Fuel Injection System Market Size (2023 – 2030)

The Global Fuel Injection System Market was valued at USD 80.45 billion and is projected to reach a market size of USD 158.77 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 10.2%.

Because the performance of the engine depends on the efficiency of the fuel injection system, which must supply, meter, inject, and atomize the gasoline, it is the most crucial component of the engine mechanism. Fuel injection systems come in a variety of configurations nowadays. Each system has unique characteristics that, depending on the perspective, improve its performance. Studying an injection system's features in light of an engine's specifications and design is important before implementing any of these systems in a specific engine. The primary end-user industries in this market are the automotive, aviation, defense, and mining sectors. An internal combustion engine's fuel injection system uses pressure from a pump to combine air and fuel. The combustion process is greatly influenced by the fuel injection system, which is also essential for enhancing engine fuel efficiency and lowering exhaust pollutants. The fuel injection system's dependability and performance are crucial factors in engine performance. It aids in carbon emission management and engine efficiency maintenance.

Global Fuel Injection System Market Drivers:

In addition to gasoline direct injection's rising popularity, efforts are being made to increase fuel efficiency:

Better gas mileage and fewer carbon dioxide emissions are more important than ever in the automotive industry. As a result, a wide range of cutting-edge technologies has been used by the automobile industry to satisfy performance goals while keeping economical fuel usage. Top automakers employ petrol direct injection (GDI) in the fuel injection system industry due to its unrivaled ability to boost engine power and control dangerous combustion byproducts. According to the Office of Energy Efficiency and Renewable Energy, the majority of models utilized petrol direct injection (GDI), with 55.2 percent of cars and 47.3 percent of light trucks utilizing this technology. This provides proof that petrol direct injection is the way of the future for contemporary engines. Its continued quick growth has also fueled the growth of the market for fuel injection systems.

The pairing of intelligence with low fuel consumption is another development that has impacted the adoption of electronic fuel injection systems:

The electronic fuel injection system in a car is now a commonplace addition rather than a futuristic addition. Due in significant part to the growing requirement to maintain optimal fuel consumption, which ensures high-scale efficiency under all operating situations, electronic fuel injection (EFI) systems are growing in popularity. Even for the most basic models, the most prominent automakers in the world are increasingly using electronic fuel injection systems. Additionally, the popularity of electronic fuel injection systems is probably due to the growing number of government initiatives to raise pollution requirements.

Global Fuel Injection System Market Challenges:

The decline in vehicle production will provide a significant obstacle to the expansion of the worldwide market for fuel injectors:

Globally, shared mobility solutions are becoming more popular. The widespread accessibility of shared mobility service providers, the high rate of internet usage, and the rising popularity of smartphones are enabling the widespread use of shared mobility solutions. Consumers are choosing vehicle usage over car ownership due to factors including the ease of accessing shared mobility options, rising fuel prices, and rising vehicle prices. The demand for autos has suffered as a result. Vehicle sales in the upcoming years are projected to decline due to high motorization rates in North America and Europe, rising import taxes in the US and China, and the slowing global economy. Several automakers are stopping production of vehicles due to the drop in car sales. The demand for related components like automobile fuel injectors has been negatively impacted by such halts in car manufacturing before the drop in sales.  

COVID-19 Impact on Global Fuel Injection System Market:

One of the businesses that has suffered because of the economy and consumer behavior is the automotive industry. 2019 witnessed a decline in the production of new cars in several parts of the world, including significant markets like Germany, China, and India. The industry had hoped for a comeback in 2020 to fill the hole left by the COVID-19 outbreak, but the pandemic has destroyed those hopes and, owing to its extensive effects, has produced a frightening situation for industry stakeholders. The industry for automotive fuel systems is an exception, and it is anticipated that it will proceed in a manner akin to that of new vehicle manufacturing.

Global Fuel Injection System Market Recent developments:

• In September 2021: Green fuel injections were created by Woodward L'Orange, a fuel injection specialist. A new line of PtX fuel injectors created by Woodward L'Orange can be utilized with a variety of novel fuels, including hydrogen, methane, ammonia, and methanol.

• In May 2021: An MOU was signed between Landi Renzo Group, a designer, producer, and distributor of CNG, LNG, and hydrogen components and systems, and FPT Industrial, a maker of low-impact sustainable engines, to aid in the growth of innovative fuel injection and management systems.

FUEL INJECTION SYSTEM MARKET REPORT COVERAGE:

Global Fuel Injection System Market Segmentation: By Vehicle Type

• Passenger Vehicles

• Commercial Vehicles

• Heavy Trucks

• Buses

• Two-Wheelers

The market is divided into categories for passenger cars, commercial vehicles, heavy trucks, buses, and two-wheelers based on the type of vehicle they are. Among them, the passenger car sector is anticipated to dominate and grow at the quickest rate in the market for fuel injection systems.  In addition, rising urban incomes, technological developments, rising transportation costs, a preference for comfort, and a rise in the supply of hi-tech, highly safe passenger automobiles are all contributing elements to the market's profitable expansion.

Global Fuel Injection System Market Segmentation: By Engine Type

• Gasoline Engines

• Diesel Engines

The diesel engine and gasoline engine. Due to rising concerns about fuel economy, rising fuel costs, and environmental rules regulating vehicle exhaust gas, petrol engine technology now dominates the market. The most popular section is the petrol engine since it uses less fuel and emits less exhaust gases.  In rich and emerging nations alike, this technique has begun to overtake port fuel injection technology in favor. Throughout the projected period, the diesel engine system is anticipated to increase steadily. Additionally, the market's expansion is driven by the increase in automobiles with petrol and diesel engines.

Global Fuel Injection System Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

Due to rising vehicle manufacturing, the Asia-Pacific region is anticipated to see the quickest increase throughout the projection period. Additionally, as a result of rising purchasing power, the need for highly fuel-efficient vehicles, and the implementation of strict petrol emission regulations by national governing bodies, the demand for fuel injection systems is rising in nations like China, India, and Thailand, which further stimulates the industry's expansion. Due to strict regulations put in place by the government regarding emissions brought on by diesel vehicles, as well as strong after-sales demand, it is projected that Europe will have consistent development over the projection period. Furthermore, these strict regulations stimulate manufacturers to create high-tech automotive components. As a consequence, it has been assumed that the total demand for the vehicle fuel injection market in this area is led by France, the UK, and Germany. As a result of the significant use of fuel injection systems in passenger cars, especially trucks, which make up the majority of this area, North America is predicted to have consistent growth throughout the projected period. Additionally, growing off-road vehicle usage and rising buying power fuel the expansion of the global fuel injection system market.

Key Players:

1. Robert Bosch GmbH

2. Delphi Automotive PLC

3. Denso Corporation

4. Hitachi Limited

5. Carter Fuel System

6. Edelbrock, LLC

7. NGK Spark Plug Co., Ltd.

8. Magneti Marelli

9. Infineon Technologies AG

10. Keihin Corporation