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 2016 - 2022. The increasing need for fuel efficient vehicles and stringent emission control norms are expected to drive the demand for automotive fuel injection system over the forecast period
. Serious issues related to environmental pollution has cropped up mainly because of industrial emission and automotive emission; mainly carbon monoxide and sulfur dioxide emitted by vehicles. Extraction and use of conventional fuels such as petroleum products is increasing.
Hence, there is an increasing demand for vehicles with better fuel efficiency and lower emission.
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In many countries, governments have imposed stringent emission control norms to reduce the greenhouse gases emission from the vehicles.
According to the Corporate Average Fuel Economy regulations, all vehicles plying in the U.S. need to have average fuel efficiency of 54.5 miles per gallon by 2025.
As per the European government CO2 emission regulation, the total CO2 emission from new passenger cars should be decreased from 130 gram (g) per kilometer (Km) travel in 2013 to 95g per Km travel by 2020. The key opportunity witnessed in the global automotive fuel injection system market includes growing two-wheeler market for fuel injection system and product development opportunities in natural gas vehicles.Top of Form Among the various components of automotive fuel injection system, the engine control unit (ECU) held the largest share in the global automotive fuel injection system market in 2015 in terms of value and is expected to grow at a CAGR of 8.1% during 2016 – 2022.
The consumption of automotive fuel injection system was the largest in passenger car segment in 2015, compared to other vehicle types. Based on fuel type, the market of automotive fuel injection system in diesel vehicles has been larger than gasoline vehicles in terms of volume.
Whereas in terms of value, the market of automotive fuel injection system in gasoline vehicles has been larger than diesel vehicles. Globally, diesel direct injection was the largest segment, based on technology, of automotive fuel injection system in 2015.
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. Asia-Pacific is expected to be the fastest growing region in the global automotive fuel injection system market, registering a CAGR of 8.4% during 2016 – 2022.
The major reason for the growth of the market in the region includes 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.
The increasing production in the region is complimented by intensifying demand for passenger cars and LCVs in the region. The improving economy and standard of living in countries such as China and India have resulted in increased sales volume of automotive.
The high automotive production volume in Asia-Pacific has made it an attractive fuel injection system market. Europe was the second largest market for automotive fuel injection systems in 2015 in terms of value.
Developed countries such as Germany, the U.K., France, Spain and Italy constitute a major share of the European automotive industry, which is dominated by established OEMs such as BMW AG, Daimler AG, Fiat and PSA/Peugeot-Citroen, Volkswagen Group, and others. The information and data in the publication represents the research and analysis of data from various primary and secondary sources.
Bottom-up and top down approach has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report.
The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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.
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