Gasoline direct injection system market has been touted with the design to squeeze more miles per gallon (mpg) out of cars. The ultimate convergence of greater fuel economy & better performance of the engines through direct injection technology is actually seen delivering results. Combining GDI system with other technologies such as turbocharging, has led to even greater performance resulting in approx. 15% reduction in fuel consumption and reduced CO2 emissions. Gasoline direct injection system industry is likely to draw major attraction from the consumers because of the need to comply with the regulatory guidelines to control CO2 emissions. A report from Global Market Insights, Inc., states that “Gasoline direct injection system market is estimated to generate a revenue of more than USD 10 billion by 2024.”
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Fierce competition from the automotive industry is likely to attract new entrants in the business space. This may result into intense competition among the industry players, majorly in emerging regions such as India and China. The booming GDI industry is estimated to witness a compound annual growth rate of 12% over the period of 2016-2024.
The GDI system aids in enhancing the driving dynamics by the use of components such as electronic control units, sensors, fuel injectors, and fuel pumps for better efficiency. Amongst these, the electronic control units contributed the major chunk whereas sensors accounted for 9% of the overall gasoline direct injection system industry share.
Commercial vehicle application is slated to be one of the most prominent sectors dominating the application landscape. It is estimated to account for almost 30% of the industry share, with a stupendous annual growth rate projection of 12% over the coming seven years. Owing to the wide range of purpose that CVs serve, starting from transport to logistics, these vehicles are witnessing a high consumer demand, which in turn will fuel gasoline direct injection system market growth.
Asia Pacific gasoline direct injection system industry is projected to record highest growth rate in the years ahead, with India, China, and Indonesia prominently driving the regional demand. The growth prospect of APAC market can be attributed to the increasing regional awareness regarding environmental pollution and fatal effects of greenhouse gas emissions.
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Gasoline direct injection system market from passenger cars will also grow lucratively with the large-scale adoption of passenger vehicles, especially across developed nations. U.S. and China are the two major revenue contributors owing to the two regions holding the largest passenger vehicle consumer base. U.S. solely covered 90% of North America GDI system industry and is estimated to register a CAGR of 13% over the period of 2016-2024. Furthermore, fuel economy mandates such as CAFE by the country is positively influencing the regional market outlook.
Prominent GDI system industry participants operating in GDI system market include Delphi, Bosch, Continental, Hitachi, and Denso.
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