DUBLIN, Mar 17, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automotive Fuel Injection System Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global automotive fuel injection system market was valued at $59,588.3 million in 2015, and it is expected to grow at a CAGR of 7.9% during the forecast period.
Asia-Pacific has been the largest market for automotive fuel injection system market, accounting 48.7% of the global market in terms of value in 2015.
The major reason behind the growth of the market in the Asia-Pacific is the increased vehicle production and strict emission norms. The production volume for passenger car and light commercial vehicles (LCV) in Asia-Pacific accounted for more than 50% of the global production.
In 2015, Europe was the second largest market for automotive fuel injection systems in terms of value. Improving economic conditions, coupled with the increasing emission standards, is expected to boost the fuel injection system market in Europe.
North America is expected to be the third largest automotive fuel injection system market during the forecast period, owing to its increasing customer base and high disposable income of people in the region. This has resulted in increased manufacturing activities by local automotive OEMs in the region, and supporting the growth of the automotive fuel injection system market.
Some of the major players operating in the global automotive fuel injection system market include Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive PLC, Hitachi, Ltd., Magna International Inc., Mikuni Corporation, Johnson Electric, and SHW AG.
Opportunities In The Global Automotive Fuel Injection System Market
- Increasing Two-Wheeler Market For Fuel Injection System
- Product Development Opportunities In Natural Gas Vehicles
Factor Driving Growth Of The Market And Its Impact On Market Forecast
- Increasing Need For Fuel Efficient Vehicles
- Stringent Emission Control Norms
- Impact Analysis Of Drivers On Market Forecast
Factor Hindering Growth Of The Market And Its Impact On Market Forecast
- Complexity Associated With Technical Designing
- Volatile Prices Of Raw Materials
- Impact Analysis Of Restraints On Market Forecast
Key Company Profiles
- Continental Ag
- Robert Bosch Gmbh
- Denso Corporation
- Delphi Automotive Plc
- Hitachi, Ltd.
- Magna International Inc.
- Mikuni Corporation
- Johnson Electric
- Shw Ag
For more information about this report visit http://www.researchandmarkets.com/research/tpqdkq/global_automotive
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SOURCE Research and Markets