Fuel Injector Aftermarket is Primed for Growth
22 March 2000
Fuel Injector Aftermarket is Primed for Growth
SAN ANTONIO--March 22, 2000--As the number of fuel-injected vehicles on the road continues to rise and the number of injectors installed per vehicle increases, the aftermarket for fuel injectors is expected to show impressive growth.According to strategic research conducted by Frost & Sullivan ( www.frost.com ), "U.S. Fuel Injector Aftermarket," revenues for the total market have climbed from $228.5 million in 1998 to $242.0 million in 1999. Market growth is anticipated through 2005.
Although fuel injection was introduced in the late 1980s, it was not until the early 1990s that it was widely applied to cars. With a life expectancy of around 10 years, those early fuel injectors are now coming in for repair and replacement, boosting aftermarket revenues.
"The pace of technological advancement in this market is expected to accelerate as automakers develop new technologies to meet changing emission standards," says Frost & Sullivan analyst Meenakshi Ganjoo. "Designers are mainly looking to improve reliability, performance and cost-effectiveness of fuel injectors.
"Though changes are generally driven by OEMs, aftermarket manufacturers need to keep pace with new technologies," says Ganjoo. "Under such circumstances, understanding OE specifications and achieving OE standards is difficult, as it requires extensive research and testing facilities."
Meanwhile, changing EPA standards and automakers' desire to have smaller, lighter and longer-lasting fuel injectors have resulted in an explosion of part numbers. The biggest challenge for aftermarket suppliers is to supply all variations of injectors that are available, including numerous new designs.
Although there has been some consolidation in part numbers, suppliers are reluctant to continue that trend because of the possibility that replacements will fail to meet EPA standards. Fuel injector distributors and installers consider parts coverage a major criteria in choosing a supplier, second only to quality.
This Frost & Sullivan report provides a detailed analysis of the fuel injector aftermarket. It includes in-depth discussions of market drivers and restraints as well as demand and pricing trends. The study also examines a wide range of significant market measurements, from revenues and growth rates to price sensitivity and market concentration.
Frost & Sullivan presents 2000 Market Engineering Awards to companies that have worked hard to make a positive contribution to the fuel injector industry. The Market Engineering Leadership Award is presented to Dana Corporation .
Market participants include ACDelco; Airtex Products; AMC Manufacturing; Auto Life USA; Delphi Automotive Systems Corporation; Dana Corporation; Federal-Mogul Corporation; Fuel Injection Corporation; GB Remanufacturing Inc.; Holley Performance Products; Linder Technical Services; Magneti Marelli USA; Python Injection Inc.; Robert Bosch Corporation; Siemens Automotive Aftermarket; Standard Motor Products Inc.; Tomco Inc.; Visteon Automotive Systems; Walker Products Inc.; Wells Manufacturing Corporation; and Nitoma Inc. The industry association is the Motor & Equipment Manufacturers Association (MEMA).
Frost & Sullivan is an international marketing consulting and training company that monitors the fuel injector aftermarket for market trends, market measurements and strategies. This ongoing research is used to complement a series of research publications such as "U.S. Automotive Fuel Pump Aftermarket" and is used to support participants with customized consulting needs. Free executive summaries are available to the press.
"U.S. Fuel Injector Aftermarket" Report: 7239-18 Publication Date: April 2000 Price: $3,950
Special Offer: Purchase "U.S. Automotive Fuel Pump Aftermarket" (No. 7240-18) with this report for a combined price of $6,900. Receive No. 7239-18 for only $3,450 if No. 7240-18 was purchased previously.