”

Attribute Passenger Vehicles
Segment Value (2024E) US$ 51.32 Billion
Growth Rate (2024 to 2034) 4% CAGR
Projected Value (2034F) US$ 76.22 Billion

Passenger vehicles are projected to occupy a 71.4% share of the global market by 2034. Growing manufacturing and fleets of passenger vehicles are forecasted to contribute to the rising demand for automotive fuel systems. Increasing per capita income along with growing expenditure on automobiles is projected to lead to the increasing number of passenger vehicles on the road. This also leads to consumers’ inclination toward high-quality and luxurious equipment in their respective vehicles.

Competitive Landscape

The global market is highly competitive, with several manufacturers fighting for their supremacy. The market players are increasing their expenditure capacity to provide quality products, strengthen supply chain management systems, and focus on innovation.

Key players in the automotive fuel system industry include 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.

Segmentation of Automotive Fuel System Market Research

  • By Fuel Type :

    • Petrol
    • Diesel
    • Others
  • By Component :

    • Intake Manifold
    • Throttle Body
    • Air Filters
    • Fuel Injectors
    • PCMs/ECMs
    • Airflow Meters
    • Fuel Filters
    • Fuel Pumps
    • Fuel Tanks
    • Pressure Regulators
  • By Vehicle Type :

    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Off-road Vehicles
  • By Region :

    • North America
    • Europe
    • East Asia
    • Latin America
    • Middle East & Africa
    • South Asia & Oceania

- FAQs -

How big is the automotive fuel system market in 2024?

The global automotive fuel system market is estimated at US$ 76.37 billion in 2024.

What is the sales projection for automotive fuel systems for 2034?

Sales of automotive fuel systems are projected to reach US$ 106.69 billion by the end of 2034.

At what rate is the demand for automotive fuel systems forecasted to increase?

Worldwide demand for automotive fuel systems is forecasted to rise at 3.4% CAGR from 2024 to 2034.

What will the contribution of East Asia be to global market revenue?

East Asia is projected to account for 33.7% share of global market revenue by 2034.

At what rate are the sales of automotive fuel systems forecasted to rise in South Korea?

Sales of automotive fuel systems in South Korea are forecasted to increase at a CAGR of 6.5% from 2024 to 2034.

What is the projected demand valuation of automotive fuel systems for passenger vehicles for 2034?

Demand for automotive fuel systems for use in passenger cars is projected to reach a market value of US$ 76.22 billion by the end of 2034.

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