During the 2017-2025 forecast period, the global market for Carburetors is expected to reflect a -0.19% revenue growth. In 2018, the global Carburetors market was valued at a US$ 1,110 Mn and by the end of the assessment year (2025), it is estimated to touch a value of more than US$ 1,117 Mn while growing at a value CAGR of -0.19% during the forecast period.
Global Carburetors Market: Market Drivers
The global Carburetors market is driven by the increasing motorcycle production. Carburetor is the device inside an internal combustion engine that provides the area for air and gasoline to mix them together so that the engine runs properly. If there is not enough fuel mixed with air, the engine "runs lean" and will either not run or potentially damage itself. If there is too much fuel mixed with the air, the engine "runs rich" and will either not run (it floods), run very smoky, poorly (bogs down, stalls easily) or at the very least waste fuel.
Automotive carburetor manufacturing companies receiving increasing amounts of private equity investments is a good sign for the global Carburetors market. High demand for efficient and lighter Carburetors because of the rising need for improved fuel performance and efficiency is forecast to create opportunities in the global market. The growing trend of engine downsizing could be another factor working in the favor of the global Carburetors market.
Global Carburetors Market: Key Takeaways
The key differentiation strategy is to offer better products, in order to leverage opportunity arising from the rising demand for better product performance
One of the major challenges for the Carburetors market is the declining automotive production growth rate. With the automotive market becoming more and more mature, the growth rate of automotive production is foretold to slow down
Global Carburetors Market: Forecast by Type
This segmentation includes Float-Feed Carburetor and Diaphragm Carburetor. The average selling price for Float-Feed Carburetor is relatively higher in the global Carburetors market than other segments. The Float-Feed Carburetor segment is expected to remain dominant in the global Carburetors market throughout the forecast period with a revenue share of 76% achieved in 2018. The Diaphragm Carburetor segment is expected to rank relatively high on the attractiveness index in the global Carburetors market by 2018 end and is expected to account for a relatively higher growth rate over the forecast period.
Global Carburetors Market: Forecast by Application
Applications of Carburetors include Motorcycle & Power sports, Universal Gasoline Engines, Automotive, and Others. Among these, Carburetors find stronger application in Motorcycle & Power sports, which was estimated to account for a sales share of 59% within the entire industry segment in 2017.
Global Carburetors Market: Forecast by Region
North America, Europe, China, Japan, India, Southeast Asia, and Rest of the World are the seven geographies studied in this report. Japan is the dominant market for Carburetors globally in terms of value. The Europe Carburetors market was estimated to reach a valuation of US$ 482 Mn in 2017 and is expected to expand at a value CAGR of -0.07% over the forecast period. The India market is expected to expand at a rate of 0.68% in terms of revenue over the forecast period, mainly due to the steadily increasing production of automotive vehicles in the country.
The market in Asia-Pacific is anticipated to expand at a substantial growth rate during the forecast period. The GDP of countries in Asia-Pacific is expanding at a faster growth rate. The demand for vehicles and presence of rapidly expanding economies in Southeast Asia and that of India are anticipated to drive the market in these geographies.
Global Carburetors Market: Key Players
Keihin Group, Mikuni, Zama, Walbro, Ruixing, Fuding Huayi, TK, Zhanjiang Deni, DELL'ORTO, Huayang Industrial, Fuding Youli, Bing Power, Zhejiang Ruili, and Kunfu Group are some of the the key vendors operating in this market.
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