Press release
Automotive Fuel Delivery and Injection Systems Market to Expand at 4.9% CAGR 2015-2021 due to Growing Need for Fuel Efficiency
Transparency Market Research (TMR) has announced the addition of a new study on the global automotive fuel delivery and injection systems market. The report is titled “Automotive Fuel Delivery and Injection Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.” According to the report, the global automotive fuel delivery and injection systems market, which was valued at US$54.60 bn in 2014, and is expected to reach US$72.76 bn by 2021, at a CAGR of 4.9% from 2015 to 2021.An automotive fuel delivery and injection system is a core part of a vehicle’s combustion engine. Modern vehicles are equipped with automotive fuel delivery and injection systems that provide a perfect air and fuel mixture ratio to decrease fuel emission and give a better mileage. The perfect mixture of air and fuel is essential in an engine in order to achieve better fuel economy and reduce emission of harmful gases from unburnt fuel. Thus, carburetors are increasingly being replaced by automotive fuel delivery and injection systems.
The global automotive fuel delivery and injection systems market is driven by a rising need to comply with government emission rules. The compliance to emissions set by various governments has also led to technological advancements in the automotive fuel delivery and injection systems so as to optimize the air and fuel mixture ratio to reduce emission. This in turn is driving the market. A growing need for fuel efficiency and emission control is a major driver of the market.
The global automotive fuel delivery and injection systems market is segmented on the basis of vehicle, fuel, geography, and type. On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, Europe held the largest share in the automotive fuel delivery and injection systems market in 2014, followed by Asia Pacific.
Germany and the U.K. are the leading manufacturers of automotive fuel delivery and injection systems in Europe. Asia Pacific is expected to be the fastest growing regional segment, with China, Japan, and India being leading contributors to the automotive fuel delivery and injection systems market. Government regulations concerning exhaust gas emissions have led to the growth of the market in Asia Pacific region.
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On the basis of type, the global automotive fuel delivery and injection systems market is segmented into port fuel injectors, throttle body fuel injector, direct injectors, and sequential fuel injectors. Of these, the port fuel injection and body fuel injection types held the largest share in the market in 2014. Port fuel injection, because of its maintenance-free design, is the most extensively used automotive fuel delivery and injection system. Throttle body fuel injectors held the second largest position in the market in 2014, due to their simple design structure and low maintenance cost.
The report profiles some of the leading players operating in the global automotive fuel delivery and injection systems market, for the purpose of the study. The companies studied are: Hitachi Automotive Systems, Ltd., MSD Ignition, Delphi Automotive PLC, Denso Corporation, Robert Bosch GmbH, Continental AG, Alternative Fuel Systems, Inc., and Continental AG.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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