Global fuel injection system market demand is anticipated to be valued at US$ 74 Billion in 2022, forecast to grow at a CAGR of 9.9% to be valued at US$ 191 Billion by 2032.
The Fuel injections system is a vital mechanism in engine of vehicles to ensure proper flow of fuel through the engine. The performance of engine is heavily dependent on performance and reliability offered by Fuel injection system. Automobile, defence & military, mining industries and aviation are key end-users of Fuel injection systems.
The fuel injection systems not only maintain health of the engine but also reduces carbon emission and improves economy of fuel usage. In order to cater to demand for technologically advanced fuel injection system for automotive, the majority of players in fuel injection system market are focusing on research & development.
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Fuel injection system offers numerous benefit to the automotive, such as – simple setup, easy start to engine, smooth running of engine, fuel burning efficiency, save fuel by preventing excessive consumption, provide precise amount of fuel to all cylinders, ability to adapt with alternative fuels and increase mileage of the vehicle.
The Fuel injection system supplies, measures and optimizes the fuel consumption and thereby increasing life of the engine. On other hand, fuel injection systems are comparatively expensive than carburettors, have short life and difficult to repair.
On the basis of vehicle type, fuel injection system market is segmented into – Two-Wheeler, passenger cars, heavy vehicles and others. Market share for passenger car fuel injection system by value is expected to represent highest growth in forecast period. On the contrary, heavy vehicles segment is expected to reflect limited growth.
Competitive Landscape:
Robert Bosch GmBH, Denso Corporation, Delphi Automotive Plc., Continental AG, Hitachi Ltd, Edelbrock LLC, Woodward, Inc., Kinsler Fuel Injection etc. among others are some of the top players in global fuel injection system market.
The strategy of acquisition of local manufacturers and new product development is adopted by top players in global fuel injection system market. Most of the Fuel injection system manufacturers are positioning their products as a part of contribution towards green and sustainable development.
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Fuel Injection System Market Segmentation:
By Vehicle Type:
- Fuel Injection Systems for Passenger Vehicles
- Fuel Injection Systems for Commercial Vehicles
- Fuel Injection Systems for Heavy Trucks
- Fuel Injection Systems for Buses
- Fuel Injection Systems for Two-Wheelers
By Engine Type:
- Fuel Injection Systems for Gasoline Engines
- Fuel Injection Systems for Diesel Engines
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa
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