Automotive Fuel Rail Market: Key Development Opportunities Hidden In Emerging Economies 2018 - 2026

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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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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.
There are different types of engines that are tested for an automobile. Among all, inline engines are highly popular, and they hold a major share of the automotive market. Most vehicle manufacturers prefer an inline engine owing to its simplicity and cost-effectiveness. Therefore, the inline engine segment of the automotive fuel rail market accounted for 88% share of total market, in terms of revenue, generated in 2017. The segment is anticipated to expand at a CAGR of more than 2% during the forecast period.

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