According to the research report by Market Research Future (MRFR), the global diesel common rail injection system market is slated to reach a market valuation of around USD 25 billion by 2025, expanding at a moderate CAGR of 4% during the review period.
Drivers and Restraints
The higher growth rate of adoption of advanced technology in the automotive industry in order to decrease the emission rate of the vehicles by controlling the fuel consumption, is expected to positively impact the expansion of the global market for diesel common rail injection systems. The stringent regulatory framework imposed by the government authorities of several countries associated with the emission rate of the vehicles is also a factor fueling the global diesel common rail injection system market towards noteworthy expansion.
on the other hand, the absence of the aftermarket and growing inclination towards the implementation of electric vehicles over fuel-driven vehicles are expected to hinder the growth of the global market diesel common rail injection systems in the foreseeable future.
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The global diesel common rail injection system market has been segmented based on vehicle type, fuel injector, and region. On the basis of fuel injector, the global market for diesel common rail injection systems has been segmented into piezoelectric and solenoid. Based on vehicle type, the global diesel common rail injection system market has been bifurcated into passenger car and commercial vehicle. The light vehicles segment accounts for the maximum market share in the global diesel common rail injection system market due to the rising adoption of light vehicles with diesel engines and stringent regulatory framework associated with the emission rate in various regions.
Based on the regions, the global market diesel common rail injection systems has been analysed for North America, Europe, Asia Pacific, and the rest of the world. The market in Asia Pacific is anticipated to expand at a fast pace during the forecast period, owing to the rising disposable income and increasing demand for commercial vehicles from developing economies such as China and India. These factors are driving the market for the fuel injection over the review period. North America is also projected to exhibit significant growth over the forecast period owing to rising demand for automotive fuel injectors for off-road applications. This growth is attributed by the established automotive industry, continual funding from the governments of the developed economies in the North American region, such as the US and Canada. The increasing awareness regarding environmental issues across the globe is driving the market for diesel common rail injection systems owing to the initiatives being undertaken to reduce the carbon footprint and emission rates in the region.
The market in Europe is also likely to expand at a substantial growth rate over the forecast period due to a higher number of diesel vehicles and increasing demand for innovative technology in diesel vehicle systems is fueling the market in the European region over the review period. The government is expected to initiate the adoption of diesel common rail injection systems to make sustaianable efforts towards the increasing environmental concerns in the region, an to reduce emission rates produced by passenger vehicles and commercial vehicles.
Key Market Players
The prominent players identified by MRFR operating in the global diesel common rail injection system market are Delphi Automotive PLC (UK), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Federal-Mogul Corporation (US), Ganser CRS AG (Switzerland), Continental AG (Germany), Magneti Marelli (Italy), Siemens Deka Inc., (US), Hyundai KEFICO (South Korea), and Eaton Corporation (US).
These market players are expected to contribute substantially towards the global market share over the market for diesel common rail injection systems, by business strategies such as joint ventures, mergers, among others.
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