Press release
Fuel Injection Systems Market Grows with Key Drivers and Market Insights
Fuel Injection Systems Global Market Report 2024
The Business Research Company offers in-depth market insights through Fuel Injection Systems Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fuel injection systems market size has grown rapidly in recent years. It will grow from $81.52 billion in 2023 to $91.7 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to stringent emission standards, fuel efficiency demands, market competition and innovation, consumer demand for performance, rise of electronic control units (ECUs).
The fuel injection systems market size is expected to see rapid growth in the next few years. It will grow to $139.28 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to global transition to electric vehicles, continued stringency in emission regulations, hybrid and plug-in hybrid vehicle growth, integration with vehicle connectivity and autonomy, R&D investments in advanced materials and design. Major trends in the forecast period include technological advancements in automotive sector, rising demand for fuel efficiency, shift towards direct injection technology, adoption of gasoline direct injection (GDI), advancements in material and manufacturing technologies.
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Market Segmentation:
The fuel injection systems market covered in this report is segmented -
1) By Components: Electronic Control Unit, Fuel Injectors, Pressure Regulators, Sensors, Fuel Pumps
2) By Vehicle Type: Two-Wheelers, Passenger Vehicle, Heavy Vehicles, Other Vehicle Types
3) By Engine Type: Gasoline, Petrol Engine, Diesel Engines, Other Engine Types
4) By Technology: Direct, Multi-Point
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Major Driver - Vehicle Production Surge Fuels Growth In The Fuel Injection Systems Market
Increasing vehicle production is expected to propel the growth of the fuel injection systems market going forward. A vehicle refers to any mode of transportation or conveyance in which someone travels or something is carried or conveyed. Fuel injectors are used to inject fuel into the engine cylinders while accurately adjusting injection time and fuel atomization and driving it directly into the combustion chamber at the precise period. For instance, in April 2022, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group for the automobile industry, around the world, 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020. Therefore, the increase in vehicle production is driving the growth of the fuel injection systems market.
Competitive Landscape:
Major companies operating in the fuel injection systems market report are Robert Bosch GmbH, Siemens AG, Denso Corporation, Continental AG, Cummins Inc., Eaton Corporation plc, BorgWarner Inc., Infineon Technologies AG, Maruti Suzuki India Limited, Hitachi Automotive Systems Ltd., Autoliv Inc., Tata AutoComp Systems Limited, TI Fluid Systems plc , Woodward Inc., Weifu High-Technology Group Co. Ltd., Mikuni Corporation, Delphi Technologies PLC, Napino Auto & Electronics Limited, Holley Performance Products Inc., Walbro LLC, NGK Spark Plug Co. Ltd., Keihin Corporation , Winterthur Gas & Diesel Ltd, Stanadyne LLC, dynaCERT Inc., Magneti Marelli S.p.A., Carter Fuel Systems LLC, Edelbrock LLC, Ucal Fuel Systems Limited, Rochester Gauges International LLC, ASNU Corporation Europe Ltd.
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Top Trend - Holley Inc. Reinforces Leadership In Fuel Injection Systems Market With The Launch Of Sniper 2 EFI
Major companies operating in fuel injection systems market are focused on developing electronic fuel injection such as Sniper 2 EFI to sustain their position in the market. The Sniper 2 EFI, an electronic fuel injection system, is designed for straightforward installation and self-tuning, making it a convenient EFI conversion option for commonly used 4-barrel style carburetors. For instance, in August 2023, Holley Inc, a US-based company operating in the automotive industry, launched Sniper 2 electronic fuel injection (Sniper 2 EFI). The introduction of Sniper 2 EFI marks the progression of the company's expansive and rapidly expanding Sniper product line. Initially unveiled in 2016, the Sniper line pioneered the incorporation of modern Electronic Fuel Injection (EFI) into vehicles originally equipped with carburetors. Sniper 2 stands as the most recent product unveiling within Holley's primary product category - Electronic Fuel Injection, further solidifying its position as a leader in this field.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fuel Injection Systems Market Characteristics
3. Fuel Injection Systems Market Trends And Strategies
4. Fuel Injection Systems Market - Macro Economic Scenario
5. Fuel Injection Systems Market Size And Growth
…..
27. Fuel Injection Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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