LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global automotive fuel rail assembly market to grow at a CAGR of close to 2% during the forecast period, according to their latest market research report.
The development of plastic fuel rails is one of the major trends being witnessed in the global automotive fuel rail assembly market 2019-2023. Vehicle manufacturers are producing vehicle models with reduced weight to reduce emissions and achieve higher fuel efficiency. Several steel and metal-based components are being manufactured with composite plastics to reduce weight. In addition, companies are developing and experimenting with fuel rails made from plastic compounds. The use of plastic fuel rails will reduce the emission of greenhouse gases during the production process. Further, the use of composite plastics is likely to significantly reduce the cost of automotive fuel rail assembly production, which will impact the growth of the global market during the forecast period.
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According to Technavio analysts, one of the key factors contributing to the growth of the global automotive fuel rail assembly market is the rising adoption of common rail fuel delivery systems:
Global automotive fuel rail assembly market: Rising adoption of common rail fuel delivery systems
With the increase in stringency of emission regulations, the adoption and use of common rail fuel deliver modules in gasoline and diesel engines is increasing significantly. Moreover, the common rail fuel delivery module delivers a higher fuel efficiency when compared to conventional carbureted engines. Common rail fuel delivery module is used by several established companies in the automotive industry. The increased adoption of common rail fuel delivery technologies is promoting technological advancements in fuel rail assemblies used in commercial and passenger vehicles. This will propel the growth of the market during the forecast period.
According to a senior analyst at Technavio, “Apart from the rising adoption of common rail fuel delivery systems, factors such as the progressing production of internal combustion engine vehicles and the rising stringency of emissions and fuel efficiency standards are expected to fuel the growth of the global automotive fuel rail assembly market during the forecast period.”
Global automotive fuel rail assembly market: Segmentation analysis
The global automotive fuel rail assembly market research report provides market segmentation by application (gasoline engine, and diesel engine), 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 Americas region held the largest share of the market in 2018, followed by APAC and EMEA respectively. Although the APAC region held a market share less than the Americas in 2018, it is expected to register the highest incremental growth during the forecast period.
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