The global automotive fuel injection systems market is expected to experience rapid growth due to increase in automobile demand and production across the globe over the forecast period. The automobile industry has witnessed strong commercial as well as non-commercial demand in the recent past, particularly in the developing regions. Such a trend is presumed to complement the global market in the near future.
Shift in consumer trend towards fuel efficient vehicles all over the world is a major factor which is expected to assist the global market. Stringent regulatory framework related to emission control is expected to positively influence this industry over the forecasted period. Improved fuel efficiency is achieved with proper cylinder-to-cylinder distribution of multi-point fuel injection which results in less fuel consumption for the same power output. Ability to accommodate alternative fuels and better diagnostic capabilities are projected to offer ample growth opportunities to industry participants. These injection systems also optimize the driving experience and results in smooth engine operation.
Volatile raw material prices are anticipated to negatively impact the industry over the forecast period. Crude oil price fluctuation critically impacts the automobile industry sales. Thus such volatile market trends are projected to hinder the global market in the near future. Strict regulatory frameworks are presumed to prompt research related to product development with properties which adhere to the emission norms set by governments and agencies alike. Growing environmental concern has resulted in the development of electric vehicles. Such engines which substitute the conventional automotive engine are presumed to negatively impact the market in the near future.
Automotive Fuel Injection Systems Market can be broadly classified on the basis of vehicle type, fuel type, fuel injection system type and region. Vehicle type includes heavy commercial vehicle, light commercial vehicle, passenger vehicle and hybrid vehicle. Fuel type classification includes gasoline and diesel. Different automotive fuel injection system types include port, throttle, direct and sequential injection. Port injection system, also known as multi-point injection, devotes an injector nozzle separately for each cylinder outside its intake port. Throttle type systems are simplest systems and are known as single point fuel injection system. This system replaces carburetors with injector nozzles in the main throttle body. Direct injection system directly injects into the combustion chambers without using valves. This system has experienced rapid growth over the recent past owing to characteristics such as increased power, reduced emissions and better fuel economy. In the sequential type multiple ports spray at the same time or in groups and can be termed as a multi-port injection system as well.
Automotive production has experienced a rapid growth in the developing regions such as Asia Pacific and Central & South America in the recent past. With the rise in disposable income levels the purchasing power has seen an uptrend over the recent years. Increase in demand for two wheeler vehicles in the emerging economies like India and China coupled with stricter emission control norms are presumed to play a key role in shaping the industry over the next seven years. Europe is expected to witness moderate growth in the near future owing high market saturation and a bleak economic scenario following the euro zone economic crisis. France, UK and Germany are presumed to lead the overall demand for this regional Automotive Fuel Injection Systems Market.
Stringent emission norms such as those imposed by France have resulted in a ban on diesel cars. Such regulatory framework is anticipated to critically impact the industry in the near future. Rapid urbanization in the developing regions such as Asia Pacific, Central & South America and Middle East & Africa has led to robust automobile demand in the recent past. This trend is estimated to continue over the forecast period, which in turn is expected to aid the market over the next seven years. Government initiatives to develop transportation infrastructure such as roads in the developing regions are expected to result in higher automobile demand over the forecast period. The global automotive fuel injection systems market is projected to benefit from such a trend in the near future and offer abundant opportunities to the industry participants.
Automotive Fuel Injection Systems Market is highly cost intensive with high initial investment which raises the entrance barrier for new industry participants. Industry participants are investing heavily on R&D initiatives to gain competitive advantage in the market and cater to the growing demand from the developing regions. Prominent industry participants include Denso Corporation, Delphi Automotive PLC, Hitachi Limited, Continental AG, Magneti Marelli S.P.A, Infineon Technologies AG, Edelbrock LLC, Keihin Corporation, Woodward Inc., Ti Automotive Inc., UCI International Inc. and Robert Bosch.
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The automotive & transportation industry is amongst the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for automotive products. The demand for commercial vehicles is expected to plummet with the shutdown of all non-essential services. Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic may have serious implications on the near future growth of the industry. Meanwhile, liquidity shortfall and cash crunch have already impacted the sales of fleet operators, which is further expected to widen over the next few months. We are continuously monitoring the COVID-19 pandemic, and assessing its impact on the growth of the automotive & transportation industry. The report will account for Covid19 as a key market contributor.