The global gasoline direct injection market is majorly driven by increasing need for high fuel efficient & performance vehicles, rising adoption of automotive GDI and expanding rules and regulations for the carbon emission thus boosting the growth of the gasoline direct injection market.
Global Gasoline Direct Injection Market is expected to reach $10,771 million by 2024 from $2,800 million in 2016, growing at a CAGR of 18.3% from 2016 to 2024. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 19.3% and 18.3%, respectively, during the forecast period.
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Some of the major drivers of global gasoline direct injection market are growing need for high fuel efficient & performance vehicles, increasing adoption of automotive GDI and expanding rules & regulations for the carbon emission. Though, high cost of systems and rising demand for electric vehicles may hinder the growth of the market.Technological advancements and new GDI systems for hybrid vehicles would provide growth opportunities in the coming years.
The global gasoline direct injection market has been segmented into component vehicle type, and geography. The component segment comprises fuel injection, sensors, fuel pump, ECU and others.
Vehicle type segment includes passenger cars, light commercial vehicles and heavy commercial vehicles. In 2016, passenger cars held for the largest market share and it is also anticipated to grow at a fastest CAGR over forecast period 2016-2024.
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North America, Europe, Asia-Pacific and RoW are the geographical segment of the market. North America held for the largest market share followed by Asia-Pacific in 2016.
In terms of growth, Asia-Pacific is expected to grow at a fastest CAGR from 2016 to 2024. The growth is attributed to growing disposable income, increasing concern for environment and significant growth in the automobile sector.
The key market players operating in global gasoline direct injection market are Delphi Automotive LLP., Robert Bosch GmbH, Infineon Technologies AG, Hitachi Automotive Systems, Ltd., Bajaj Auto Ltd., Eaton Corporation, Mitsubishi Electric Corp., MSR-Jebsen Technologies, Continental AG and Keihin Corporation, among others.
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Scope of Gasoline Direct Injection Market
- Fuel Injection
- Fuel Pump
Vehicle Type Segments
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- North America
- South America
- Middle East
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