Automotive Fuel Delivery and Injection Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
Albany, NY -- (SBWIRE) -- 03/07/2016 -- The greening of the automotive industry is perhaps the most emphatic trend since the mass production of automobiles began in the early 20th century. From manufacturing light-weight vehicles to creating more fuel-efficient engines, the automotive industry is in the midst of a massive change. This has brought the importance of fuel-injection systems into focus as they are seen as a veritable means to reduce carbon emissions by attaining the perfect balance between air and fuel mixture. The most commonly used types of fuel delivery and injection systems in automobiles today are: throttle body injection, sequential fuel injection, and port fuel injection.
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These conducive factors will put the growth of the global automotive fuel delivery and injection system market on the road to healthy growth. According to a study published by Transparency Market Research, the global automotive fuel delivery and injection systems market will have a CAGR of 4.9% between 2015 and 2021, as it rises from US$54.60 bn in 2014 to US$72.76 bn by 2021.
Automobile manufacturers and consumers alike show a preference for automotive fuel delivery and injection systems that carry advantages such as low or no maintenance, simple design, and greater efficiency. With direct injection systems and port fuel injection systems meeting these expectations, their demand has risen steadily in recent years.
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While this trend is unlikely to drastically change anytime soon, the market's growth is being accelerated by the increasing popularity of sequential fuel injection systems over and above the two fuel delivery and injection systems discussed above. A palpable rise in the number of hybrid electric vehicles (HEVs) and vehicles that run on compressed natural gas (CNG) can be ascribed to the growing preference for advanced automotive fuel delivery and injection systems. Commercialization of hydrogen fuel cell vehicles (FCVs) will bring about further alterations to the global automotive fuel delivery and injection systems market.
Transparency Market Research identifies Europe as the leading market automotive fuel delivery and injection systems in 2014. The establishment of low emissions zones (LEZs) across countries in the European Union has further compelled vehicle manufacturers to invest in fuel delivery and injection systems that adhere to the latest industry regulations. The positive performance of the logistics industry is seen to be yet another driver for rising expenditure on automotive fuel delivery and injection systems in Europe.
Market analysts forecast a promising outlook for the automotive fuel delivery and injection systems market in Asia Pacific. Governments in rapidly industrializing nations (such as India and China) are acting fast to curb exhaust gas emissions from reaching hazardous levels. Efficient automotive fuel delivery and injection systems are seen as a means to meeting this end.
Companies that presently have a sizeable stake in the global automotive fuel delivery and injection systems market are: Delphi Automotive PLC, Continental AG, Robert Bosch GmbH, Hitachi Automotive Systems, Ltd., Alternative Fuel Systems, Inc., and others.
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