Automotive Fuel Injection Pump Market

Automotive Fuel Injection Pump Market Size (2023 - 2028):

The Global Automotive Fuel Injection Pump Market was worth US$ 19.61 billion in 2022 and is anticipated to reach a valuation of US$ 32.44 billion by 2028 and is predicted to register a CAGR of 8.92% during 2023-2028.

The Automotive fuel injection pump is used to introduce fuel into automobile internal combustion engines. Various factors that affect the selection and design of the automotive fuel injection pump are tailpipe emissions according to government mandates, fuel type, fuel efficiency, engine size, and required power. The automotive fuel injection pump manages timing from the point where fuel is injected, ignited, and burned when maximum combustion pressure is reached. The aim of this injection pump is to provide fuel to the engine cylinders, at the same time, control the fuel atomization, injection timing, and other aspects.

The automotive fuel injection pump is one of the most important auto parts that has caught the attention of major car manufacturers. The automotive industry has become one of the top revenue-generating industries and has made various technological advancements in engine components in recent years, with automotive fuel injection pumps being one of them. The global automotive fuel injection pump market has seen remarkable growth and its demand is observed to grow at a CAGR of around 7.14% during the forecast period of 2022 to 2027.

Market Drivers:

The main driver of the global automotive fuel injection pump market includes rapid population growth, which has led to increased demand for premium and non-premium vehicles in all major developing economies. Macroeconomic factors, such as urbanization and increased industrial activities, coupled with an increase in lifestyle and an increase in demand for luxury and comfort in vehicles in many countries, are further increasing the sales of pumps for fuel injection in cars. A significant increase in vehicle sales, due to improved fuel efficiency and poor emission control, is expected to drive the global automotive fuel injection pump market. Furthermore, the considerable growth of the Asian and European automotive sector and the technological advancement in traditional injection pumps will create a significant opportunity for the global automotive fuel injection pump market. Also, the increased use of ethanol in the automotive industry is supposed to stimulate demand for automotive fuel injection pumps.

Market Restraints:

The key restraining factors such as the increasing penetration of electric vehicles could hamper the growth of the global automotive fuel injection pump market during the outlook period.

Market Recent Developments:

• Continental has started production of its next-generation high-pressure fuel pump in Roding. The completely redesigned product platform will begin with the Direct Injection Gasoline High-Pressure Pump (GHP2).

• Global automotive supplier DENSO Corporation has developed a new common rail diesel fuel injection system (DCR) with the highest injection pressure in the world *, 2,500 bar. Based on DENSO research, the new system can help increase fuel efficiency by up to 3% while reducing particulate matter (PM) by up to 50% and nitrogen oxides (NOx) by up to 8%.

• Global car provider DENSO Corporation has built up another electronic fuel infusion framework for little bikes called DIET-FI *. DIET-FI is the world's first fuel infusion framework that doesn't utilize a choke position sensor or a motor temperature sensor. All things being equal, it utilizes recently created control advancements that give a similar efficiency and ecological execution as traditional fuel infusion frameworks, consequently decreasing expenses.

• Delphi has an advancement that will go into creation in a year that will improve eco-friendliness by expanding the weight of the fuel as it goes through the motor's chambers from 350 bar to 500 bar, or around 5,000 pounds for every inch square to more than 7,200 psi.

AUTOMOTIVE FUEL INJECTION PUMP MARKET REPORT COVERAGE:

Market Segmentation:

Automotive Fuel Injection Pump Market - By Application:

• Direct Injection System
• Multipoint Fuel Injection System

Automotive Fuel Injection Pump Market - By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Among these vehicle types, commercial vehicles are estimated to experience rapid market growth over the conjecture period, attributed to increased vehicle production as well as the growing need for these vehicles.

Automotive Fuel Injection Pump Market - By Pressure:

• Low-Pressure Pump
• High-Pressure Pump

Automotive Fuel Injection Pump Market - By Type:

• Common Rail Fuel Injection Pump
• Rotary Distributor Fuel Injection Pump

The common rail fuel injection pump is estimated to account for a significant market share during the forecast period. The main advantages associated with the common rail fuel injection pump are increased demand for better vehicle performance and constant pressure throughout, regardless of engine speed and load conditions.

Market Regional Analysis:

The Global Automotive Fuel Injection Pump Market Report includes the segmentation of regions:

• North America - U.S, Canada

• Europe – Norway, Germany, Sweden

• Asia Pacific- China, India, Japan

• Latin America – Brazil, Mexico, Argentina

• Middle East and Africa

Among these regions, the Asia-Pacific has dominated the global market due to drivers such as strict regulations on vehicle emissions, increased disposable income, and growth in new vehicle registrations. In recent years, APAC has sold the largest number of vehicles, where countries such as China, Japan, and Indonesia are making significant contributions. Furthermore, the growing demand for passenger vehicles has become a determining factor for the APAC region. North America is the second leading region in terms of turnover. Europe occupies the third position in the lead.

Impact of Covid-19 On the Automotive Fuel Injection Pump Market:

Leading companies in the automotive pumps industry, such as Bosch, Continental, and others, have temporarily suspended their operations because of the declined demand, and supply chain disruption and to ensure the safety of their employees in different nations during the coronavirus transmission. As a result, demand for automotive pumps is expected to decline in 2020. Manufacturers are likely to adjust production to avoid bottlenecks and plan production based on demand from OEMs and Tier 1 manufacturers. The resumption of vehicle production is unlikely in the immediate future due to the severity of the pandemic, especially in the US and major European countries. For example, Rheinmetall faced a decline in sales in the first quarter of 2020 due to the COVID-19 crisis of 13%. The shutdown of production due to the lockdown was the main driver of the decline, although the resumption of production plants in China and the United States is expected to recoup losses in the coming months.

Market Key Players:

The key players in the Global Automotive Fuel Injection Pump Market  are

1. Continental AG (Germany)

2. Denso Corporation (Japan)

3. Delphi Automotive (UK)

4. Robert Bosch (Germany)

5. Hitachi Ltd (Japan)

6. Infineon Technologies (Germany)

7. Schaeffler Group (Germany)

8. Johnson Electric (Hong Kong)

9. Mitsubishi Electric (Japan)

10. Valeo (France)

11. MAHLE GmbH (Germany)

12. Cummins, Inc (U.S.)