The global automotive fuel injection system market was valued at $59.6 billion in 2015, and is forecast to reach $101.5 billion by 2022, witnessing a 7.9% CAGR during 2016–2022. Among all vehicle types, passenger car is the largest category in the market, in terms of volume and value.
The increasing urbanization and rising disposable income are the significant growth drivers for the passenger car category in the automotive fuel injection system market. Emerging economies, such as India, China, and Brazil, offer substantial opportunities for further growth of the category in the market.
Increasing Two-Wheeler Market for Fuel Injection System Offers Lucrative Opportunities for Market Players
The increasing two-wheeler market is producing growth opportunities for manufacturers in the automotive fuel injection system market in different countries, such as China, India, and Brazil. The two-wheeler industry in India has witnessed a double-digit volume growth during the past few years. Different countries have different norms and different levels of dependency on various fuels for transportation. For instance, Brazil is highly dependent on ethanol-based transport fuels, which creates the demand for different designs and systems for two-wheelers. It is one of the major markets for two-wheelers, which also makes it an important region for the related components in this industry. The increasing two-wheeler market in these countries is expected to create immense opportunities for the vendors in the market for two-wheeler fuel injection system
Competitive Landscape of Automotive Fuel Injection System Market
The global automotive fuel injection system market is dominated by international players, including Continental AG, Denso Corporation, Robert Bosch GmbH, Delphi Automotive PLC, Magna International Inc., Hitachi Ltd., Mikuni Corporation, SHW AG, and Johnson Electric.
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In recent years, several players have been involved in strategic measures, such as product launches, in the automotive fuel injection system market. For instance, in November 2015, Robert Bosch GmbH added 70 new part products to its offerings, which included automotive fuel pumps, oxygen sensors, brakes, engine management sensors, and spark plugs. The company expanded its original equipment (OE) fuel pump catalog for the aftermarket with the addition of 15 new fuel pumps and modules, thereby catering to over 1.3 million domestic and Asian vehicles.
This post was originally published on Financial Sector