Research and Markets has added the “Automotive Fuel Injection Systems Market by Technology (Port Fuel, Gasoline Direct, & Direct Diesel), Fuel Type (Gasoline & Diesel), Region, and by Component – Trends & Forecast to 2020” report to their offering..
The demand for automotive fuel injection system is governed by global vehicle production. Improved fuel efficiency & power output, and stringent exhaust emissions are some of the factors are driving demand for fuel injection systems in the automobile industry. Rising demand from countries such as China, India, and Brazil for two-wheelers is creating new growth opportunities for fuel injection systems. The global market for fuel injection systems is estimated to be at USD 54.72 Billion in 2015 and reach USD 73.62 Billion by 2020, growing at a CAGR of 6.11%.
Growing concerns over fuel efficiency, increasing fuel prices & environmental regulations, and vehicle exhaust gases have made companies look for alternative technologies. In case of gasoline engines, the gasoline direct injection technology can offer all these benefits at a reasonable cost. This technology has already started gaining a significant market share over gasoline port fuel injection technology in all the developed countries and developing countries. The diesel direct injection technology is widely preferred across the globe.
The market in Asia-Pacific region is growing at a good pace, given the increasing automotive production in these regions. Growing purchasing power, demand for high fuel efficient vehicles, and enforcement of stringent emission norms in emerging nations such as China, Thailand, and India has resulted in an increase in demand for fuel injection system.