Market Share of Automotive Fuel Delivery System Industry
The automotive fuel delivery system market is majorly dominated by Robert Bosch, Continental AG, Denso Corporation, Magna International, Keihin Corporation, and Magneti Marelli SPA, among others. The companies are expanding their businesses by forming joint ventures. The market is also witnessing the entry of new players.
- In March 2022, the joint venture formed between Cummins Inc. and Rush Enterprises was renamed Cummins Clean Fuel Technologies (CCFT). The change is a result of acquiring 50% of Momentum Fuel Technologies (until now wholly owned by Rush Enterprises) by Cummins itself, which was announced in June 2021 and completed earlier in 2022. The joint venture will build on Momentum Fuel Technologies' compressed natural gas (CNG) fuel delivery systems and Cummins' experience in natural gas engines to develop an integrated natural gas system.
- In June 2021, Pricol announced that it is developing a new range of fuel pump modules for Bajaj and a few other customers. This vertical has a significant amount of import dependence from China, and the company is actively working over the next 12 months. It will be able to localize a lot of the key import parts, thereby recusing our FOREX outflow.
Automotive Fuel Delivery System Market Leaders
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Continental AG
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Delphi Technologies
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DENSO Corporation
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Robert Bosch GmbH
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Magna International Inc.
*Disclaimer: Major Players sorted in no particular order
