Automotive Fuel Injection Pump Market
The Automotive Fuel Injection Pump Market is estimated to be USD 19.25 Billion in 2016 and is projected to grow at a CAGR of 7.8% from 2017 to reach USD 38.20 Billion by 2025.
The research methodology used in the report involves various secondary sources such as Automotive Component manufacturers Association (ACMA), Asociacion Mexicana de la Industria Automotriz (AMIA – Mexican Association of the Automotive Industry), China Association of Automobile Manufacturers (CAAM), Environmental Protection Agency (EPA), International Organization of Motor Vehicle Manufacturers (OICA), National Highway Traffic Safety Administration (NHTSA), Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and automotive fuel injection pump vendors have been interviewed to understand the future trends of the market. The market size of the individual segments was determined through various secondary sources such as industry associations, white papers, and journals. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up approach has been used to estimate and validate the size of the global market. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments.
To know about the assumptions considered for the study, download the pdf brochure
Target Audience
- Automobile manufacturers
- Fuel injection pump manufacturers
- Automobile organizations/associations
- Raw material suppliers
- Compliance regulatory authorities
- Government agencies
- Investors and Venture Capitalists (VCs)
Passenger Car is estimated to hold the largest market share during the forecast period
Along with the passenger car production, the demand for fuel-efficient vehicle has also increased among the end-users. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA) statistics, the global passenger car production has increased from 59.90 million units in 2011 to 72.11 million units in 2016, at a CAGR of 3.78% over the period of five years. Also, developing countries such as China and India have witnessed significant economic growth, which, in turn, is increasing the demand for passenger cars. The stringent emission norms are also driving the market for automotive fuel injection pump market.
Direct Injection System is estimated to be the largest segment by application from 2017 to 2025
The growth of automotive fuel injection pump market, by type, is anticipated to be driven by the increasing use of direct injection system due to increase in penetration of the system in the gasoline engine vehicles in North America. The direct fuel injection system delivers the fuel at high pressure to improve the performance of the vehicle with better fuel efficiency, which helps to increase the demand of direct injection system.