LONDON, April 10, 2017 /PRNewswire/ -- Global automotive fuel injection market to grow at a CAGR of 5.2% from 2016 to 2022
The overall demand for automotive fuel injection systems is constantly at a growth phase, owing to factors such as increasing demand for efficient vehicles and stringent norms on vehicle's emissions. Moreover, increased market penetration of gasoline direct injection systems is a major factor responsible for enhancing the global growth of the market. The market in terms of volume is estimated to witness a growth at a CAGR of 5.2% over the period of 2016 to 2022. The report is a compilation of various segmentations including market breakdown by component type, vehicle type, technology type, fuel type, and different geographical regions.
Download the full report: https://www.reportbuyer.com/product/4717462/
The report provides a detailed market analysis and forecast with respect to its various components such as fuel injectors, fuel pressure regulators, fuel pumps, Engine Control Unit (ECU), and sensors. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different vehicles that are analyzed, which include passenger cars, light commercial vehicles, and heavy commercial vehicles. On the basis of technology, the market is segmented into port fuel injection systems and direct fuel injection systems. The report also incorporates market segmentation by fuel type- gasoline, diesel, and alternative fuel . The report examines the role of the leading market players involved in the industry.
The report addresses the following key questions about the global automotive fuel injection systems market:
- What is the global automotive fuel injection systems size in terms of value and volume from 2015-2022?
- What is the dominant component and vehicle type by value in the automotive fuel injection systems market ?
- What is the revenue generated and volume shipped by the different fuel injection technologies in the automotive fuel injection systems market from 2015-2022?
- What is the dominant fuel injection systems market by fuel type in terms of value ?
- What are the different factors driving the market forward in the forecast period?
- What are the major factors challenging the growth of global automotive fuel injection systems market?
- What type of new strategies are being adopted by existing market players to make a mark in the industry?
- Which region will lead the global automotive fuel injection systems market by the end of the forecast period?
The company profiles section includes highlights of significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years (2014-2016). Some of the key players 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).
Asia-Pacific generated the maximum revenue in the year 2015 and is also expected to grow at the fastest rate in the forecast period. The global automotive fuel injection systems market is expected to reach $58.42 billion in total market value during the end of the forecast period.
Changing consumer preferences, growing focus on environmental concerns, increased safety, and stringent government regulations are some of the factors which have resulted in evolution of automobile industry. The fuel injection system plays a critical role in the functioning of a vehicle as it monitors the flow of fuel through the engine. Fuel injection system optimizes the fuel/air ratio, and thus, increases the fuel and engine efficiency and reduces emissions. Rapid technological developments in the fuel delivery system have led to a radical transformation, from early carburetors to fuel injection systems. The late 19th century marked the advent of direct injection systems that offers better efficiency, substantial reductions in emissions, and increased performance. Advancements in the fuel injection system's technology are essential to maintain fuel economy and control emissions along with fulfilling the rising demands of the market.
The automotive fuel injection systems market is estimated to reach $58.42 billion by 2022. The market is driven by factors such as increasing demand for fuel efficient vehicles and stringent government regulations on vehicle's fuel economy and emission. Increasing demand for battery electric vehicles and fluctuations in the price of raw materials are some of the factors which are hampering the overall market growth. However, increased product opportunities for natural gas vehicles (NGV) and the growth of automotive industry in emerging economies such as India and China are some of the factors which will positively influence this industry in the forecast period.
Port fuel injection, also known as multi-point fuel injection is a common indirect fuel injection system used in gasoline engine vehicles which dominated the market by value and volume in 2015. Port fuel injection system are cheaper as the injectors are less exposed to the high pressure and heat of the combustion chamber. Owing to its low prices, this technology is quite prevalent in passenger cars of developing countries such as China, India, and Brazil. However, this system is increasingly being replaced due to its low power and fuel economy by gasoline direct injection system. During the forecast period, direct fuel injection systems are expected to grow at a faster rate in comparison to port fuel injection systems.
The widespread application of fuel injection systems in passenger cars accounted for a major share of revenue. Large production volume of passenger cars, stringent government regulations regarding car's fuel economy and emission, and growth of emerging economies such as China and India are major factors contributing to the advancement of the passenger car fuel injection systems market.
Fuel injectors generated maximum revenue in 2015 and is expected to continue its dominance with a market share of 35.8% by 2022. Factors such as increasing demand for fuel efficient vehicles, stringent emission regulations, and rise in automobile production volume are responsible for dominant share of automotive fuel injectors.
Gasoline fuel injection systems accounted for the highest share by value and volume in 2015. 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 market is expected to grow at a faster rate in comparison to gasoline and diesel. Factors such as rise in demand for NGV's, non-pollutant fuel, and stringent emission norms are fuelling the demand for alternative fuel injection systems market.
Asia-Pacific (APAC) was the maximum revenue generating region in 2015 and is also expected to grow at a faster rate in the forecast period in comparison to other regions. Factors such as the growing automotive industry, rising disposable income, and increasing manufacturing facilities are some of the factors contributing to the market growth in the APAC region. Moreover, increasing adoption of gasoline fuel injection technology and growing concerns about fuel efficiency are propelling the market growth in APAC.
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.
Download the full report: https://www.reportbuyer.com/product/4717462/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-automotive-fuel-injection-systems-market-a-analysis-and-forecast-2016-2022-focus-on-direct-fuel-injection-systems-fuel-injectors-engine-control-unit-sensors-gasoline-fuel-injection-systems-and-passenger-cars-appli-300437449.html