February 16, 2016 - 12:00 PM EST
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Global Automotive Fuel Injector Market to Produce over 400 Million Units by 2020, According to Technavio

According to Technavio’s latest report, the global automotive fuel injector market is likely to grow at a CAGR of over 3% during the forecast period.

A fuel injector is primarily used to enhance fuel efficiency, reduce emission levels, and enhance engine performance. Growing concerns about fuel efficiency and stringent fuel emission regulations should help the growth of the market during the forecast period.

According to Vinay Hirakki, a lead research analyst at Technavio for automotive components, “With the western and European markets returning to pre-recession levels with the stabilizing of the economy, demand for automobiles is expected to increase. This will further intensify demand for fuel injectors.

In this report, Technavio covers the present scenario and growth prospects of the global automotive fuel injector market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top three vendors operating in the market. The market is segmented into the following regions:

  • APAC
  • EMEA
  • Americas

APAC: largest market for automotive fuel injectors

The automotive fuel injector market in APAC is expected to produce over 221 million units by 2020, growing at a CAGR of over 3%.

Countries in APAC are developing into global hubs for automotive components, as many global OEMs are shifting manufacturing operations to this region. For instance, Daimler is manufacturing trucks in India under the brand name Bharat Benz. Volvo has entered the Indian market with Eicher trucks and buses. In China, Volvo is participating in a joint venture with Dongfang Commercial Vehicles.

The demand for fuel injectors is mainly propelled by China, which is the largest market for vehicles in the region. India is expected to be one of the fastest-growing automotive fuel injectors markets in the world. This growth stems from the high penetration of diesel vehicles and rising demand for passenger cars and HCVs.

“In addition, governments in these countries have mandated OEMs to issue fuel consumption data for vehicles and obtain the necessary approvals from authorities. This will also contribute to the growth of the global automotive fuel injector market in APAC,” says Vinay.

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EMEA: stringent emission norms boost growth

The automotive fuel injector market in EMEA is expected to produce over 98 million units by 2020, growing at a CAGR of over 3%.

The market for fuel injectors is driven by the growing adoption of stringent emission norms stemming from rising health and environmental concerns, rise in oil prices, and scarcity of oil reserves. In addition, initiatives by European governments to enhance fuel efficiency and to reduce carbon emissions are propelling the growth of the market.

The enforcement of regulatory standards has been crucial to the growth of the fuel injector market in Europe in the recent years.

Americas: fuel economy regulations favor growth

The automotive fuel injector market in the Americas is predicted to produce an estimated 93 million units by 2020, growing at a CAGR of over 2%.

Fuel injector sales in the region are driven by the current rule of corporate average fuel economy, which has mandated an average of 29 mpg and should rise to 35.5 mpg by the end of 2016. These rules have been implemented with a view to reduce dependency on fossil fuels.

The market is also expected to grow because of increased sales of commercial vehicles in North America and the fact that Mexico and Canada have emerged as significant manufacturing hubs for many OEMs.

Key Vendors:

  • Delphi
  • Continental AG
  • Denso

Some of the other prominent vendors listed in the report are: Eaton, Hyundai KEFICO, Stanadyne Holdings, STMicroelectronics, SMP OE, Keihin, and Infineon Technologies.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
[email protected]

Source: Business Wire (February 16, 2016 - 12:00 PM EST)

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