“Automotive Fuel Injection System Market: Global Demand Analysis & Opportunity Outlook 2024”
The global automotive fuel injection system market is segmented into vehicles such as passenger cars, two-wheelers, light commercial vehicles, heavy commercial vehicles. Among these segments, passenger cars segment accounted for the largest market of overall automotive fuel injection system market in 2016. Additionally, increasing number of passenger cars on roads is anticipated to flourish the growth of global passenger cars market. Apart from this, heavy commercial vehicles segment is believed to be the fastest growing segment in the global market of automotive fuel injection system due to increasing transportation activities.
Global automotive fuel injection system market is expected to showcase a tremendous CAGR of 5.2% over the forecast period i.e. 2017-2024. Additionally, the market is riding on the back of growing automotive industry along with introduction of advance fuel injection system technologies. Moreover, the global automotive fuel injection system market is anticipated to account noteworthy revenue by 2024.
The diesel direct injector segment by technology is projected to grasp the biggest market of global automotive fuel injection system in 2016. Further, growing adoption of diesel vehicles on the back high power is predicted to directly impact the demand for diesel direct injector segment which is projected to bolster the growth of global diesel direct injector market. In terms of regional platform, Asia-Pacific region accounted for the top position in the global automotive fuel injection system market. Moreover, swelled disposable income and rapid urbanization have also boosted the sales of vehicle in this region which is envisioned to supplement the growth of automotive fuel injection system market.
Increasing Adoption of Two-Wheelers
Technological advancement in two-wheelers such as old two-wheelers carburetors systems is replaced with fuel injection system to increase the fuel economy of two-wheelers are believed to be the dynamic factor behind the rapid growth of automotive fuel injection system market. Furthermore, increasing prices of fuel all across the globe is also expected to foster the growth of automotive fuel injection system market.
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Rising Demand for Fuel Efficient Vehicles
Growing demand for advanced automotive fuel injection system on the back increasing government legislations regarding emission produced by vehicles is projected to flourish the growth of automotive fuel injection system market. Moreover, supportive government initiatives to develop the transportation infrastructure such as roads in developing nations are projected to positively the impact the growth of automotive fuel injection system market.
On the contrary, strict norms taken by government regarding carbon emission have resulted in ban on diesel cars in some countries and increasing adoption of electric vehicles are anticipated to hamper the growth of automotive fuel injection system market.
The report titled “Automotive Fuel Injection System Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global automotive fuel injection system market in terms of market segmentation by vehicles, by fuel, by technology, by component and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global automotive fuel injection system market which includes company profiling of Continental AG, Delphi automotive PLC, Denso Corporation, Hitachi Ltd, Robert Bosch GmbH, Magneti Marelli S.p.A, Keihin Corporation, Woodward, Kinsler Fuel Injection, and Edelbrock LLC. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive fuel injection system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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