Growing Demand for Fuel-efficient Passenger Vehicles Accelerate Automobile Carburetor Market Growth
The trend of engine downsizing to improve fuel efficiency and overall vehicle performance has been driving the transformation of the entire automotive industry. Global car sales increased to around 66.7 million vehicles in 2021, up from around 63.8 million units in 2020. Faster growth of automotive industry is compelling the manufacturing companies for fresh and renewed investments in vehicle carburetors, as well as the development of lightweight, and high-efficiency carburetors. The key factors that will continue to influence automobile carburetor market include government policies with respect to emission, and automotive norms. High emission levels from gasoline engines have resulted in stringent government regulations around the world that discourage the use of traditional carburetors in favour of more fuel-efficient alternatives such as diaphragm and float feed carburetors.
Moreover, growing demand for lightweight vehicles has necessitated the development of more efficient engines, which in turn is expected to drive the growth of automobile carburetor market during the forecast period. Pollution concerns are growing, as are strict regulations aimed at reducing greenhouse gas emissions, such as the European Union's CO2 emissions target. In 2015, the target for passenger cars was 130 grammes pkm. This is reinforced by a revised CO2 emission limit of 95 grammes per kilometre for passenger vehicles beginning in 2020. To reduce fuel consumption, it is expected that demand for lightweight vehicles will rise, thereby complementing the growth of automobile carburetor market.
Increasing Demand for Advanced Braking System to Drive Float-Feed Category
The float-feed carburetor segment is expected to dominate the global automobile carburetor market over the forecast period. The carburetor's fuel inlet is a complex mechanism. A float feed chamber, a miniature fuel tank, is connected to the fuel pipe. When the chamber delivers oil to the carburetor, the oil level drops, and the float follows suit. When the float falls below a certain level, a valve opens to allow fuel to enter the combustion chamber, allowing fuel to be refilled from the main gas tank. When the cabin is full, the float is raised, the valve is closed, and the fuel supply is again shut off. Increasing demand for advanced braking systems, as well as increased adoption of electronic systems, are expected to drive the float-feed segment in global automobile carburetor market.
Rising Private Equity Investments in Automotive Carburetor Manufacturing Companies to Fuel Market Growth
Asia Pacific dominates the global automotive carburetor market and is expected to continue its dominance throughout the forecast period. Increasing urbanisation, high demographic growth, improvement in living standards, and rise in people's income levels are the major factors driving high vehicle sales, and production in this region. The global automotive carburetor market in this region is being driven by growth in the automotive sector and rising private equity investments in automotive carburetor manufacturing.
Rapid urbanisation in developing economies like India and China is likely to accelerate market expansion. Clean diaphragm and float feed carburetors will be adopted at a higher rate in developed markets like India as environmental consciousness grows in tandem with strict emission regulations. The market is also gaining traction because of several partnerships and collaborations amongst big players. For instance, Zhanjiang Deni is a leading Chinese maker of automobile parts such as carburetors, with plans to open in 2022. The project is expected to create 300 employees and generate 370 million yuan in annual revenue.
North America has the second largest market share in the world, owing to rising demand for fuel-efficient vehicles, and the growing popularity of lightweight vehicles. Furthermore, because of their market share and carburetor technology status, US stands out in the global automobile carburetor industry. With the presence of numerous notable automobile manufacturers in these regions, these regions lead the overall automotive industry. Because of stricter exhaust emission regulations, government policy, and the urgency of new technology, such as electronic fuel injection systems (FI Systems), the automobile carburetor industry is a sunset industry for the motorcycle, and powersports industries. The California Air Resources Board approved a $1.5 billion investment plan to increase access to clean vehicles and clean mobility options through a variety of projects that support the zero-emission transformation of the state's vehicle and equipment fleet.
Global Automobile Carburetor Market: Competitive Landscape
Companies in the market are introducing new products alongside initiation collaborations, alliances, and partnership agreements. For instance, in July 2019, Hyundai Motor Group introduced the world's first Continuous Variable Valve Duration (CVVD) engine, the Smartstream G1.6 T-GDi, which improves fuel efficiency by 5%, reduces emissions by 12%, and boosts performance by 4%.
A few of the players in the automobile carburetor market include Weber carburetor, Rochester Products Division, Holley, Walbro, Mikuni American Corporation, Amal, Keihin Group, Villiers Engineering, DELL'ORTO, Zama, Solex, United Remanufacturing Co., and Edelbrock LLC.
Global Automobile Carburetor Market is Segmented as Below:
Key Elements Included In The Study: Global Automobile Carburetor Market
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