市場調查報告書
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1459331
全球燃油噴射系統市場 - 2024-2031Global Fuel Injection Systems Market - 2024-2031 |
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概述
全球燃油噴射系統市場將於 2023 年達到 795 億美元,預計到 2031 年將達到 1,717 億美元,2024-2031 年預測期間複合CAGR為 10.3%。
由於旨在降低汽車排放的嚴格規定,燃油噴射系統的需求越來越大。這些系統增強了對燃料供應的控制,排放量減少,燃燒更加清潔。由於監管法規和客戶對更節能汽車的需求所施加的燃油效率標準不斷提高,燃油噴射系統的使用正在增加。該系統有助於最佳化燃油輸送,提高車輛整體效率。
主要參與者透過推出新產品在全球推廣燃油噴射系統的措施日益增多,有助於推動全球燃油噴射系統市場在預測期內的成長。例如,2024 年 2 月 5 日,澳洲公司 Excess Injectors 透過 Summit Racing Equipment 在北美推出了燃油噴射器。新推出的產品有助於滿足消費者對燃油噴射系統的需求。
由於汽車行業的快速成長,亞太地區在燃油噴射市場佔據主導地位。根據國際貿易協會2023年的統計數據,中國無論是年銷售量或整車製造量均位居全球汽車市場首位。到2025年,中國國內汽車產量將接近3,500萬輛。中國汽車銷量約2,600萬輛,其中乘用車2,148萬輛,較2020年成長7.1%。
動力學
日益成長的環境問題和嚴格的政府法規
在全球範圍內,各國政府實施了越來越嚴格的法規,以降低碳排放並改善空氣品質。為了幫助汽車滿足污染法規,燃油噴射系統對於最大限度地提高燃油供應、空氣-燃油混合物和燃燒效率至關重要。消費者和社區對環境的日益關注激發了對更清潔、更省油的汽車的渴望。
燃油噴射系統是減少交通運輸對環境影響的重要組成部分,因為它們提供準確的燃油供應和高效的燃燒,有助於減少排放。全球能源相關排放量成長 0.9%,達到創紀錄的 36.8 噸。能源燃燒排放增加423公噸。2022 年,二氧化碳排放成長明顯低於全球GDP成長3.2%,標誌著排放與經濟成長脫鉤的長期趨勢回歸。2021 年排放量大幅反彈。與前十年的平均值相比,能源使用二氧化碳強度的改善速度略有放緩。
全球汽車產量不斷成長
隨著汽車製造的成長,對燃油噴射系統的需求也隨之增加。當今道路上的大部分汽車均由內燃機提供動力,這些系統是內燃機的關鍵部件。汽車產量的提高直接意味著對燃油噴射系統的更高需求。燃油噴射系統主要由原始設備製造商使用,他們在生產過程中將其整合到新車中。原始設備製造商需要更多的燃油噴射系統,以滿足現有市場和新市場因汽車產量不斷成長而不斷成長的汽車需求。
ACEA提供的資料顯示,2022年全球汽車產量為8,540萬輛,較2021年成長5.7%。其中中國汽車產量為2,722.2萬輛。 2022 年,歐洲生產了約 16,391 萬輛汽車,北美生產了 14,901 萬輛汽車。中東是汽車生產量最少的地區,產量為 2,294 萬輛。
越來越多的消費者轉向電動車 (EV)
隨著越來越多的消費者尋找電動車,對配備燃油噴射系統的傳統內燃機汽車的需求減少。需求減少直接影響燃油噴射系統市場,特別是在電動車採用率較高的地區。由於電動車中的電動馬達通常由電池提供燃料,因此通常不需要燃油噴射系統。隨著電動車市場佔有率的增加,新車中燃油噴射系統的安裝率下降,這對燃油噴射系統的需求產生了額外的影響。
根據Brand Equity Foundation的統計資料,印度政府承諾到2031年新銷售的電動車中30%將是電動車。預計2021年全球電動車市場規模約為2,500億美元,預計2021年全球電動車市場規模將達到2500億美元。市場規模將成長 5 倍,達到 13,180 億美元。隨著電動車市場的成長,對燃油噴射系統的需求減少。
Overview
Global Fuel Injection Systems Market reached US$ 79.5 Billion in 2023 and is expected to reach US$ 171.7 Billion by 2031, growing with a CAGR of 10.3% during the forecast period 2024-2031.
Fuel injection systems have become increasingly more in demand as a result of tightening rules meant to lower car emissions. With the increased control over fuel supply made possible by these systems, emissions decrease and combustion is cleaner. Fuel injection system use is increasing as an outcome of rising fuel efficiency standards imposed by both regulatory regulations and customer demand for more fuel-efficient cars. The systems help optimize fuel delivery, improving overall vehicle efficiency.
The growing initiatives by the major key players to promote fuel injection systems globally by launching new products help to boost global fuel injection systems market growth over the forecast period. For instance, on February 05, 2024, Excess Injectors, an Australia-based company launched its fuel injectors in North America through Summit Racing Equipment. The newly launched product helps to fulfill consumer's demand for the fuel injection system.
Asia-Pacific is dominating the fuel injection market due to the rapid growth in the automotive industry. According to the 2023 statistics provided by the International Trade Association, China has the top position in the global car market concerning both yearly sales and vehicle manufacturing. By 2025, China will have produced almost 35 million automobiles domestically. In China, around 26 million vehicles were sold including 21.48 million passenger vehicles which is an increase of 7.1% from 2020.
Dynamics
Increasing Environmental Concerns and Stringent Government Regulations
Globally, governments have implemented increasingly stringent regulations to lower carbon emissions along with improving air quality. To assist cars fulfill pollution regulations, fuel injection systems are essential for maximizing fuel supply, air-fuel mixture and combustion efficiency. Consumers and the community's increasing concern for the environment is fueling the desire for cars that are cleaner and more fuel-efficient.
Fuel injection systems are essential components of the try to lessen the environmental effect of transportation because they provide accurate fuel supply and efficient combustion, which helps to reduce emissions. Global energy-related emissions rose by 0.9%, hitting a record-breaking 36.8 Gt. Emissions from energy combustion increased by 423 Mt. In 2022, the growth of CO2 emissions was notably lower than the global GDP growth of 3.2%, marking a return to the long-term trend of emissions and economic growth decoupling that had been disrupted by the sharp emissions rebound in 2021. The rate of improvement in the CO2 intensity of energy usage was marginally slower compared to the average of the previous decade.
Growing Vehicle Production Globally
The demand for fuel injection systems rises with the growth in vehicle manufacturing. The bulk of cars on the road today are powered by internal combustion engines, which depend on these systems as crucial parts. Higher vehicle production directly translates to higher demand for fuel injection systems. Fuel injection systems are mostly used by Original Equipment Manufacturers, who incorporate them into new cars during the production process. OEMs require more fuel injection systems to keep up with the increased demand for vehicles in both established and new markets, which results from growing vehicle production.
The ACEA provided information indicating that 85.4 million motor cars were produced globally in 2022, a 5.7% increase from 2021. China has produced 27,222 thousand units of the vehicles. Europe produced around 16,391 thousand units of vehicles and North America produced 14,901 thousand vehicles in the year 2022. The Middle East is the least producer of vehicles accounting for 2,294 thousand vehicles.
Growing Consumers Shift Towards Electric Vehicles (EVs)
As more consumers look for electric vehicles, the demand for traditional internal combustion engine vehicles equipped with fuel injection systems diminishes. The demand reduction directly affects the market for fuel injection systems, particularly in regions where EV adoption rates are high. Since electric motors in electric vehicles are often fueled by batteries, fuel injection systems are typically not required. As EVs' market share increases, the rate at which fuel injection systems are installed in new cars decreases, which has an additional effect on the demand for fuel injection systems.
According to the data given by Brand Equity Foundation's statistics, the Indian government has pledged that thirty percent of newly sold electric vehicles will be electric by 2031. The global Electric Vehicle market is estimated around US$ 250 billion in 2021 and it is estimated that the market will grow 5 times to US$ 1,318 billion. As the EV market is growing the demand for the fuel injection system decrease.
The global fuel injection systems market is segmented based on component, fuel, vehicle, technology and region.
Growing Adoption of Fuel Injection Systems Software
Based on the components, the Fuel Injection Systems market is segmented into fuel pumps, fuel pressure regulators (FPR), fuel injectors, electronic control units (ECU) and others. Due to the growing demand for fuel injection systems brought about by the global automotive industry's increased growth, the fuel pump sector is growing at the largest market share in the fuel injection system market. More stringent emission standards for automobiles are being imposed by governments globally to lessen pollution in the environment. By delivering gasoline more precisely, modern fuel injection systems which include fuel pumps help cars meet with these rules by promoting cleaner combustion and lower emissions.
Globally, major key players launched innovative product launches of the fuel injection system which helps to boost segment growth over the forecast period. For instance, on September 13, 2022, Stanadyne launched Electrified GDi Fuel Pump Module in the market. The newly launched pump is compatible with E10 to E85 and M15 fuels with a top-end fueling capacity of 1000 cc per revolution.
Asia-Pacific is Dominating the Fuel Injection Systems Market
Due to evidence including increasing urbanization, rising disposable incomes and growing middle-class populations, the automobile sector has experienced enormous expansion in the Asia-Pacific. Motorbikes, autos and passenger vehicles all of which are in higher demand as a result of this development all require fuel injection systems. Asia-Pacific has come to be a major hub for the manufacture of automobiles, with major manufacturing facilities situated in countries such as China, Japan, South Korea and India. The countries export cars and auto components in addition to producing autos for the global market. Due to this, there is a significant need for fuel injection systems in the region to support both local and foreign vehicle production.
The Brand Equity Foundation's statistics indicate that around 2.22 million passenger automobiles, as well as three- and four-wheelers and quadricycles, will be produced in India in 2023. The Government of India and the Indian automobile industry collaborated to develop the Automobile Mission Plan 2016-26, which provides the strategic direction for the sector's growth and development throughout the designated time.
Competitive Landscape.
The major global players in the market include Magneti Marelli S.p.A., Delphi Automotive PLC, Keihien Corporation, Denso Corporation, Carter Fuel Systems, LLC, Aptiv Plc, NGK Spark Plug Co., Ltd, Robert Bosch GmbH, Ucal Fuel systems Ltd. and Mikuni Corporation.
The pandemic poorly interrupted global supply chains, which affected the manufacture and delivery of fuel injection system parts for vehicles. Lockdowns, closures of businesses and travel restrictions disrupted the movement of commodities and raw materials, resulting in shortages of raw resources. As the pandemic reduced public demand for automobiles and pushed some automakers to reduce production, the market for fuel injection systems was decreasing. Original equipment manufacturers placed fewer orders for fuel injection systems as a result of decreased production of automobiles.
Due to the pandemic, consumer preferences have changed, favoring private vehicles over subways and ride-sharing services. The decision by additional individuals to buy cars ultimately increases the demand for fuel injection systems. Due to decreased demand and cash flow issues, several automotive suppliers, including those that make fuel injection systems, had financial difficulties. Delays in research and development projects, cost-cutting initiatives and possible industry consolidation resulted from it.
Russia and Ukraine hold an important position in the global automobile supply chain, including fuel injection systems. Any delays in the manufacture or delivery of these parts from every country might result in a scarcity of supply and higher costs. Fuel injection systems and other goods and services might be further disrupted by trade restrictions, sanctions or other measures brought about by geopolitical tensions caused by the war.
Market volatility is influenced by the conflict's uncertainty and possible effects on international commerce and economic stability, which might have an effect on consumer confidence and investment choices in the automobile industry. The demand for automobiles and automotive parts could shift depending on how long and how severe the conflict endures. A shift towards alternate transport choices or a decline in demand for new automobiles arises from supply constraints or economic uncertainty.
The global fuel injection systems market report would provide approximately 70 tables, 65 figures and 210 Pages.
Target Audience 2024
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