The value of the automotive fuel injection system market stood at USD 68.3 Billion in 2023, and this number is projected to reach USD 102.6 Billion by 2030, advancing at a CAGR of 6.1% during the projection period.
This development of the industry can be credited to the rising automobile making and the fact that the majority of the vehicles manufactured are still those with internal combustion engines. Furthermore, the severe guidelines for carbon releases, fuel effectiveness, and power output are fuelling the requirement for these engine components.
The rising sales of supercars and high-performance vehicles are the main reasons propelling the development of this market. These days, performance-centric cars can achieve tremendously high speeds in a short time, for which they are coupled with pioneering drivetrains. With the growing rate of technical growth, the sales of these vehicles will rise continuously, therefore resulting in a rising usage of fuel injectors in engines.
These days, an automobile's electronic fuel injection (EFI) system is an essential part, rather than a new feature. Electronic fuel injection systems are progressively gaining traction due to the growing necessity to ensure the best consumption of fuel.
In this regard, the severe guidelines on fuel effectiveness, such as the Corporate Average Fuel Economy (CAFE), propel the industry. This is the major reason the orthodox carburetors have been nearly entirely substituted by fuel injection systems.
On the basis of components, the fuel injector category is dominating the automotive fuel injection system market. This is mainly because this part plays a vital role in the engine by directly driving fuel into the combustion chamber from the fuel tank, through the fuel pump.
Furthermore, the production of gasoline vehicles has increased compared with diesel and thus there is a growing demand for products. Furthermore, because of the lower emissions and lower maintenance need for gasoline automobiles, the preferences of clientele have changed toward them in the past few years.
APAC is projected to grow at the highest rate during the projection period, mainly due to the rising making of automobiles. Furthermore, the requirement for automotive fuel injection systems is rising in China, India, and Thailand due to the growing requirement for higher mileage and execution of severe emission guidelines. Essentially, the growing buying power in these countries boosts automobile sales.
