Market Report, "Injector Nozzle Market - Global Forecast to 2020", published
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[USPRwire, Wed Mar 02 2016] Injector Nozzle Market by Vehicle Type (Passenger Cars, LCVS, HCVS), Technology (Gasoline Port Fuel Injection, Diesel Direct Injection, Gasoline Direct Injection), by Fuel Type (Diesel, Gasoline), and Geography - Global Forecast to 2020
The global injector nozzle market is projected to grow from USD 3.95 billion in 2015 to USD 5.33 billion by 2020, at a CAGR of 6.2% from 2015 to 2020. The increasing demand for automobiles, necessity for fuel-efficient vehicles, and stringent emission standards are major factors influencing the growth of the global injector nozzle market.
"In fuel type, the diesel segment is expected to grow at the highest CAGR due to the increasing demand of diesel-fueled vehicles and changing buying pattern of consumers"
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As diesel has high thermal energy, diesel engines offer better fuel efficiency in comparison to gasoline engines. Also, owing to subsidies on diesel, diesel-powered passenger cars are gaining popularity in countries such as India. Although, there is an increase in the usage of gasoline-fueled vehicles in most of the countries in the Asia-Oceania region, technological advancements in diesel engines as well as exhaust technologies are boosting the adoption of diesel-fueled vehicles.
"In vehicle type, the passenger cars category held the largest market share in the injector nozzle market, due to urbanization and increased per capita income"
Over the past decade, several factors have been identified as primary drivers propelling the overall demand for all categories of vehicles, including rise in population, coupled with increase in per capita income, improved standard of living, and infrastructural developments as a result of industrialization & urbanization. The increasing demand for passenger cars is mainly driven by rise in per capita income and increase in employment opportunities.
"North America is leading the injector nozzle market"
The North American automotive industry is considered as one of the fastest-growing industries worldwide. Domestic demand of automobiles has increased in the U.S., with sales of new vehicles rising from 11.7 million units in 2010 to 15.8 million units in 2013. Moreover, stringent fuel efficiency norms such as the Corporate Average Fuel Economy (CAFE) standards have propelled the demand for weight reduction and efficient fuel injection systems across all vehicle applications to improve fuel efficiency. This has led to the growth of the injector nozzle market in North America, wherein, the U.S. witnessed a positive year-on-year growth in terms of volume and value.
Break-up of profiles of primary participants for the report is given below:
* By Company Type - Tier 1 - 30%, Tier 2 - 40%, Tier 3 - 30%
* By Designation - C level - 37%, Director level - 38%, Others - 25%
* By Region - North America - 35%, Europe - 32%, Asia-Oceania - 24%, RoW - 9%
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