The global injector nozzle market is estimated to rise to USD 8.40 billion by 2027 from USD 5.33 billion in 2020, registering a CAGR of 8.5% during the forecast period from 2020 to 2027.
A significant part of combustion engine powered vehicles which function to infuse fuel like gasoline or diesel into engine cylinders at high pressure to start combustion are termed as Injector Nozzles. Globally, injector nozzles are utilized in a huge share of vehicles manufactured since it enhances fuel efficiency and maximize vehicle performance.
Port fuel injection system and direct injection system are the technologies that have assisted the automobile industry in tackling several key areas linked with maintaining balance between fuel economy, power, and exhaust emission. Speedy throttle response, efficient fuel flow, accurate control of the air-fuel mixture and uniform apportionment of fuel are the attributes provided by fuel injection system.
The growth of Injector Nozzle market is driven by the rise in the automobile industry. In the forthcoming years, the market for Injector Nozzles would grows along with fuel based vehicle production and is expected to rise on a affirmative scale due to increase in number of automobiles in personal and commercial use as well. With the inflated disposable incomes of the consumers, vehicles have evolved as a commodity rather than a luxury product generating greater demand for automobiles thus precisely impacting the growth of Injector Nozzle market. The developing nations of Asia pacific and Latin America are expected to hold larger share in this demand. Automobile manufacturers are chnanging the current injector nozzles for effective control and safety features owing to the accessibility of advanced Injector Nozzles.
Prominent key players of injector nozzle market discussed are Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), Keihin Corporation (Japan), and Magneti Marelli S.p.A. (Italy).
The number of vehicles produced by significant manufacturers in the Western Europe and North America regions is comparatively less than the number of vehicles completed in China and India, that is, Asia Pacific region. Every year the production of vehicle is growing rapidly in these countries. Mexico and Brazil are among the developing countries of Latin America region as various profound automobile manufacturers have established their automotive plants in these countries, thus generating attractive opportunities for the automotive injector nozzle market. Within the projected period, Eastern Europe Injector Nozzle market is also anticipated to record moderate growth since global car manufacturers are estimated to moderately establish their manufacturing plants in the region during the final years of the forecast period. For technologically leading Injector Nozzles, North America and Western Europe are expected to account high growth as these regions has approved few of the significant progressive technologies in vehicle automation along with high concentration on enhancing the fuel efficiency.
Injector Nozzle Market Segmentation:
By Fuel Type
By Vehicle Type
• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
• Gasoline Port Fuel Injection
• Gasoline Direct Injection
• Diesel Direct Injection
• North America
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