Global Automotive Fuel Injection Market Size, Share, Forecast Report, 2020-2027
The automotive fuel injection typically refers to the fuel introduction to an internal combustion engine. This process is typically done with the fuel injector. The fuel injection system is typically used for consistent and smoother throttle response and better fuel efficiency. The use of fuel injection systems typically replaces the need for the use of the mechanical choke. The ever increasing global automotive production is driving the need for automotive fuel injection systems. Also, stringent environmental laws on automobile emissions and the rising demand for fuel efficiency is driving the market. The global automotive fuel injection market is estimated to reach around USD 78 billion by 2025, growing at ~6% CAGR during the forecast period.
The shift towards electric vehicles, short lifespan of injectors compared to the carburetor, volatile raw material prices, and fluctuation in crude oil prices are restraining the growth of global market for automotive fuel injection. However, rapid expansion of automotive industry in developing regions and growing demand for autonomous vehicles are providing growth opportunities.
Segmentation: Automotive Fuel Injection Market
The global automotive fuel injection market is segmented based on component type, fuel type, technology, sales channel, vehicle type, and region. Based on component type, the global market has been segmented into electronic control unit (ECU), fuel injectors, pressure regulators, fuel pumps, and sensors. Based on technology, the global market has been segmented into gasoline and diesel injection. Based on fuel type, the global market has been divided into gasoline and diesel. Based on sales channel, the global market has been bifurcated into OEM and aftermarket. Based on vehicle type, the global market has been divided into passenger car and commercial vehicle.
Geographically, the global automotive fuel injection market, has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to grow at a rapid pace during the forecasted period due growing disposable income and increasing buying power especially in countries such as China and India are driving the market for the fuel injection. North America is projected to witness substantial growth over the forecast period due to growing the demand for automotive fuel injectors for off-road applications. In Europe the market is growing due to stringent vehicle emission norms and huge after sales demand. Additionally, automotive fuel injections market has gained significance in recent times with manufacturers opting for the technology to meet the stringent vehicle emission laws in Europe.
The prominent players operating in the global automotive fuel injection market are Robert Bosch GmbH (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan), Hitachi Limited (Japan), Carter Fuel System (US), Edelbrock, LLC (US), NGK Spark Plug Co., Ltd. (Japan), Magneti Marelli (Italy), Infineon Technologies AG (Germany), and Keihin Corporation (Japan).
The report for the global automotive fuel injection market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.