Overview and Scope
A fuel injection system refers to a mechatronic circuit consisting of mechanical and electronic circuits that are used to inject fuel into the engine cylinders while accurately adjusting injection time, fuel atomization, and other characteristics.
Sizing and Forecast
The fuel injection systems market size has grown rapidly in recent years. It will grow from $81.52 billion in 2023 to $91.7 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to stringent emission standards, fuel efficiency demands, market competition and innovation, consumer demand for performance, rise of electronic control units (ECUs).
The fuel injection systems market size is expected to see rapid growth in the next few years. It will grow to $139.28 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to global transition to electric vehicles, continued stringency in emission regulations, hybrid and plug-in hybrid vehicle growth, integration with vehicle connectivity and autonomy, R&D investments in advanced materials and design. Major trends in the forecast period include technological advancements in automotive sector, rising demand for fuel efficiency, shift towards direct injection technology, adoption of gasoline direct injection (GDI), advancements in material and manufacturing technologies.
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Segmentation & Regional Insights
The fuel injection systems market covered in this report is segmented –
1) By Components: Electronic Control Unit, Fuel Injectors, Pressure Regulators, Sensors, Fuel Pumps
2) By Vehicle Type: Two-Wheelers, Passenger Vehicle, Heavy Vehicles, Other Vehicle Types
3) By Engine Type: Gasoline, Petrol Engine, Diesel Engines, Other Engine Types
4) By Technology: Direct, Multi-Point
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the fuel injection systems market in 2023. The regions covered in the fuel injection systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing vehicle production is expected to propel the growth of the fuel injection systems market going forward. A vehicle refers to any mode of transportation or conveyance in which someone travels or something is carried or conveyed. Fuel injectors are used to inject fuel into the engine cylinders while accurately adjusting injection time and fuel atomization and driving it directly into the combustion chamber at the precise period. For instance, in April 2022, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group for the automobile industry, around the world, 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020. Therefore, the increase in vehicle production is driving the growth of the fuel injection systems market.
Key Industry Players
Major companies operating in the fuel injection systems market report are Robert Bosch GmbH, Siemens AG, Denso Corporation, Continental AG, Cummins Inc., Eaton Corporation plc, BorgWarner Inc., Infineon Technologies AG, Maruti Suzuki India Limited, Hitachi Automotive Systems Ltd., Autoliv Inc., Tata AutoComp Systems Limited, TI Fluid Systems plc , Woodward Inc., Weifu High-Technology Group Co. Ltd., Mikuni Corporation, Delphi Technologies PLC, Napino Auto & Electronics Limited, Holley Performance Products Inc., Walbro LLC, NGK Spark Plug Co. Ltd., Keihin Corporation , Winterthur Gas & Diesel Ltd, Stanadyne LLC, dynaCERT Inc., Magneti Marelli S.p.A., Carter Fuel Systems LLC, Edelbrock LLC, Ucal Fuel Systems Limited, Rochester Gauges International LLC, ASNU Corporation Europe Ltd.
The fuel injection systems market report table of contents includes:
1. Executive Summary
2. Fuel Injection Systems Market Characteristics
3. Fuel Injection Systems Market Trends And Strategies
4. Fuel Injection Systems Market – Macro Economic Scenario
5. Global Fuel Injection Systems Market Size and Growth
………..
32. Global Fuel Injection Systems Market Competitive Benchmarking
33. Global Fuel Injection Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fuel Injection Systems Market
35. Fuel Injection Systems Market Future Outlook and Potential Analysis
36. Appendix
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