World Injector Nozzle Market Canvassed in New MicroMarketMonitor Report Now Available at MarketPublishers.com
23 Feb 2016 • by Natalie Aster
LONDON – The world market for injector nozzles is projected to reach a value of USD 5.33 billion by the end of 2020, posting a CAGR of 6.2% over the next five years. Surging need to preserve conventional fuel, soaring demand of fuel-efficient cars, and considerable expansion of the passenger cars sector are amongst the major drivers of the growth of the market.
In terms of vehicle type, the passenger cars segment takes the lead, accounting for 75.3% of the overall vehicle production as of 2014. The growth in the segment is mainly due to the hike in disposable incomes owing to industrialisation, easy access to finances, and changing consumer preferences toward privately-owned luxury transport, etc. At the same time, industrialisation and construction activities alongside increasing in mining & other industrial activities have raised the demand for commercial vehicles.
Asia-Oceania, led by China and India, is the leading regional injector nozzle market owing to growth in the industrial sector in the region. Additionally, low production cost in the region versus western countries, easy economic labour force availability, and relaxied emission and safety requirements are also giving a boost to the injector nozzle market. Nearly every original equipment manufacturer (OEM) currently has its presence in Asia due to the reasons mentioned above. Meantime, North America is poised to become the next promising injector nozzle market space, primarily on the back of the thriving automotive industry. The overall vehicle manufacturing in the USA surged by 5.4% as of 2014 YoY, whereas in Mexico this growth stood at around 10%.
Continental AG, Denso Corporation, Delphi Automotive PLC, Robert Bosch GmbH, Infineon Technologies AG, Keihin Corporation, and Magneti Marelli S.p.A. are amid the dominant players in the world injector nozzle market.
New research study “Global Injector Nozzle Market” prepared MicroMarketMonitor provides a detailed analysis of the injector nozzle market performance. The research report analyses and forecast to 2020 the marketplace, in volume and value terms, based on fuel type, vehicle type, by technology and by geography. It provides a brief overview of the market dynamics such as drivers, hindrances, and opportunities; and casts light on the recent industry developments. The study explores market performance and scrutinizes the competitive landscape. It canvasses the competitive scenario, profiles top injector nozzle market vendors and service providers in the industry alongside providing a granular comparison of product portfolio of each of the firms discussed.
Global Injector Nozzle Market
Published: February, 2016
Price: US$ 4,250.00
More new studies by this publisher are available at MicroMarketMonitor page.