DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Automotive Fuel Injection Systems Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Automotive Fuel Injection Systems market to grow at a CAGR of 4.24 percent over the period 2012-2016. One of the key factors contributing to this market growth is tightening of fuel economy standard. The Global Automotive Fuel Injection Systems market has also been witnessing the increasing adoption of gasoline direct injection systems. However, global economic slowdown could pose a challenge to the growth of this market.
Commenting on the report, an analyst from TechNavio's Automotive team said: ''The increasing demand for dual-fuel or bi-fuel vehicles has ignited the demand for bi-fuel injection systems and hence become a major trend in the Global Automotive Fuel Injection Systems market. In recent years, consumers have started converting their gasoline vehicles into CNG vehicles. The conversion is done by installing CNG components in the gasoline vehicle. These components act as the primary fuel source of the vehicle and the gasoline acts as a backup. For instance, the Global CNG Vehicle market was valued at 15.8 million units in 2012 and it is expected to reach 19.8 million units by 2016. This increasing demand for CNG vehicles is expected to propel the demand for bi-fuel injection systems and thus lead to the growth of the Global Automotive Fuel Injection Systems market.''
According to the report, one of the major drivers is the strengthening of fuel economy standards across the globe, which is positively influencing the demand for automotive fuel injection systems.
Further, the report states that one of the major challenges is the recent economic slowdown which had an adverse impact on the Global Automotive market and its related markets.
Companies Mentioned
- Robert Bosch GmbH
- Denso Corp.
- Continental AG
- Delphi Automotive plc.
- Keihin Corp.
- Magneti Marelli S.p.A.
- Haynes Corp.
- Stanadyne Corp.
- Eaton Corp.
- Orbital Corporation.
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