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(I-AutoNewsWire.com, September 12, 2017 ) Publisher market research analysts estimate the global market for automotive fuel injectors to post a moderate CAGR of approximately 3% by 2020. The growing need to control vehicle emissions and to increase the overall fuel efficiency of automobiles is expected to impel the adoption of fuel injectors in the automotive industry during the forecast period.
The advent of stringent fuel economy and emission norms is expected to act as the key driver for the growth of this market. The augmented need to reduce oil dependency and emissions from automotive vehicles is predicted to bolster market growth as it necessitates the adoption of fuel injectors by vehicle manufacturers.
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Segmentation by vehicle type and analysis of the automotive fuel injector market
Light commercial vehicles
Heavy commercial vehicles
In this global market research, analysts have estimated the passenger cars segment to lead the global market for automotive fuel injectors during the forecast period. This segment currently accounts for more than 58% of the total market share and is estimated to retain its dominating hold over the market by 2020 owing to the augmented demand for passenger cars from across the globe.
Geographical segmentation of fuel injector market in automotive industry
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Geographically, the APAC region is estimated to be the largest market for automotive fuel injectors during the forecast period. This region currently accounts for a market share of more than 52% and factors like the high penetration of diesel-based automobiles in this geography are expected to enhance further the prospect for market growth during the forecast period.
Competitive landscape and key vendors
The global automotive fuel injector market is fragmented due to the presence of well-diversified global and regional players. The competitive environment of this market is likely to intensify with an increase in R&D innovations in the coming years. The market is also expected to experience a growing trend of local acquisitions by the leading players. The key players in the market are expected to diversify their geographical presence with a focus on APAC during the forecast period.
The leading vendors in the market are -
The other prominent vendors of the market include Eaton, Hyundai KEFICO, Stanadyne Holdings, SMP OE, Infineon Technologies, Keihin, and STMicroelectronics.
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