Automotive Fuel Rail Market is willing to reach USD xx million by 2022
Automotive Fuel Rail Market Size and Growth Rate:
Automotive Fuel Rail Market is projected to reach USD xx billion by 2022 and expected to grow at a CAGR of xx% during the forecast period 2017 to 2022.
The demand for a more efficient fuel system is constantly increasing to meet the strict emission standards and improve fuel efficiency. The common rail fuel injection system has proven to be a leading system to improve the fuel efficiency of the engines. Most advanced engines are equipped with a common rail fuel injection system because the fuel pressure can be maintained regardless of engine speed and load. This results in smooth engine operation and greater engine efficiency.
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Automotive Fuel Rail Market Growth Drivers and Restraints:
The constant increase in the demand for vehicles is one of the main drivers of the automotive fuel rail market. Vehicle demand is constantly increasing, especially in rapidly developing countries such as India, China and other Asian countries. The increase in vehicle demand is fueling the global market. The demand for electric vehicles, such as hybrid electric vehicles and plug-in hybrid electric vehicles, has increased in recent years as a result of government subsidies, growing concerns about increased pollution, the application of new standards and strong preference of consumers for high efficiency vehicles due to the increase in fuel prices. This increased the demand for hybrid electric vehicles, which is also supporting the demand for fuel rails for motor vehicles.
Geographic Insights of Automotive Fuel Rail Market:
North America is an important market for commercial vehicles. More than 60% of the total numbers of vehicles in North America are commercial vehicles. In North America and Latin America, the demand for commercial vehicles is constant due to the large mining industry and the expansion of the construction, agriculture and manufacturing industries in these regions. China and India are pillars of the global automotive industry. These two countries are the main producers and consumers of automobiles. The density of population, the shortage of vehicles and the increase in per capita income are driving the demand for passenger vehicles in these countries. The passenger car segment dominates the global automotive fuel rail market due to the large number of passenger vehicles that pass through the countries of Europe and Asia-Pacific. The Asia-Pacific region accounts for approximately 50% of all vehicles in the world. As a result, the Asia-Pacific region dominated the world market.
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Key Players of Automotive Fuel Rail Market:
Magneti Marelli S.p.A., Cooper Standard, Nikki Co., Ltd., Roberts Bosch GmbH, Landi Renzo S.p.A., Keihin Corporation, Standard Motor Products, Inc., Linamar Corporation, ASINI SEIKI Co., Ltd., Continental AG, Sanoh Industrial Co., Ltd., and TI Automotive are the prominent players of the market.
Automotive Fuel Rail Market Key Segmentation:
By Products:
- Stainless Steel
- Aluminum Alloy
- Plastic
- Steel Forged
By Application:
- Diesel Fuel
- Gasoline
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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