Fuel delivery and injection systems are vital parts in automobiles used for delivering fuels to the ignition chamber at a specified pressure and air-fuel ratio. The fuel delivery and injection systems are expected to witness significant growth during the forecast period. This is due to the increasing global sales of the automobiles, technological advancements in this field and increasing demand for fuel efficiency
Portland, OR -- (SBWIRE) -- 09/22/2017 -- The current Fuel Delivery and Injection Systems Market is changing rapidly. The key factor that is driving the market is the growth in sales across all vehicular segments. Also, the technological advancements aimed at improving the fuel economy and efficiency of the engine further boosting the market growth. The global sales of all vehicles steadily growing over the years, from 75 million in 2010 to 89.7 million in 2015. The growth in sales of vehicles is directly supplementing the growth of fuel delivery and injection systems market.
The global market is expected to garner $86,777 million by 2022, registering a CAGR of 4.26% during the period 2016-2022.By fuel type, diesel systems occupied about half of the market share, in 2015 and is expected to maintain this lead throughout the forecast period. The port fuel injection systems and the direct injection systems injection types, collectively accounted for close to two-third the world fuel delivery and injection systems market in 2015.
The major restraint that can hinder the growth of this market is the increasing emphasis on the production and usage of the electrical vehicles and the supporting governmental policies for greener vehicles. The EV sales has gone great transformation in last few years from just 345 EVs sold in 2011 to about 114 thousand EVs sold in 2015, globally. The demand in EVs shall have regressive effect on the growth of fuel delivery and injection systems market. EVs are gradually having impact on all vehicle segments, outside passenger vehicle segment, further impacting the fuel delivery and injection systems market.
Key Findings of Automotive Fuel Delivery and Injection Systems Market:
- Europe holds the largest market share, registering a CAGR of 4.02% from 2016 to 2022
- Throttle body fuel injection segment is projected to grow at the fastest CAGR of 4.45% from 2016 to 2022
- Alternate fuel segment, is expected to be the fastest growing fuel type segment in the market growing with a CAGR of 4.46%
- Among the different vehicle segments, hybrid vehicle is expected to witness the highest growth during the forecast period
Asia-Pacific and North America show lucrative growth opportunities during the forecast period. Increase in the number of manufacturing facilities in the developing countries of Asia-Pacific coupled with the increasing demand in the region are key drivers for the growth of this region. The major countries contributing in the growth of Asia-Pacific are China, India, Japan and South Korea. However, low cost and the high volume of production of vehicles drives the fuel delivery and injection systems market in North America. In North America, Mexico is expected to record the highest CAGR of 4.76% during the forecast period.
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