Fuel Injection Systems Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1665
Fuel Injection Systems Market size is set to gain significant traction over 2021-2027. This is due to the capability of various types of fuel injection systems to improve engine fuel consumption and reduce noxious exhaust emissions. Furthermore, advantages of electronic fuel injection systems over conventional carburetor systems, such as increased power output and lower emissions, will drive industry demand in the years ahead.
Fuel injection systems refer to electronically controlled systems used for injecting atomized fuel into the cylinders or intake airstream of internal combustion engines. This system consists of a complex set of electronic components and sensors and depends on fuel injection pumps to control the fuel flow into the combustion chamber.
Escalating sales of petrol cars, despite unprecedented increase in petrol prices , is one of the key trends proliferating fuel injection systems market expansion. In 2020-21, the share of petrol car sales hit a record high of 83% in India. Vehicle manufacturers such as Hyundai Motor held their vehicle production targets in the second quarter of 2021, despite substantial COVID-19 impacts on daily operations, which could further amplify the market share.
However, the high costs of gasoline fuel injection systems and the shifting preference towards electric vehicles for a sustainable future may pose challenges to the steady market growth.
With regards to component, the global fuel injection systems market from the fuel pressure regulator (FPR) segment will exhibit a commendable growth rate through 2027. This strong growth is driven by the ability of the product to increase the efficiency of both fuel and engine components. In addition, rapid installation across various vehicle ranges including carbureted vehicles will further augment the segmental growth over the projected timeframe.
North America fuel injection systems industry is anticipated to register a high revenue by 2027, owing to the significant surge in auto sales in countries including Canada. For example, Fiat Chrysler Canada registered a sales hike of 4% to 46,077 vehicles in the first quarter of 2021, driven by the robust demand for Ram and Jeep pickup trucks.
The competitive landscape of the fuel injection systems market comprises companies such as Magneti Marelli (KKR & Co., Marelli Holdings), Hitachi Limited, Robert Bosch, Continental AG, Aptiv (formerly Delphi Automotive), and Denso Corporation, among others. Strategic product launches and mergers and acquisitions are the key initiatives being employed by these firms to expand their business footprint across the global market.
For instance, in October 2020, Bosch launched highly resilient EVO spark plugs, designed for use initially in modern gasoline direct-injection engines of Mercedes-Benz and Volkswagen vehicles in the Middle East.
Decline in Two-Wheeler Sales During COVID-19 to Assert Impact on Fuel Injection Systems Market Trends:
The ongoing coronavirus pandemic has been posing economic and social challenges across the globe, due to the implementation of strict lockdowns and business closures across myriad industries. The massive increase in infections has led to the deceleration of the manufacturing sector, including that of two-wheeler vehicles. Honda Motorcycle and Scooter India, for example, temporarily halted its vehicle production operations across all its four facilities due to the rising cases of COVID-19.
However, a significant recovery in car sales from the COVID-19-induced slump in countries like the UK is expected to help the fuel injection systems industry regain traction in the coming years. According to the Society of Motor Manufacturers and Traders’ statistics, car factories in the UK turned out 69,097 units in June 2021, showcasing gradual improvement from 2020 levels.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability