Technavio market research analysts estimate the global market for automotive fuel injectors to post a moderate CAGR of approximately 3% by 2020. The growing need to control vehicle emissions and to increase the overall fuel efficiency of automobiles is expected to impel the adoption of fuel injectors in the automotive industry during the forecast period.
The advent of stringent fuel economy and emission norms is expected to act as the key driver for the growth of this market. The augmented need to reduce oil dependency and emissions from automotive vehicles is predicted to bolster market growth as it necessitates the adoption of fuel injectors by vehicle manufacturers.
Segmentation by vehicle type and analysis of the automotive fuel injector market
Passenger cars
Light commercial vehicles
Heavy commercial vehicles
In this global market research, analysts have estimated the passenger cars segment to lead the global market for automotive fuel injectors during the forecast period. This segment currently accounts for more than 58% of the total market share and is estimated to retain its dominating hold over the market by 2020 owing to the augmented demand for passenger cars from across the globe.
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