Global Automotive Fuel Delivery System Market 2018-2022 | Increasing Sales of High-performance Cars and Supercars to Boost Demand | Technavio
LONDON--(BUSINESS WIRE)--Nov 20, 2018-- analysts forecast the global automotive fuel delivery system market to grow at a CAGR of nearly 4% during the forecast period, according to their latest market research report.
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Technavio has released a new market research report on the global automotive fuel delivery system market for the period 2018-2022. (Graphic: Business Wire)
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According to Technavio analysts, one of the key factors contributing to the growth of the global automotive fuel delivery system market is the increasing sales of high-performance cars and supercars:
Global automotive fuel delivery system market: Increasing sales of high-performance cars and supercars
The goal of a performance-oriented vehicle is to attain maximum speeds within minimal time. A high-performance vehicle will be equipped with a specifically designed drivetrain that can maintain rigidity and balance over-high speeds and a capable powertrain system with an advanced fuel delivery system that can produce and transfer the maximum amount of horsepower to the wheels within a short time. An increase in the sales of high-performance cars is expected to drive the growth of the market.
According to a senior analyst at Technavio for research on automotive components, “The presence of a significant number of high-net-worth individuals in Asia will drive the sales and production of high-performance vehicles in APAC. This scenario is expected to increase the demand for advanced automotive fuel delivery systems in the future. Several high-performance car manufacturers have launched additional models of their vehicles in China and India to expand market shares.”
Global automotive fuel delivery system market: Segmentation analysis
The global automotive fuel delivery system market research report provides market segmentation by application (passenger cars and commercial vehicles) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The passenger cars segment held the largest market share in 2017, accounting for over 53% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of nearly 40%. This region is expected to dominate the market through 2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES GENERAL AUTOMOTIVE
SOURCE: Technavio Research
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