Market Trends of Automotive Fuel Injector Industry
The High Demand of 2-wheelers across the Globe
The 2-wheeler market includes motorcycles, scooters and mopeds. The rise in traffic congestion and growth in fuel prices contributes to the increasing adoption of 2-wheelers as they provide high fuel efficiency and are easy to navigate through traffic congestion. The other factors such as rapidly growing urbanization with high population density, majorly in developing countries such as India, which is the 2nd largest market for 2-wheelers.
Considering the rising demand for 2-wheelers, the manufacturers are making innovations in fuel injector technology to take out maximum fuel efficiency and contribute to the market growth. For instance, in March 2022, Aprilia developed a fuel-injected 2-stroke concept named as Aprilia Ditech System. It uses a very powerful Siemens ECU to manage the fuel system.
Moreover, the adoption of 2-wheelers is increasing as a growing trend of bike racing as a sport among youth and for commuting long distances. This is because lots of companies are launching motorcycle tourism campaigns to promote tourism and are propelling the demand for 2-wheelers.
In September 2023, Royal Enfield track school program for aspiring bike racers in India as a part of the "Pure Sport" campaign. Thus, the above factors will drive the market growth.
Asia-Pacific Region is Anticipated to Play a Significant Role in the Market
The Asia-Pacific market is expanding rapidly, owing to rising vehicle manufacturing in these areas. Rising purchasing power, increased demand for fuel-efficient automobiles, stricter pollution standards, and rising nations economies such as China and India all resulted in increased demand for fuel injection systems.
For example, in April 2023, the Indian Government implemented the BS VI Phase 2 emission norms, which are even stricter than the BS-VI norms, and they will further reduce harmful emissions from vehicles.
Asia-Pacific is expected to be the largest market for automotive fuel injection systems, with the fastest growth rate during the forecast period. Additionally, prominent companies in the region are focusing on R&D activities and improving their existing commercial vehicle lineup, which is projected to supply the market with profitable potential. Such development and technological advancements in the automobile sector will contribute to the growth of the fuel injector market over the forecast period.
For instance, in September 2022, Stanadyne, a leading global fuel and air management systems supplier, unveiled a new hydrogen fuel injector for medium-duty and heavy-duty commercial vehicle powertrains.
Thus, the above factors, coupled with technological advances, will hold a positive impact on the market.
