Automotive Fuel Delivery and Injection Systems Market foreseen to grow exponentially over 2021
Presently, leading participants are aggressively focusing on product innovation and advancements in current offerings to improve their portfolios. However, mergers, acquisitions, and partnerships will be the most preferred business strategy in the years to come as the focus of these players are likely to shift from strengthening their portfolios to expanding their reach internationally.
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Complex Design Increases Maintenance Cost, Hampers Application Significantly
On account of their complex designs, these systems require professional assistance and tools for their maintenance, owing to which, the overall costs of these devices increase substantially. The application of these systems has been impacted negatively due to this factor in the recent times.
In addition to this, the rise in implementation of various rules and regulations by several governments concerning the increase in the environmental pollution by exhaust gas is projected to scale down the sales of standard fuel injection systems over the coming years.
Opportunity in Europe to Reach US$25.1 bn by 2021
The opportunity in automotive fuel delivery and injection systems has been growing significantly at the global level, observes TMR. According to its estimations, this global opportunity will expand at a CAGR of 4.90% between 2015 and 2021, rising from US$54.6 bn in 2014 to a value of US$72.7 bn by the end of the forecast period.
In 2014, Europe emerged the market leader with and analysts expect the region to continue to lead throughout the forecast period, however with a slight decline in its share. The opportunity for automotive fuel delivery and injection systems in Europe is likely to increase to US$25.1 bn by 2021.
Currently, automotive fuel delivery and injection systems report maximum utilization in passenger vehicles. This trend is expected to remain the same in the years to come. By fuel type, gasoline-based systems will continue to experience the most prominent demand in the near future. In terms of product type, port fuel injections will remain the leading segment over the next few years.
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Growing Demand for Vehicles Boosts Sale of Automotive Fuel Delivery and Injection Systems
Of late, a rapid rise in the demand for automobiles has been experienced across the world. “With the improving economic conditions and the increasing population base, the demand for passenger as well as commercial vehicles has registered an immense growth over the last few years,” states an analysts. Since automotive fuel delivery and injection systems are one of the most important parts of any automobile, their sale is directly influenced by this escalating demand for vehicles.
Apart from this, the increasing preference for fuel-efficient vehicles is also adding considerably to the growing demand for these systems, which have gained significant popularity for their efficacy in managing fuel delivery better than carburetors.
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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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