The Automotive Fuel Injector Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Fuel Injector Global Market Report 2024, The automotive fuel injector market size has grown strongly in recent years. It will grow from $65.88 billion in 2023 to $71.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to fuel efficiency regulations, demand for performance, emissions reduction requirements, shift from carburetors to injectors, improvement in engine design.
The automotive fuel injector market size is expected to see strong growth in the next few years. It will grow to $96.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to emission norms and regulations, hybrid and electric vehicle integration, demand for lightweight components, rise in vehicle production, advanced engine designs. Major trends in the forecast period include technological advancements in fuel injection, enhanced efficiency and precision, direct injection dominance, multi-hole injector designs, compact and lightweight injectors.
The increasing demand for passenger vehicles is expected to boost the growth of the automotive fuel injector market going forward. A passenger vehicle is a road motor vehicle designed to accommodate no more than nine people (including the driver) and is used for passenger transportation. A fuel injector pumps fuel into the engine properly to ensure that a passenger vehicle operates as efficiently as possible. For instance, in February 2023, according to a report published by the European Automobile Manufacturers’ Association (ACEA), a Belgium-based standards group of the automobile industry in the European Union, over 68 million passenger automobiles were produced globally in 2022, up 7.9% from the previous year. Further, in 2022, North American auto production increased by 10.3% to 10.4 million units. Therefore, the increasing demand for passenger vehicles is driving the growth of the automotive fuel injector market.
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The automotive fuel injector market covered in this report is segmented –
1) By Type: Throttle Body Injection, Multipoint Fuel Injection, Other Types
2) By Fuel: Diesel Fuel Injectors, Gasoline Fuel Injectors
3) By Pressure Range: High Pressure Injectors, Low Pressure Injectors
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Product innovation is the key trend gaining popularity in the automotive fuel injector market. Major companies operating in the automotive fuel injector market are focusing on developing new products to sustain their position in the market. For instance, in December 2021, Stanadyne, a US-based manufacturer of fuel pumps and fuel injectors, launched a fuel injector for gasoline direct injection (GDI) that produces 1,000 bars of pressure. The new injector, which represents innovative technology for the industry, has already surpassed its benchmark performance goals by 20% after achieving 1,200 bar of fuel pressure in preliminary testing. This new generation of gasoline high-pressure direct injection is adaptable to fuel systems from 350 to 1,000 bar and integrates with existing engine architecture. This new gasoline high-pressure direct injection technology combines with existing engine architecture and can handle fuel systems with 350 to 1,000 bar pressures.
The automotive fuel injector market report table of contents includes:
1. Executive Summary
2.Automotive Fuel Injector Market Characteristics
3.Automotive Fuel Injector Market Trends And Strategies
4.Automotive Fuel Injector Impact Of COVID-19
5.Automotive Fuel Injector Market Size And Growth
6.Automotive Fuel Injector Segmentation
7.Automotive Fuel Injector Regional And Country Analysis
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27.Automotive Fuel Injector Competitive Landscape And Company Profiles
28. Automotive Fuel Injector Key Mergers And Acquisitions
29. Automotive Fuel Injector Future Outlook and Potential Analysis
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