Categories: Automotive

Automotive Fuel Injector Market Size Holds USD 125.18 Billion Potential Till 2032

The global automotive fuel injector market size reached US$ 65.14 billion in 2022 and is predicted to touch US$ 125.18 billion by 2032, with a CAGR of 6.8% from 2023 to 2032.

Automotive fuel injector refers to a component is responsible for the final delivery of fuel in the fuel injection system. High pressure fuel is delivered to the injector that is activated by a fuel injector control module or an engine control unit. When activated, the injector momentarily opens a valve that permits a precise amount of fuel to move into the combustion chamber. The fuel injector comprises of a valve that is opened by means of either fuel pressure or an electric solenoid valve. The amount of fuel to be injected in the cylinder depends on the timing of the valve opening. The injector is an alternative source of fuel injection for the carburetor, in which fuel is drawn because of the downward stroke of the piston. While, in case of an injector, the fuel is injected at a high pressure, by using a fuel pump.

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Automotive Fuel Injector Market Growth Factors

Fuel injectors are a precise way of performing atomization, mixing, and injection of fuel inside the cylinder. The need for varying air-fuel mixture requirements, as per the condition of loading and speed, is satisfied by the injectors besides this the carburetors are not capable to perform the same. The injector supplies a definite amount of fuel according to the requirement that increases the overall efficiency of the engine. The above-mentioned factor contributes as the key factor that drives the market for automotive fuel injector.

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On the other hand, shorter lifespan of injectors compared to the carburetors along with their higher cost are the main factors expected to restrict the market growth for the automotive fuel injector. Furthermore, repair of an injector is very critical. Apart from this, the rate of total unburnt hydrocarbons rises because of direct injection of the fuel that leads to increase in pollution.

Report Scope of the Automotive Fuel Injector Market

Report Highlights	Details
Market Size in 2023	USD 69.25 Billion
Market Size by 2032	USD 125.18 Billion
Growth Rate from 2023 to 2032	CAGR of 6.8%
Fastest Growing Market	North America
Largest Market	Asia Pacific
Base Year	2022
Forecast Period	2023 to 2032
Segments Covered	Vehicle Type, Pressure Range, Mounting, Fuel Injected, Type of Nozzle, Activating Source, Sales Channel, Regional Outlook

Report Highlights

The Asia Pacific witnessed the leading value share across the global market as well as encountered to be the fastest growing region over the analysis timeframe due to the increasing automotive production
North America registers notable rise in the demand for fuel injection system particularly in the commercial vehicles due to prominent increase in the e-commerce business
Passenger vehicles led the global automotive fuel injector market owing to its high production rate of nearly 75% out of the total vehicle production
Commercial vehicles expected to witness profound growth over the forecast period attribute to the flourishing growth of e-commerce and retail business
Based on mounting, multiport & direct fuel injector is widely preferred in most of the diesel and gasoline engines as it directly injects the fuel inside the cylinder
Earlier central port injectors were preferred for injecting fuel into the cylinder intake valve. In this injection system the fuel is injected through a single maxi injector.
On the basis of type of nozzle, multi-hole nozzle expected to witness profound growth during the forecast period particularly in the advanced vehicles
By sales channel, Original Equipment Manufacturer (OEM) led the global market owing to significant number of contract between automotive manufacturers and the OEMs
Aftermarket expected to generate more revenue for per unit sales of fuel injector

Regional Snapshots

The Asia Pacific led the global automotive fuel injector market with the highest value share owing to significant demand for personal transportation in the region. In addition, the region anticipated to witness flourishing growth over the forecast timeframe. This is mainly attributed to the rising purchasing power of people, higher percentage of global population compared to other regions, and supportive policies of regulatory bodies for emission standards. Countries such as China, India, Japan, Korea, Thailand, and other Asian countries have circulated to emission standards across the country to curb the alarming rate of air pollution in the region.

Key Players & Strategies

The global automotive fuel injector market is dominated by some of the major market players. These industry participants invest prominently in the research & development (R&D) activity to gain significant share on the global scale along with maintaining their market foot print. Merger & acquisition, partnership, collaboration, and joint venture are some of the common growth strategies adopted by the market players to establish their competitive edge. Consumer preference for automotive industry is highly variable along with timely changing norms regulatory bodies have forced the fuel injector manufacturers to invest significantly in the R&D sector.

Some of the key players operating in the market are Continental AG, Robert Bosch GmbH, Hitachi Ltd., Delphi Automotive LLP., Infineon Technologies AG, DENSO CORPORATION, Woodward, Inc, Keihin Corporation, and Magneti Marelli S.p.A. among others.