Press release
Automotive Injector Nozzle Market to reach US$ 5.7 Bn by 2027
Against the background of rising sales of EVs and fuel cell cars recorded across the globe, the demand for injector nozzles is less likely to dwindle. Through technological intervention, OEMs will continue to boost their production capacity for injector nozzles as they will remain an integral part for vehicles running on IC engines. Fact.MR’s report projects that in 2017, more than US$ 4.2 Bn worth of injector nozzles will be sold in the global market. Through an in-depth forecast, the report also predicts that global market for injector nozzles will expand vigorously 6.5% CAGR, reaching an estimated value of US$ 5.7 Bn by the end of 2022.
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Highlights of the Forecast:
The report predicts that gasoline port fuel injection will be the most prominent technology used in development of injector nozzles. Between 2017 and 2022, injector nozzles developed on gasoline port fuel injection technology are anticipated to create incremental opportunity of more than US$ 660 Mn.
In 2017, over 64% of injector nozzles sold in the world will be used for pumping gasoline. By the end of 2022, the demand for injector nozzles in gasoline engines will gain traction, procuring over US$ 3.5 Bn in revenues. However, the report projects fastest revenue growth in adoption of injector nozzle for diesel engines. Over the forecast period, revenues contributed by global sales of injector nozzles are anticipated to reflect a healthy CAGR of 7.9%.
With nearly 60% share over global revenues, passenger cars will remain largest vehicle segment in the global injector nozzle market through 2022.
The Asia-Pacific excluding Japan (APEJ) region is anticipated to remain dominant in the global market for injector nozzles. APEJ countries such as South Korea and China are leading contributors to global automobile production. Industrial infrastructure in the APEJ region is lucrative for OEMs, and manufacturing of essential components such as injector nozzles can be achieved cost-effectively. Expanding at an estimated 6.8% CAGR, the injector nozzle market in APEJ will reach US$ 2.4 Bn value by the end of 2022.
The demand for injector nozzles in Europe is expected to gain steady traction. Revenues amassed from sales of injector nozzles across European countries is anticipated to reflect a healthy CAGR of 6.5%.
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In North America, sales of injector nozzles is likely to witness influence from rising sales of EVs and hybrid in the US and Canada. Lack of injector nozzles to such advanced variants of automobiles is lowering the demand for injector nozzles in the US and Canada. By the end of 2017, North America’s injector nozzle market will have procured a little less than US$ 870 Mn in revenues.
The report has also profiled leading manufacturers of injector nozzles, which include companies such as Continental AG, Delphi Automotive PLC, Denso Corporation, Robert Bosch GmbH, Eaton Corporation PLC, Keihin Corporation, Magneti Marelli S.p.A, Infineon Technologies AG, Alternative Fuel Systems Inc., Haynes Corporation, and Camcraft Inc. Through 2022, these companies are expected to remain key players in the growth of global injector nozzle market.
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