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Automotive Fuel Injector Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Automotive Fuel Injector Market
The Business Research Company presents an extensive market research report on the Automotive Fuel Injector Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automotive fuel injector market size has grown strongly in recent years. It will grow from $65.88 billion in 2023 to $71.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to fuel efficiency regulations, demand for performance, emissions reduction requirements, shift from carburetors to injectors, improvement in engine design.
The automotive fuel injector market size is expected to see strong growth in the next few years. It will grow to $96.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to emission norms and regulations, hybrid and electric vehicle integration, demand for lightweight components, rise in vehicle production, advanced engine designs. Major trends in the forecast period include technological advancements in fuel injection, enhanced efficiency and precision, direct injection dominance, multi-hole injector designs, compact and lightweight injectors.
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Key Market Players:
Major companies operating in the automotive fuel injector market report are Robert Bosch GmbH, Siemens AG, Denso Corporation, Continental AG, Eaton Corporation PLC, Hitachi Astemo Ltd., STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, Marelli Holdings Co. Ltd., Westinghouse Air Brake Technologies Corporatio, Woodward Inc., TI Fluid Systems Plc., Aisan Industry Co. Ltd., Standard Motor Products Inc., Holly Inc, Stanadyne LLC, Carter Fuel Systems, SARD Co. Ltd., Edelbrock LLC, Aeromotive Inc., GB Remanufacturing Inc., Wilson Manifolds Inc., ASNU Corporation Europe Ltd., Fuel Injector Clinic, DeatschWerks LLC, TLF Performance Parts, Tomei Powered Inc., Delphi Technologies, Hyundai KEFICO Corporation
Market Drivers:
The increasing demand for passenger vehicles is expected to boost the growth of the automotive fuel injector market going forward. A passenger vehicle is a road motor vehicle designed to accommodate no more than nine people (including the driver) and is used for passenger transportation. A fuel injector pumps fuel into the engine properly to ensure that a passenger vehicle operates as efficiently as possible. For instance, in February 2023, according to a report published by the European Automobile Manufacturers' Association (ACEA), a Belgium-based standards group of the automobile industry in the European Union, over 68 million passenger automobiles were produced globally in 2022, up 7.9% from the previous year. Further, in 2022, North American auto production increased by 10.3% to 10.4 million units. Therefore, the increasing demand for passenger vehicles is driving the growth of the automotive fuel injector market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/automotive-fuel-injector-global-market-report
The automotive fuel injector market covered in this report is segmented -
1) By Type: Throttle Body Injection, Multipoint Fuel Injection, Other Types
2) By Fuel: Diesel Fuel Injectors, Gasoline Fuel Injectors
3) By Pressure Range: High Pressure Injectors, Low Pressure Injectors
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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