Automotive Fuel Injection System Market Analysis (COVID19 Impact): Industry Growth, Size & Future Scope

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Automotive Fuel Injection System Market Future
Trends, Prominent Players, Industry Impact
and Forecast
The automotive industry has been witnessing a
robust growth all across the globe, which can
primarily be attributed to the rapid economic
growth in developing countries, rising disposable
income of people, and emergence of electric
vehicles in the market. Because of all these
factors, the production capacity of automobile
industries has risen significantly. During the
time period, 20052019, approximately 91.3
million motor vehicles sold worldwide, and the
global automotive industry is predicted to
generate a revenue of nearly 9 trillion by
2030. Moreover, about 92 million motor vehicles
were produced around the world.
Ascribed to these factors, the automotive fuel
injection system market is expected to advance at
a substantial pace in the coming years. among
heavy commercial vehicles, light commercial
vehicles (LCV), and passenger cars, the largest
demand for fuel injection systems in the past was
created for passenger cars. This is due to the
growing disposable income of people and swift
urbanizations. Other than this, the requirement
for these systems for light commercial vehicles
is also predicted to rise considerably in the
coming years, on account of low cost of LCVs and
their high adoption for logistics supply chains,
particularly in emerging economies. Request to
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fuel-injection-system-market/report-sample Diesel
direct injection was the most in demand in the
past, as these engines are currently the most
efficient combustion engines and have the highest
degree of thermal efficiency. The Asia-Pacific
region is
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projected to emerge as the largest automotive
fuel injection system market in the coming years.
This is because of the high vehicle production
and stringent regulations regarding emissions in
the region. The enhanced economy and living
standards in India and China have led to the
increased sales volume of vehicles in the
region. Hence, the demand for fuel injection
systems is growing due to the surging sales of
vehicles.