Market Size of Asia Pacific Gasoline Injection Technologies Market, Forecast Report 2014-2
Future Market Insights has announced the addition of the “Gasoline Injection Technologies Market: Asia Pacific Industry Analysis and Opportunity Assessment 2014-2020" report to their offering.
The global market for gasoline injection technologies is attaining considerable growth owing to increasing emphasis on fuel-efficient automotive vehicles. The global automotive industry is focusing on developing vehicles that offer comfort and safety, without compromising on fuel efficiency.
Gasoline injection technologies have witnessed steady development — from the simple carburettor injection mechanism to the advanced multi-point fuel injection (MPFI) and gasoline direct injection (GDI). Developments in fuel injection technologies are catalysing the growth of gasoline injection technologies market in several key regions, especially in Asia Pacific (APAC), where GDI technology is witnessing steady adoption.
According to Organisation Internationale des Constructeurs d'Automobiles (OICA), APAC countries such as China, India, South Korea, and Japan lead in the number of vehicle production. At present, the gasoline injection technologies market in Asia is booming, owing to strong demand from China’s automotive sector (24 Mn vehicles manufactured in 2015). As a result, the rising per capita income of the region’s extensive consumer base has created a favourable environment for the growth of Asia Pacific gasoline injection technologies market.
APAC Gasoline Injection Technology Market: Growth Factors
The APAC gasoline injection technologies market revenues are expected to witness steady growth in the near future. The key factors expected to boost demand include,
China and India collectively account for almost one-third of world’s motor vehicle production.
Consumers in APAC countries are increasingly showing a preference for fuel-efficient vehicles, leading to higher adoption of GDI and MPFI technologies.
Increasing urbanisation has led to a considerable rise in the number of consumers buying cars and other motor vehicles, instead of opting for public transport.
Consumers in APAC have a higher tendency to prioritise fuel-efficiency over other features. To cater to this consumer sentiment, automotive manufacturers are incorporating the latest technologies, which in turn is fuelling the growth of gasoline injection technologies market.
China, the largest APAC market, and India are witnessing a gradual stringentness in automotive emission policies and standards. Concerns about rising pollution levels in China are creating opportunities for incorporation of GDI technology in the manufacturing process.
While there have been several secondary facts indicating profits derived from fuel injection technologies in Asia, various challenges have emerged to restrain the growth of the region’s gasoline injection technologies market. The most prominent industry restraints include,
GDI technologies, one of the advanced models of fuel injection technologies, are far from being incorporated in two-wheelers. Cars and other four-wheelers being the only segment for manufacturing application are restricting the adoption opportunities for gasoline injection technologies. Motorcycle manufacturers and social entrprises, such as EnviroFit are addressing this challenge with intensive R&D work.
Strict emission standards in APAC region such as China are driving the market’s growth but have an underlying restraining effect as well. Since the advanced gasoline injection technologies aren’t completely eco-friendly, manufacturers cannot claim effective automotive emission at every standard.
High cost, operational complexity, and the need for using strong materials resilient to high pressure and temperature are some of the common drawbacks of GDI technologies. In critically polluted APAC regions like China, the adoption of GDI could be lowered, owing to scientific findings that claim emission of black carbon particulates. However, the research’s uncertainty and complicated nature haven’t yet had a major impact on China’s market for GDI technologies.
Long after introducing the first direct injection system in the 50s, Robert Bosch GmbH continues to be a leading company in global gasoline injection technologies market, as well as in the APAC market. Mitsubishi Electric Auto Parts (China), Bajaj Auto (India) and Delphi Automotive LLP (China) are other leading companies in the APAC gasoline injection technologies market.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.
Oct 12, 2016