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.
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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.
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.
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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.
North America has a significant number of commercial vehicles. A large mining industry coupled with consistently expanding construction and agriculture industries are fueling the demand for commercial vehicles across North America. Asia Pacific is largest region, globally, and accounts for more than 50% of world’s population. Therefore, the region comprises a considerable number of vehicles. In terms of revenue, Asia Pacific accounts for a prominent share of the global automotive fuel rail market. The market in the region is projected to expand at a CAGR of 3.06% during the forecast period.
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.
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