According to a new market report published by Transparency Market Research “Automotive Fuel Rail Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”, the global automotive fuel rail market is expected to surpass the US$ 5 Bn mark by 2026 and expand at a CAGR of more than 2% during the forecast period.
As per the new market research report published by
Transparency Market Research, the global automotive fuel rail market is
expected to expand at CAGR of more than 2% during the forecast period. The
market is primarily driven by the consistently increasing demand for passenger
and light commercial vehicles from Asia Pacific and Latin America. Moreover, a
key driver of the automotive fuel rail market is the increased demand for
electric vehicles, especially for hybrid electric and plug-in hybrid electric
vehicles.
The fuel rail is a key component of the automotive fuel
delivery systems. Enhanced fuel efficiency, increased lifespan of the engine,
and lowered pollution are prominent benefits of the common rail fuel delivery
system. Common rail fuel delivery systems have been popular since their
development. They offer several advantages such as maintenance of fuel pressure
irrespective of engine speed and load and reduced peak torque required to
supply the fuel by fuel pump. Consequently, common rail fuel delivery systems
are able to enhance engine efficiency, engine life, and smoothen engine
running. The fuel rail is an integral part of the common rail fuel injection
system. Fuel rail is subjected to high pressure ranging from 200 bar to 2500
bar, at which the engine operates. The design of the fuel rail needs to be
precise and accurate in order to handle such high pressure.
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In case of a fuel rail, material selection is a factor of
prime importance. The material must possess properties such as formability,
heat conductivity, corrosion resistance, and strength. Considering all these
parameters, steel is highly preferred by manufacturers. The steel segment of
the automotive fuel rail market accounted for a major share of the market, in
terms of revenue, in 2017. The segment is expected to expand at a CAGR more
than 2% between 2018 and 2026.
Besides steel, the other segment of the market is expected
to expand at a prominent growth rate in the near future. The other segment
consist of materials such as carbon fiber, plastics, and other composite
materials. These materials are extremely light in weight; however, they are
more expensive than steel and aluminum. Therefore, these are employed in
lightweight applications only. These materials are gaining popularity in the
automotive industry despite their higher cost, owing to preference of
manufacturers toward reduction of vehicle weight, increasing efficiency, and
emission reduction. The other segment of the market is expected to expand at a
CAGR of more than 4% during the forecast period.
There are different types of engines that are tested for an
automobile. Among all, inline engines are highly popular, and they hold a major
share of the automotive market. Most vehicle manufacturers prefer an inline
engine owing to its simplicity and cost-effectiveness. Therefore, the inline
engine segment of the automotive fuel rail market accounted for 88% share of
total market, in terms of revenue, generated in 2017. The segment is
anticipated to expand at a CAGR of more than 2% during the forecast period.
Diesel and gasoline have primarily been used as fuels for
vehicles since the development of internal combustion engines. Diesel and
gasoline have limited sources, and hence, the prices of these fuels have been
increasing consistently in recent years. Diesel is considered to be a major
source of emission. Diesel vehicles emit more greenhouse gasses than petrol
vehicles. Significantly increasing global temperature, owing to global warming,
is a serious issue currently. Subsequently, various countries are taking major
steps and forming different agreements to reduce emission. A protocol formed in
1997, known as Kyoto Protocol, was signed by developing nations to take actions
in order to reduce greenhouse gasses. In 2015, a similar agreement was signed,
called the Paris Agreement, by more than 190 nations, globally. The agreement
decided to reduce manmade CO2 emission in order to keep global warming well
below 2°C. Various countries are taking major steps to eliminate key sources of
emission and comply with meet the agreement. As part of the steps, several
countries have implemented a ban on diesel vehicles and in the future, several
other countries are expected to follow. Consequently, the percentage of diesel
vehicles is anticipated to decrease drastically during the forecast period.
Therefore, the gasoline segment of the automotive fuel rail market is likely to
expand at more than CAGR of 3% during the forecast period. Increasingly
stringent emission norms, raised awareness about vehicle emission and its
impact over global warming, and government support are fueling the demand for
electric vehicles, which produces comparatively lower emission and are
considered as eco-friendly. North America and Europe are witnessing an
increased demand for hybrid electric vehicles and plug-in hybrid electric
vehicles. Plug-in hybrid electric vehicles are more effective than hybrid
electric vehicles; however, hybrid electric vehicles are dominating the market
owing to a lack of charging infrastructure. The hybrid electric vehicle segment
of the automotive fuel rail market is expected to expand at a CAGR of 32.78%
during the forecast period.
The report comprises the market segmentation based on sales
channel, into OEM and aftermarket. A fuel rail, once fitted in an engine,
rarely needs to be replaced. It has a lifespan that equals the life of an
engine. In case of a crash, where the engine is damaged, a fuel rail is likely
to require replacement. Therefore, the OEM segment dominates the automotive
fuel rail market. The segment is anticipated to expand at a CAGR of more than
2% between 2018 and 2026.
Key players operating in the global automotive fuel rail
market include Cooper Standard, Magneti Marelli S.p.A., Roberts Bosch GmbH, Nikki Co.,
Ltd., Keihin Corporation, Landi Renzo S.p.A., Linamar Corporation, Standard
Motor Products, Inc., Continental AG, ASINI SEIKI Co., Ltd., Sanoh Industrial
Co., Ltd., and TI Automotive. The global automotive fuel rail market
witnessed significant merger and acquisition activity that was focused on
developing advanced fuel rails.
The global fuel rail
market for automotive is segmented as follows:
- Global Automotive Fuel Rail Market, by
Fuel Type
- Gasoline
- Diesel
- Alternative
Fuel
- Global Fuel Rail Market for
Automotive, by Engine Type
- Inline
Engine
- V-engine
- Global Fuel Rail Market for
Automotive, by Material
- Steel
- Aluminum
- Others
- Global Fuel Rail Market for
Automotive, by Electric Vehicle Type
- Hybrid
Electric Vehicles
- Plug-in
Hybrid Electric Vehicles
- Global Fuel Rail Market for
automotive, by Sales Channel
- OEM
- Aftermarket
- Global Fuel Rail Market for
Automotive, by Vehicle
- Passenger
Vehicle
- Commercial
Vehicle
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