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Automotive fuel injection systems market to reach $115bn.

The global automotive fuel injection systems market accounted for $61.61 billion in 2017 and is expected to reach $115.10 billion by 2026, growing at a compound annual growth rate (CAGR) of 7.2 per cent, according to a report by Stratistics MRC, a market research firm.

Factors such as growing demand of automobile industry among emerging countries and rise in advancements in fuel injection system are driving the market growth, said the report.

However, increase in the government stringent emission norms and its regulatory framework is hampering the growth of the market.

The fuel injection system delivers fuel or a fuel-air mixture to the cylinders by means of pressure from a pump. All diesel engine based automotive vehicles must use fuel injection by design because of diesel's greater viscosity and the need to overcome the high pressure of the compressed air in the cylinders.

Gasoline engines can use either a carburetor or a fuel injection, it added.

Based on the fuel type, gasoline segment has lucrative market share during the forecast period. As it is continuously replacing traditional gasoline port fuel injection system.

By geography, North America region is driven by increasing demand for automobiles in the region is on the rise; this is positively impacting the automotive fuel injection market.

Some of the key players in automotive fuel injection systems market include NGK Spark Plug Co, Infineon Technologies, Robert Bosch, Continental AG, Westport Innovations Inc, Keihin Corporation., UCI International Inc, Hitachi, Delphi Automotive PLC, Woodward Inc, Carter Fuel Systems, Denso Corporation, Magneti Marelli, and Ti Automotive Inc. -- TradeArabia News Service

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Publication:TradeArabia (Manama, Bahrain)
Date:Aug 8, 2019
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