Market Size of Diesel Common Rail Injection System Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Diesel Common Rail Injection System Market Analysis
The Diesel Common Rail Injection System Market was valued at USD 21.42 billion in 2021, and it is expected to reach USD 27.90 billion by 2027, registering a CAGR of about 4.5% during the forecast period (2022 - 2027).
COVID-19 negatively impacted the market. The COVID-19 pandemic saw a fall in economic growth in nearly all the major regions, thus altering consumer spending patterns. Due to the lockdown executed around several countries, international and national transport have been hampered, which has considerably affected the supply chain of several industries around the world, thus expanding the supply-demand gap. Therefore, failure in raw material supply is anticipated to hamper the production rate of diesel common rail injection systems, which negatively impacts the market growth.
Over the medium term, the rigorous emission norms being enforced by global governmental and environmental agencies are marked to be promoting the growth of the diesel common rail injection systems market. Also, the lower cost of diesel vehicles, as well as the lower cost of diesel in comparison with petrol, is also evenly stimulating the sales volumes of diesel automobiles, thus impacting the market growth. However, increasing demand and penetration of electric vehicles in the automotive sector are anticipated to hinder the market's growth. For instance,
Bharat Stage (BS) norms aim at tighter regulations by reducing the permissible level of tailpipe pollutants. For example, BS-IV - introduced in 2017, allowed 50 parts per million (ppm) of sulfur, while the new and updated BS-VI - applicable from 2020, allows only 10 ppm of sulfur, 80 mg of NOx(Diesel), 4.5 mg/km of particulate matter, 170 mg/km of hydrocarbon and NOx together.
The US Energy Information Administration and the International Energy Agency predicted that the world energy demand is expected to rise by over 50% from now to 2030 if policies remain unchanged. Also, diesel and gasoline are predicted to remain the leading automotive fuels until 2030. Diesel engines are fuel-efficient but have high emissions compared with advanced gasoline engines. Current combustion systems combining the best qualities of diesel engines ensure high efficiency and low emissions.
It is estimated that Asia-pacific will dominate the diesel common rail injection system market, showing considerable growth during the forecast period. Middle-East and Africa is the fastest growing market in the region.
Diesel Common Rail Injection System Industry Segmentation
Common rail is a fuel injection system found in modern diesel engines. Common rail systems provide a level of flexibility that can be exploited for class-leading emission control, power, and fuel consumption.
The diesel common rail injection system market is segmented by vehicle type, fuel injector type, and geography.
The market is segmented by vehicle type: passenger cars, light commercial vehicles, and heavy commercial vehicles. By fuel injector type, the market is segmented into conventional solenoid injector, and piezoelectric injector. By geography, the market is segmented into North America, Europe, Asia-pacific, and Rest of the world.
The report also covers the market sizes and forecasts for the diesel common rail systems market. For each segment, market sizing and forecasts have been done based on value (USD Billion).
| Vehicle Type | |
| Passenger Cars | |
| Light Commercial Vehicles | |
| Heavy Commercial Vehicles |
| Fuel Injector Type | |
| Conventional Solenoid Injector | |
| Piezoelectric Injector |
| Geography | |||||||
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Diesel Common Rail Injection System Market Size Summary
The diesel common rail injection system market is poised for growth, driven by the increasing demand for fuel-efficient and low-emission diesel engines. The market is experiencing a resurgence as global emission norms become more stringent, encouraging the adoption of advanced diesel technologies. The cost-effectiveness of diesel vehicles, coupled with the lower price of diesel fuel compared to petrol, continues to stimulate the market. However, the rise of electric vehicles poses a significant challenge to market expansion. The market's recovery from the COVID-19 pandemic is underway, with logistics, construction, and e-commerce sectors contributing to the demand for diesel common rail systems. The Asia-Pacific region, particularly China, Japan, and India, is expected to dominate the market due to robust vehicle production and strategic investments in research and development.
Geographically, the market is witnessing substantial growth in the Asia-Pacific region, with China leading the charge through initiatives like the One Belt One Road project. The United States also shows promising demand, with automakers expanding their diesel model portfolios. Major players such as Robert Bosch GmbH, DENSO Corporation, and Continental AG are at the forefront, driving innovation and efficiency in diesel engine technology. Collaborations and investments in advanced engine systems are setting new standards in the industry, as seen in partnerships like those between Weichai Power and Bosch. The market's consolidation is evident with key companies continuously enhancing their product offerings to meet the evolving demands of the automotive sector.
Diesel Common Rail Injection System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Light Commercial Vehicles
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2.1.3 Heavy Commercial Vehicles
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2.2 Fuel Injector Type
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2.2.1 Conventional Solenoid Injector
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2.2.2 Piezoelectric Injector
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Diesel Common Rail Injection System Market Size FAQs
What is the current Diesel Common Rail Injection System Market size?
The Diesel Common Rail Injection System Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Diesel Common Rail Injection System Market?
Robert Bosch GmbH, Continental AG, DENSO Corporation, Magneti Marelli SpA and BorgWarner Inc. are the major companies operating in the Diesel Common Rail Injection System Market.
