U.S. gasoline direct injection system market accounted for over 90% of the North American revenue due to requirement of compliance with stringent regulatory standards for emissions in the region. It is estimated that the country will witness a growth at over 13% CAGR over the coming years.
MEA is expected to witness growth at over 10% CAGR owing to the rising demand from transport segment in the region.
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OEMs classify suppliers based on the price, product quality, timeliness of delivery, reliability, technical expertise, and product design capabilities. New product innovation, application of lean principles, operational flexibility, and financial viability are a few growth avenues for gasoline direct injection system market suppliers over the long-run.
Sensors form an integral part of the overall equipment and are used to measure engine speed, multiple pressures, and oxygen content to assess efficient combustion. Owing to their varied applications, sensors contributed to around 9% of the overall gasoline direct injection system market share.
Increasing competition in the automotive industry is likely to attract new entrants, particularly in low-cost countries, such as China, and evolving vehicle technology areas. Owing to the advent of new participants in the industry, established players are likely to face intense competition over the forecast timeframe. The automotive parts industry remains highly competitive, despite the ongoing consolidation and decreasing number of competitors.
Gasoline Direct Injection System Market for Passenger car demand has witnessed significant growth with the rising demand for personal vehicles specifically in China, U.S., and India. Growing demand has led to a significant growth in demand for the utilization of economic fuel engines, such as gasoline direct injection system, in passenger cars.
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The industry has witnessed considerable concerns regarding the carbon buildup and related problems in these engines and components. Moreover, high initial costs and decreasing fuel economy and emission standards, specifically in Europe and the U.S. are likely to present a potential growth challenge to the gasoline direct injection system market through 2024. Benefits offered by alternatives available in the industry in the form of Port Fuel Injection (PFI) will also hamper the overall growth.
The need to comply with regulatory guidelines, advancements in fuel saving technologies, and escalating demand for mobility & logistics are the foremost factors fueling the gasoline direct injection system market size. Growing environmental concerns regarding the polluting emissions generated by the other fuel injection alternatives are likely to garner increased consumer favorability towards the gasoline direct injection system market.
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Some industry players are Bosch, Delphi, Continental, Denso, Hitachi, and Magneti Marelli. This industry is characterized by a considerable degree of consolidation in regional segments. Other companies in the gasoline direct injection system market include Stanadyne, Eaton Corporation, MSR-Jebsen Technologies, Bajaj Auto Ltd., and Mitsubishi Electric Corp. Efficient solutions and engineering modifications relating to carbon deposition problems in GDI engines are expected to find considerable demand and investment over the coming years.