Automotive Fuel Injector Market To Attain Revenue USD 125.18 Bn By 2032

Published Date : 20 Oct 2023

The global automotive fuel injector market revenue was evaluated at USD 65.14 billion in 2022 and is expected to attain around USD 125.18 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.

Automotive Fuel Injector Market Size and Growth Rate 2023 To 2032

Market Overview

An internal combustion engine's fuel injector is a tool that delivers a precise amount of fuel to the combustion chamber. The global automotive fuel injector market includes fuel injectors for various vehicle types, such as trucks, cars, motorcycles, and more, as well as those utilized in gasoline and diesel engines. Associated technology, parts, and services, including maintenance and repair, are also involved.

Being a prominent player in the market, total revenues of Bosch were €88.4 billion. Whereas sales climbed by 12% over the year before or about 10%. Operating EBIT, or earnings for interest and taxes, amounted to 3.7 billion euros. In 2022, Bosch Group will generate sales of 88,201 million euros.

There is a significant market for cars with improved fuel efficiency owing to growing concerns about fuel use and the environment. Modern injectors used in direct fuel injection systems are renowned for optimizing fuel use, which increases mileage. Internal combustion engines (ICEs) are still standard despite the automobile industry's shift to electric and hybrid vehicles. The demand in this industry is further fueled by advanced fuel injection systems, which are essential in hybrid setups and may be employed in EV range extenders. Rising car ownership has resulted from the growth of metropolitan areas and the development of transportation systems in emerging nations, increasing demand for automotive parts such as fuel injectors.

Regional Snapshot

Asia Pacific held the dominating position in 2022 and the region is expected to sustain the growth rate in upcoming years. Over the years, the region has seen a significant increase in automobile production. Rapid urbanization and the growing middle-class population in China and India have increased consumer demand for automobiles. Numerous important international car component manufacturers have been operating in this area.

The lower manufacturing expenses and proximity to the main consumer markets play a vital role in this. Several strict emission limits enforced by regional governments have prompted the introduction of sophisticated fuel injection systems. To satisfy these standards, manufacturers are required to use high-performance injectors. It has a solid and effective supply chain network, making producing and distributing automotive parts such as fuel injectors easier.

In April 2023, according to DENSO CORPORATION, silicon carbide (SiC) semiconductors were used to create the first inverter ever. The new RZ will use this inverter, a component of the eAxle, an electric drive module created by Blue Nexus Corporation. The first electric vehicle battery (EVB) type specifically designed by Lexus will be unveiled on March 30, 2023.

In February 2023, JFE Steel Corporation and IHI Corporation started a demonstration test of an automated transportation system using vehicles that have been modified. The goal is to test every section of the demonstration route by the end of the March 2024 fiscal year.

Automotive Fuel Injector Market Report Scope

Report Coverage Details
Market Revenue in 2023 USD 69.25 Billion
Projected Forecast Revenue by 2032 USD 125.18 Billion
Growth Rate from 2023 to 2032 CAGR of 6.8%
Largest Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa


Market Dynamics

Drivers

Growing demand for transportation

The demand for effective transportation solutions is rising as the world's population grows, especially in metropolitan areas. Due to the increase in vehicle sales and manufacturing, which includes everything from passenger cars to commercial trucks, there is a sizable market for automotive fuel injectors. Because of rising worries about the cost of gasoline and the sustainability of the environment, consumers and businesses are looking for automobiles that offer higher fuel efficiency. Fuel injectors are essential in achieving this economy by distributing gasoline controlled and effectively. The design and technology of engines have undergone constant evolution, creating more effective and potent engines to improve performance and efficiency.

Rising need for light vehicles

As a concern over growing gasoline prices and an awareness of the environment, consumer preferences have changed in favor of smaller, more fuel-efficient automobiles. Compact cars and hybrids are popular light vehicles because they can improve fuel economy and reduce emissions. Another important aspect is the spike in interest in hybrid and electric cars (HEVs and EVs). These vehicles frequently feature cutting-edge fuel injection systems for better combustion and efficiency while switching from internal combustion engines to electric power.

Customers' growing environmental awareness has resulted in a preference for cleaner-burning autos. Fuel injector demand is further increased by the alignment of light vehicles with these sustainability targets due to their intrinsically higher fuel efficiency.

Restraints

Regulatory compliance

Fuel injectors significantly impact vehicle reliability and safety. It must meet unquestionable durability and performance standards to guarantee proper fuel distribution under various operating conditions. These standards call for extensive testing and quality control procedures, which can be time-consuming. Producers from different nations and areas must frequently deal with regulators in the vehicle fuel injector business. It might not be easy logistically and administratively to comply with several standards. This may cause market entry to be delayed or customization prices to rise. Manufacturers may face severe legal repercussions if their products don't meet regulatory requirements. Infractions may result in penalties, product recalls, or even legal action, which can significantly impact a business.

High manufacturing cost

Fuel injectors are complex parts that call for exact engineering. To ensure adequate combustion, they must adhere to specific tolerances and requirements. This level of precision requires sophisticated equipment and specialized workers, both of which drive up manufacturing prices. There are strict quality control requirements in the automotive business. To achieve performance, safety, and emissions standards, every component, including fuel injectors, must pass stringent testing. This increases the overall cost of production because it requires additional infrastructure and resources. Direct injection and improved spray patterns are fuel injection technology advancements requiring extensive research and development expenditures. Because these expenses are dispersed throughout the units, manufacturing costs per unit are more significant.

Opportunities

Technological advancements

Fuel injectors that are more effective and perform better have been created due to technological breakthroughs. The fuel flow and atomization may be accurately controlled using these injectors, resulting in the best possible combustion, better fuel economy, and higher power output, which are essential for buyers and producers. Direct fuel injection system development has represented a significant technological advance. They enable the direct injection of fuel at high pressure into the combustion chamber, enhancing fuel atomization, combustion efficiency, and power production. Both gasoline and diesel engines now use this technology extensively.

Emphasis on reducing emissions from vehicles

Fuel injectors are essential for maximizing the air-fuel mixture ratios, which boosts fuel economy and lowers pollutants. Consumers are becoming more environmentally conscious, and the demand for eco-friendly cars has increased. Automakers are vying to produce automobiles with the lowest emissions to satisfy customer expectations and maintain competitiveness.

Fuel injectors in internal combustion engines, automotive producers, and fuel injector vendors are allocating substantial funds to research and develop advanced injection technologies that will lead to emissions reduction that drives innovation and advances the market, which is because the automotive industry is shifting toward electrification and hybridization. Modern fuel injection technologies, such as direct injection, provide precise control over fuel supply, improving combustion efficiency and lowering emissions.

Recent Developments

  • In January 2023, a producer of high-quality synthetic lubricants under the Royal Purple name has unveiled Max-Restore High Mileage Fuel Treatment. The Max-Restore solution is an extremely concentrated, powerful fuel treatment designed to address performance issues frequently present in vehicles with higher mileage. These problems include decreased fuel efficiency, elevated emissions, wear on the engine, and diminished performance.
  • In February 2022, KEYOU and HOERBIGER decided upon a Joint Development and Distribution Agreement for injectors for hydrogen engines. They inked a partnership agreement to develop, produce, and market injectors for hydrogen engines jointly. The main objective is to create PFI injectors for the outstanding performance heavy-duty market.

Major Key Players:

  • Continental AG
  • Robert Bosch GmbH
  • Hitachi Ltd.
  • Delphi Automotive LLP.
  • Infineon Technologies AG
  • DENSO CORPORATION
  • Woodward, Inc
  • Keihin Corporation
  • Magneti Marelli S.p.A.

Market Segmentation

By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

By Pressure Range

  • High Pressure Injectors
  • Low Pressure Injectors

By Mounting

  • Central Port Injector
  • Throttle Body Injector
  • Multiport & Direct Fuel Injector

By Fuel Injected

  • Diesel Fuel Injectors
  • Gasoline Fuel Injectors

By Type of Nozzle

  • Single-Hole Nozzle
  • Pintle Nozzle
  • Multi-Hole Nozzle
  • Pintaux Nozzle

By Activating Source

  • Hydraulic Unit Injector
  • Electronic Unit Injector

By Sales Channel

  • Aftermarket
  • Original Equipment Manufacturer (OEM)

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