The global automotive fuel injection system market size is expected to grow from USD 64.66 billion in 2021 to USD 87.82 billion by 2027 at a CAGR of 5.0%.
In past years fuel injection systems could not provide exact fuel quality at the right time and the correct cylinder. Advanced fuel injection systems could regulate the flow of fuel and provide additional functions like a pilot, post-injection, and scheduling, which contribute to the growth of the fuel injection market. Fuel injection engines are easy to start, help in the smooth running of an engine, and assist in saving fuel, which may also drive the growth of the market. Fuel injection systems in modern-day vehicles function at varying pressure levels to meet emission limits. The rising need for the versatility of fuel injection systems is expected to increase the demand for special coatings, like near-frictionless carbon coatings, titanium nitride (TiN) coatings, and others.
Volatile raw material prices are anticipated to negatively impact the industry over the forecast period. Crude oil price fluctuation critically impacts automobile industry sales. Thus such volatile market trends are projected to hinder the global market in the near future. Strict regulatory frameworks are presumed to prompt research related to product development with properties that adhere to the emission norms set by governments and agencies alike. Growing environmental concern has resulted in the development of electric vehicles. Such engines which substitute the conventional automotive engine are presumed to negatively impact the market in the near future.
Among technologies, the gasoline direct injection system segment is expected to dominate the global automotive fuel injection system market and is expected to replace the gasoline port fuel injection system. There is a rising demand for fuel-efficient engines and fewer emissions of CO2, therefore many automobile manufacturers across the globe are manufacturing gasoline direct injection. Among vehicle types, the market has been segmented into PC, LCV, and HCV. The passenger car segment is expected to dominate the market over the forecast period.
Geographically fuel injection system is segmented into North America, Europe, Asia Pacific, and the rest of the World. Europe is anticipated to have stable growth over the forecast period owing to stringent government rules. Stringent regulations on diesel cars are expected to drive the fuel injection market; this, in turn, encourages manufacturers to develop advanced fuel injection components for vehicles. Automotive production has experienced rapid growth in developing regions such as the Asia Pacific and Central & South America in the recent past. With the rise in disposable income levels, purchasing power has seen an uptrend over the recent years. An increase in demand for two-wheeler vehicles in emerging economies like India and China coupled with stricter emission control norms is presumed to play a key role in shaping the industry over the next seven years. Europe is expected to witness moderate growth in the near future owing to high market saturation and a bleak economic scenario following the eurozone economic crisis. France, UK, and Germany are presumed to lead the overall demand for this regional Automotive Fuel Injection Systems Market.
Stringent emission norms such as those imposed by France have resulted in a ban on diesel cars. Such a regulatory framework is anticipated to critically impact the industry in the near future. Rapid urbanization in the developing regions such as the Asia Pacific, Central & South America, and Middle East & Africa has led to robust automobile demand in the recent past. This trend is estimated to continue over the forecast period, which in turn is expected to aid the market over the next seven years. Government initiatives to develop transportation infrastructure such as roads in the developing regions are expected to result in higher automobile demand over the forecast period. The global automotive fuel injection systems market is projected to benefit from such a trend in the near future and offer abundant opportunities to industry participants.
The Asia Pacific is expected to dominate and be the largest market for fuel injection system in the automobile industry. Rising demand for passenger vehicles in developing nations like China, India, and is expected to drive the growth of the market in this region. North America is also expected to grow steadily in this market over the forecast period.
The leading players operating in the global automotive fuel injection system market are Magneti Marelli S.p.A., Delphi Automotive PLC, Robert Bosch GmbH, Ucal Fuel systems Ltd., Mikuni Corporation and Keihin Corporation.