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Automotive Fuel Delivery System Market - New Revenue Pockets
Asia-Oceania Would be Potential Market in Near Future
Asia-Oceania has been a major hub for the global automobile original equipment manufacturers (OEMs) for setting up manufacturing facilities. Automobile giants such as Volkswagen, Fiat Chrysler Automobiles, General Motors, and Ford Motor Company have already set up manufacturing plants in different parts of this region. Along with these OEMs, there are Tier-I and Tier-II suppliers that have established themselves in this region. Various automotive fuel delivery system manufacturers such as Denso Corporation (Japan), Toyoda Gosei Co., Ltd. (Japan), and Keihin Corporation (Japan) are based in the Asia-Oceania region, and several companies are planning to expand their manufacturing facility in this region. This is expected to play a crucial role in the growth of the automotive fuel delivery system market in this region. Alternative fuel vehicle production volume in Asia-Oceania is also increasing, which is expected to drive the automotive fuel delivery system for alternative fuel vehicles.
North America & Europe: Promising Growth in Automotive Fuel Delivery System
The North American region has a highly sophisticated market, in terms of technology. Most of the automobile manufacturers including Volkswagen, Ford Motor Company, and BMW AG have manufacturing plants in this region. On the other hand, for the past couple of years, the RoW region has become a potential market for automobile manufacturers, as they offer similarly manufactured quality at reduced cost as compared to regions such as North America and Europe. The growth rate for automotive fuel delivery system in the RoW region is expected to increase in the near future. This is because of cheap labor and land is available in this region, which is attracting OEMs to open new production facilities. Growing vehicle production and alternative fuel vehicles sales volume, along with increasing average life of vehicle has triggered the demand for fuel delivery system in OE.
Automotive Fuel Delivery System Market by Component (Fuel Pump, Injector, Pressure Regulator, Filter & Rail, and Throttle Position Sensor), Alternative Fuel Vehicles (CNG, LPG and LNG) and Region - Industry Trends and Forecast to 2019
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