Global GDI System Market Size to surpass $10bn by 2024
Published Date: August 29, 2019 Authors: Kiran Pulidindi, Hemant Pandey
Gasoline Direct Injection (GDI) System Market size is set to surpass USD 10 billion by 2024; according to a new research report by Global Market Insights, Inc.
Growing requirement of fuel saving technologies owing to the reducing fossil fuels reserves will drive the GDI system market growth over the study timeframe. Customers are focusing on conventional vehicles with increased fuel economy along with inclination towards low emission products. Strict regulations on vehicle manufacturers to reduce carbon footprints and maintain fuel economy standards will positively influence the volume growth. Innovative technologies for effective engine operations will support the industry proliferation.
Surging international and domestic trading activities across the globe are expanding the vehicle fleet size thereby escalating the GDI system market revenue. Increasing investments by governments for improving the public infrastructure along with expanding roadway connectivity across the globe will augment the product demand. Further, the presence of multiple car service providers focusing on expanding distribution network to cater the growing consumer demand will contribute significantly towards the industry growth.
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Industry participants are engaged in strategic investments for expanding their manufacturing facilities to enhance production capabilities. For instance, in January 2015, DENSO corporation announced investment of around USD 85 million for the expansion of production plant in North America to increase their gasoline direct injection (GDI) product capability. This expansion will help to support the growing consumer demand, and to meet the stringent fuel efficiency standards.
Emerging regulations for reducing vehicle emissions is escalating the gasoline direct injection system market growth. Regulatory authorities including the United States Consumer Product Safety Commission (CPSC), National Highway Traffic Safety Administration (NHTSA) and U.S. Environmental Protection Agency (EPA) establish multiple emission and fuel economy standards. These norms for maintaining greenhouse gas (GHG) emissions and controlling the air quality will escalate the industry size over the study timeline.
Shifting inclination towards use of battery electric vehicles and manufactures focusing on development of fuel cell electric vehicle will considerably restrain the industry growth. Further, high production costs owing to design complexity, efficient functioning and reliability is restricting the market value.
Browse key industry insights spread across 110 pages with 71 market data tables & 50 figures & charts from the report, “Gasoline Direct Injection (GDI) System Market Size By Component (Electronic Control Units, Fuel Injectors, Fuel Pumps, Sensors), By Application (Passenger Car [PC], Commercial Vehicle [CV]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
The fuel injector segment will register considerable growth in the GDI system market size wing to efficiency provided by the equipment in controlling the vehicles operations. High accuracy in maintaining the air-fuel mixture and providing reduced exhaust emission will propel the segment growth in the projected timeframe. Specially designed injector nozzle aids in efficient fuel spray in the engine providing superior fuel combustion as compared to the other fuel injection systems.
Commercial vehicle segment will witness significant share over the forecast timeframe owing to the proliferating logistics industry. Increasing transportation activities through roadways will proliferate the segment growth. Further, rising construction, recreational and mining operations across the globe will escalate the industry expansion. Reduced vibration and enhanced reliability provided by such vehicle supports the segment penetration over the study timeline.
Asia Pacific gasoline direct injection system market size will account considerable growth over the forecast period owing to rising establishment of new manufacturing plants, commercialization, and adoption of technological advanced vehicles. Countries including China, India and Japan with high concentration of industry participants will further proliferate the industry size. OEMs are engaged in regional expansion by increasing their operational facilities. For instance, in March 2019, in Japan, Daimler AG inaugurated product design center offering large scale modernization, advanced functional design center and improved working environment.
Key industry players in the market include Robert Bosch GmbH, Delphi Automotive LLP, Continental Corporation Gmbh, DENSO Corporation and Eaton Corporation. Industrial participants are involved in providing services for customers to enhance their revenue generation. For instance, in October 2018, Delphi Technologies announced the expansion of service program including GDI testing equipment. This will provide customers with increased service offering and improved product solutions.
The gasoline direct injection (GDI) system market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2013 to 2024, for the following segments:
- Electronic Control Units
- Fuel Injectors
- Fuel Pumps
- Passenger Cars (PC)
- Commercial Vehicles (CV)
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa