Future Market Insights
Automotive Fuel Accumulator Market: Introduction
Automotive fuel accumulator also known as fuel dampers in some economies, is one of the essential components in the automotive fuel line of a vehicle. It helps in maintaining the residual pressure within the fuel line whenever the engine is switched off. This maintenance of pressure aids in restarting the engine efficiently without generating much heat, reduces noise generation in fuel line thereby ensuring smooth flow of the fuel to the engine cylinders. Automotive fuel accumulators are different from fuel pressure regulators as the former only helps in maintaining the fuel pressure in switch off condition while the latter functions as a device to regulate the fuel flow in correct proportions to the engine during running condition. Automotive fuel accumulators are located immediately after the fuel pressure regulators before the fuel filter within the fuel line. With the vehicle manufacturers moving towards achieving the highest level of fuel efficiency and reliability in their portfolio, automotive fuel accumulators play an important role within this context to achieve such targets. This makes automotive fuel regulators as a regular fixture in the vehicle, ensuring a healthy market growth in the upcoming years.
Automotive Fuel Accumulator Market Dynamics
The automotive industry is dynamic industry that has witnessed a series of ups and downs in the past decade, but has stabilized to a healthy growth of around 1 to 2% in the recent years and is likely to grow with a similar trend in the future. This factor alone has a major influence on the automotive fuel accumulator market as its growth is dependent on the performance of the automotive industry. Pressure from the Governments of various economies and environmental watchers on the automobile manufacturer’s leads to higher implementation rate of automotive fuel accumulators in the vehicles, thereby aiding in the growth of the said market on a longer run. The low cost of automotive fuel accumulators coupled with easy installation may also aid the growth of the market from the perspective of aftermarket sales channel segment.
Conversely, it can be said that the market for automotive fuel accumulators may decline post the forecast period as the sales of battery powered vehicles may increase exponentially resulting in lesser demand for fossil fuel run vehicles. Though this restraint may not have much of an impact on the said market in the immediate years, it may have greater ramifications in later years when the fossil fuel reserves decreases considerably.
Manufacturers of automotive fuel accumulators are far and few, falling under the bracket of low revenue earners except Robert Bosch Gmbh, which incidentally also holds the highest market share of the product.
Automotive Fuel Accumulator Market: Segmentation
Automotive Fuel Accumulator Market can be segmented as follows;
By Sales Channel, the market can be segmented as:
By Vehicle type, the market can be segmented as:
Automotive Fuel Accumulator Market: Regional Outlook
The global automotive industry has enjoyed a steady growth from the past couple of years thereby having a direct influence on the automotive fuel accumulator market. The production of vehicles in the Asia Pacific region especially in China, Japan, South Korea and India has been growing steadily owing to improved demand from the consumers contributing to the growth of the market in the region. Similar trends can also be observed in the European and the North American region as well, wherein high disposable income of the working class population of the region has led to high demand for automobiles. On the opposite note, a downturn in the Latin American automotive industry may hamper the growth of the market on a short term note but is anticipated to pick up steam in the forthcoming years.
Automotive Fuel Accumulator Market: Market Participants
The majority of automotive fuel accumulators available in the market are produced by Robert Bosch GmbH while other manufacturers produce the product on a small scale catering to local markets within its vicinity. The vendors associated with the distribution of automotive fuel accumulators are plenty in number contributing to easy availability of the product to the end users.
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