Injector Nozzle Market Worth 5.33 Billion USD by 2020
PUNE, India, February 15, 2016 /PRNewswire/ --
According to a new market research report "Injector Nozzle Market by Vehicle Type (Passenger Cars, LCVS, HCVS), Technology (Gasoline Port Fuel Injection, Diesel Direct Injection, Gasoline Direct Injection), by Fuel Type (Diesel, Gasoline), and Geography - Global Forecast to 2020", published by MarketsandMarkets, the global market is projected to grow from USD 3.95 Billion in 2015 to USD 5.33 Billion by 2020, at a CAGR of 6.2% from 2015 to 2020.
Browse 59 market data Tables and 22 Figures spread through 67 Pages and in-depth TOC on "Injector Nozzle Market"
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Factors such as stringent emission norms, necessity of fuel-efficient vehicles, and the growing demand for passenger cars are driving the growth of the global injector nozzle market.
Passenger Cars: Leading vehicle type segment in the injector nozzle market
According to the OICA publication, 89.7 Million vehicles were manufactured in 2014, globally. The passenger cars segment is the largest vehicle type segment with 75.3% share in the total vehicle production, in 2014. This growth in the passenger cars segment is mainly attributed to the increase in disposable income owing to industrialization, easy availability of finances, and changing buyer preferences towards self-owned luxury transport, among others. The passenger cars segment is projected to grow at a high CAGR over the next five years. On the other hand, industrialization & construction activities and increase in mining & other industrial activities have influenced the demand for commercial vehicles. Countries in the Asia-Oceania region, especially China and India are projected to witness a substantial growth in the commercial vehicles segment. All these factors have equally contributed to the growth of the injector nozzle market.
Asia-Oceania: Leading region in the injector nozzle market
Asia-Oceania is the leading region in the injector nozzle market, owing to growth in the manufacturing sector in this region. In addition to this, low production cost in the Asia-Oceania region as compared to western countries, easy availability of economic labor, and lenient emission & safety regulations are also propelling the growth of the injector nozzle market. Almost every OEM has its presence in Asian countries owing to the aforementioned reasons. On the other hand, the North American region is projected to become the next promising region in the injector nozzle market, due to growth in the automotive industry. According to the OICA publication, the total vehicle production in the U.S. increased by 5.4% in 2014 as compared to 2013, whereas this growth was reported close to 10% in the Mexican region.
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Major players operating in the global injector nozzle market include Continental AG (Germany), Denso Corporation (U.S.), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), Keihin Corporation (Japan), and Magneti Marelli S.p.A (Italy), among others.
The report covers the global Injector Nozzle Market, in terms of volume and value. It explains the qualitative and quantitative aspects of the injector nozzle market on the basis of region, vehicle type, fuel type, and technology from 2015 to 2020. It also provides a brief overview about the market dynamics (drivers, restraints, and opportunities) and recent developments.
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