Automotive fuel injection system market is proliferating at an unwavering rate, finds a recent research study by Fact.MR. The growth of automotive fuel injection system market is likely to be driven by a pool of pacesetters, ranging from rising environmental regulations to concerns revolving around optimal fuel utilization. The consequent requirement for passenger cars has also been identified as one of the key demand generating factors pushing adoption of fuel injection systems. According to the research report by Fact.MR, the volume sales of automotive fuel injection system is anticipated to approach 101,131,418 units by 2018-end, up from 98,433,519 units in 2017 .
High Fuel Efficiency and No Compromise with Engine Performance- Key USP of Automotive Fuel Injection Systems
The Fact.MR study opines that the sales of automotive fuel injection system is likely to register a significant leap in the upcoming years, driven by rising need for regulation of the air/fuel ratio. The competency of fuel injection systems to upgrade fuel efficiency without compromising with the engine performance is one of the key USPs spurring sales of automotive fuel injection system.
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“Gravitation toward fuel-efficient vehicles in tandem with strict regulatory framework is expected to encourage the adoption of advanced automotive fuel injection system facilitating superior engine performance and optimal fuel utilization “, Senior Analyst, Fact.MR
The rising demand for personal conveyance is predominantly pushing the adoption of compact vehicles across urban as well as sub-urban areas. Demand for fuel injection system for compact vehicles is gaining tailwinds from the ubiquitous vigor of compact vehicles, with volume sales approaching 32,631,289 units by 2018-end.
According to the report, gasoline port injection is gaining immense traction as one of the highly viable technologies, followed by gasoline direct injection and diesel direct injection. The competency of gasoline port injection to offer significant cost advantages coupled by operating at a simple strategy is fostering the popularity of this technology amid the customer market place.
Refurbishment of Automotive Industry in APEJ Offers Untapped Opportunities
With sales of automotive fuel injection system influenced by continual innovations and developments, manufacturers continue to make design alternations and leverage advanced technologies. Manufacturers are investing in rigorous R&D to upgrade performance of injection systems with zero compromise in terms of efficiency. New designs and injector orifices are consistently being formulated and incorporated to significantly curb emission levels.
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APEJ retains its lead as the largest automotive fuel injection system market with volume sales worth 43,336,281 units anticipated by 2018-end. Bolstered R&D developments to reform the automotive infrastructure and subsequent on-going innovations is likely to create magnificent opportunities for the automotive fuel injection system market, primarily across China and India.
A revelation by the China Passenger Car Association (CPCA) finds that in 2017, around 24 million passenger vehicles were sold in China and this rate is further poised to scale up at a 4% year-on-year rate from 2018. Furthermore, China is anticipated to record high demand for gasoline automotive fuel injectors, primarily for light trucks and passenger cars. These particulars provide enough credence to the lucrativeness of APEJ in the automotive fuel injection system market. Europe trails APEJ in terms of flourishing volume sales of automotive fuel injection systems, driven by rising demand from the Western Europe region.
The fuel injection systems for engines of 150 cc engines and less have been widely acknowledged owing to their performance quo, which has been identified as a significant trend creating numerous business opportunities in the two-wheeler domain. Moreover, the prominent trend of engine downsizing embraced by automakers to comply with emission regulations is also creating an optimistic scenario for adoption of automotive fuel injection system.
However, aspects such as high maintenance and service costs entailed are poised to hamper the growth potential of global fuel injection systems market growth. The repeatedly fluctuating price points of the raw materials involved is foreseen to pose challenges for the manufacturers of automotive fuel injection systems.
The Fact.MR report studies the growth of automotive fuel injection system market for the period of 2018 to 2027. As per the report, the market is poised to expand at a CAGR of over 3% over the forecast timespan.
High Performance and Greater Functionality – Key Developmental Focus Areas
High performance pigments that feature greater functionality have been witnessing high demand in the coatings industry. Added functionality widely varies among end-user requirements, ranging from provision of solar reflectance for formulation of cool coatings to unique special effect finish coupled with enhanced durability. Utilization of cool coatings is fast gaining momentum, particularly in the automotive industry, where IR-reflective high performance pigments are in robust demand. Overall coatings pigment sales in the automotive industry is estimated at over 1,000,000 Mn in 2018.
Enhanced pigment functionality is a key aspect for vehicles with advanced driver assistance systems (ADAS), and driverless cars. In the wake of autonomous vehicles, the focus of manufacturers is on development of functional pigments capable of being formulated into distinct layers of automotive coatings. This is expected to facilitate vehicles’ visibility to detection systems implemented in driverless vehicles. Leading players in the coatings pigment market are also working on development of coatings with improved radar reflectivity, to facilitate vehicle visualization on road.
Raw Material Challenges to Confine Growth Prospects of Coatings Pigment Market
Highly dynamic nature of the coatings pigment market can be attributed to response of manufacturers to changes in the supply chain, availability, pricing, regional regulations, and end-user preferences. Increased activities apropos of new technologies have further added to the dynamic nature of the coatings pigment market. Stronger enforcement of stringent environmental regulations to limit emissions, has resulted in lack of raw material.
Coatings pigment manufacturers who find it challenging in obtaining high-spec materials are shifting their focus toward lower-quality ingredients, thereby leading to production of low-quality pigments. However, companies with robust supply chain management capability are at advantage, as they can ensure facilitated access to good-quality raw materials.
Fact.MR’s report offers a detailed forecast on the coatings pigment market for the period 2018 to 2027. The report foresees the coatings pigment market to record a steady 4.9% volume CAGR through 2027.
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