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Demand For Fuel Efficiency Accelerates The Fuel Injection Market

One has witnessed the evolution of automobile industry over the time and the changes in the last 50 years have been revolutionary. Some of the aspects which brought about the changes are- varying consumer preferences, growing focus on environment conservation and stringent government regulations. As for fuel injection system, it plays a vital role in the functioning of a vehicle, monitoring the flow of fuel through the engine, as it optimizes the flow of fuel through the engine and the fuel-air ratio. Thus, it increases the fuel and engine efficiency and reduces emissions. There has been radical transformation in the fuel delivery system due to technological development, from early carburettors to fuel injection systems. The late 19th Century saw the advent of the fuel injection systems. It offered increased engine efficiency, substantial reduction in emissions and enhanced performance.

The automotive fuel injection systems market depends on factors like increasing demand of fuel efficient vehicles and stringent government regulations on vehicle’s fuel economy and emission. The market is estimated to reach $58.42 billion by 2022. However, increasing demand for battery electric vehicles and fluctuation in the price of raw materials are some of the factors which are hampering the overall growth of the market. Not withstanding the challenges, the advancement of automotive industry in emerging economies such as China and India and increased product opportunities for natural gas vehicles (NGV) will influence this industry positively during 2016-2022.

The widespread application of fuel injection system in passenger cars accounted for a major share of the revenue. Large production volume of passenger cars and stringent government regulation are factors contributing to the advancement of the passenger car fuel injection systems market. During the forecast period, direct fuel injection systems are expected to grow at a faster rate in comparison to port fuel injection system (also known as multi-point fuel injection).

Fuel injectors generated maximum revenue in 2015 and is expected to grow with a market share of 35.8% by 2022. Gasoline is the dominant transport fuel owing to factors such as low priced engine, higher availability of stations, and low emissions in comparison to diesel. During the forecast period, alternative fuel injection systems is expected to grow faster than gasoline and diesel. Escalating demand for NGVs, non-pollutant fuel and strong emission norms are the driving forces in fuelling the demand for alternative fuel injection systems.

Asia-Pacific (APAC) region generated the maximum revenue in 2015 and is expected to grow faster than any other region during the forecast period. Factors such as the flourishing automotive industry, rising discretionary income, and increasing manufacturing facilities are responsible for the market growth in APAC. In addition, increasing adoption of gasoline direct fuel injection technology and growing concerns about fuel efficiency, are contributing to the market growth in the APAC region.

Some of the key players in this industry are Continental AG (Germany), Delphi Automotive PLC (U.K), Denso Corporation (Japan), Hitachi Ltd (Japan), Robert Bosch GmbH (Germany), Magneti Marelli S.p.A (Italy), and Keihin Corporation (Japan). These companies are actively aiming for an increased number of product launches and collaborations to expand their operations and prevent new companies from becoming future competitors.

BIS Research has done an extensive report on the future of ‘Global Automotive Fuel Injections Market’. The report provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, restraints and opportunities prevailing in the industry. For further queries, please write to us at sales@bisresearch.com or call us at : +1 650 228 0182

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