Automotive Fuel Injector Global Market Report 2024

The automotive fuel injector market size has grown strongly in recent years. It will grow from $65.88 billion in 2023 to $71.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to factors such as fuel efficiency regulations, the demand for enhanced performance, requirements for emissions reduction, the shift from carburetors to injectors, and improvements in engine design.

The automotive fuel injector market size is expected to see strong growth in the next few years. It will grow to $96.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to factors such as emission norms and regulations, the integration of hybrid and electric vehicles, the demand for lightweight components, the rise in vehicle production, and advanced engine designs. Major trends in the forecast period include technological advancements in fuel injection, enhanced efficiency and precision, the dominance of direct injection, multi-hole injector designs, and compact and lightweight injectors.

The automotive fuel injector market is anticipated to experience significant growth due to the escalating demand for passenger vehicles. Passenger vehicles, designed for transportation of up to nine individuals including the driver, rely on fuel injectors to ensure efficient engine operation by delivering fuel effectively. Notably, in February 2023, the European Automobile Manufacturers' Association (ACEA) reported a global production of over 68 million passenger vehicles in 2022, marking a 7.9% surge from the preceding year. Likewise, North American auto production experienced a noteworthy uptick of 10.3%, reaching 10.4 million units in 2022. Hence, the burgeoning demand for passenger vehicles serves as a primary driver for the growth of the automotive fuel injector market.

The automotive fuel injector market is poised for expansion owing to an amplified focus on fuel efficiency. Fuel injectors play a pivotal role in optimizing fuel utilization by precisely controlling fuel injection timing and volume. They facilitate variable injection timing, accommodate leaner fuel mixtures, curtail carbon dioxide (CO2) emissions, integrate with sophisticated engine management systems, and support emerging technologies, ultimately enhancing throttle response. Demonstrating this, a report from LendingTree in August 2023 highlighted a consistent improvement in fuel economy. Over the last three decades, the average fuel efficiency of all vehicles has surged by 101.5%, climbing from 13.1 to 26.4 mpg. Notably, cars' fuel economy exhibited a substantial 146.7% increase during this period, escalating from 13.5 to 33.3 mpg. Hence, the amplified emphasis on fuel efficiency and emissions reduction acts as a key driver fostering the growth of the automotive fuel injector market.

Product innovation stands as a pivotal trend garnering traction within the automotive fuel injector market. Renowned companies within this sector are prioritizing the development of novel products to fortify their market presence. An illustration of this trend is Stanadyne, a US-based manufacturer specializing in fuel pumps and injectors, which unveiled a revolutionary gasoline direct injection (GDI) fuel injector capable of generating 1,000 bars of pressure in December 2021. Demonstrating remarkable innovation, this injector has outperformed its initial benchmarks by an impressive 20%, attaining 1,200 bars of fuel pressure during preliminary testing. Its adaptable design caters to fuel systems spanning pressures from 350 to 1,000 bars, seamlessly integrating with existing engine architectures. This groundbreaking technology in high-pressure direct gasoline injection signifies a substantial leap forward for the industry.

Key players in the automotive fuel injector market are channeling their efforts towards innovative solutions such as sophisticated electronic fuel injection systems to drive market revenues. These electronic systems, controlled by an engine control unit (ECU), are prevalent in modern vehicles due to their ability to enhance engine performance, diminish emissions, and optimize fuel efficiency. A case in point is Holley Inc., a US-based manufacturer of high-performance automotive aftermarket products, launching the Sniper 2 EFI in August 2023. This system offers a straightforward, self-tuning EFI conversion designed for standard 4-barrel carburetors. Equipped with Holley's quick-start feature, users can effortlessly activate their Sniper EFI system with a simple turn of the key. Featuring a simplified installation requiring only four electrical connections, this user-friendly system significantly reduces complexity and installation time. The introduction of the Sniper 2 EFI by Holley underscores the company's commitment to innovation for its existing and prospective customer base.

In April 2021, Argonne National Laboratory, a US-based science and engineering research center, collaborated with Cummins Inc., Convergent Science Inc., and Sandia National Laboratories. This partnership aims to develop predictive tools that manufacturers can use to produce future engines more rapidly and affordably. The collaboration leverages high-performance computing technologies to provide predictive engine simulations. The focus is on creating a method that dynamically combines internal flow and spray generation models, connecting them to complete engine simulations for a more precise depiction of the near-nozzle region. Cummins Inc. is a US-based company specializing in engines, filtration, and power generation products, while Convergent Science Inc. focuses on the development of computational fluid dynamics (CFD) software for engineering simulations. Sandia National Laboratories is a US-based research and development facility.

Major companies operating in the automotive fuel injector market report are Robert Bosch GmbH, Siemens AG, Denso Corporation, Continental AG, Eaton Corporation PLC, Hitachi Astemo Ltd., STMicroelectronics N.V., BorgWarner Inc., Infineon Technologies AG, Marelli Holdings Co. Ltd., Westinghouse Air Brake Technologies Corporation, Woodward Inc., TI Fluid Systems Plc., Aisan Industry Co. Ltd., Standard Motor Products Inc., Holly Inc., Stanadyne LLC, Carter Fuel Systems, SARD Co. Ltd., Edelbrock LLC, Aeromotive Inc., GB Remanufacturing Inc., Wilson Manifolds Inc., ASNU Corporation Europe Ltd., Fuel Injector Clinic, DeatschWerks LLC, TLF Performance Parts, Tomei Powered Inc., Delphi Technologies, Hyundai KEFICO Corporation.

Asia-Pacific was the largest region in the automotive fuel injector market in 2023. North America is expected to be the fastest-growing region in the automotive fuel injector market report during the forecast period. The regions covered in the automotive fuel injector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive fuel injector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of automotive fuel injectors include throttle body injection, multipoint fuel injection, and others. Throttle-body injection involves a fuel-injection system where a throttle-body injector distributes fuel to a central position within the engine's intake manifold. Fuel injectors cater to different fuel types, including diesel and gasoline, and are categorized based on pressure, such as high-pressure injectors and low-pressure injectors. These products are available through various channels, including original equipment manufacturers (OEM) and the aftermarket, and are utilized in applications such as passenger cars, light commercial vehicles, and heavy commercial vehicles.

The automotive fuel injector market research report is one of a series of new reports that provides automotive fuel injector market statistics, including automotive fuel injector industry global market size, regional shares, competitors with an automotive fuel injector market share, detailed automotive fuel injector market segments, market trends and opportunities, and any further data you may need to thrive in the automotive fuel injector industry. This automotive fuel injector 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 automotive fuel injector market consists of sales of mechanically controlled fuel injectors, electronically controlled fuel injectors, ignition systems, carburetors, and fuel pumps. 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.