PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477154
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477154
Automotive Fuel Injection Pump Market size was valued at USD 20,225.23 Million in 2023, expanding at a CAGR of 8.6% from 2024 to 2032.
The fuel injection system comprises sensors and control units which ensures that timing and fuel injection occur at the appropriate times. It also regulates the amount of gasoline delivered to provide the necessary power to the engine. As vital parts of contemporary internal combustion engines, these pumps are extremely important because they facilitate effective fuel distribution and enhance engine performance. There is a surging demand for vehicles that prioritize fuel efficiency and eco-friendliness which leads to increasing usage of automotive fuel injection pumps worldwide. However, high initial costs and technological challenges associated with automotive fuel injection pumps are restricting the growth of the market. Furthermore, advancements in fuel injection pump technology and innovations such as direct injection systems and electronic control have significantly enhanced engine efficiency and performance, leading to increased demand in upcoming years.
Automotive Fuel Injection Pump Market- Market Dynamics
Growing Demand for Fuel-Efficient Vehicles Across the World
The market for automotive fuel injection pumps has grown significantly over the past few decades, mostly due to the increasing demand for eco-friendly and fuel-efficient automobiles. Due to this expansion, conventional carburettors have been replaced by fuel injection pumps in the automotive industry. These pumps have several benefits, such as increased engine response, lower emissions, and better fuel economy. The increasing urbanisation process has contributed to the market's expansion by increasing demand for automobiles, which in turn has driven up the price of fuel injection pumps in the automotive sector. Furthermore, various governments worldwide are implementing strict emission regulations to combat climate change. For instance, in India, The Automotive Research Association of India (ARAI) plays a significant role in exhaust emission measurements and fuel consumption rates. These regulations have led to rising demand for fuel injection pumps, making them indispensable in meeting these stringent requirements.
Automotive Fuel Injection Pump Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.6% over the forecast period (2024-2032)
Based on type segmentation, the body throttle body injection pump dominates the automotive fuel injection pump market
Based on vehicle type segmentation, the passenger segment dominates the market over the forecast period
Based on region, North America was the leading revenue generator in 2023
The Global Automotive Fuel Injection Pump Market is segmented based on Type, Fuel, Pressure, Vehicle Type, Distribution Channel, and Region.
The market is divided into two categories based on type: Throttle Body Injection and Multipoint Fuel Injection. The body throttle body injection pump dominates the automotive fuel injection pump market. It is an advanced type that is frequently found in current diesel engines, delivering fuel under high pressure, enabling exact control over the timing and volume of fuel injection. Whereas, Multipoint Fuel Injection pumps are traditional and extensively used technology.
The market is divided into two categories based on vehicle type: passenger and commercial. The fuel injection system is predominantly used in passenger cars as it helps to improve the fuel efficiency of the vehicle by reducing exhaust emissions.
Automotive Fuel Injection Pump Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
The Asia Pacific market is expanding rapidly due to increasing automotive manufacturing in the region. Fuel injection systems have become more and more in demand due to factors including growing economies like China and India, expanding purchasing power, and the need for cars that are fuel-efficient and adhere to stricter pollution regulations. Furthermore, Europe is the second-largest region in the automotive fuel injection pump market. Countries like Germany, France, and the UK, looking for cars that are emissions-compliant and fuel-efficient. Innovative fuel injection pump technologies are being quickly adopted to meet strict pollution rules.
Key companies in the automotive fuel injection pump market include Magneti Marelli, Denso Corporation, Robert Bosch GmbH, and Continental AG, which are in intense competition with one another. These companies have a strong global presence also own excellent R&D capacities, and provide a variety of fuel injection pump solutions that propel technological and fuel-efficient improvements. For instance, In Jan 2022, leading mobility supplier DENSO Corporation, and powertrain supplier Aisan announced their agreement for strengthening their competitiveness in powertrain and future growth areas.
In September 2023 - Stanadyne, a leading global fuel and air management systems supplier, developed an innovative direct injection fuel pump and injector system to support a joint liquid propane gas (LPG) engine project. The innovation and partnership will drive to decarbonize the internal combustion engine.
In January 2024, Standard Motor Products, Inc. (SMP) expanded its aftermarket-leading Gasoline Fuel Injection program with more than 2,100-part numbers offering the most complete program in the industry.
GLOBAL AUTOMOTIVE FUEL INJECTION PUMP MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Magneti Marelli
Denso Corporation
Robert Bosch GmbH
Continental AG
Denso Corporation
Hitachi Ltd
Infineon Technologies
Johnson Electric
Magneti Marelli
MAHLE GmbH
Mitsubishi Electric
Perkins Engines Company Limited
Valeo
Others