Global Diesel Vehicle Common Rail Injection System Market 2018-2022| Key Insights and Forecasts| Technavio
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LONDON--The global diesel vehicle common rail injection system market is expected to be 20.32 million units by 2022, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
A key factor driving the growth of the market is the increasing demand for direct fuel injection engines in emerging countries. Consumers in emerging economies are highly cost-sensitive. Hence, low-cost utility vehicles are highly preferred. Increased mileage is a major factor influencing the purchasing decision of customers in emerging countries. Vehicles with more mileage have less maintenance cost than high-powered vehicles. Hence, vehicle manufacturers are increasingly equipping vehicles with direct injection fuel delivery systems for reducing fuel consumption. This is expected to drive the global diesel vehicle common rail injection system market in emerging countries.
This market research report on the global diesel vehicle common rail injection system market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the development of homogeneous charge compression ignition system engines as one of the key emerging trends in the global diesel vehicle common rail injection system market:
Global diesel vehicle common rail injection system market: Development of homogeneous charge compression ignition system engines
Increasing stringency of emission norms has caused vehicle manufacturers to research across various avenues to increase the efficiency of combustion and reduce the formation of emissions. The homogeneous charge compression ignition system is an old technology developed to eliminate spark plug for ignition within the combustion chamber. However, the increased cost of implementation of this technology stopped the company from further developing HCCI systems.
“Considering stringent emission regulations and fuel efficiency norms, R&D activities on HCCI system within engines are going on for replacing mechanical fuel injection systems, HCCI systems with common rail injection system offer an advanced reduction in emission levels of particulate matter and NOx,” says a senior analyst at Technavio for automotive electronics.
Global diesel vehicle common rail injection system market: Segmentation analysis
This market research report segments the global diesel vehicle common rail injection system market by application (passenger cars and commercial vehicles) and geographical regions (APAC, EMEA, and the Americas).
The passenger cars segment held the largest market share in 2017, accounting for nearly 56%. This application segment is expected to dominate the global market throughout the forecast period.
EMEA led the market in 2017 with a market share of nearly 50%. However, by 2022, APAC is expected to surpass EMEA to become the leading region, accounting for a market share of nearly 51%.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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