Press release
Automotive Common Rail Direct Injection (CRDI) System Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028
The global automotive common rail direct injection (CRDI) system market is anticipated to grow at a considerable CAGR of 6.3% during the forecast period (2022-2028). The rise in government regulations regarding fuel economy standards is anticipated to drive the growth of the market. For instance, National Highway Traffic Safety Administration NHTSA's Corporate Average Fuel Economy (CAFE) standards regulate how far the vehicles must travel on a gallon of fuel. NHTSA sets CAFE standards for passenger cars and light trucks and separately sets fuel consumption standards for medium and heavy-duty trucks and engines. Further, NHTSA had finalized CAFÉ standards for MYs 2024-2026. The final rule establishes standards that would require an average of approximately 49 mpg for passenger cars and light trucks in the model year 2026, by increasing fuel efficiency by 8.0% annually for model years 2024 and 2025 and 10.0% annually for the model year 2026. Moreover, the agency projects the final standards will save $1,400 in total fuel expenses of vehicles produced in these model years and avoid the consumption of 234 billion gallons of gas between model years 2030 to 2050. Thus, such stringent regulations concerning the fuel economy standards are anticipated to fuel the demand for the global automotive common rail direct injection (CRDI) system market.A full report of Automotive Common Rail Direct Injection (CRDI) System Market is available at: https://orionmarketreports.com/automotive-common-rail-direct-injection-crdi-system-market/102833/
Further, the government regulations to reduce carbon emissions and increase fuel efficiency are mandating the CRDI systems to ensure vehicle compliance with several emissions standards. For instance, in December 2021, the US Environmental Protection Agency (EPA) revised national greenhouse emissions standards for passenger cars and trucks for model years 2023-2026. The final standards are projected to achieve significant GHC emissions reductions along with reductions in other criteria pollutants.
The growing preference for pick-up trucks owing to their fuel efficiency feature is anticipated to drive the growth of the market. According to the financial news media, the pickup trucks had fewer regulations concerning fuel economy as compared to passenger vehicles. Also, in January 2022, Fiat Chrysler's Ram brand trucks' sales volume rose by 24.0% to 39,649 vehicles in high demand, contributing to the company's overall sales which grew by 2.0%.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Robert Bosch GmbH, Denso Corp, and Continental AG among others
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Automotive Common Rail Direct Injection (CRDI) System Market Report by Segment
By Type
SDI
TDI
By Application
Passenger Car
Commercial Vehicle
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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