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全球燃油喷射系统市场 - 2024-2031Global Fuel Injection Systems Market - 2024-2031 |
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概述
全球燃油喷射系统市场将于 2023 年达到 795 亿美元,预计到 2031 年将达到 1,717 亿美元,2024-2031 年预测期间复合CAGR为 10.3%。
由于旨在降低汽车排放的严格规定,燃油喷射系统的需求越来越大。这些系统增强了对燃料供应的控制,排放量减少,燃烧更加清洁。由于监管法规和客户对更节能汽车的需求所施加的燃油效率标准不断提高,燃油喷射系统的使用正在增加。该系统有助于优化燃油输送,提高车辆整体效率。
主要参与者透过推出新产品在全球推广燃油喷射系统的措施日益增多,有助于推动全球燃油喷射系统市场在预测期内的成长。例如,2024 年 2 月 5 日,澳洲公司 Excess Injectors 透过 Summit Racing Equipment 在北美推出了燃油喷射器。新推出的产品有助于满足消费者对燃油喷射系统的需求。
由于汽车行业的快速成长,亚太地区在燃油喷射市场占据主导地位。根据国际贸易协会2023年的统计数据,中国无论是年销售量或整车製造量均位居全球汽车市场首位。到2025年,中国国内汽车产量将接近3,500万辆。中国汽车销量约2,600万辆,其中乘用车2,148万辆,较2020年成长7.1%。
动力学
日益增长的环境问题和严格的政府法规
在全球范围内,各国政府实施了越来越严格的法规,以降低碳排放并改善空气品质。为了帮助汽车满足污染法规,燃油喷射系统对于最大限度地提高燃油供应、空气-燃油混合物和燃烧效率至关重要。消费者和社区对环境的日益关注激发了对更清洁、更省油的汽车的渴望。
燃油喷射系统是减少交通运输对环境影响的重要组成部分,因为它们提供准确的燃油供应和高效的燃烧,有助于减少排放。全球能源相关排放量成长 0.9%,达到创纪录的 36.8 吨。能源燃烧排放增加423公吨。2022 年,二氧化碳排放成长明显低于全球GDP成长3.2%,标誌着排放与经济成长脱钩的长期趋势回归。2021 年排放量大幅反弹。与前十年的平均值相比,能源使用二氧化碳强度的改善速度略有放缓。
全球汽车产量不断成长
随着汽车製造的成长,对燃油喷射系统的需求也随之增加。当今道路上的大部分汽车均由内燃机提供动力,这些系统是内燃机的关键部件。汽车产量的提高直接意味着对燃油喷射系统的更高需求。燃油喷射系统主要由原始设备製造商使用,他们在生产过程中将其整合到新车中。原始设备製造商需要更多的燃油喷射系统,以满足现有市场和新市场因汽车产量不断增长而不断增长的汽车需求。
ACEA提供的资料显示,2022年全球汽车产量为8,540万辆,较2021年成长5.7%。其中中国汽车产量为2,722.2万辆。 2022 年,欧洲生产了约 16,391 万辆汽车,北美生产了 14,901 万辆汽车。中东是汽车生产量最少的地区,产量为 2,294 万辆。
越来越多的消费者转向电动车 (EV)
随着越来越多的消费者寻找电动车,对配备燃油喷射系统的传统内燃机汽车的需求减少。需求减少直接影响燃油喷射系统市场,特别是在电动车采用率较高的地区。由于电动车中的电动马达通常由电池提供燃料,因此通常不需要燃油喷射系统。随着电动车市场份额的增加,新车中燃油喷射系统的安装率下降,这对燃油喷射系统的需求产生了额外的影响。
根据Brand Equity Foundation的统计资料,印度政府承诺到2031年新销售的电动车中30%将是电动车。预计2021年全球电动车市场规模约为2,500亿美元,预计2021年全球电动车市场规模将达到2500亿美元。市场规模将成长 5 倍,达到 13,180 亿美元。随着电动车市场的成长,对燃油喷射系统的需求减少。
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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