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.
The report provides the estimated market size of fuel rail for 2017 and forecast for the next nine years. The global market size of fuel rail has been provided in terms of revenue and volume. Market numbers have been estimated based on fuel type, engine type, material, electric vehicle type, sales channel, vehicle, and regional segments of automotive fuel rail. Market size and forecast for each fuel type, engine type, material, electric vehicle type, sales channel, and vehicle have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organisation Internationale des Constructeurs d’Automobile (OICA), Factiva, etc.