Automotive Fuel Injection System Market Analysis and New Market Opportunities Explored


Posted July 9, 2021 by Rahul_Gautam

Automotive Fuel Injection System Market Research Report with top Players and Growth Opportunity
 
The adoption of vehicles across the globe has risen considerably over the past few years, which can be ascribed to the surging disposable income of people and technological advancements that have reduced the prices of vehicles. While a larger number of people can travel comfortably now, the number of vehicles on roads has risen as well, so much so that traffic congestion is becoming a major problem in cities. Other than this, the pollution levels have increased considerably as well, owing to the increased number of vehicles.

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Owing to these factors, the global automotive fuel injection system market is projected to grow at a considerable pace in the years to come. The growing demand for two-wheelers around the world is also predicted to result in the rising demand for fuel injection systems in the coming years. The demand for two-wheelers is particularly high in Brazil, China, and India, where the requirement for cost-effective means of travelling is high. The rapid urbanization and increasing disposable income of people are also leading to the increasing demand for two-wheelers in emerging economies, which, in turn, is driving the growth of the market.

On the basis of vehicle types, the market is divided into heavy commercial vehicle, passenger car, and light commercial vehicle (LCV), among which, the passenger car division held the largest share of the market in the past, both in terms of value and volume. This is due to the swift urbanization and increasing disposable income of people. Other than this, the LCV division is predicted to progress at the fastest pace during the forecast period.

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This is because of the lower cost of these vehicles as compared to heavy commercial vehicles and their rising adoption by logistics supply chains, majorly in developing nations. LCVs are highly affordable and have enhanced fuel efficiency, which is why their popularity is rising rapidly. Geographically, Asia-Pacific dominated the automotive fuel injection system market in the past, as per a report by P&S Intelligence. The region is further predicted to grow at the fastest pace during the forecast period because of the stringent emission norms and rising vehicle production.

In conclusion, the demand for automotive fuel injection system is growing due to the increasing need for increasing fuel efficiency of vehicles.
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Categories Automotive , Business , Industry
Tags 2021 automotive fuel injection system market , automotive fuel injection system market , automotive fuel injection system market 2021 , automotive fuel injection system market size
Last Updated July 9, 2021