Automotive Fuel Delivery and Injection Systems Market Forecast to Reach $9.1 Billion by 2026
Jul 1, 2021
Adoption of Compressed Natural Gas Driving the Growth of Automotive Fuel Delivery and Injection Systems Market.
Hyderabad, India - June 30, 2021 /MarketersMedia/ —
Automotive Fuel Delivery and Injection Systems Market is forecast to reach $9.1 billion by 2026, growing at a CAGR of 4.2% from 2021 to 2026. The Automotive Fuel Delivery and Injection System Market is estimated to witness sustainable growth over the forecast period majorly because of increase in the Automobile production and increasing demand for fuel-efficient vehicles with the advancement in fuel injection system technology.
According to International Organization of Motor Vehicle Manufacturers, the automobile industry is investing almost $104 billion in research, development and production activities. These investments propel the Automotive Fuel Delivery and Injection Systems Market globally. The major purpose of the fuel injection system is to deliver fuel into the cylinders of an engine, to maintain its efficiency and to achieve effective use of the fuel.
The adoption of these fuel injector Fuel pressure regulator systems will uplift the market growth of Automotive Fuel Delivery and Injection Systems. On the other hand, high installation cost and maintenance charges tend to restraint its market growth in low economic regions. Increase in the adoption of Electric Vehicles restrains the installation of fuel delivery and injection systems in different vehicles which brings a major challenge in its market growth.
Automotive Fuel Delivery and Injection System Segment Analysis - By Fuel Type
Compressed Natural Gas (CNG) is growing at the fastest rate in the Automotive Fuel Delivery and Injection Systems Market as compared to other fuel types. This segment is set to grow at a CAGR of 6.2% through 2026. The demand for Compressed Natural Gas (CNG) is growing because, in an automobile, the air-fuel ratio determines the type of fuel required for good efficiency of the engine. However, advanced fuels such as compressed natural gas and hydrogen gas are witnessing an increase in demand, because of their greater efficiency and low pollution. This tends to uplift the adoption of Compressed Natural Gas as a major fuel type in Automotive Industry.
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Automotive Fuel Delivery and Injection System Segment Analysis - By Type of Injector
Single-point/Throttle Body Injector holds the largest market in Automotive Fuel Delivery and Injection Systems Market in its fuel injection type with a share of 41% in 2020. The Single-point/Throttle Body injector provides better performance of the engine with good efficiency because of its simple mechanism which requires low installation cost and maintenance charges. These features tend to drive its market growth.
Automotive Fuel Delivery and Injection System Segment Analysis - By Geography
Asia-Pacific has been accounted for being the highest market among all the regions at 36% share in 2020. The market growth in this region is predominantly rising due to fast-growing economies such as China, India, Japan and Others. Increasing rate of Urbanization and Industrialization with high population densities in these economies tends to uplift the Automotive Fuel Delivery and Injection Systems Market in these regions.
Automotive Fuel Delivery and Injection Systems Market Drivers
Initiative taken by Government and Rise in Environmental Concerns drives market growth
Adoption of Compressed Natural Gas (CNG)
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Automotive Fuel Delivery and Injection Systems Market Challenges
Adoption of Electric Vehicles
One of the major challenges faced by Automotive Fuel Delivery and Injection Systems Market globally is the vast adoption of Electric Vehicles over traditional liquid and gas fuel type vehicles. Rise in Electric Vehicle Market is one of major steps towards Global Environmental Concern, but it has adversely affected the Automotive Fuel Delivery and Injection Systems Market.
Market Landscape
The Automotive Fuel Delivery and Injection Systems Market is dominated by major companies such as Continental AG, Delphi Automotive Plc, Denso Corporation, Infineon Technology AG, Magneti Marelli, NGK Spark Plug Co. Ltd, Robert Bosch GmBH, Ti Automotive Inc MSD Ignition, Edelbrock LLC, Lucas TVS Ltd. and Hitachi Automotive Systems Ltd.
Key Takeaways
The Automotive Fuel Delivery and Injection Systems Market is estimated to witness sustainable growth over the forecast period because of increase in the Automobile production and increasing demand for fuel-efficient vehicles with advancement in fuel injection system technology such as imp
roved air control valve, fuel pressure regulators and Gasoline direct injection.
The Automotive Fuel Delivery and Injection System is a key technology in a vehicle operation. It maintains a proper air-fuel mixture according to the torque requirements. This a key factor that drives the Market.
A well-planned Fuel Injection system can increase the efficiency of the engine and reduce pollution. This tends to drive its market growth.
Due to rise in Governmental regulations and Environmental Concerns, Automotive Fuel Injection system manufacturers are emphasizing the development of advanced design of the fuel delivery system due to the increased focus on reduction of pollution and increase in demand for high efficiency engines. This tends to uplift the market growth of Automotive Fuel Delivery and Injection System Market globally.
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