Fuel Injection Systems Global Market Report 2024

The fuel injection systems market size has grown rapidly in recent years. It will grow from $81.52 billion in 2023 to $91.7 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The expansion observed in the historical period can be attributed to stringent emission standards, demands for fuel efficiency, market competition, and innovation, consumer preferences for performance, and the rise of electronic control units (ECUs).

The fuel injection systems market size is expected to see rapid growth in the next few years. It will grow to $139.28 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The anticipated growth in the forecast period can be attributed to the global transition to electric vehicles, the ongoing stringency in emission regulations, the growth of hybrid and plug-in hybrid vehicles, integration with vehicle connectivity and autonomy, and research and development investments in advanced materials and design. Major trends expected in the forecast period include technological advancements in the automotive sector, a rising demand for fuel efficiency, a shift towards direct injection technology, the adoption of gasoline direct injection (GDI), and advancements in material and manufacturing technologies.

The fuel injection systems market is expected to witness growth, primarily driven by the increasing vehicle production. Fuel injectors play a crucial role in injecting fuel into engine cylinders with precise adjustments. The European Automobile Manufacturers Association notes a 1.3% rise in global automobile production in 2021. This upward trend in vehicle production is a key factor propelling the growth of the fuel injection systems market.

The fuel injection systems market is poised for growth, propelled by the global concern for environmental issues. Increased awareness of environmental challenges has led to the establishment of stringent emission standards by governments and international bodies. To meet these standards and combat air pollution, cleaner technologies such as advanced fuel injection systems are being developed and adopted. The United States Environmental Protection Agency (EPA) emphasizes its commitment to reducing pollutant emissions and enhancing air quality through comprehensive reports such as "Our Nation's Air," covering trends up to 2021.

The fuel injection systems market is witnessing a key trend of product innovation. Companies operating in this market are focused on innovation to maintain their competitive position. For instance, in December 2021, Stanadyne LLC, a US-based manufacturer of fuel pumps and injectors, launched the 1000 Bar GDI, providing customized solutions for homogeneous and stratified direct injection engines. This fuel injector offers an effective magnetic architecture and reduces over-fueling during injection-opening action, allowing quick transitions between different connector designs with its modular systems architecture.

Major companies are concentrating on the development of electronic fuel injection systems such as the Sniper 2 EFI to maintain their market positions. The Sniper 2 EFI, an electronic fuel injection system, is designed for easy installation and self-tuning, serving as a convenient EFI conversion option for commonly used 4-barrel style carburetors. For instance, in August 2023, Holley Inc., a US-based automotive company, introduced Sniper 2 electronic fuel injection (Sniper 2 EFI), marking the progression of its Sniper product line. Initially unveiled in 2016, the Sniper line pioneered the incorporation of modern Electronic Fuel Injection (EFI) into vehicles originally equipped with carburetors.

In May 2023, Accelleron Industries AG, a Switzerland-based company involved in the development, manufacturing, sales, and servicing of turbochargers and digital solutions, acquired OMT for an undisclosed sum. This acquisition strengthens Accelleron's core business, enhancing its financial profile with sustained revenue growth, robust margins, and strong cash flow. OMT, a US-based manufacturer of fuel injection systems for marine engines, becomes a valuable addition to Accelleron's portfolio.

Major companies operating in the fuel injection systems market report are Robert Bosch GmbH, Siemens AG, Denso Corporation, Continental AG, Cummins Inc., Eaton Corporation PLC, BorgWarner Inc., Infineon Technologies AG, Maruti Suzuki India Limited, Hitachi Automotive Systems Ltd., Autoliv Inc., Tata AutoComp Systems Limited, TI Fluid Systems PLC, Woodward Inc., Weifu High-Technology Group Co. Ltd., Mikuni Corporation, Delphi Technologies PLC, Napino Auto & Electronics Limited, Holley Performance Products Inc., Walbro LLC, NGK Spark Plug Co. Ltd., Keihin Corporation, Winterthur Gas & Diesel Ltd., Stanadyne LLC, dynaCERT Inc., Magneti Marelli S.p.A., Carter Fuel Systems LLC, Edelbrock LLC, Ucal Fuel Systems Limited, Rochester Gauges International LLC, ASNU Corporation Europe Ltd.

Asia-Pacific was the largest region in the fuel injection systems market in 2023. The regions covered in the fuel injection systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fuel injection systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The key components of fuel injection systems include electronic control units, fuel injectors, pressure regulators, sensors, and fuel pumps. The electronic control unit is a small component within a car's body responsible for managing specific operations, particularly in fuel injectors, which govern the injection of gasoline and, in the case of gasoline engines, the ignition timing of the spark. Various vehicle types, including two-wheelers, passenger vehicles, heavy vehicles, and others, utilize fuel injection systems, accommodating different engine types such as gasoline, petrol engine, diesel engines, and other engine variants. These systems incorporate diverse technologies such as direct and multi-point injection. Distribution of these components occurs through various channels, including original equipment manufacturers (OEM) and the aftermarket.

The fuel injection systems market research report is one of a series of new reports that provides fuel injection systems market statistics, including fuel injection systems industry global market size, regional shares, competitors with a fuel injection systems market share, detailed fuel injection systems market segments, market trends, and opportunities, and any further data you may need to thrive in the fuel injection systems industry. This fuel injection systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fuel injection systems market consists of sales of direct injection, throttle body injection, semi-direct injection, pump-line-nozzle, unit injector, single-point fuel injection, multi-point fuel injection, sequential fuel injection, and direct fuel injection. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.