Newark, Dec. 05, 2022 (GLOBE NEWSWIRE) -- The fuel injection systems market was estimated at around USD 75.5 billion in 2021, growing at a CAGR of nearly 10.5% during 2022-2030. The market is projected to reach approximately USD 186.5 billion by 2030.
Electronically controlled fuel injection systems are used to atomize gasoline and inject it into an internal combustion engine's cylinders or intake airstream. To regulate the fuel flow into the combustion chamber, this system uses a sophisticated array of electronic parts and sensors and fuel injection pumps. As competition increases, it is anticipated that the market for fuel injection systems will expand more. The following are some of the main factors that could have a significant effect on the market for fuel injection systems and influence the outlook: Environmental concerns are becoming more widely known as support for stronger government regulation of carbon emissions increases. And, the expanding vehicle sector, which is expected to spur market growth for fuel injection systems as a result of improved lifestyles, is another significant element.
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Growth Factors
Due to increasing environmental concerns and restrictions governing carbon emissions, the global market for fuel injection systems has seen significant growth in recent years. Fuel injection systems are anticipated to experience substantial growth due to the growing population, improved lifestyles, and corresponding demand for passenger cars. Any vehicle engine needs fuel injection systems because they control and track how much fuel is injected into the cylinders as needed. Modern fuel injection systems not only control fuel flow but also offer extra features like multiple, pilot, post injections, and rate shaping (scheduling), which is anticipated to significantly contribute to the market's growth. Fuel injection system demand is expected to be strongly influenced by a number of factors, including dependability, the capacity to use alternative fuels, improved output, and increased efficiency. Gasoline injected engines are also considerably simpler to start up because they don't need a choke, and they also save money on fuel, which could help the global market expand. Global demand for diesel passenger automobiles has increased due to the development of diesel fuel injection systems. Alternative technological advancements supporting fuel injection systems in 150cc and smaller engines have made it possible to explore the untapped two-wheeler industry. The market is anticipated to increase as fuel injection systems continue to evolve.
The demand for automobile fuel injection has grown significantly on a global scale. The primary factor driving the market's growth is an uptick in vehicle manufacturing, which has led to an increase in demand for fuel efficiency. In addition, it is anticipated that the market will increase over the next few years as a result of the harsh pollution rules that are being implemented by governments across a number of locations worldwide. The market has grown more rapidly than expected over the assessment timeframe due to reasons such improved power output, increased fuel efficiency, and strict exhaust emission restrictions. Furthermore, it is anticipated that the rising demand for two-wheelers in countries like Brazil, India, and China will present lucrative opportunities for industry participants worldwide.
Segmental Overview
The market for fuel injection systems market is segmented into the vehicle type, and fuel type. According to the vehicle type, the passenger car segment is expected to increase at the quickest rate. The passenger automobile segment has seen the biggest growth as a result of the growing per capita income and the desire for personal transportation. The comfort of passenger cars is fueled by the rate of urbanization.
The gasoline segment is anticipated to hold major share in the fuel injection systems market by fuel type during the forecast period. It is well known in the automotive business that using gasoline has advantages. Compared to diesel engines, gasoline engines are more effective, cheaper, easier to refuel, lighter, have superior burning rates, have smoother acceleration, produce more power, and have fewer vibrations. Additionally, in recent years, middle-class buyers have become more interested in purchasing gasoline-powered vehicles due to their accessibility and cheaper maintenance costs.
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Regional Overview
The biggest market share of the total market was held by the Asia-Pacific in the fuel injection systems market. The rising disposable income is primarily responsible for the regional market's expansion. In addition, it is anticipated that the rising purchasing power, particularly in nations like China and India, will fuel the expansion of the regional market over the period of forecasting.
Over the foreseeable future, it is projected that the North American automotive fuel injection market would expand at a rapid clip. The rising demand for vehicle fuel injectors for off-road applications is mostly to blame for the regional market's expansion. High demand for passenger automobiles in Mexico, which can be linked to improved spending capacity as a result of economic expansion, is anticipated to fuel North American automotive sales. Due to the presence of international automotive OEMs, European nations like Germany, Italy, the United Kingdom, and Spain have also seen significant expansion in the market for fuel injection systems.
Report Scope
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| Fuel injection systems Market CAGR | 10.5% |
| Segments Covered | By Vehicle Type By Fuel Type |
List of the prominent players in the Global Fuel injection systems market:
• Magneti Marelli S.p.A.
• Delphi Automotive PLC
• Keihien Corporation
• Denso Corporation
• Carter Fuel Systems, LLC
• Aptiv Plc
• NGK Spark Plug Co., Ltd.
• Robert Bosch GmbH
• Ucal Fuel systems Ltd.
• Mikuni Corporation
The global Fuel injection systems market is segmented as follows:
By Vehicle Type
• Passenger
• Commercial
• Heavy Trucks
• Buses
• Two-Wheelers
By Fuel Type
• Gasoline
• Diesel
By Region/Geography
• North America
o The U.S.
o Canada
o Mexico
• Europe
o France
o The UK
o Spain
o Germany
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia Pacific
• The Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of the Middle East & Africa
• Latin America
o Brazil
o Argentina
o Rest of Latin America
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