Developed countries such as Germany, the U.K., France, Spain and Italy constitute a major share of the European automotive industry, which is dominated by established OEMs such as BMW AG, Daimler AG, Fiat and PSA/Peugeot-Citroen, Volkswagen Group, and others.
The global automotive fuel injection system market was valued at $59,588.3 million in 2015, and it is expected to grow at a CAGR of 7.9% during 2016 - 2022. The increasing need for fuel efficient vehicles and stringent emission control norms are expected to drive the demand for automotive fuel injection system over the forecast period.
Serious issues related to environmental pollution has cropped up mainly because of industrial emission and automotive emission; mainly carbon monoxide and sulfur dioxide emitted by vehicles. Extraction and use of conventional fuels such as petroleum products is increasing.
Hence, there is an increasing demand for vehicles with better fuel efficiency and lower emission.
The key opportunity witnessed in the global automotive fuel injection system market includes growing two-wheeler market for fuel injection system and product development opportunities in natural gas vehicles.
Asia-Pacific has been the largest market for automotive fuel injection system market, accounting 48.7% of the global market in terms of value in 2015. Asia-Pacific is expected to be the fastest growing region in the global automotive fuel injection system market, registering a CAGR of 8.4% during 2016 – 2022.
The major reason for the growth of the market in the region includes increased vehicle production and strict emission norms.
Report: www.psmarketresearch.com/market-…ort-sample
Europe was the second largest market for automotive fuel injection systems in 2015 in terms of value.
MARKET SEGMENTATION
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Component
- Fuel Injector
- Engine Control Unit (ECU)
- Fuel Pump
- Fuel Pressure Regulator
By Fuel Type
- Diesel
- Gasoline
By Technology
- Diesel Direct Injection
- Gasoline Port Injection
- Gasoline Direct Injection
Some of the major players operating in the global automotive fuel injection system market include Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive PLC, Hitachi, Ltd., Magna International Inc., Mikuni Corporation, Johnson Electric, and SHW AG.
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