The global gasoline automotive injector market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period (2022-2028). The rise in automotive production owing to cohesive government schemes is anticipated to drive the growth of the global gasoline automotive injector market. For instance, as per the data published by India Brand Equity Foundation (IBEF) in 2022, India has sold 3.49 million units in passenger and commercial vehicle categories. In October 2021, the total production volume of passenger vehicles reached 2,214,745 units. The luxury car market had registered sales between 28000-33000 units in 2021, up from 20000-21000 units sold in 2020.
Moreover, the automotive industry attracted foreign direct investment worth $30.51 billion between April 2000 and June 2021 accounting for 5.5% of the total FDI during the period according to the data released by the Department of Promotion of Industry and Internal Trade (DPIIT). Additionally, in September 2021, the Indian Government issued a notification regarding a PLI scheme for automobile and auto components worth $3.49 billion. Further, the Government of India projects the automobile sector to attract $8-10 billion in local and foreign investment by 2023. Thus, the rise in automotive production coupled with huge investments and schemes are anticipated to fuel the demand for the global gasoline automotive injector market.
The rising government regulation toward vehicle emissions is further anticipated to drive the gasoline automotive injectors market growth. For instance, in December 2021, the US Environmental Protection Agency (EPA) revised national greenhouse emissions standards for passenger cars and trucks for model years 2023-2026. The final standards are projected to achieve significant GHC emissions reductions along with reductions in other criteria pollutants.
Further in December 2021, the Union Minister of Road Transport and Highways called for manufacturing Flex Fuel Vehicles (FFV) complying with BS-6 norms in a time-bound manner within six months. In line with the vision of Aatmanirbhar Bharat and the government’s policy on promoting ethanol as a transport fuel, Flex Fuel vehicles are capable to run on a combination of petrol, bio ethanol, and their blends. Thus, such revolutions are anticipated to drive the growth of the global gasoline automotive injector market.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-
Robert Bosch GmbH, Hitachi Ltd., and Continental AG among others
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
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https://orionmarketreports.com/global-gasoline-automotive-injector-market/108460/
Global Gasoline Automotive Injectors Market Report by Segment
By Type
Gasoline Port Injection
Gasoline Direct Injection
By Application
Passenger Vehicles
Light commercial Vehicle
Heavy Commercial Vehicle
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