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Global Injector Nozzle Market Growth Driven by Increasing Demand for More Fuel-Efficient Vehicles
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According to the government regulations in Europe, the average emission level of new cars reduced by 160 gram per kilometer (g/km) during 2006-2012. The regulation requires reducing the emission levels from new cars to 95 g/km till 2020. Such stringent regulations have resulted in extensive use of lightweight materials by automobile manufacturers. In addition, the Organization of the Petroleum Exporting Countries (OPEC) imposed new regulations on its members and restricted the production and export of crude oil.
In 2015, North America was the fastest growing market for injector nozzle, as the demand for domestic vehicles increased and witnessed a positive year-on-year growth during 2012 – 2015. Asia-Pacific is estimated to witness the fastest growth during the forecast period, as compared to other countries due to low production cost and availability of labor and emission norms, which is boosting the growth of the injector nozzle market.
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Some of the major competitors in the global injector nozzle market include Continental AG, Denso Corporation, Delphi Automotive PLC, Magneti Marelli S.p.A., Robert Bosch GmbH, Keihin Corporation, and Infineon Technologies AG.
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