PORTLAND, Oregon, July 21, 2016 /PRNewswire/ --
A new report published by Allied Market Research titled, World Fuel Delivery and Injection Systems Market - Opportunities and Forecasts, 2014-2022," projects that the world fuel delivery and injection systems market would reach $86,777 million by 2022 at a CAGR of 4.26% from 2016 to 2022. By fuel type, diesel systems occupied about half of the market share, in 2015 and is expected to maintain this lead throughout the forecast period. The port fuel injection systems and the direct injection systems injection types, collectively accounted for close to two-third the world fuel delivery and injection systems market in 2015.
To know more about the report, visit the website at https://www.alliedmarketresearch.com/automotive-fuel-delivery-and-injection-systems-market
Fuel delivery and injection systems are vital parts in automobiles used for delivering fuels to the ignition chamber at a specified pressure and air-fuel ratio. The fuel delivery and injection systems are expected to witness significant growth during the forecast period. This is due to the increasing global sales of the automobiles, technological advancements in this field and increasing demand for fuel efficiency. Due to the low production cost and growing demand, the sales of these automobile systems is increasing in the developing countries such as China, India, South Korea and Taiwan in Asia-Pacific. However, the stringent environmental regulations of various governments restricting the size of these system are hampering the growth of this industry.
The passenger vehicle segment held the largest market share and acquired more than one-third of the total market in 2015. Light and heavy commercial vehicles together acquired about half of the market share in 2015.
Diesel fuel dominated the world fuel delivery and injection systems market in 2015, while alternate fuels segment is anticipated to register the highest CAGR of 4.46% from 2016 and 2022. Strict emission norms against carbon content in the exhaust gases from vehicles is projected to hamper the market of diesel fuel type and encourage the growth of alternate fuel type segment during the forecast period.
Changing demographics such as increasing population, increasing demand of personal transportation and emergence of new technologies is estimated to drive the growth of world automotive fuel delivery and injection systems market in coming years.
Key findings of the study:
- Europe holds the largest market share, registering a CAGR of 4.02% from 2016 to 2022
- Throttle body fuel injection segment is projected to grow at the fastest CAGR of 4.45% from 2016 to 2022
- Alternate fuel segment, is expected to be the fastest growing fuel type segment in the market growing with a CAGR of 4.46%
- Among the different vehicle segments, hybrid vehicle is expected to witness the highest growth during the forecast period
Asia-Pacific and North America show lucrative growth opportunities during the forecast period. Increase in the number of manufacturing facilities in the developing countries of Asia-Pacific coupled with the increasing demand in the region are key drivers for the growth of this region. The major countries contributing in the growth of Asia-Pacific are China, India, Japan and South Korea. However, low cost and the high volume of production of vehicles drives the fuel delivery and injection systems market in North America. In North America, Mexico is expected to record the highest CAGR of 4.76% during the forecast period.
The major players profiled in this market are Robert Bosch, Continental AG, Hitachi Automotive Systems, MSD Ignition, Fuel Systems, Inc., Delphi Automotive PLC, and Denso Corporation, Ltd among others with the main strategy to be followed is product differentiation and innovation.
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirm the utmost accuracy in our market forecasting. All the data presented in the reports published by us are extracted through primary interviews with top officials from leading companies of concerned domain. Our secondary data procurement methodology includes deep online and offline research and discussions with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research