Press release
Automotive Fuel Injector Market 2024 - By Size, Share, Growth Rate, Emerging Trends, Development Status, Revenue Outlook And Forecast 2033
Automotive Fuel Injector Market
Automotive Fuel Injector Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $96.1 billion In 2028 At A CAGR Of 7.6%.
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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Automotive Fuel Injector Market Major Segments
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
Key Driver - The Surge In Passenger Vehicle Demand Fuels Automotive Fuel Injector Market Growth
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.
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Prominent Trend - Revolutionizing Automotive Performance Through Breakthrough In Gasoline Direct Injection Technology
Product innovation is the key trend gaining popularity in the automotive fuel injector market. Major companies operating in the automotive fuel injector market are focusing on developing new products to sustain their position in the market. For instance, in December 2021, Stanadyne, a US-based manufacturer of fuel pumps and fuel injectors, launched a fuel injector for gasoline direct injection (GDI) that produces 1,000 bars of pressure. The new injector, which represents innovative technology for the industry, has already surpassed its benchmark performance goals by 20% after achieving 1,200 bar of fuel pressure in preliminary testing. This new generation of gasoline high-pressure direct injection is adaptable to fuel systems from 350 to 1,000 bar and integrates with existing engine architecture. This new gasoline high-pressure direct injection technology combines with existing engine architecture and can handle fuel systems with 350 to 1,000 bar pressures.
Automotive Fuel Injector 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
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automotive fuel injector market in 2023. North America is expected to be the fastest-growing region in the automotive fuel injector market report during the forecast period. The regions covered in the automotive fuel injector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Fuel Injector Market Report Structure
3. Automotive Fuel Injector Market Trends And Strategies
4. Automotive Fuel Injector Market - Macro Economic Scenario
5. Automotive Fuel Injector Market Size And Growth
…..
27. Automotive Fuel Injector Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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