NEW YORK , June 1, 2022 /PRNewswire/ -- The "Automotive Fuel Injector Market by Application (passenger vehicle and commercial vehicle) and Geography (APAC, Europe , North America , and South America ) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The automotive fuel injector market share is expected to increase by USD 9.64 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2%. The automotive fuel injector market share growth in the passenger vehicle segment will be significant for revenue generation. The increasing adoption of SUVs by customers is expected to drive the passenger car segment of the global automotive fuel injector market. Consumers are opting for SUVs over other passenger vehicles owing to factors such as their multi-purpose applications, higher comfort, higher ground clearance, and greater in-vehicle space. The availability of inexpensive compact and mini SUVs also contributes to the global demand for SUVs. The increasing demand for SUVs is expected to provide immense growth opportunities for automotive fuel injector vendors in this segment.
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Market Driver - The increasing demand for IC engine vehicles is a major factor driving the global automotive fuel injector market share growth. Internal combustion engines accounted for more than 90%-92% of the passenger car sales in 2019. Although EVs are gaining traction, gasoline-powered vehicles dominate the passenger vehicle segment, thereby driving the demand for IC engine vehicles. Countries such as the US and China are the largest markets for automobiles and still mainly use gasoline-powered vehicles. The increasing demand for sport utility vehicles is also a major factor driving the sales of gasoline-powered cars in China . The increase in demand for SUVs can be primarily attributed to the comfort and safety offered by these vehicles, their off-road capabilities, and their higher seating capacity compared with sedan and hatchback cars. The introduction of low-cost compact and mini SUVs also drives the demand for SUVs. Apart from SUVs, pickup trucks also witnessed positive year-over-year growth and registered an increase of 2% in H1 2019 compared with H2 2018. Therefore, the increase in demand for SUVs will concurrently generate the demand for IC engines and fuel injection systems during the forecast period.
Market Challenges - The slowdown in automobile manufacturing will be a major challenge for the global automotive fuel injectors market share growth during the forecast period. The adoption of shared mobility solutions is increasing globally. The wide availability of shared mobility service providers, high internet penetration, and increasing adoption of smartphones are paving the way for the mass adoption of shared mobility solutions. Factors such as the ease of accessing shared mobility solutions, an increase in fuel price, and the rise in the price of vehicles are driving consumers to prefer vehicle usership over ownership. This has had an adverse impact on the demand for vehicles. High motorization rates in North America and Europe , the increase in tariffs on imported vehicles in the US and China , and the global economic slowdown are likely to reduce vehicle sales in the coming years. Considering the decline in vehicle sales, several vehicle manufacturers are halting vehicle production. Such halts in vehicle production ahead of the decline in sales has adversely impacted the demand for associated components such as automotive fuel injector.
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The automotive fuel injector market report is segmented by Application (passenger vehicle and commercial vehicle) and Geography (APAC, Europe , North America , and South America ). Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the automotive fuel injector market size in each segment.
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The automotive fuel injector market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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The competitive scenario provided in the Automotive Fuel Injector Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Automotive Fuel Injector Market Report - Buy Now!
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Automotive Fuel Injector Market Scope
Accelerate at a CAGR of over 2%
Leading companies, competitive strategies, consumer engagement scope
Aptiv Plc, Carter Fuel Systems LLC, Continental AG, DENSO Corp., EDELBROCK LLC, Hitachi Ltd., Infineon Technologies AG, Keihin Corp., Magneti Marelli CK Holdings Co. Ltd., and Robert Bosch GmbH
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2020 - 2025
5.3 Passenger vehicles - Market size and forecast 2020-2025
5.4 Commercial vehicles - Market size and forecast 2020-2025
7.3 APAC - Market size and forecast 2020-2025
7.4 Europe - Market size and forecast 2020-2025
7.5 North America - Market size and forecast 2020-2025
7.6 South America - Market size and forecast 2020-2025
7.7 MEA - Market size and forecast 2020-2025
11.2 Currency conversion rates for US$
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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