Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected to cross US$ 70 Bn by end of 2018.
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Growing Automotive Sales Fueling Automotive Fuel Injectors Demand
The prospects of automotive fuel injectors are directly linked to the growth of the automotive industry. Growth in vehicle sales can be directly associated with vehicle production, which has been on an upswing, particularly across emerging economies. According to European Automobile Manufacturers Association (ACEA) vehicle production in China was maximum in 2017, accounting for a 30 percent share of the overall vehicle production, followed by EU that stood at 24 percent.
Sales of Automotive Fuel Injectors Concentrated in Europe; China to Showcase High Lucrativeness
Western Europe is expected to reflect significant growth apropos to sales and demand for automotive fuel injectors in 2018. Increasing automotive fleet, coupled with growing vehicle production is expected to provide potential avenues for automotive fuel injectors in the region.
Sales for automotive fuel injectors are expected to be on an upswing in China with demand projected to expand at a momentous rate in the coming years. This growth can be attributed to increasing vehicle sales in the country. In 2017, around 24 million passenger vehicles were sold in China and the rate is expected to further increase at a 4% year-on-year rate from 2018, according to CPCA (China Passenger Car Association). Further, the China automotive fuel injectors market is likely to witness growing demand for gasoline automotive fuel injectors especially for light trucks and passenger cars. With a significant shift toward GDI technology, sales of advanced automotive fuel injectors in China are expected to increase in the near future.
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Gasoline Direct Injectors to Witness a Spike in Demand
Demand for gasoline direct injectors is projected to expand at a robust pace in the coming years. Gasoline direct automotive fuel injectors facilitate enhanced fuel consumption, reduction in carbon emissions and superior engine performance. According to the report, demand for gasoline direct automotive fuel injectors is projected to expand at rate of 6% ten years down the line. However, the sales of direct diesel injectors are estimated to surpass those of gasoline direct automotive fuel injectors, consequently accounting for a larger revenue share of the overall automotive fuel injectors market.
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The report on automotive fuel injectors market provides thorough analysis on major players involved in the distribution and manufacturing of automotive fuel injectors. The competitive landscape chapter in the automotive fuel injectors market report covers key aspects such as automotive fuel injectors product portfolio, SWOT analysis, key strategies, expansion plans and new developments. The automotive fuel injectors market report includes profiles of major players such as Delphi Technologies PLC, Hitachi Automotive Systems Ltd., Denso Corporation, Robert Bosch GmbH.
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